Co-operative Bank Ltd. (MIGA-1404)

  • East Asia and Pacific
Where the impacts of the investment may be experienced.
  • Myanmar
Where the impacts of the investment may be experienced.
Financial Institutions
  • Multilateral Investment Guarantee Agency (MIGA)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 1, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
The holder of the loan, grant, or other investment.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 14.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ MIGA website

Updated in EWS Sep 16, 2019

Disclosed by Bank Mar 17, 2015

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Project Description

The Bank of Tokyo-Mitsubishi UFJ, Ltd.(BTMU) of Japan has applied for a MIGA guarantee of up to $14.3 million for a period of up to six years against the risks of transfer restriction, expropriation, and war and civil disturbance. The non-shareholder loan being provided by BTMU will finance the expansion of CB Bank in Myanmar. BTMU entered into strategic alliance with CB Bank in December 2012 and will provide the loan to increase lending to small and medium enterprises SMEs

This project involves MIGA coverage of a non-shareholder to CB Bank to be used for onlending to SME clients. CB Bank's portfolio is largely short-term corporate loan and short-term exposure to SMEs mainly in trade and wholesale (over 70 percent). The environmental and social risks and impacts associated with the portfolio are considered few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures. The project is a category FI-2 under MIGA’s Policy on Environmental and Social Sustainability. CB Bank will be required to screen projects against MIGA’s Exclusion List, national environmental and social laws and regulations, and MIGA’s Performance Standards for corporate portfolio.

Investor Country: Japan

Investment Description
Private Actors Description

MUFG Bank, Ltd. (The Bank of Tokyo-Mitsubishi UFJ or BTMU) is the largest bank in Japan and key operating bank of Mitsubishi UFJ Financial Group, one of the world's largest and most diversified financial groups. BTMU's services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and many more fields of financial services.

Co-operative Bank Ltd. (CB Bank) currently operates 76 branches and has plans to expand to 200 branches nationwide within the next three to five years in Myanmar.

Contact Information


The Bank of Tokyo-Mitsubishi UFJ, Ltd.

2nd Floor, Union Financial Centre, Corner of Maharbandoola Road and Thein Phyu Road, Bohtataung Township, Yangon, Republic of the Union of Myanmar

TEL: 95-1-861-0371
FAX: 95-1-861-0384



Co-operative Bank Ltd.

Head Office

Phone : (95-1) 231 7999 (Weekdays: 9:30am to 4:30pm)

Fax     : ‎‎(95-1) 231 7979 (Weekdays: 9:30am to 4:30pm)



The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at