Myanma Apex Bank

Myanma Apex Bank (Burmese: မြန်မာ့ရှေ့ဆောင်ဘဏ်; abbreviated MAB) is a private commercial bank in Burma (Myanmar). It was one of 4 private banks to commence operations in August 2010, the first new financial institutions in the country since the establishment of Innwa Bank in 1997.[2]

Myanma Apex Bank (MAB)
Native name
မြန်မာ့ရှေ့ဆောင်ဘဏ်
TypePrivate
IndustryBank
FoundedJuly 2, 2010 (2010-07-02)
FounderChit Khine
HeadquartersOttarathiri Township, ,
Myanmar (Burma)
Total assets529 billion kyat[1] (2012-13)
OwnerChit Khine
Websitewww.mabbank.com

The bank is owned by Chit Khine, a prominent Burmese billionaire and owner of Eden Group.

References

  1. "The Myanmar Times Bank Survey 2014". Myanmar Times. 15 July 2014. Retrieved 8 February 2015.
  2. Cheesman, Nick; Skidmore, Monique; Wilson, Trevor (2012). Myanmar's Transition: Openings, Obstacles, and Opportunities. Institute of Southeast Asian Studies. p. 147.
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