Myanma Apex Bank
 | |
Native name | မြန်မာ့ရှေ့ဆောင်ဘဏ် |
|---|---|
| Company type | Private |
| Industry | Bank |
| Founded | July 2, 2010 |
| Founder | Chit Khine |
| Headquarters | Ottarathiri Township, , Myanmar (Burma) |
| Total assets | 529 billion kyat[1] (2012-13) |
| Owner | Chit Khine |
| Website | www |
Myanma Apex Bank (Template:Lang-my; 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]
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.