Image Credit: Wikimedia Commons
AYA Bank was licensed by the Central Bank of Myanmar on 2 July 2010 and relicensed under the Financial Institutions Law 2016 as a full service universal bank.
The bank has grown rapidly over the past seven years to become the second largest in the country, with [265] branches, [1.4m customer], Kyat [4.7] trillion customer deposits and [150 billion] Shareholders’ Equity as at the end of September 2017.
Top 100 depositors represent about 6% of total deposits, underlining the general public’s confidence in the bank.
As a member of the UN Global Compact (UNGC), AYA Bank is committed to implement global standards in Corporate Governance and compliance best practices in its management and operations.
Consequently, since 2014-15, AYA Bank is the only bank in Myanmar to be IFRS compliant and the only one audited under International Standards of Auditing (ISA) by a big-four international firm.
