The Republic of the Union of Myanmar

Central Bank of Myanmar

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Representative Offices of Foreign Banks and Finance Companies

Representative Offices of Foreign Banks

Sr.No.

Name of Foreign Banks

Date of Registration Certificate Issued

1.

DBS Bank Limited

10.11.93

2.

National Bank Limited

6.7.95

3.

First Overseas Bank Limited

30.4.96

4.

CIMB Bank Berhad (New Licence for Name of Change)

19.2.2008

5.

Arab Bangladesh (AB)Bank Limited

10.12.2010

6.

Siam Commercial Bank Public Company Limited

23.4.2012

7.

Krung Thai Bank Public Company Limited

14.6.2012

8.

United Bank of India

19.6.2012

9.

Kasikornbank Public Company Limited

18.7.2012

10.

Woori Bank

25.10.2012

11.

Vietin Bank

12.12.2012

12.

Korea Development Bank

27.12.2012

13.

Standard  Chartered Bank

27.12.2012

14.

Industrial Bank of Korea

14.3.2013

15.

First Commercial Bank (New Licence  for Change of Management Office)

18.3.2013

16.

Kookmin Bank

4.6.2013

17.

Export-Import Bank of India

14.6.2013

18.

The Export-Import Bank of Korea

16.12.2013

19.

Eastern Bank Limited

26.3.2014

20.

Bank of Ayudhya Public Company Limited

26.3.2014

21.

RHB Bank Berhad

26.3.2014

22.

Commercial Bank of Ceylon PLC

12.11.2014

23.

Cathay United Bank

11.4.2014

24.

BRED Banque Populaire

11.6.2014

25.

Busan Bank Co., Ltd

23-6-2015

26.

PT. Bank Negara Indonesia (Persero)Tbk

23.6.2015

27.

Bank of Taiwan 

23.6.2015

28.

Taishin International Bank Co., Ltd

23.6.2015

29.

Taiwan Shin Kong Commercial Bank Co., Ltd

23.6.2015

30.

CTBC Bank Co., Ltd

23.6.2015

31.

Yuanta Commercial Bank Co., Ltd

23.6.2015

32.

Taiwan Cooperative Bank Limited

23.6.2015

33.

Taiwan Business Bank Limited

23.6.2015

34.

Mega International Commercial Bank Co., Ltd

23.6.2015

35.

Ho Chiminh City Development Joint Stock Commercial Bank

23.6.2015

36.

Qatar National Bank

26.7.2015

37.

Sampath Bank PLC

26.7.2015

38.

Bank of China

12.8.2015

39.

KEB Hana Bank (New Licence for Change of Name)

18.12.2015

40.

ACLEDA Bank Plc.

7.4.2016

41.

SATHAPANA  Bank PLC.(New Registration Certificate for Change of Name)

7.5.2012

42.

Chang Hwa Commercial Bank Limited

21.11.2016

43.

Hua Nan Commercial Bank Limited

21.11.2016

44.

Export-Import Bank of Thailand

6.3.2017

45.

Saigon-Hanoi Commercial Joint Stock Bank

19.3.2019

 

Representative Offices of Foreign Finance Companies

Sr.No.

Name of Foreign Finance Companies

Date of Registration Certificate Issued

1.

AEON Credit Service Company

20.7.2012

2.

BOT Lease(Thailand) Co., Ltd.

7.4.2016

3.

KB Kookmin Card Company Limited

14.9.2017

4.

Mitsubishi UFJ Lease and Finance Co., Ltd.

27.12.2017

5.

Shinhan Card Co., Ltd.

6.9.2018

6.

JB Woori Capital Co., Ltd.

24.4.2019

 

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Weighted-average (WA) Market Exchange Rate

MMK per USD - Date: 19th September 2019

Reference Exchange rate
(WA market rate)
1,536.7
Interbank Market WA rate 1,537.2
Bank-customer Market WA rate 1,536
  • 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 6.50 %
Annual Rate of Inflation 8.08 %
Year on Year Inflation 9.51 %

     Source : Ministry of Planning and Finance