About Our Company

Myanmar Oriental Bank Limited was incorporated as a private limited bank under the Financial Institutions of Myanmar Law and started its operations on November 18, 1993. Its founding members were prominent bankers retired from state-owned banks, family members holding most shares, their close friends, and relatives from the business circle. Over the past 30 years, the bank has played an important role with stability and success of domestic banking in Myanmar by contributing its efficient and reliable banking services and promoting financial intermediation in the country. The bank accepts foreign currencies (USD,EUR, SGD, THB, CNY) as current accounts and Myanmar Kyat as Current, Call, Savings, and Fixed deposits within its present banking network of 49 branches across the country. Inaddition, the bank also provides banking facilities and other financial assistance to its customers in the form of commercial loans, trustee, remittance services, and mobile banking services. Upon approval from the Central Bank of Myanmar, the bank was among the first few selected financial institutions that were allowed to deal in foreign currencies and international banking. It was among the first batch of six private banks to be permitted to open currency exchange counters in the country. The bank has now opened 20 currency exchange counters in the commercial cities of Yangon and other business hub areas. As a leading member of the Myanmar Payment Union, the bank has introduced ATM and POS debit card and credit card facilities for the promotion of electronic payment systems in the country. The bank has developed an overseas network by establishing corresponding banking relationships with 30 banks in local and 57 banks in worldwide. The bank has also signed a partnership agreement with Western Union through which customers could transfer funds using its affiliated network from/to over a hundred countries from/to the bank. Apart from its core banking business, MOB established the Oriental Leasing Company Limited (OLCL), as a subsidiary, extending financial assistance to its customers in acquiring their household and other durable consumer items. The bank owns 99% of the company’s share capital.