Quarterly Business Magazine

Ayeyarwady Bank

Company Name :
Ayeyarwady Bank
Year Founded :
2010
Key Person :
U Zaw Zaw, Founder & Executive Chairman
Contact Phone :
951-531067, 531068, 531069
Contact Email :
info@ayabank.com.mm
Description :

Ayeyarwady Bank received our banking license from the Central Bank of Myanmar on 2 July 2010 to operate as a full retail and commercial banking business. The bank commenced operations on 11 August 2010 with the opening of the Naypyitaw Head Office, and had grown rapidly since then. The founder of Ayeyarwady Bank is U Zaw Zaw, a well-respected entrepreneur, business leader and philanthropist in Myanmar.

Ayeyarwady Bank has always strived to achieve international standards in its banking operations. We are constantly improving our corporate governance, risk management and compliance measures by adopting global best practices. We have engaged experts and consultants with broad international experience and invested significantly in our employees, systems and technology in order to grow our business. We believe our effort will ensure sustainable long-term growth for the Bank and improve the returns of our stakeholders and the lives of the people whom we serve.

The Bank has grown steadily since its inception, with the number of branches reaching 45 branches as of August 2013. Non-bank customer deposits have grown to more than MMK 395 billion as at 31 March 2013, signifying growing confidence among the public in the brand and reputation of the bank.

For the immediate years ahead, the Bank will continue to extend its reach throughout Myanmar, establish relationships with new customers and foreign stakeholders and strengthen the Bank's capital and risk management controls. The Bank will also emphasize on improving our human capital, and foster a corporate culture of innovation through technology so as to provide new products and services for our customers. We believe that as Myanmar continues the reforms of the banking industry, the bank will be well-placed to be the front-runner in terms of innovation and the range of products and services.

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