Myanma Foreign Trade Bank

Myanma Foreign Trade Bank
Native name
‹See Tfd›မြန်မာ့နိုင်ငံခြားကုန်သွယ်မှုဘဏ်
IndustryBanking
PredecessorState Commercial Bank (1954)
FoundedJuly 4, 1990 (1990-07-04)
HeadquartersNo. 80-86, Mahabandoola Garden Street, Kyauktada Township,
Yangon
,
Myanmar
Websitewww.mmftb.gov.mm

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]

  1. ^ a b "Myanma Foreign Trade Bank". Ministry of Finance and Revenue. 2015. Retrieved 1 July 2015.
  2. ^ a b c Nehru, Vikram (April 2015). "Developing Myanmar's Finance Sector to Support Rapid, Inclusive, and Sustainable Economic Growth" (PDF). Asian Development Bank. Retrieved 1 July 2015.