Farmers Development Bank (FDB Bank) opens its first branch in Yangon

Farmers Development Bank – Mandalay (FDB Bank) has announced the opening of its first and new branch in Yangon at Shwe Bon Thar Street (Upper Block), Pabedan Township, to bring the convenience and ease of banking closer to Myanmar’s largest city. SMEs, corporations, and individuals will have access to a wide variety of financial services at FDB Bank.

FDB Bank will be providing the customers with a wide variety of services such as Domestic Remittance, Deposit, Loan, biometric ATM/CRM, debit card, payroll, Bank Guarantee, Premier Banking and other banking transaction services.

Photo Source https://www.facebook.com/FDBbankmm/

“All of us at FDB Bank are excited to provide the best services to meet the different needs of individuals and businesses who seek various services including deposit accounts and loan services. Currently, the type of accounts we provide are – Savings Account, Current Account, Call Deposit, and Fixed Deposit. FDB Bank also provides SME Loans and Commercial Term Loans for businesses, along with other types of loans such as Vehicle Loans and Staff Loans. The team is working on providing Home Loan, Green Financing Loan and Hire Purchase for agricultural equipment in the near future. In addition to these services, we are planning to launch Mobile Banking, iBanking, e-Wallet, International Money Transfer services and International Banking services in the near future.” said U Wai Phyoe Oo, Head of Wholesale and Retail Banking.

Photo Source https://www.facebook.com/FDBbankmm/

The first branch of FDB Bank opened at 84th Street, between 28th and 29th Street, Chan Aye Tharzan Township, Mandalay on 29th of December 2021. Our newly opened branch at Shwe Bon Thar Street (Upper Block), Pabedan Township, Yangon is the bank’s second branch. FDB Bank plans to open more branches next year in Yangon, Mandalay, Nay Pyi Taw, Meiktila, Mawlamyine, Myawaddy, Muse, Lashio, Pyin Oo Lwin, Myitkyina, Hpakant, Taunggyi, Tachileik, Bago, Pyay, Monywa, Magway, Dawai and Pathein. We aim to open more than 100 bank branches nationwide in the next 5 years.

FDB Bank is striving to give its best banking services to customers in accordance with our motto of “Digital Banking Excellence for You.” With the aim of contributing to the socio-economic development of the country, FDB Bank provides banking services using the best and most modern technologies. To support fast and transparent banking services to the clients, FDB Bank utilizes banking tools such as digital onboarding, biometrics registrations and automatic credit analytics.

Photo Source https://www.facebook.com/FDBbankmm/

Meanwhile, get lucky with FDB Bank’s Ngwe Latt promotion. FDB MPU Cardholders get the chance to win awesome prizes such as cash, phone top up and the latest iPhone 14! All you need to do is to use your MPU Debit Card at least 15 times for each purchase worth 10,000Ks or at least 3 times for each purchase worth 100,000Ks within the 3 months promotion period.

For more information on the latest news and exclusive promotions, follow FDB’s Facebook page: https://www.facebook.com/FDBbankmm/ and LinkedIn page: https://www.linkedin.com/company/fdb-bank/ for more information.