A bank

Ayeyarwaddy Farmers Development Bank, widely known as A bank, a public company limited was formed on December 22nd, 2014 under the 3/2014 Financial Law ratified on July 30th, 2014 by the Central Bank of Myanmar. A bank is running nationwide commercial banking operations under licenses authorized by Central Bank of Myanmar.A bank was formed by a set of companies specialized in agriculture businesses throughout the supply chain. The main purpose of A bank is to bring development in agro-based industry through value chian financing i.e. increasing the access of finance at every stage of value chain_starting from production to consumption. A bank also intends to support SME development and “Financial Inclusion of Unbanked Population” by delievering technoloy-enabled, diversified banking products and services through multi-channels approach. A bank’s majority shareholder is Ayeyarhinthar company with other shareholders including Ayeyarwaddy Regional Government and agriculture related companies. Currently, A bank has paid up capital of 26.6 Billion Kyats and intends to grow proportionately every year.