In 1993, entrepreneur Mr. Serge Pun launched the very first branch of Yoma Bank, a new kind of financial institution designed to bring Myanmar’s finance industry into the modern world. Within ten years, Yoma Bank had become one of the largest banks in the country. By investing in wireless banking technology and Myanmar’s first computerized accounting system, it created Myanmar’s most efficient remittance service, and by adhering to international standards of transparency and accountability, Yoma Bank forged the strong, global relationships that have made it the industry leader in international banking services. Today, with our hybrid platform and full range of local and international financial services, Yoma Bank continues to define the next generation of banking in Myanmar.
Yoma Bank Ltd. was established, opening its first branch near Yangon’s iconic Bogyoke Aung San Football Stadium.
Yoma Bank employs cutting-edge wireless banking technology and adopts Myanmar’s first computerized accounting system.
Yoma Bank opens its 41st branch. Operating in 24 cities, it is now one of Myanmar’s largest banks.
a nationwide financial crisis, the Myanmar government imposes strong
banking restrictions and begins nationalizing private banks. Despite
government restrictions, Yoma Bank continues to offer reliable and
efficient domestic remittances. To this day Yoma Bank’s remittance
service remains the most trusted in the country.
Under Myanmar’s new democratic government, the restrictions imposed in 2003 are lifted and Yoma Bank regains its full banking license. It now has more than 50 branches across Myanmar.
With 79 branches nationwide, Yoma Bank launches its SMART
digital account and new mobile banking App, continuing to lead the way
in modern, world-class banking.
Yoma Bank celebrated 25th Anniversary and conducted series of commemorative activities such as plastic crisis awareness campaign, donation to 10 school libraries, the Myanmar’s first financial literacy Hackathon competition, eye tests for school children at Pun Hlaing Hospital, etc.
The International Finance Corporation (“IFC”) converted the loan provided 9n 2014 to Yoma bank to a 5.12% equity shareholding making the IFC to become the first international investor at a local bank in Myanmar.
Yoma Bank also launched new Business Centers in Yangon and in Mandalay to accelerate its commitment to financial inclusion, both in lower and upper Myanmar.