Yoma Equity (IFC-34178)

  • 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
  • International Finance Corporation (IFC)
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.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 16, 2019

Disclosed by Bank May 8, 2014

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Project Description

Established in 1993, Yoma Bank Limited (“Yoma Bank” or the “Bank”) is one of Myanmar’s leading commercial banks. The Bank’s main current activities are domestic remittance business and financial services.

IFC investment project will support Yoma Bank’s SME financing program, which would in turn increase access to finance for SMEs in Myanmar.

People Affected By This Project

(i) Contribute to the Development of the Financial Sector in Myanmar: At present, access to financial services in Myanmar is extremely limited. IFC''s engagement with Yoma Bank will help to develop a strong financial institution that can provide a demonstration effect for good banking practices.

(ii) Increased Access to Financing for SMEs: Limited access to finance is considered a key constraint to private sector growth. By supporting the development of the SME lending capacity of a local bank, the investment will support SMEs and will have a positive impact on economic activity in Myanmar.

Investment Description
  • International Finance Corporation (IFC)

The total project cost is estimated at up to US$30 million. The proposed IFC investment is a financial package of up to US$30 million, consisting of (i) quasi-equity; (ii) senior loan; and (iii) trade finance through IFC Global Trade Finance Program (“GTFP”).

Private Actors

Yoma Bank is Myanmar's private bank, with 79 branches in 42 cities nationwide. Over the past few years, Yoma Bank has made significant investments in strategic priorities - people, corporate governance, and technology. The Bank was founded by Mr. Serge Pun and its first branch was opened in July 1993. It is headquartered in Yangon, Myanmar.

Yoma Bank’s sponsor is Mr. Serge Pun whose diversified businesses interests include real estate, financial services, distribution, tourism, civil aviation and retail. Mr. Serge Pun owns majority shareholding in Yoma Bank through his affiliated companies.

The shareholders of Yoma Bank include Yangon Land Company Limited (60.4%); First Myanmar Investment Co., Ltd. (35.6%) and Mr. U Zaw Moe Khaing (4%).

Contact Information


Mr. Han Bosher
Special Advisor to the Chairman and CEO
Yoma Bank Limited
FMI Center, 606-610, 6F
380 Bogyoke Aung San Road
Pabedan Township, Yangon
Telephone: +951245903
Fax: +951245684



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