Singaporean sovereign wealth firm GIC Pte and Norwegian firm Norfund AS will invest in Yoma Bank, becoming the latest to take advantage of new finance rules that allow foreign firms to buy stakes in Myanmar financial institutions. GIC will buy 20 per
Singapore Stock Exchange-listed Yoma Strategic Holdings (YSH) has agreed to buy an additional 10% in Digital Money Myanmar (Wave Money) from Yangon-listed First Myanmar Investment (FMI) for USD 6 million. Wave Money is the largest mobile payment serv
Yangon-based Proximity Finance has signed a USD 3.28 million back-to-back funding agreement with Yoma Bank to support micro-lending for smallholder farmers, according to an article in Dealstreet Asia. “This back-to-back structure of funding will al
The International Finance Corporation (IFC) has become the first international investor in a Myanmar bank. The IFC now takes a five percent stake of Yoma Bank, a conversion of a previously agreed USD 5 million loan. The investment arm of the World Ba
Local online logistics firm Kargo has signed an SME loan agreement with Yoma Bank worth USD 130,000 (MMK 200 million). A press release said that the loan is aimed at resolving cash flow issues among small and medium enterprises (SMEs). The business m
Yoma Bank is to provide a loan of MMK 2.2 billion to Mahar Bawga Finance. The loan will allow the company to scale up and will be able to take on additional 5,000 customers. “This partnership highlights our ongoing commitment as Myanmar’s largest