Myanmar Citizens Bank - MCB

Myanmar Citizens Bank (MCB) is a leading player in the finance, financial services, and banking industries. Established in 1992, MCB has positioned itself as one of the oldest private commercial banks in Myanmar. It has made significant strides in the market and is the first bank to be listed on the Yangon Stock Exchange. The company's notable achievements include rapid growth rates and a healthy balance sheet. MCB boasts a diverse shareholder base and a strong management team with extensive experience in the banking sector across Myanmar and the Asia Pacific region. The board and management team have established a governance framework that emphasizes ethical values and transparency, ensuring a sound business model. The company's primary focus has been on commercial and SME segments, but it is now expanding into corporate and retail banking segments, offering innovative products and services through a network of nearly 50 branches in 26 cities nationwide. In 2019, MCB entered into a strategic partnership with the International Finance Corporation (IFC), the private sector arm of the World Bank, for a long-term consultancy and partnership agreement. This collaboration marks the beginning of a three-year transformation journey aimed at modernizing and improving banking operations, as well as enhancing product and service offerings to best serve its clients while maintaining a commitment to growth and efficiency.