uab (formerly known as United Amara Bank) is a private commercial bank in Myanmar .
4-627: Uab 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. uab bank has a network of over 79 branches in 53 townships across Myanmar. Christopher Loh is the CEO of the bank. The bank is majority owned by Ne Aung, the son of Aung Thaung , who has been blacklisted by the United States Treasury on 31 October 2014 for his membership in
8-408: A financial vehicle for MEC's subsidiaries and affiliates. Innwa Bank is wholly owned by MEC, which is in turn, owned by the government. Military authorities control the bank's management. In November 2022, Distributed Denial of Secrets published leaked documents from Innwa Bank. The leaks showed that major international banks, including ANZ , continued to do business with Myanmar's military after
12-734: The country's ruling military junta, the State Peace and Development Council and his attempts to undermine Burma 's economic and political reforms. In 2016, uab bank and Asian Development Bank signed a trade finance agreement to support businesses in Myanmar. In 2017, uab bank launched Visa -branded credit cards in Myanmar to cater to the demand for electronic payments in the country. uab bank and Global Star Co. Ltd. partnered with Huawei to distribute solar energy products in Myanmar. Global Banking & Finance Awards gave uab bank, Best Banking CEO Myanmar award in 2019. In 2022, uab bank
16-696: Was given Best bank in Myanmar award by The Euromoney Awards for Excellence . Innwa Bank Innwa Bank Limited ( Burmese : အင်းဝဘဏ်လီမိတက် ) is a private commercial bank in Burma (Myanmar). Innwa Bank was founded by the Myanmar Economic Corporation (MEC) in 1997, a major conglomerate owned by serving and retired military officers of the Tatmadaw , affiliated with the Myanmar Ministry of Defence . The bank serves as
#940059