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.