Asia Green Development Bank

Asia Green Development Bank (AGD)
Native name
 အာရှစိမ်းလန်းမှုဖွံ့ဖြိုးရေးဘဏ်
Industry Financial services
Founded July 2, 2010
Headquarters Yangon, Burma
Services Banking
Total assets 366 billion kyat (US$3.66 million)
Website www.agdbank.com

Asia Green Development Bank (Burmese: အာရှစိမ်းလန်းမှုဖွံ့ဖြိုးရေးဘဏ်; abbreviated AGD Bank) is a private commercial bank in Burma (Myanmar).[1] It was one of 4 private banks to commence operations in August 2010, the first new financial institutions in the country since the establishment of Innwa Bank in 1997.[2] Its head office is situated at Yangon, Burma. The bank announced it would become a public company when Burma's stock exchange is formed in 2015.[3] The bank was founded by Tay Za and the Htoo Group of Companies, whose 60% stake was sold to new shareholders, the most prominent of whom is Kyaw Ne Win, the grandson of Ne Win, the country's former dictator.[4]

See also

References

  1. ↑ The Banker Database
  2. ↑ Cheesman, Nick; Monique Skidmore; Trevor Wilson (2012). Myanmar's Transition: Openings, Obstacles, and Opportunities. Institute of Southeast Asian Studies. p. 147.
  3. ↑ Aye Thidar Kyaw (28 January 2013). "Asia Green Development Bank planning to go public". Myanmar Times. Retrieved 8 February 2015.
  4. ↑ Aung Shin; Aye Thida Kyaw (21 July 2014). "Change in owners as U Tay Za said to exit AGD Bank". Myanmar Times. Retrieved 8 February 2015.