UAB Bank

What UAB Bank does

uab bank (legally uab bank Public Company Limited) is a Myanmar-incorporated full-service commercial bank founded in 2010 and headquartered at uab Tower, Times City, Kamayut Township, Yangon. The bank operates 87+ branches across 56 townships in Myanmar, complemented by an airport FX counter, an ATM network, a uabpay Master Agent and Agent Network, and wholly-owned subsidiary uab securities for brokerage, advisory, and investment banking. It serves Personal/Retail, Corporate, SME (with dedicated MSME and SME Solar Loan up to MMK 1 billion), Treasury and Financial Institutions, and Underserved customer segments through a hybrid physical-plus-digital GTM, employing 501-1,000 staff.

The bank's product platform spans deposit products (Savings at 8-10%, Fixed Deposit up to 12%, Call Deposit 7%, Zeegwat 8%, plus Seamen and Kyee Pwar Chan Thar plans), lending products (secured 12-14%, unsecured 14.5-15% covering personal, home, auto, education, salary, hire purchase, and corporate/SME needs), a multi-network card portfolio (uab Visa Platinum, Visa Gold, Gift Cards, MAI co-brand, SGH co-brand, MPU-UnionPay Debit, Multi-Currency Prepaid), Manulife bancassurance, treasury services (FX in five currencies, hedging, money market, correspondent banking), transaction banking (trade finance, cash management, payroll, bill payments, SMS alerts), merchant acquiring via uab POS terminals accepting five card networks, and custodial safe deposit boxes. Digital distribution is delivered through uabpay (mobile wallet with biometric login, QR payments, P2P, bill pay), uab Mobile, and uab Online Banking, all running on a Centralised Core Banking System.

Revenue is generated through net interest income on the deposit-lending spread, transaction fees on card issuance and acquiring, interchange fees, FX spreads and fees, bancassurance commissions from Manulife, safe-deposit-box rentals, remittance fees via Western Union/Ria/Krung Thai, brokerage and investment-banking fees from uab securities, and digital wallet transaction fees under tiered KYC limits. The bank monetises a sustainability franchise — MMK 1.5 trillion in sustainable financing, a public Non-Financial Activity framework, and the ESGpedia-powered Sustainability Tool — alongside a CSR franchise anchored by the 2020-launched uab Foundation and the 2017 Be The Change Myanmar initiative. It is a four-time Global Finance Best Bank in Myanmar (2021, 2023, 2024, 2025), three-time Euromoney Best Bank in Myanmar (2019, 2020, 2022), No.1 in the Pwint Thit Sa Report (2020, 2022, 2024), and Best Institution for Sustainable Finance – Myanmar 2025.

Name

UAB Bank

Legal name

uab bank Public Company Limited

Website

https://uab.com.mm

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

501–1,000 employees

Short description

UAB Bank is a Myanmar-incorporated full-service commercial bank founded in 2010, serving retail, corporate, SME, treasury, and underbanked customers through 87+ branches across 56 townships, a uabpay agent and digital wallet network, and a wholly-owned securities subsidiary.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), Miscellaneous Business Credit Institution (6159)

akta.pro industry

PRIMARYFSABAAAH

Student & Youth Banking

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Retail Banking

SECONDARYFSABAGAB

Islamic SME & Commercial Banking

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Islamic Banking

SECONDARYFSABAGAF

Islamic Transaction Banking (Cash Management & Treasury Services)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Islamic Banking

Keywords

• Retail banking
• Corporate banking
• Digital payments
• Treasury services
• Investment banking

Headquarters

HQ city

Yangon

HQ country

Myanmar (Burma)

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Net interest income from lending: Interest earned on personal, SME, corporate, trade and investment loans priced on a risk-based spread (secured loans 12%-14% p.a., unsecured 14.5%-15% p.a.) against deposit funding costs.
2. FX and treasury revenue: Spread and fees on foreign exchange trading (USD, EUR, SGD, THB, CNY), money market activity, hedging and correspondent-bank trade services, with branch and online FX counters in Myanmar.
3. Card issuance, acquiring and interchange: Annual/interchange fees on uab Visa credit cards (Platinum, Gold, Gift, Personalised, Multi-Currency Prepaid, MPU-UnionPay debit, MAI co-branded, Sein Gay Har co-branded) plus merchant acquiring via uab POS terminals accepting VISA, Mastercard, UnionPay, JCB and MPU.
4. Bancassurance distribution fees: Commission on distribution of Manulife life and critical-illness insurance products (Education Life, Protector, Credit Life Protector, Critical Illness Care) through the bank's branch and digital channels.
5. Safe Deposit Box rental: Recurring annual rental income from safe deposit boxes in three sizes (3×10×21 from 100,000 MMK, 5×10×21 from 200,000 MMK, 10×10×21 from 400,000 MMK) plus key deposits and access fees.
6. International remittance fees: Transaction-based fees on inbound international remittances routed via Western Union, Ria, Krung Thai and other remittance partners.
7. Transaction banking & trade finance fees: Fees and commissions on cash management, payroll services, SMS alerts, shipping guarantees, letters of credit/guarantee, telgraphic transfers and supply chain finance.
8. Investment banking and securities fees: Brokerage, corporate and financial advisory, investment banking and capital market fees earned by subsidiary uab securities.
9. uabpay wallet and digital banking fees: Fees on uabpay wallet transactions, cardless withdrawals and bill-payment services within tiered KYC limits.

Pricing tiers

Go-to-market motion6 records

Distribution channels8 records

Marketing channels8 records

Core offering

UAB Bank is a full-service commercial bank in Myanmar offering deposits, secured and unsecured personal and corporate loans, debit and credit cards, digital payments via the uabpay mobile wallet, treasury and trade finance, investment banking through its uab securities subsidiary, bancassurance distribution, and merchant acquiring. It serves retail consumers, SMEs, large corporates and the underbanked population through 87+ branches across 56 townships, an agent network, and digital channels.

Product overview

uab bank operates a platform-plus-modules architecture spanning retail, corporate, and digital banking in Myanmar. The core deposit platform includes Current Account, Savings Account, uab zeegwat, Fixed Deposit, Call Deposit, and the branded Kyee Pwar Chan Thar retail savings plan. The digital wallet and mobile banking layer comprises uabpay (with uabpay+ agent network for cash-in/cash-out and cardless withdrawal), uab Mobile, and uab Online Banking. The card portfolio spans uab Visa Platinum and uab Visa Gold credit cards, the uab Visa Gift Card and uab Personalised Visa Gift Card, the co-branded MAI - uab Visa Card, the Sein Gay Har - uab MPU-UnionPay Debit Card, the uab Multi-Currency Visa Prepaid Card, the uab MPU-UnionPay Debit Card, and the uab MPU-UnionPay Couple Card. Personal and corporate lending is offered through Home Loan, Construction Loan, Renovation Loan, Auto Loan, Personal Loan, Corporate Salary Loan, Education Loan, Loan Against Property, Loan Against Listed Shares, Hire Purchase, Facility against deposits, Rental Discounting, Salary Advanced Financing, plus SME offerings (MSME Loan, Solar Loan, Working Capital Loan, Term Loan) and corporate lending products. Insurance is distributed through bancassurance products from Manulife (Manulife Education Life, Manulife Protector, Manulife Credit Life Protector, Manulife Critical Illness Care). Treasury and transaction banking cover Foreign Exchange, Hedging, Money Market, Cash Management Services, Trade Finance, Bill Payments, Payroll Services, and SMS Alert Service. Merchant services are enabled via the uab POS acquiring platform. The bank also offers Safe Deposit Box custody, the uab retail e-commerce store, the uab Securities subsidiary for Securities Trading and Investment Banking, the uab Young Executive Program under the uab academy, and the ESGpedia-powered uab bank Sustainability Tool for ESG assessment. International money transfers are delivered through partnerships with Western Union, RIA, and Krung Thai.

Differentiator

Problem solved

Functional benefit

Brands

• uabpay: Next-generation digital wallet and mobile payment application allowing users in Myanmar to send, receive, and make payments, manage other wallets and accounts, with biometric login and QR code payments.
• uabpay+

Products and services

• uabpay Mobile digital wallet application that consolidates other wallets and bank accounts, supports QR-code merchant payments, fund transfers, bill payments, biometric login, cardless withdrawal and credit-card repayment.
• uab Mobile Mobile banking application that enables retail and corporate customers to access accounts and execute transactions 24/7.
• uab Online Banking Web-based online banking platform providing anytime account management and transactional services to retail and corporate customers.
• uabpay+ Agent Network Master-Agent and Agent distribution network delivering account opening, fund transfers, bill payment and digital wallet services on behalf of uab bank across Myanmar, targeting unbanked and underbanked customers.
• uab Savings Account Retail savings deposit account paying 8%-10% interest p.a., with bonus interest available under a regular-instalment savings plan.
• uab Fixed Deposit Term deposit product with tenors from 30 days to 1 year paying 10.50%-12.00% interest p.a.
• Kyee Pwar Chan Thar Branded retail savings plan product promoted on the uab bank homepage.
• uab Call Deposit On-demand deposit product paying 7% interest p.a.
• uab Current Account Standard transactional deposit account for businesses and individuals, supported by relationship managers.
• uab Home Loan Secured retail loan product for residential property purchase.
• uab Auto Loan Retail loan product for vehicle purchase.
• uab Personal Loan Unsecured retail personal loan for individual borrowers.
• uab Corporate Salary Loan Salary-backed loan product for employees of corporate partner organisations.
• uab Visa Platinum Credit Card Premium Visa credit card offering lounge access, exclusive uab discounts up to 30%, and worldwide Visa acceptance in over 160 countries.
• uab Visa Gold Credit Card Mid-tier Visa credit card with real-time transaction visibility and global Visa acceptance.
• uab MPU-UnionPay Debit Card Standard debit card issued on the MPU-UnionPay network, instant-issued on opening an uab bank account, with worldwide UnionPay acceptance.
• uab Multi-Currency Visa Prepaid Card Prepaid Visa card available in MMK and USD, free easy top-up via uab Mobile, and worldwide Visa offers.
• uab Visa Gift Card Prepaid Visa gift card for birthdays, holidays and weddings, registerable via the uabpay app.
• MAI - uab Visa Card Co-branded Visa card with MAI providing a premium alternative to conventional payment methods for travellers.
• Manulife Education Life Manulife life-insurance product distributed by uab bank, focused on education savings and protection for children.
• Manulife Protector Manulife life-protection insurance product distributed by uab bank.
• Manulife Critical Illness Care Manulife critical-illness insurance product distributed by uab bank, providing lump-sum payout on diagnosis of covered conditions.
• uab Safe Deposit Box Custodial safe deposit box service offered at the Kamaryut (Times City) branch in Yangon, available 7 days a week with paperless application via uabpay+ and facial-scan entry.
• uab Point of Sale (uab POS) POS acquiring service enabling merchants in Myanmar to accept five major card networks — Visa, Mastercard, UnionPay, JCB and MPU — at uab POS terminals.
• uab Corporate Banking Full range of business banking solutions for corporates with dedicated Relationship Managers, covering deposits, loans, investment loans and trade loans.
• uab MSME Loan Loan product for Micro, Small and Medium-sized Enterprises to unlock business potential.
• uab Solar Loan SME financing product providing up to MMK 1 billion for clean energy upgrades, supporting the bank's sustainability financing focus.
• uab Working Capital Loan Short-term SME loan product to finance everyday business operations and cash flow needs.
• uab Foreign Exchange Treasury foreign exchange service including FX online trading for exporters/importers and currency exchange counters at Yangon branches and Yangon International Airport.
• uab Hedging Treasury hedging service to manage currency and interest rate risk for corporate clients.
• uab Transaction Banking Transaction banking suite covering trade finance, supply-chain finance, cash management, international money transfer and trade loans.
• International Remittance Services Inbound international remittance services distributed in Myanmar via partnerships with Western Union, Ria Money Transfer and Krung Thai Money Transfer.
• uab Securities Subsidiary brokerage, corporate and financial advisory, investment banking, and capital-markets activities, distinct from core commercial banking.
• uab bank Sustainability Tool Free digital platform co-developed with ESGpedia enabling Myanmar enterprises to benchmark sustainability readiness against UN SDG-aligned pillars and earn ESBN Green Deal recognition badges.
• uab Bill Payments Cashless bill payment service allowing customers to settle billing organisations through their bank account, uab Mobile or uab Online.
• uab Payroll Services Corporate payroll service paying employees through uab payroll accounts linked to Savings/e-Savings accounts, debit cards, uab Mobile and uab Online facilities.

Quantifiable outcome

• MMK 1.5 trillion in sustainable financing portfolio
• +5 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability3 records

Feature6 records

Partnerships

18 partnerships are on record, tiered core, major and minor.

• ManulifecoreChannel Partner/ Reseller/ DistributorBancassurance distribution partnership through which uab bank distributes Manulife life and critical-illness insurance products including Manulife Education Life, Manulife Protector, Manulife Credit Life Protector and Manulife Critical Illness Care. Customers can contact [email protected] for details.
• VisacoreTechnology or IntegrationCard network partnership underpinning uab Visa Platinum, uab Visa Gold, uab Visa Gift Card, uab Personalised Visa Gift Card, uab Multi-Currency Visa Prepaid Card and global acceptance at any Visa outlet in over 160 countries; co-marketed campaigns on Agoda, Booking.com, IHG, Tom N Toms Coffee and Air Asia.
• UnionPaycoreTechnology or IntegrationCard network partnership behind the uab MPU-UnionPay Debit Card and the co-branded Sein Gay Har - uab MPU-UnionPay Debit Card, enabling worldwide UnionPay acceptance including DFS, Agoda and Saudi Arabia UnionPay promotions.
• MPU (Myanmar Payment Union)coreTechnology or IntegrationDomestic card scheme partnership enabling the uab MPU-UnionPay Debit Card, uab MPU-UnionPay Couple Card and the MAI - uab Visa Card, accepted locally and through international networks.
• MastercardmajorTechnology or IntegrationCard acceptance partnership enabling uab POS terminals to accept Mastercard alongside VISA, UnionPay, JCB and MPU.
• JCBmajorTechnology or IntegrationCard acceptance partnership enabling uab POS terminals to accept JCB card payments alongside VISA, Mastercard, UnionPay and MPU.
• Western UnioncoreChannel Partner/ Reseller/ DistributorInternational money transfer distribution partnership enabling inbound remittances to Myanmar via uab bank branches and personal banking channels.
• Ria Money TransfermajorChannel Partner/ Reseller/ DistributorInternational money transfer partnership bundled with Western Union and Krung Thai for inbound remittances.
• Krung Thai Bank (Money Transfer)majorChannel Partner/ Reseller/ DistributorInternational money transfer partnership complementing Western Union and Ria for cross-border remittances into Myanmar.
• WWF (World Wide Fund for Nature / World Wildlife Fund)coreStrategic or Co-development PartnerMemorandum of Understanding with WWF to develop and implement the bank's ESG Policy as a proactive approach to environmental and social challenges.
• ESGpediamajorStrategic or Co-development PartnerCo-development of the uab bank Sustainability Tool (uabbank.esgpedia.io) for enterprises to benchmark sustainability readiness, leveraging ESGpedia's ESBN Green Deal digital platform and Green/Silver/Gold recognition badges.
• ESCAP Sustainable Business Network (ESBN) / United NationsmajorStrategic or Co-development PartnerUnited Nations initiative connecting Asia-Pacific businesses on sustainable development and the UN 2030 Agenda; powers the ESBN Green Deal badges surfaced via the uab bank Sustainability Tool.
• United Nations Global CompactmajorStrategic or Co-development Partneruab bank adheres to the Ten Principles of the UN Global Compact covering human rights, labour, environment and anti-corruption, and to the UN Principles for Responsible Banking and UN Guiding Principles on Business and Human Rights.
• United Nations Environment Programme (UNEP)majorStrategic or Co-development Partneruab bank adheres to the UNEP Statement of Commitment by Financial Institutions on Sustainable Development as part of its sustainability framework.
• MAI (Myanmar Airways International)majorStrategic or Co-development PartnerCo-branded MAI - uab Visa Card offering a superior and convenient alternative to conventional payment methods for travellers.
• Sein Gay Har (SGH)minorStrategic or Co-development PartnerCo-branded Sein Gay Har - uab MPU-UnionPay Debit Card linked to the SGH Plus app to enhance customer lifestyle benefits.
• Myanmar Banks Association (MBA)coreOthersMember of MBA and its Prudential/AML-CFT/Fraud/Risk Committee (re-organised October 2021) and contributor to MBA's AML/CFT training programmes, AML policy development and information-sharing on proliferation and sanctions compliance.
• NUAC (National United Alumni of Craftspeople of Myanmar)minorGTM or Marketing PartnerCollaboration with NUAC on the uab bank 2025 and 2026 Calendar projects highlighting Myanmar's craft heritage under the Be The Change program.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Myawaddy Bank: Myawaddy Bank is a Myanmar private commercial bank serving retail, SME and corporate clients with deposits, loans and FX services. Comparable to uab bank as a domestic Myanmar commercial banking franchise targeting similar segments.
• KBZ Bank: Kanbawza Bank is the largest private commercial bank in Myanmar, offering retail, corporate and digital banking services across a national branch and agent network. Directly comparable to uab bank in product breadth, customer segments (retail/SME/corporate), and Myanmar-only geographic footprint.
• CB Bank (Co-operative Bank): CB Bank is a Myanmar private commercial bank offering retail, SME and corporate banking, foreign exchange and digital channels. Closely comparable to uab bank on domestic branch-led commercial banking and FX/treasury services.
• Yoma Bank: Yoma Bank is a Myanmar private commercial bank with retail, corporate, SME and treasury offerings plus digital banking. Directly comparable to uab bank across customer segments, product mix and Myanmar-only geographic concentration.
• AYA Bank: AYA Bank is one of Myanmar's largest private commercial banks, providing deposits, loans, cards, treasury and digital banking to retail and corporate clients. Highly comparable to uab bank on full-service commercial banking and Myanmar-only coverage.

Broad incumbents

• Standard Chartered (Myanmar): Standard Chartered operates a Myanmar franchise serving corporate, institutional and affluent retail clients with trade finance, FX and transaction banking. Comparable to uab bank's corporate/treasury franchise but as part of a much larger global banking group rather than a Myanmar specialist.
• OCBC Bank (Myanmar): OCBC has a Myanmar branch presence focusing on corporate, SME and transaction banking with cross-border trade and remittance capabilities. Overlaps with uab bank's corporate banking and FX/treasury offerings but operates as part of a larger Singapore-headquartered regional banking group.

Regional players

• Bangkok Bank (Myanmar): Bangkok Bank operates a representative office and Myanmar presence focused on corporate, trade finance and cross-border Thai–Myanmar flows. Comparable to uab's corporate, treasury and cross-border remittance businesses but as a Thai-headquartered regional player rather than a Myanmar-domestic franchise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/uabbankmm
• Xx.com/uabbankmm
• LinkedInlinkedin.com/company/uabbank

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UAB Bank