Co-operative Bank Ltd. (MIGA-1404)

  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
  • Myanmar
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 1, 2015
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 14.30 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ MIGA website

Updated in EWS Apr 5, 2022

Disclosed by Bank Mar 17, 2015

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed 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
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

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
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.


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

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