Myanmar will likely allow international banks to operate by 2015 as it revises laws to attract foreign investment. The authorities plan to complete amendments to laws on banking, insurance and foreign exchange operations.

The moves are expected as part of a broader opening of Myanmar's economy.

Myanmar's financial system remains primitive by international standards, and the country only recently got its first ATMs. The country also employs a confusing multiple exchange-rate system, though Myanmar's government is widely expected to change that system in favour of a single exchange rate soon, possibly as early as next month.

List of Government Banks in Myanmar

1) Central Bank of Myanmar
26 (A), Sethmu Rd., Yankin Tsp.
Tel : (01) 543751


2) Myanma Agriculture & Dvpt. Bank
26-42, 2nd Flr., Pansodan St., Kyauktada Tsp.
Tel : (01) 250426


3) Myanma Economic Bank
43-45, Pansodan St., Kyauktada Tsp.
Tel : (01) 285604


4) Myanma Economic Bank
21-25, Sule Pagoda Rd., Pabedan Tsp.
Tel : (01) 283610


5) Myanma Foreign Trade Bank
80-86, Maha Bandoola Garden St., Kyauktada Tsp.
Tel : (01) 370994


6) Myanma Inv. & Com. Bank
170-176, Merchant St., Botahtaung Tsp.
Tel : (01) 280395


7) Sibin Tharyar Yay Bank Ltd.
526-532, Merchant St., Kyauktada Tsp.
Tel : (01) 243549, 243548, 252433

List of Private Banks

8) Co-operative Bank Ltd. (CB Bank)
334-336, Cor. of Strand Rd. & 23rd St., Latha Tsp.
Tel : (01) 372641, 372646, 372655
E-mail : cbbank@mptmail.net.mm
http://www.cbbank.com.mm


9) First Commercial Bank
443-A, Pyay Rd., Kamayut Tsp.
Tel : (01) 700986
E-mail : fcbygn@mptmail.net.mm


10) First Private Bank Ltd. (HQ)
619-621, Merchant Rd., Cor. of Bo Sun Pat St., Pabedan Tsp.
Tel : (01) 252412, 251747, 251748, 246786


11) Innwa Bank Ltd.
554-556, Cor. of Merchant Rd. & 35th St., Kyauktada Tsp.
Tel : (01) 254642, 254642, 254645, 254646


12) Kanbawza Bank Ltd. (KBZ Bank)
615-1, Pyay Rd., Kamayut Tsp.
Tel : (01) 538075, 538076, 538078, 538080
E-mail : kbz@mptmail.net.mm


13) Myanma Livestock & Fisheries Development Bank Ltd.
004-104, Zeyamon, Bayint Naung Rd., Mayangon Tsp.
Tel : (01) 682761, 682762


14) Myanmar Citizen Bank Ltd.
383, Maha Bandoola St., Cor. of 37th St., Kyauktada Tsp.
Tel : (01) 245938, 283719, 245934, 245936


15) Myanmar Industrial Development Bank Ltd.
26-42, Pansodan St., Kyauktada Tsp.
Tel : (01) 249540, 249530


16) Myanmar Universal Bank Ltd. (MUB)
155, Sule Pagoda Rd., Kyauktada Tsp.
Tel : (01) 371839, 371842, 710216


17) Myawaddy Bank Limited.
24-26, Sule Pagoda Rd., Kyauktada Tsp.
Tel : (01) 370558, 370559, 370562
E-mail : mwdbankygn@mptmail.net.mm


18) Tun Foundation Bank Ltd.
165-167, Bo Aung Kyaw St., Kyauktada Tsp.
Tel : (01) 380245, 380242
E-mail : tfbbank@mptmail.net.mm