Innwa Bank
Native name | အင်းဝဘဏ်လီမိတက် |
|---|---|
| Private | |
| Industry | Bank |
| Founded | November 28, 1997 |
| Founder | Myanmar Economic Corporation |
| Headquarters | Kyauktada Township, Yangon, Myanmar (Burma) |
| Total assets | 260 billion kyat[1] (US$2.60 million) (2012-13) |
| Website |
www |
Innwa Bank Limited (Burmese: အင်းဝဘဏ်လီမိတက်) is a private commercial bank in Burma (Myanmar). Innwa Bank was founded by the Myanmar Economic Corporation (MEC) in 1997, a major conglomerate owned by serving and retired military officers of the Tatmadaw, affiliated with the Myanmar Ministry of Defence.[1][2] The bank serves as a financial vehicle for MEC's subsidiaries and affiliates.[2] Innwa Bank is wholly owned by MEC, which is in turn, owned by the government.[3] Military authorities control the bank's management.[3]
References
- 1 2 "The Myanmar Times Bank Survey 2014". Myanmar Times. 15 July 2014. Retrieved 8 February 2015.
- 1 2 Turnell, Sean (2009). Fiery Dragons: Banks, Moneylenders and Microfinance in Burma. NIAS Press. p. 266. ISBN 9788776940409.
- 1 2 Fujita, Kōichi; Fumiharu Mieno; Ikuko Okamoto (2009). The Economic Transition in Myanmar After 1988: Market Economy Versus State Control. NUS Press. p. 136. ISBN 9789971694616.
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