Myanma Investment and Commercial Bank | |
Native Name Lang: | my |
Industry: | Banking |
Founders: | --> |
Hq Location: | No. 170-176, Bo Aung Kyaw Street, Botataung Township |
Hq Location City: | Yangon |
Hq Location Country: | Myanmar |
Areas Served: | --> |
Owners: | --> |
The Myanma Investment and Commercial Bank (Burmese: မြန်မာ့ရင်းနှီးမြှုပ်နှံမှုနှင့် ကူးသန်းရောင်းဝယ်ရေးဘဏ်; abbreviated MICB) is a state-owned bank.[1] MICB has branches mainly in Yangon and Mandalay and focuses primarily on business and domestic currency-denominated loans for commercial, investment, and development activities.[2] MFTB also manages Burma's official foreign currency reserves.[2] MICB also acts as a banking intermediary for foreign investment activities.[2]
The bank was established under the Financial Institutions of Myanmar Law of 1990, which separated the bank from Myanma Economic Bank.[1]