Myanmar Citizens Bank

What Myanmar Citizens Bank does

Myanmar Citizens Bank (MCB) is a diversified commercial bank headquartered in Yangon, Myanmar, founded in 1992 and listed on the Yangon Stock Exchange as the first publicly traded bank in the country. The bank operates across four primary business segments — Personal/Retail Banking, SME Banking, Corporate Banking, and International Banking/Remittance — serving individual consumers, small and medium enterprises, large corporations, government entities, and overseas Myanmar workers. MCB distributes its products through a multi-channel network comprising 60+ branches across Myanmar (Yangon, Mandalay, Nay Pyi Taw, and other cities), an mBanking mobile application delivered via the CTZPay platform, an internet banking portal, an ATM network, and money changer counters at border and central locations.

The bank's product portfolio spans deposit products (Savings, Current, Flexi Call Deposit, PoeToe Fixed Deposit, Remit Savings, Seafarer Savings) with interest rates up to 9.5% p.a. for overseas-worker accounts and 12% p.a. for fixed deposits; consumer and SME loans (Home Loan, Auto Loan/Hire Purchase, Education Loan, Personal OD, HP Solar Financing, HP Agricultural Loan, HP Commercial Loan, JICA SME Two Step Loan, Overdraft, Pledge, Term Loans); card products (MPU-JCB International Debit Card, Visa Credit Card in Classic and Platinum variants); and international banking services including Foreign Currency Exchange, Trade Finance, Foreign Currency Accounts, and International Money Transfer. Underlying technology includes SWIFT-connected international transfer infrastructure (member since January 2013), a digital banking platform spanning mobile and internet channels, and integrations with 74+ correspondent banks across 16+ countries (UOB, DBS, SMBC, ICBC, MayBank, Bangkok Bank, OCBC, Punjab National Bank, etc.) and major remittance operators (MoneyGram, RIA IME, Merchantrade, Hanpass, PayForex) covering 220+ countries.

MCB generates revenue primarily through interest income on loans (rates of 10-15% p.a. across product categories), transaction and service fees on transfers and account maintenance, foreign exchange commissions from money changer and FX dealer operations, card-based annual fees and transaction charges, and payroll service fees for corporate clients. The bank is regulated by the Central Bank of Myanmar under banking license Ma Ba Ba/J(i)-1(5) 1992 and holds an authorized capital of 75 billion MMK with paid-up capital of 52 billion MMK. Ownership is broadly distributed across private entrepreneurs (77.80%), government entities (10.40%), and the general public (11.80%), reflecting its public-listed structure on the YSX under ticker MCB.

Name

Myanmar Citizens Bank

Legal name

Myanmar Citizens Bank Limited

Website

https://mcb.com.mm

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Myanmar Citizens Bank is a Yangon-based commercial bank founded in 1992 and listed on the Yangon Stock Exchange, serving retail, SME, corporate, and overseas-worker customers across Myanmar through 60+ branches, mobile and internet banking, and 74+ international correspondent bank relationships.

Ownership category

akta.pro rank

Product category

Retail and Commercial Banking

NAICS

Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Retail banking services
• Commercial lending
• International money transfers
• Corporate banking
• Digital banking platforms

Headquarters

HQ city

Yangon

HQ country

Myanmar (Burma)

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Loans: MCB earns interest income through various loan products including home loans, auto loans, education loans, overdraft facilities, term loans, pledge loans, and SME financing. Interest rates range from 10% to 15% per annum depending on product type.
2. Transaction and Service Fees: Fees from internal branch transfers (0.05% commission), inter-bank transfers, remittance services, payroll services, and account maintenance
3. Foreign Exchange Services: Revenue from currency exchange services, money changer operations, and foreign currency account services
4. Credit Card Services: Annual fees, transaction fees, and interest charges from MCB Visa Credit Card and MPU-JCB Co-Brand Debit Card services
5. Payroll Services: Charges for payroll processing services to corporate clients, including card issuance fees and per-transaction charges

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

Myanmar Citizens Bank (MCB) is a private commercial bank offering a full suite of personal, SME, and corporate banking products including deposit accounts (savings, current, fixed deposits, specialized remittance/seafarer accounts), consumer and commercial loans (home, auto, education, overdraft, agricultural, solar, JICA-backed SME financing), card products (MPU-JCB debit and Visa credit cards), foreign currency exchange, trade finance, and international remittance services. Banking is delivered through 60+ branches, an ATM network, the MCB mBanking mobile app, internet banking platforms, and money changer counters.

Product overview

Myanmar Citizens Bank (MCB) operates as a diversified financial services institution offering a comprehensive portfolio of banking products and digital channels. The bank's core offerings include personal deposit accounts (Savings, Current, Flexi Call Deposit, PoeToe Fixed Deposit, Remit Savings, and Seafarer Savings), consumer loans (Home Loan, Auto Loan, Education Loan, Personal OD, HP Solar Financing, HP Commercial Loan, HP Agricultural Loan), and card products (MPU-JCB International Debit Card and Visa Credit Card in Classic and Platinum variants). Business banking services encompass SME solutions including JICA SME Two Step Loan, corporate loans (Overdraft, Pledge, Term Loans), and international banking through Foreign Currency Exchange, International Trade Services, Foreign Currency Account, and International Money Transfer. Digital banking is delivered via MCB mBanking mobile application and Internet Banking platforms, complemented by Citizens Wallet for digital payments. The bank also operates promotional programs including MCB Loyalty and seasonal campaigns. With 74+ correspondent banks globally and SWIFT connectivity, MCB provides comprehensive domestic and cross-border financial services.

Differentiator

Problem solved

Functional benefit

Products and services

• Savings Account
• Current Account
• Flexi Call Deposit Account
• PoeToe Fixed Deposit Account
• Remit Savings

Quantifiable outcome

• Interest rate up to 9.5% p.a. for Remit Savings account
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature3 records

Partnerships

22 partnerships are on record, tiered core and minor.

• United Overseas Bank (UOB)coreTechnology or IntegrationCorrespondent bank relationship for USD, EUR, SGD transactions. UOB Singapore BIC: UOVBSGSG. Major correspondent banking partner for regional transactions.
• DBS BankcoreTechnology or IntegrationCorrespondent bank for USD transactions. DBS Bank Singapore BIC: DBSSSGSG. Facilitates international trade and remittance services.
• Sumitomo Mitsui Banking Corporation (SMBC)coreTechnology or IntegrationCorrespondent bank in Japan (BIC: SMBCJPJT) supporting Japan-Myanmar trade and investment flows.
• Industrial and Commercial Bank of China (ICBC)coreTechnology or IntegrationCorrespondent bank for USD and CNY transactions. BIC: ICBKCNBJ. Supports China-Myanmar trade settlements.
• Malayan Banking Berhad (MayBank)coreTechnology or IntegrationCorrespondent bank for USD transactions in Malaysia (BIC: MBBEMYKL). Supports cross-border transactions with Malaysia.
• Siam Commercial BankcoreTechnology or IntegrationCorrespondent bank for USD/THB transactions with Thailand (BIC: SICOTHBK). Supports Myanmar-Thailand trade.
• Bangkok BankcoreTechnology or IntegrationCorrespondent bank for USD/THB transactions (BIC: BKKBTHBK). Major Thai correspondent bank relationship.
• Punjab National BankcoreTechnology or IntegrationCorrespondent bank in India for USD transactions (BIC: PUNBINBBISB). Supports India-Myanmar trade corridors.
• Oversea Chinese Banking Corporation (OCBC)coreTechnology or IntegrationMulti-country correspondent bank presence across Singapore, Japan, Hong Kong, Taiwan, Thailand, Korea, and Myanmar. BIC: OCBCSGSG (Singapore).
• Myanma Foreign Trade BankcoreTechnology or IntegrationDomestic correspondent bank for USD transactions. Supports international trade settlements within Myanmar.
• United Amara BankcoreTechnology or IntegrationDomestic correspondent bank for USD transactions supporting interbank fund transfers.
• Kanbawza Bank (KBZ)coreTechnology or IntegrationDomestic correspondent bank for USD transactions with major Myanmar private bank.
• MoneyGramcoreTechnology or IntegrationInternational money transfer service with 300,000 agents in 197 countries. Based in London. MCB provides cash pickup, bank deposit, and wallet deposit services.
• RIA IME (International Money Express)coreTechnology or IntegrationInternational money transfer service based in Malaysia with 69 locations and 100+ agents. Provides worldwide transaction services for Myanmar workers abroad.
• Japan International Cooperation Agency (JICA)coreStrategic or Co-development PartnerJICA SME Two Step Loan program providing financing for SME development in Myanmar. Loan amounts up to MMK 500 million at 7.5% p.a. for SMEs with sufficient collateral.
• CTZPaycoreTechnology or IntegrationDigital payment partner for MCB mBanking app. CTZPay app required for mobile banking registration and access.
• Society for Worldwide Inter Bank Financial Telecommunication (SWIFT)coreTechnology or IntegrationSWIFT membership since 5 January 2013 enabling secure international financial messaging and cross-border transactions.
• Central Bank of Myanmar (CBM)coreStrategic or Co-development PartnerRegulatory authority that granted banking license (Ma Ba Ba/ J (i) -1(5) 1992) and Foreign Exchange Authorized Dealer License. Primary banking regulator.
• JCB InternationalcoreChannel Partner/ Reseller/ DistributorJoint branded MPU-JCB International Debit Card providing global ATM access and merchant payments. Includes JCB Plaza Lounge access at international airports.
• Visa InternationalcoreChannel Partner/ Reseller/ DistributorMCB Visa Credit Card issuer providing globally accepted credit card services with exclusive discounts and rewards.
• Automobile Dealers (50+)coreChannel Partner/ Reseller/ DistributorPartnership with over 50 automobile dealers for hire purchase financing including Ford, Land Rover, Jaguar, Range Rover, KIA, Peugeot, Chevrolet, Suzuki, Toyota, Hyundai, Nissan, BAIC, Changhe, Jetour, Southeast, Borgward.
• Solar CompaniesminorChannel Partner/ Reseller/ DistributorSolar equipment companies partnered for HP Solar Financing program enabling renewable energy purchases through installment plans.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Myawaddy Bank: Established Myanmar private bank with a focus on retail and corporate banking. Competes with MCB for deposits, consumer loans, and trade finance customers across Myanmar's banking market.
• Yoma Bank: Myanmar-based private bank with international linkages (notably to FIMBank). Directly comparable to MCB in retail/SME banking, foreign exchange, and trade finance for Myanmar businesses and consumers.
• AYA Bank: One of the largest privately owned banks in Myanmar, providing retail, corporate, and international banking. Overlaps with MCB across consumer deposits, lending products, and digital banking services for the same Myanmar customer base.
• Global Treasure Bank: Myanmar private commercial bank providing personal and corporate banking services. Targets the same retail, SME, and corporate customer segments as MCB within Myanmar.
• United Amara Bank (UAB): Myanmar private commercial bank with a similar mid-sized footprint serving retail and SME segments. Listed correspondent partner of MCB for USD transactions and competes for the same corporate and trade finance customers.
• Innwa Bank: Myanmar private commercial bank offering deposit, lending, and international banking services to retail and corporate clients. Competes with MCB in the same domestic market segments with comparable product offerings.
• CB Bank (Co-operative Bank): Major Myanmar private commercial bank offering a full suite of personal, SME, and corporate banking services. Comparable to MCB in product breadth, branch presence, and target customer segments within the domestic private banking sector.
• Kanbawza Bank (KBZ Bank): Largest privately owned bank in Myanmar with the most extensive branch network in the country. Directly competes with MCB across retail deposits, consumer loans, SME banking, and international trade finance, and represents the dominant market leader MCB benchmarks against.

Broad incumbents

• United Overseas Bank (UOB): Major Singapore-based regional bank and MCB's largest correspondent partner. Comparable as a broad incumbent offering retail and commercial banking, though operating across ASEAN rather than specializing in Myanmar.
• DBS Bank: Singapore's largest bank and MCB's USD correspondent partner. Comparable in offering full-stack banking services (retail, SME, corporate, trade) across the region, serving as both an operational reference and competitive threat for cross-border customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/MyanmarCitizensBankLtd
• LinkedInlinkedin.com/company/mcb-myanmar-citizens-bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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

Frequently asked questions about Myanmar Citizens Bank