History

2020

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Foreign direct investment from Norfund and GIC.

2019

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The International Finance Corporation ("IFC"), a member of the World Bank Group, has converted its loan provided in 2014 to 5.12% equity shareholding to Yoma Bank Limited making the IFC to become the first international investor at a local bank in Myanmar. 

Launched new Business Centers in Yangon and in Mandalay to accelerate its commitment to financial inclusion, both in lower and upper Myanmar. Formed partnership agreement with LIFT on Rural Women Digital Financing Program. 

Yoma Bank on-boarded Mr. Dean Cleland as the new Chief Executive Officer. 

2018

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Yoma Bank celebrated 25th Anniversary and conducted series of commemorative activities.

The core banking system was operationally rolled-out. SMART application and digital Hire Purchase portal operational. 

2017

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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.

2016

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Yoma Bank implemented its first digital core banking system. Wave Money - first licensed mobile money operator in Myanmar was launched. 

2015

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Joint venture agreement with Yoma Bank, Yoma Strategic and Telenor for Wave Money.

The branch expansion initiative was launched.

Formed partnership with LIFT on Agri Financing Program.

2014

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IFC investment and partnership signed. 

2013

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Yoma Bank restored lending services and re-build the Management team.

2012

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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. 

2003

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Amid 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.

2001

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Yoma Bank opens its 41st branch. Operating in 24 cities, it is now one of Myanmar’s largest banks.

1993

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Yoma Bank Ltd. was founded and established by Mr. Serge Pun, opening its first branch near Yangon’s iconic Bogyoke Aung San Football Stadium.