Myanma Foreign Trade Bank |
Native name | မြန်မာ့နိုင်ငံခြားကုန်သွယ်မှုဘဏ် |
---|
Industry | Banking |
---|
Predecessor | State Commercial Bank (1954) |
---|
Founded | July 4, 1990 (1990-07-04) |
---|
Headquarters | No. 80-86, Mahabandoola Garden Street, Kyauktada Township, , |
---|
Website | www.mmftb.gov.mm |
---|
The Myanma Foreign Trade Bank (Burmese: မြန်မာ့နိုင်ငံခြားကုန်သွယ်မှုဘဏ်; abbreviated MFTB) is a state-owned bank specializing in foreign banking.[1] It provides trade finance and foreign exchange-related banking to the government, state enterprises, and the international community residing in Myanmar.[2] MFTB also manages Burma's official foreign currency reserves.[2] Until recent economic reforms, MFTB had a monopoly on foreign exchange and customer base.[2]
The bank was established under the Financial Institutions of Myanmar Law of 1990.[1]
References