The Republic of the Union of Myanmar

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List of Foreign Banks Branches

List of Foreign Banks Branches

Sr No.

Bank Name

License Date/ Commencement Date

Branch Address

1.

MUFG Bank, Ltd.

2-4-2015/

22-4-2015

Union Financial Centre, Corner of Maharbandoola Road and Thein Phyu Road,     Botahtaung Township, Yangon 11121, Republic of the Union of Myanmar

2.

Oversea-Chinese Banking Corporation Ltd

2-4-2015/

23-4-2015

Union Financial Center, Unit # 02-10, Corner of Mahabandoola Road & Thein Phyu Road, Botahtaung Township, Yangon 11161, Republic of the Union of Myanmar

3.

Sumitomo Mitsui Banking Corporation

2-4-2015/

23-4-2015

Level 5, No.53, Strand Office Complex (The Strand Square), Strand Road, Pabedan Township, Yangon 11141, Republic of the Union of Myanmar

4.

United Overseas Bank Limited

30-4-2015/

4-5-2015

Unit # 12-01/02/03, Level 12, Junction City Office Tower, Coner of Bogyoke Aung San Road and 27th Street, Pabedan Township 11143, Yangon, Republic of the Union of Myanmar

5.

Bangkok Bank Public Company Limited

26-5-2015/

2-6-2015

No. 5,  Kaba Aye Pagoda Road, Yankin Township, Yangon 11081, Republic of the Union of Myanmar

6.

Industrial and Commercial Bank of China

26-5-2015/

1-7-2015

459, Pyay Road, Kamayut Township, Yangon 11041, Republic of the Union of Myanmar

7.

 Malayan Banking Berhad (Maybank)

27-7-2015/

3-8-2015

Room #03-12, Level 3, Sedona Business Suites, No.1 Ka Ba Aye Pagoda Road, Yankin Township, Yangon 11081, Republic of the Union of Myanmar

8.

Mizuho Bank Limited

27-7-2015/

3-8-2015

02-06~09, 2nd  Floor, Union Financial Centre (UFC), Corner of Mahabandoola Road and Thein Phyu Road, Botahtaung Township, Yangon 11161, Republic of the Union of Myanmar
9. Australia and New Zealand Banking Group Limited

29-9-2015/

2-10-2015

7th Floor, Centrepoint Towers, No. 65, Corner of Sule Pagoda Road and Merchant Road, Kyauktada Township, Yangon 11182, Republic of the Union of Myanmar
10. The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV)

30-6-2016/

1-7-2016

9th Floor, Myanmar Center Tower 1, No.192, KabarAye Pagoda Road, Bahan Township, Yangon 11201, Republic of the Union of Myanmar
11. Shinhan Bank

15-9-2016/

20-9-2016

Unit 01-06, Level 21, Myanmar Center Tower 1, No.192, KabarAye Pagoda Road, Bahan Township, Yangon 11201, Republic of the Union of Myanmar
12. E.Sun Commercial Bank Limited

27-9-2016/

3-10-2016

10th Floor, Myanmar Center Tower 1, No.192, KabarAye Pagoda Road, Bahan Township, Yangon 11201, Republic of the Union of Myanmar
13. State Bank of India

27-9-2016/

3-10-2016

Unit No.B# 01-03B, Tower-B, Union Financial Center, Corner of Mahabandoola Road & Thein Phyu Road ,  Botahtaung Township,Yangon 11161, Republic of the Union of Myanmar

 

 

Weighted-average (WA) Market Exchange Rate

MMK per USD - Date: 11th December 2019

Reference Exchange rate
(WA market rate)
1,510.8
Interbank Market WA rate 1,511.9
Bank-customer Market WA rate 1,509.2
  • CBM announces daily Reference Exchange Rate every working day at 4:00 PM, based on deals between 9:00 AM and 3:00 PM.
  • Methodology on determination of Reference Exchange Rate is available here

MMK Exchange rate for other currencies are available here (forex.cbm.gov.mm)

Interest Rate(%)
Central Bank Rate 10%pa
Minimum Bank Deposit Rate 8%pa

Maximum Bank Lending Rate (Secured)

Maximum Bank Lending Rate (Unsecured)

13%pa

 

16%pa

Economic Indicators (%)

GDP Growth Rate

2018-2019 First 6 Months

(October to March)

6.30 %
Annual Rate of Inflation 8.61 %
Year on Year Inflation 9.51 %

     Source : Ministry of Planning and Finance