Myanma Apex Bank
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.[2]
Native name | မြန်မာ့ရှေ့ဆောင်ဘဏ် |
---|---|
Private | |
Industry | Bank |
Founded | July 2, 2010 |
Founder | Chit Khine |
Headquarters | Ottarathiri Township, Nay Pyi Taw , Myanmar (Burma) |
Total assets | 529 billion kyat[1] (2012-13) |
Owner | Chit Khine |
Website | www |
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.[3][4][5]
References
- "The Myanmar Times Bank Survey 2014". Myanmar Times. 15 July 2014. Retrieved 8 February 2015.
- Cheesman, Nick; Monique Skidmore; Trevor Wilson (2012). Myanmar's Transition: Openings, Obstacles, and Opportunities. Institute of Southeast Asian Studies. p. 147.
- "Burma Relaxes Banking Regulations". The Irrawaddy. 14 June 2010. Retrieved 29 October 2012.
- "Commission Regulation (EU) No 411/2010". European Commission. 10 May 2010. Retrieved 29 October 2012.
- "Burma/Myanmar COMMISSION REGULATION (EC) NO 385/2008" (PDF). Financial Sanctions Notification. HM Treasury. 2 May 2008. Archived from the original (PDF) on 9 November 2012. Retrieved 29 October 2012.
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