Myanma Apex Bank
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 | |
Native name | မြန်မာ့ရှေ့ဆောင်ဘဏ် |
|---|---|
| Company type | Private |
| Industry | Bank |
| Founded | July 2, 2010 |
| Headquarters | Ottarathiri Township, , Myanmar (Burma) |
| Total assets | Ks.529 billion[1] (2012-13) |
| Owner | Chit Khine |
| Website | www |
Myanma Apex Bank (Burmese: မြန်မာ့ရှေ့ဆောင်ဘဏ်; abbreviated MAB) is a private commercial bank in Myanmar.
Myanma Apex Bank Ltd (MAB) was incorporated on 2 July 2010, established as a subsidiary of Eden Group of Companies., and opened its first branch office in Naypyitaw on 17 August 2010. Among the more than 20 banks in Myanmar, MAB is considered to be among the top 4 banks.[citation needed] As of early 2020, MAB had 102 branches nationwide.[2]
MAB offers a variety of financial services, such as consumer deposit offerings, ATM, POS acceptance network using Myanmar Payment Union (MPU), VISA and MasterCard cards, commercial financing for small and medium businesses with loans, overdraft and hire purchases options, cross-border trade, as well as providing businesses with foreign trade finance, gift cheques, payment orders, remittance and other ancillary services.[3] MAB has launched a wealth banking and rewards program called MAB Wealth Banking in order to support the growing number of high net worth customers in Myanmar.[4][5][6]
Global partnerships
Myanma Apex Bank (MAB) has established local and international partnerships with organizations including:[7][8][9][10]
- Visa
- MasterCard
- UnionPay
- Western Union
- VAT IT
