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Asia Green Development Bank - Wikipedia

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data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org">Asia Green Development Bank (AGD)</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span class="mw-default-size" typeof="mw:File/Frameless"><a href="/wiki/File:Logo_of_Asia_Green_Development_Bank.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/en/thumb/0/01/Logo_of_Asia_Green_Development_Bank.svg/220px-Logo_of_Asia_Green_Development_Bank.svg.png" decoding="async" width="220" height="59" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/0/01/Logo_of_Asia_Green_Development_Bank.svg/330px-Logo_of_Asia_Green_Development_Bank.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/0/01/Logo_of_Asia_Green_Development_Bank.svg/440px-Logo_of_Asia_Green_Development_Bank.svg.png 2x" data-file-width="375" data-file-height="100" /></a></span></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Native name</div></th><td class="infobox-data"><span title="Burmese-language text"><span lang="my"><span title="Burmese-language text"><span lang="my">အာရှစိမ်းလန်းမှုဖွံ့ဖြိုးရေးဘဏ်</span></span></span></span></td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="/wiki/Financial_services" title="Financial services">Financial services</a></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">July&#160;2,&#160;2010<span style="display:none">&#160;(<span class="bday dtstart published updated itvstart">2010-07-02</span>)</span></td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data adr"><div class="ib-company-locality locality"><a href="/wiki/Yangon" title="Yangon">Yangon</a></div>, <div class="ib-company-country country-name"><a href="/wiki/Burma" class="mw-redirect" title="Burma">Burma</a></div></td></tr><tr><th scope="row" class="infobox-label">Services</th><td class="infobox-data category"><a href="/wiki/Banking" class="mw-redirect" title="Banking">Banking</a></td></tr><tr><th scope="row" class="infobox-label"><span class="nowrap"><a href="/wiki/Asset" title="Asset">Total assets</a></span></th><td class="infobox-data"><a href="/wiki/Myanmar_kyat" title="Myanmar kyat">Ks.</a>1.2 Trillion (<span style="white-space: nowrap">US$794 million</span>)</td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="http://www.agdbank.com">www<wbr />.agdbank<wbr />.com</a></span></td></tr></tbody></table> <p><b>Asia Green Development Bank</b> (<a href="/wiki/Burmese_language" title="Burmese language">Burmese</a>: <span lang="my">အာရှစိမ်းလန်းမှုဖွံ့ဖြိုးရေးဘဏ်</span>; abbreviated <b>AGD Bank</b>) is a public commercial bank in <a href="/wiki/Burma" class="mw-redirect" title="Burma">Burma</a> (Myanmar)<sup id="cite_ref-AA_1-0" class="reference"><a href="#cite_note-AA-1"><span class="cite-bracket">&#91;</span>1<span class="cite-bracket">&#93;</span></a></sup> providing banking services and products. It was one of 4 private banks to commence operations in August 2010 when the government issued four new banking licences and the first new financial institutions in the country since the establishment of <a href="/wiki/Innwa_Bank" title="Innwa Bank">Innwa Bank</a> in 1997.<sup id="cite_ref-2" class="reference"><a href="#cite_note-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup> Its headquarters are situated in Yangon, <a href="/wiki/Myanmar" title="Myanmar">Myanmar</a>.<sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">&#91;</span>3<span class="cite-bracket">&#93;</span></a></sup> The bank began trading on the <a href="/wiki/Yangon_Stock_Exchange" title="Yangon Stock Exchange">Yangon Stock Exchange</a> when it opened in 2016.<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">&#91;</span>4<span class="cite-bracket">&#93;</span></a></sup> The bank was founded by <a href="/wiki/Tay_Za" title="Tay Za">Tay Za</a> and was a subsidiary of parent company <a href="/wiki/Htoo_Group_of_Companies" title="Htoo Group of Companies">Htoo Group</a>, whose 15% stake was sold to new shareholders. In 2016 <a href="/wiki/Infosys" title="Infosys">Infosys</a> provided AGD Bank with Finacle front and backend solutions for online banking systems.<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">&#91;</span>5<span class="cite-bracket">&#93;</span></a></sup> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="Brief_Info">Brief Info</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Asia_Green_Development_Bank&amp;action=edit&amp;section=1" title="Edit section: Brief Info"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The AGD Bank's Head Office and first branch was successfully opened on August 6, 2010 in <a href="/wiki/Naypyidaw" title="Naypyidaw">Nay Pyi Taw</a> under the organization of Htoo Group of Companies. In the past, AGD bank was 100% owned and operated by “Htoo Group of Companies” which is engaged in trading, energy and mining, construction, agriculture, hotel, travel and tourism business. But on February 18, 2013 with a new slogan “We, all Myanmar will develop together”, AGD bank was converted to Public Company, managed independently where the shares capital stands at Ks.30.0873 billion of 601746 shares in the fiscal year. The share capital has since then grown to Ks.50.59 billion in 2021. </p><p>AGD Bank has been 77 branches across the country until June 2019. With establish an International Banking Department, authorized as Dealer and Money Changer Licenses 65 foreign exchange counters services to the general public. </p> <div class="mw-heading mw-heading2"><h2 id="Services">Services</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Asia_Green_Development_Bank&amp;action=edit&amp;section=2" title="Edit section: Services"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>AGD has 77 branches and 65 foreign exchange counters throughout Myanmar, operating across Corporate, Retail, and International Banking.<sup id="cite_ref-AA_1-1" class="reference"><a href="#cite_note-AA-1"><span class="cite-bracket">&#91;</span>1<span class="cite-bracket">&#93;</span></a></sup> The bank is headed up by Htoo Htet Tay Za, who became managing director in 2015.<sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup> In 2016 AGD Bank partnered with TrueMoney to offer customers mobile banking.<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">&#91;</span>7<span class="cite-bracket">&#93;</span></a></sup> </p><p>In 2017, AGD Bank became the first bank in Myanmar to accept <a href="/wiki/EMV" title="EMV">EMV</a> based <a href="/wiki/UnionPay" title="UnionPay">UnionPay</a> card transactions at its ATMs.<sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">&#91;</span>8<span class="cite-bracket">&#93;</span></a></sup> AGD launched three AGD Visa cards in September 2018, the Visa Classic Card, Visa Gold Card and Visa Platinum Card.<sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">&#91;</span>9<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="See_also">See also</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Asia_Green_Development_Bank&amp;action=edit&amp;section=3" title="Edit section: See also"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><a href="/wiki/List_of_banks" class="mw-redirect" title="List of banks">List of banks</a></li> <li><a href="/wiki/List_of_banks_in_Burma" class="mw-redirect" title="List of banks in Burma">List of banks in Burma</a></li></ul> <style data-mw-deduplicate="TemplateStyles:r1259569809">.mw-parser-output .portalbox{padding:0;margin:0.5em 0;display:table;box-sizing:border-box;max-width:175px;list-style:none}.mw-parser-output .portalborder{border:1px solid var(--border-color-base,#a2a9b1);padding:0.1em;background:var(--background-color-neutral-subtle,#f8f9fa)}.mw-parser-output .portalbox-entry{display:table-row;font-size:85%;line-height:110%;height:1.9em;font-style:italic;font-weight:bold}.mw-parser-output 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a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://corporatefinanceinstitute.com/resources/careers/companies/top-banks-in-myanmar/">"Overview of Banks in Myanmar"</a>. <i>Corporate Financial Institute</i><span class="reference-accessdate">. Retrieved <span class="nowrap">30 July</span> 2019</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Corporate+Financial+Institute&amp;rft.atitle=Overview+of+Banks+in+Myanmar&amp;rft_id=https%3A%2F%2Fcorporatefinanceinstitute.com%2Fresources%2Fcareers%2Fcompanies%2Ftop-banks-in-myanmar%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAsia+Green+Development+Bank" class="Z3988"></span></span> </li> <li id="cite_note-2"><span class="mw-cite-backlink"><b><a href="#cite_ref-2">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFCheesmanSkidmoreWilson2012" class="citation book cs1">Cheesman, Nick; <a href="/wiki/Monique_Skidmore" title="Monique Skidmore">Skidmore, Monique</a>; Wilson, Trevor (2012). <i>Myanmar's Transition: Openings, Obstacles, and Opportunities</i>. Institute of Southeast Asian Studies. p.&#160;147.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=book&amp;rft.btitle=Myanmar%27s+Transition%3A+Openings%2C+Obstacles%2C+and+Opportunities&amp;rft.pages=147&amp;rft.pub=Institute+of+Southeast+Asian+Studies&amp;rft.date=2012&amp;rft.aulast=Cheesman&amp;rft.aufirst=Nick&amp;rft.au=Skidmore%2C+Monique&amp;rft.au=Wilson%2C+Trevor&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAsia+Green+Development+Bank" class="Z3988"></span></span> </li> <li id="cite_note-3"><span class="mw-cite-backlink"><b><a href="#cite_ref-3">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.cbm.gov.mm/content/asia-green-development-banks-branches-list">"Asia Green Development Bank's Branches List"</a>. <i>Central Bank of Myanmar</i><span class="reference-accessdate">. Retrieved <span class="nowrap">1 August</span> 2019</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Central+Bank+of+Myanmar&amp;rft.atitle=Asia+Green+Development+Bank%27s+Branches+List&amp;rft_id=https%3A%2F%2Fwww.cbm.gov.mm%2Fcontent%2Fasia-green-development-banks-branches-list&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAsia+Green+Development+Bank" class="Z3988"></span></span> </li> <li id="cite_note-4"><span class="mw-cite-backlink"><b><a href="#cite_ref-4">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.bbc.com/news/av/business-35897350/myanmar-s-new-stock-exchange-begins-trading">"Myanmar's new stock exchange begins trading"</a>. <i>BBC</i>. 25 March 2016<span class="reference-accessdate">. Retrieved <span class="nowrap">1 August</span> 2019</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=BBC&amp;rft.atitle=Myanmar%27s+new+stock+exchange+begins+trading&amp;rft.date=2016-03-25&amp;rft_id=https%3A%2F%2Fwww.bbc.com%2Fnews%2Fav%2Fbusiness-35897350%2Fmyanmar-s-new-stock-exchange-begins-trading&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAsia+Green+Development+Bank" class="Z3988"></span></span> </li> <li id="cite_note-5"><span class="mw-cite-backlink"><b><a href="#cite_ref-5">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.consultancy.uk/news/11939/infosys-provides-suite-of-solutions-to-myanmar-agd-bank">"Infosys provides suite of solutions to Myanmar AGD bank"</a>. <i>Consultancy UK</i>. 28 April 2016<span class="reference-accessdate">. Retrieved <span class="nowrap">1 August</span> 2019</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Consultancy+UK&amp;rft.atitle=Infosys+provides+suite+of+solutions+to+Myanmar+AGD+bank&amp;rft.date=2016-04-28&amp;rft_id=https%3A%2F%2Fwww.consultancy.uk%2Fnews%2F11939%2Finfosys-provides-suite-of-solutions-to-myanmar-agd-bank&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAsia+Green+Development+Bank" class="Z3988"></span></span> </li> <li id="cite_note-6"><span class="mw-cite-backlink"><b><a href="#cite_ref-6">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.euromoney.com/article/b12khpkk1xpq6n/htoo-htet-tay-za-myanmar39s-millennial-banker">"Htoo Htet Tay Za: Myanmar's millennial banker"</a>. <i>Euro Money</i><span class="reference-accessdate">. Retrieved <span class="nowrap">30 July</span> 2019</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Euro+Money&amp;rft.atitle=Htoo+Htet+Tay+Za%3A+Myanmar%27s+millennial+banker&amp;rft_id=https%3A%2F%2Fwww.euromoney.com%2Farticle%2Fb12khpkk1xpq6n%2Fhtoo-htet-tay-za-myanmar39s-millennial-banker&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAsia+Green+Development+Bank" class="Z3988"></span></span> </li> <li id="cite_note-7"><span class="mw-cite-backlink"><b><a href="#cite_ref-7">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.mmbiztoday.com/articles/agd-true-money-partner-provide-mobile-money-transfer-services">"AGD, True Money Partner to Provide Mobile Money Transfer Services"</a>. <i>Myanmar Business Today</i><span class="reference-accessdate">. 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