Myanma Foreign Trade Bank Explained

Myanma Foreign Trade Bank
Native Name Lang:my
Industry:Banking
Predecessor:State Commercial Bank (1954)
Founders:-->
Hq Location:No. 80-86, Mahabandoola Garden Street, Kyauktada Township
Hq Location City:Yangon
Hq Location Country:Myanmar
Areas Served:-->
Owners:-->

The Myanma Foreign Trade Bank (Burmese: မြန်မာ့နိုင်ငံခြားကုန်သွယ်မှုဘဏ်; abbreviated MFTB) is a state-owned bank specializing in foreign banking.[1] It provides trade finance and foreign exchange-related banking to the government, state enterprises, and the international community residing in Myanmar.[2] MFTB also manages Burma's official foreign currency reserves.[2] Until recent economic reforms, MFTB had a monopoly on foreign exchange and customer base.[2]

The bank was established under the Financial Institutions of Myanmar Law of 1990.[1]

Notes and References

  1. Web site: Myanma Foreign Trade Bank. 2015. Ministry of Finance and Revenue. 1 July 2015.
  2. Web site: Developing Myanmar’s Finance Sector to Support Rapid, Inclusive, and Sustainable Economic Growth . Nehru. Vikram. April 2015. Asian Development Bank. 1 July 2015.