Ayeyarwady Bank

Ayeyarwady Bank Ltd. (Burmese: ဧရာဝတီဘဏ်; AYA Bank) is a private bank in Myanmar. AYA Bank was established on 2 July 2010 with the permission of the Central Bank of Myanmar[2]. The AYA Bank's head office is located in the Rowe Building Kyauktada Township of Yangon.

AYA Bank
Native name
ဧရာဝတီဘဏ်
TypePrivate
Founded2010 (2010)
FounderZaw Zaw
Headquarters,
Number of locations
261 branches (March 2020)
Key people
Zaw Zaw
(Group Chairman)

Myint Zaw (Managing Director)
ProductsFinancial services
Number of employees
8500[1] (2020)
Websiteayabank.com

AYA Bank has 261 branches as of March 2020. Ayeyarwady Bank offers retail and commercial banking products and services.

History

Ayeyarwady Bank

Ayeyarwady Bank received its banking license from the Central Bank of Myanmar on 2 July 2010 and began operations on 2 July 2010. [2]The bank is authorized to operate as an investment or development bank for the domestic market and the approved banking activities include:

  • Borrowing or raising of money
  • Lending or advancing of money either secured or unsecured
  • Receiving securities or valuables for safe custody
  • Collecting and transmitting money and securities
  • Cash management system
  • Internet banking
  • Provision of international banking services including international remittance, payment and trade services
  • Mobile Banking

References

  1. "The Myanmar Times Bank Survey 2014". Myanmar Times. 15 July 2014. Retrieved 8 February 2015.
  2. "List of Private Banks". Central Bank of Myanmar. Retrieved 2020-05-27.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.