Myanmar Citizens Bank (; abbreviated as MCB) is a private commercial bank in

Myanmar Myanmar, officially the Republic of the Union of Myanmar; and also referred to as Burma (the official English name until 1989), is a country in northwest Southeast Asia. It is the largest country by area in Mainland Southeast Asia and has ...

. The bank was established on 2 June 1992 in

Yangon Yangon, formerly romanized as Rangoon, is the capital of the Yangon Region and the largest city of Myanmar. Yangon was the List of capitals of Myanmar, capital of Myanmar until 2005 and served as such until 2006, when the State Peace and Dev ...

. MCB listed on

Yangon Stock Exchange The Yangon Stock Exchange (; abbreviated YSX) opened in December 2015, at the former Central Bank of Myanmar and Myawaddy Bank headquarters in Yangon. On 23 December 2014, two Japanese firms, Daiwa Institute of Research, the research arm of Dai ...

on 26 August 2016. The Myanmar Citizens Bank's head office is located at No.383, Mahar Bandula Road,

Kyauktada Township Kyauktada Township ( ) is the center of downtown Yangon, Myanmar. The township consists of nine wards, and shares borders with Botataung Township in the east, Seikkan Township and Yangon River in the south, Pabedan Township in the west and Mi ...

of Yangon. It has 56 Branches and 71

Automatic Teller Machines An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account ...

(ATMs) in 31 cities around Myanmar.

History

The bank was founded in 1992. The granted registration number of the company is (274/1991-92) and it was granted on 30^th October 1991. It is partly owned by Ministry of Commerce (Myanmar). And most of the shares of the company is believed to be owned by U Ko Ko Gyi. According to the company Annual Report 2024, some of top twenty shareholders for the year (2023-2024) are : Capital Financial Holding Ltd (22.3 %), Capital Diamond Star Group Ltd (15.1 %), Diamond Star Co., Ltd (8.9 %), Shwe Me Co., Ltd (8.0 %), Good Brothers Co., Ltd (5.7 %), Ministry of Commerce (Minister's Office) (4.8 %), Good Brothers Machineries Co., Ltd (4.1 %) and so on. Myanmar Citizens Bank - MCB has an authorized Capital of 75 Billion Kyats and Paid up Capital of 52 Billion Kyats in the fiscal year 2016-2017. MCB has 21 branches with 560 employee as of 2016 and increased up to 46 branches in 2021.

References

{{Reflist Banks of Myanmar Banks established in 1992 1992 establishments in Myanmar