Original disclosure @ IFC website
Updated in EWS Mar 25, 2020
Disclosed by Bank Mar 2, 2020
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According to bank documents, "the proposed project consists of an unfunded risk sharing facility (“RSF”) for a portfolio of loans to small and medium enterprises (“SMEs”) and very small enterprises (“VSEs”) to be originated by Yoma Bank Limited (the “Bank” or “Yoma Bank”) with 35 percent of the loans being targeted at women owned or managed SMEs or VSE.
The project is part of IFC’s Small Loan Guarantee Program (“SLGP” or “Program”) which is supported by the IDA18 IFC-MIGA Private Sector Window Blended Finance Facility which aims to enhance and strengthen the capacity of financial institutions (“FIs”) for risk taking and financing to SMEs and VSEs in IDA countries."
Yoma Bank is a private bank founded in July 1993 and is currently majority-owned by First Myanmar Investment Public Company Limited (“FMI”) with 48.4 percent shareholding and Yangon Land Co., Ltd with a 34.5 percent equity stake, both of which are controlled by Mr. Serge Pun.
FMI is an investment company primarily focusing on investing in financial services, real estate, healthcare and tourism sectors while Yangon Land Co., Ltd is a real estate development company.
The Government of Singapore Investment Corporation (“GIC”) is the third-largest shareholder with an equity stake of 8.2 percent while IFC has a shareholding of 5.1 percent. The balance of 3.8 percent is held by another minority shareholder, U Zaw Moe Khine.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||First Myanmar Investment Public Company Limited||Parent Company||-|
|-||-||-||-||The Government of Singapore Investment Corporation||Parent Company||-|
|-||-||-||-||Yangon Land Company Limited||Parent Company||-|
Yoma Bank Limited
Chief Executive Officer
+95 1 9345 255
HAGL Myanmar Center Tower, Kabar Aye Pagoda Road, Bahan TownshipYangon, Myanmar
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