Yoma Equity (IFC-34178)

  • 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
  • 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
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."
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 10.00 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.
Project Cost (USD)
$ 30.00 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 @ IFC website

Updated in EWS Apr 5, 2022

Disclosed by Bank May 8, 2014

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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.

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
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a 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
Here you can find a list of individual development financial institutions that finance the project.

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 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.

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
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.


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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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 CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

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