United Amara Bank
United Amara Bank (Burmese: ယူနိုက်တက်အမရဘဏ်; abbreviated UAB) is a private commercial bank in 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]
 Logo (2016-2020) | |
Native name | ယူနိုက်တက်အမရဘဏ် |
|---|---|
| Type | Private |
| Industry | Bank |
| Founded | August 2010 |
| Founder | U Ne Aung |
| Headquarters | uab Tower @ Times City, Yangon , Myanmar (Burma) |
Key people | Ne Aung (Chairman) Christopher Loh (MD & CEO) |
| Total assets | 385 billion kyat[1] (US$340 million) (2013-14) |
| Owner | U Ne Aung |
| Website | www |
The bank is majority owned by Ne Aung, the son of Aung Thaung, who has been blacklisted by the United States Treasury on 31 October 2014[3] for his membership in the country's ruling military junta, the State Peace and Development Council and his attempts to undermine Burma's economic and political reforms.[4][5]
References
- "The Myanmar Times Bank Survey 2014". Myanmar Times. 15 July 2014. Retrieved 8 February 2015.
- Cheesman, Nick; Skidmore, Monique; Wilson, Trevor (2012). Myanmar's Transition: Openings, Obstacles, and Opportunities. Institute of Southeast Asian Studies. p. 147.
- Aye Thida Kyaw (8 December 2014). "Ghosts of 2003 crisis haunt banks". Myanmar Times. Retrieved 8 February 2015.
- Aye Thida Kyaw (10 November 2014). "United Amara frets bank run as owner's father blacklisted". Myanmar Times. Retrieved 8 February 2015.
- Thiha Ko Ko (5 November 2014). "NOV Blacklisted MP 'not linked to United Amara Bank,' only son". Mizzima. Retrieved 8 February 2015.
External links
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