uab bank wins Myanmar’s best bank award in 2020 from Euromoney again

uab bank wins Myanmar’s best bank award again from Euromoney at the annual honorable Euromoney Award for Excellence in 2020. uab bank, which was recognized as Myanmar’s best bank in 2019, was also awarded the second time in 2020.

The Euromoney Awards for Excellence is an annual event that recognizes the world’s best bank. It is also an award that recognizes individuals and organizations who are excellent at breakthrough, innovation, and leadership in their respective sections.

Net profit for the 2019 fiscal year doubled over the last year. As total income, 35%, deposits 10.8%, and bank-s loan book 12.8% increased, profit set a record to 13.6 billion kyats (about 10 million USD). On 30th September 2019, return on equity (ROE) and ownership jumped by 18.5% and 1.2% respectively. Last year, the Capital Adequacy ratio of uab bank increased from 7.9% to 9% and remained at the highest stage in the industrial sector. Photo Source https://www.uab.com.mm/

In February 2020, uab bank held the grand opening ceremony of its new head office at uab tower @Time City which boasts of open workspace promoting innovation and magnificent building. Additionally, an annual report which reflects its candid guarantee demonstrating Leading Change and Strong Corporate Governance has been fully published. uab bank has been the only bank in Myanmar that has published the annual report.

“We are very proud of being recognized from Euromoney as Myanmar’s best bank award of 2020. We will continue to build a solid foundation that transforms our banking operations through challenges and competitions. Moreover, we fully invest in fintech to preserve the financial statements which are the key point for the award and launch the first celebrity App – SaiSai Pay and uabpay+ which is the basics for our digital ecosystem. We all are glad to win Myanmar’s best bank award on two consecutive years. We will continue to maintain uab bank as Leading Change and humanizing banking in Myanmar” said MD and CEO of uab bank, Christopher Loh.

Photo Source https://www.uab.com.mm/

uab bank is the leading bank in Myanmar’s Market which was appreciated its transformation and leadership among changing regulations and techniques in Myanmar banking operations. Because uab bank was recognized as Myanmar’s best bank by Euromoney, as Mid-sized Domestic Retail Bank of the Year by Asian Banking and Finance, as no.1 Myanmar Centre for Responsible Business in Corporate Governance Disclosure presented by Pwint Thit Sa(TiME) report.

uab bank was established in 2010 and extended 78branches in 47 townships in Myanmar. We are now serving essential services such as Consumer Banking, Premier Banking SME Banking, Corporate Banking, Trade Finance, and Treasure Devices in accordance with customer needs. Through uab branch “uab services”, we offer Brokerage Services and Services concerning Corporate Market.

We believe in leading the way to a brighter future for Myanmar, intending to the public benefit, connecting with each other, creating opportunities, and changing the better life. In 2017 December, uab bank took “Be The Change Myanmar” initiative and took precedence over women’s and children’s empowerment that will drive the better life for Myanmar. In the future, we believe uab bank will carry out for our society responsibly.

For more details, please visit the website https://www.uab.com.mm/.