Native name မြန်မာ့ရှေ့ဆောင်ဘဏ် Industry Bank Founder Chit Khaing | Type Private Owner Chit Khine Founded 2 July 2010 | |
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Headquarters Ottarathiri Township, Nay Pyi Taw, Myanmar (Burma) Total assets 529 billion kyat (2012-13) | ||
Myanma Apex Bank (Burmese: မြန်မာ့ရှေ့ဆောင်ဘဏ်; abbreviated MAB) is a private commercial bank in Burma (Myanmar). It was one of 4 private banks to commence operations in August 2010, the first new financial institutions in the country since the establishment of Innwa Bank in 1997.
The bank is owned by Chit Khaing, a prominent Burmese billionaire and owner of Eden Group, who is subject to European Union, British and American economic sanctions.
References
Myanma Apex Bank Wikipedia(Text) CC BY-SA