Ayeyarwady Bank announces Ks 1 trillion in deposits

The Ayeyarwady Bank has recorded public deposits amounting to Ks 1 trillion (US$1 billion) since its founding in 2010, according to bank statements.

The bank began business three years ago with the opening of its headquarters in Nay Pyi Taw on August 11, 2010.

Apart from normal banking procedures, it has become a member of United Nations Global Compact and runs corporate social responsibility programmes since August 2012.

It has also joined VISA and facilitates international bank cards as of March this year. The Ayeyarwady Bank also offers online banking with AYA i-Banking service last month.

It operates 71 bank branches and 124 ATMs throughout the country and aims to extend its branches to 150 by 2015.

According to the Central Bank, 22 private banks have operated more than 700 bank branches nationwide.

source: Eleven Myanmar

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