History

2023

keyboard_arrow_down
Yoma Bank celebrated its 30th Anniversary and conducted series of commemorative activities. 
Yoma Bank appointed U Ba Maung Sein as the new Chief Executive Officer.

2022

keyboard_arrow_down
IFC transferred its share to FMI.

2021

keyboard_arrow_down
Yoma Bank moves its Head Office to Star City, Thanlyin.

2020

keyboard_arrow_down
Foreign direct investment from Norfund and GIC.

2019

keyboard_arrow_down
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

keyboard_arrow_down
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

keyboard_arrow_down
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

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

2015

keyboard_arrow_down
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

keyboard_arrow_down
IFC investment and partnership signed. 

2013

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

2012

keyboard_arrow_down
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

keyboard_arrow_down
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

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

1993

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