Yoma Bank

South Asia

As ‘the Responsible Bank’ for over 28 years, Yoma Bank has been the fastest developing private bank in Myanmar. By strategically investing into Myanmar people, technology and governance, Yoma Bank has developed a trusted reputation within the community, which has been an essential part of establishing local and international partnerships to progressively move forward. Yoma Bank was the first local bank in Myanmar to welcome a foreign financial institution as its shareholder International Finance Corporation (IFC) converted investment loans in 2014 to equity on May 2019. As an affiliate of GIC, Greenwood Capital Pte Ltd, and Norfund have acquired stakes in Yoma Bank in early 2020 with total transactions is approximately MMK 130 Billion. 

Yoma Bank makes several business offers such as business loans, bussiness overdraft, and micro finances.

Inclusive Business Model

Yoma Bank is an interesting inclusive business model which posts strong commercial returns and that targets better-off farmers but achieves social impact for low-income groups. While overall reach is high, the actual depth of 
social impact through increases in income for poor farmers could be enhanced by applying innovations in sub-letting the equipment. The business could perhaps be classified as an inclusive business model, although its targeting of people with low income needs improvement.