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လုံခြုံစိတ်ချ မှန်ကန် မြန်ဆန် SMIDB Bank


Profile of SMID Bank

Full Name   : Small & Medium Industrial Development Bank Limited
Abbreviated Name   : SMID Bank
Regulator   : The Central Bank of Myanmar
Business Registration   : Ma Va Ba/P-14(1) 96
Date of Establishment   : February 15, 1996
Year of Privatization   : 2015
Banking Experiences   : 23 years
Type of Company   : Public Limited Company
Board of Directors  
No.   Name   Position
1   Dr.Khin Shwe   Patron
2   U Tint San   Patron
3   Thura U Thaung Lwin   Patrons
4   Daw San San Yi   President
5   U Thwin Myint Maung   Vice-President (1)
6   U Zay Thiha   Vice-President (2)
7   U Sein Thit   Vice-President (3)
8   U Thiha Aung   Director
9   U Hla Myo   Director
10   Daw Than Than   Director
11   Dr. Zay Yar Nyunt   CEO
12   U Kyaw Kyaw Soe   Director
13   U Tin Aung Than   Director
14   U Nyein Kyaw   Director
15   U Than Kyaw   Director
16   Dr.Nyan Thit Hlaing   Directors
Owner   : All Shares are owned by Private Individual shareholders
Owner’s Equity   : MMK 44521.23 Million
External Auditor   :U Myat Noe Aung Audit Team
Number of ATM   : 8
Number of branches   : 19
Number of employees   : 460
Number of Shareholders   : 832
Contact No.   : (95-1) 2302418, (95-1) 2302388
Mailing Address   :
Website   :
Address   : No (298), Corner of Anawrahtar Road & Wardan Street, Lanmadaw Township Yangon, Myanmar
Correspondent Banks   : 1) United Overseas Bank (UOB) (Singapore)
    2) United Bank of India (UBI) (India)
    3) Overseas Chinese Banking Cooperation (OCBC) (Singapore)
    4) Maybank (Malaysia)
    5) Bank of Ayudhya Public Company Ltd. (Thailand) (Krungsri Bank)
Motto   : Satisfaction
Vision   : To become a leading bank in SME financing
Mission   To support SME financially
    To extend technical support
    To provide good customer service

Introduction of SMID Bank

Incorporated as a public limited company under the auspices of the Ministry of Industry, the Small & Medium Industrial Development Bank (SMID Bank) started its operations on February 15, 1996 as semi government bank. In 2015, the bank has been reformed as an independent bank fully managed by Board of Directors chosen by shareholders. The main objective of establishing the bank is to provide financial and technical assistance to SMEs in the country.

As the only bank in the country focused on SME, the bank endeavors to finance particularly the production sector. With the coordinated initiative of the Ministries of Industry and Finance, the bank has had the privilege of a credit line from the state-owned Myanmar Economic Bank (MEB). The bank offers subsidized SME loans with very reasonable interest rates to its customers to support the development goals of creating job opportunities and poverty alleviation.

SMEs are the backbone of the economy and play a vital role for the development of the country. However, SMEs themselves have major challenges such as lack of access to finance, market information, modern technology, technical assistance and others. Therefore, SMID Bank considers that financial support is merely a single dimension for SME development and needs to extend technical assistance.

In Myanmar, GIZ, which supports the German Government in achieving its objectives in the field of international cooperation for sustainable development, is implementing the projects to extend technical assistance in the following sectors:

1) Financial Sector Development (FSD)
2) Private Sector Development (PSD)
3) Vocational Training Development (VTD)

With the support of the German Government, GIZ has proposed to local banks to cooperate in technical assistance. SMID Bank had been selected as one of the pilot banks and GIZ and those banks signed an MOU in January 2014. The term is from April 2014 to September 2015. According to the MOU, a long term international technical expert resides at SMID Bank supported by short term experts. Observing banking practices, meeting with customers, introduction of new institutional settings and various trainings to understand good international banking practices are being implemented by those experts.

On the other hand, SMID Bank is a Financial Institution and works very closely with its customers from the private sector. Additionally, SMID Bank always tries to offer good services to its customers and understands that capacity building significantly contributes to the development of every sector. For these reasons, SMID Bank plans to conduct training courses to its valued customers to share the know-how recently acquired from GIZ. Through its cooperation with GIZ and its customers, SMID Bank would like to pave the way for win-win solutions for all parties involved.

SMID Bank feels committed to the responsible finance concept. As such, the bank

- selects its borrowers in a transparent credit selection process
- makes adequate assessment of clients' repayment capabilities,
- measures social performance and
- provides respective trainings to its customers and staff members.