Myanmar Citizens Bank
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 Myanmar Citizens Bank's Head Office | |
| Company type | Public |
|---|---|
| YSX: MCB | |
| ISIN | MM0000300002  |
| Industry | Banking |
| Founded | 1992[1][2] |
| Headquarters | MCB Head Office, , Myanmar |
Number of locations | c. 31 cities, c. 56 Branches, 71 ATMs (2024) [3] |
Area served | Myanmar |
Key people | Toe Aung Myint (Chairman - BOD) Ko Ko Gyi (Director, Share holder), |
| Products |
|
MMK 5.5 Billion 633.6% (YOY) (2024) | |
MMK 0.8 Billion 47.8% (YOY) (2024) | |
| Total assets | MMK 981.5 Billion 50.6% pt (2024) |
| Total equity | MMK 73.26 Billion (2024) |
Number of employees | c. 1100 (2024) |
| Website | mcb.com.mm |
| Footnotes / references [4] [5] | |
Myanmar Citizens Bank (Burmese: မြန်မာနိုင်ငံသားများဘဏ်; abbreviated as MCB)[6] is a private commercial bank in Myanmar. The bank was established on 2 Jun 1992 in Yangon, Myanmar. MCB listed on Yangon Stock Exchange on 26 August 2016[7]. The Myanmar Citizens Bank's head office is located at No.383, Mahar Bandula Road, Kyauktada Township of Yangon. It has 56 Branches and 71 Automatic Teller Machines (ATMs) in 31 cities around Myanmar.[8]
History
[edit]The bank was founded in 1992. The granted registration number of the company is (274/1991-92) and it was granted on 30th October 1991.[9] It is partly owned by Ministry of Commerce (Myanmar). And most of the shares of the company is believed to be owned by U Ko Ko Gyi. According to the company Annual Report 2024, some of top twenty shareholders for the year (2023-2024) are : Capital Financial Holding Ltd (22.3 %), Capital Diamond Star Group Ltd (15.1 %), Diamond Star Co., Ltd (8.9 %), Shwe Me Co., Ltd (8.0 %), Good Brothers Co., Ltd (5.7 %), Ministry of Commerce (Minister's Office) (4.8 %), Good Brothers Machineries Co., Ltd (4.1 %)[10] and so on.
Myanmar Citizens Bank - MCB has an authorized Capital of 75 Billion Kyats and Paid up Capital of 52 Billion Kyats in the fiscal year 2016-2017. MCB has 21 branches with 560 employee as of 2016 and increased up to 50 branches in 2021.[citation needed]
References
[edit]- ^ "Myanmar Citizens Bank Limited Summary (Burmese language" (PDF).
- ^ "Announcement of the opening of a new Myanmar Citizens Bank November 8, 2024 (Burmese language" (PDF).
- ^ "ATM".
- ^ "Board of Directors, Myanmar Citizens Bank Limited".
- ^ "Myanmar Citizens Bank Ltd".
- ^ "List of Private Banks".
- ^ "ysx-Myanmar.com".
- ^ "Branches of the Myanmar Citizens Bank".
- ^ "About MCB".
- ^ "Myanmar Citizens Bank Annual Report 2024" (in Burmese). Myanmar Citizens Bank. 24 February 2024.