Innwa Bank

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Innwa Bank Limited
Native name
အင်းဝဘဏ်လီမိတက်
TypePrivate
IndustryBank
Founded1997-11-28 (1997-11-28)
FounderMyanmar Economic Corporation
HeadquartersKyauktada Township,
Yangon
,
Myanmar (Burma)
Total assets320 billion kyat[1] (US$2.60 million) (2021-22)
Websitewww.ablmm.com

Innwa Bank Limited (Burmese: အင်းဝဘဏ်လီမိတက်) is a private commercial bank in Burma (Myanmar). Innwa Bank was founded by the Myanmar Economic Corporation (MEC) in 1997, a major conglomerate owned by serving and retired military officers of the Tatmadaw, affiliated with the Myanmar Ministry of Defence.[1][2] The bank serves as a financial vehicle for MEC's subsidiaries and affiliates.[2] Innwa Bank is wholly owned by MEC, which is in turn, owned by the government.[3] Military authorities control the bank's management.[3]

References[]

  1. ^ a b "The Myanmar Times Bank Survey 2014". Myanmar Times. 15 July 2014. Retrieved 8 February 2015.
  2. ^ a b Turnell, Sean (2009). Fiery Dragons: Banks, Moneylenders and Microfinance in Burma. NIAS Press. p. 266. ISBN 9788776940409.
  3. ^ a b Fujita, Kōichi; Fumiharu Mieno; Ikuko Okamoto (2009). The Economic Transition in Myanmar After 1988: Market Economy Versus State Control. NUS Press. p. 136. ISBN 9789971694616.
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