• Burmese
Saturday, July 12, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
25 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home Business

Myanmar Citizens Bank to Begin Trading on Yangon Stock Exchange

Kyaw Hsu Mon by Kyaw Hsu Mon
August 15, 2016
in Business
Reading Time: 2 mins read
0 0
A A
The Yangon Stock Exchange seen on March 25, 2016 / Soe Zeya Tun / Reuters

The Yangon Stock Exchange seen on March 25, 2016 / Soe Zeya Tun / Reuters

4.9k
VIEWS
Share on FacebookShare on Twitter

RANGOON — Myanmar Citizens Bank (MCB), in which the Ministry of Commerce holds a minority stake, is scheduled to begin trading on the Yangon Stock Exchange (YSX) on Aug. 26, after approval was issued on Aug. 12, Thet Tun Oo, senior executive officer of the YSX, told the Irrawaddy.

MCB has been listed since December, when the YSX opened. Its base share price will be announced on the YSX website the day before trading begins.

The bank was founded in 1991, initially to process foreign exchange for exporters, at a time when this service was limited to two state banks in Burma. The Ministry of Commerce held a 55 percent share till 2011 —when the foreign exchange market was liberalize. Thereafter, its share lessened year by year.

RelatedPosts

Myanmar Junta Tightens Controls on Migrant Remittances

Myanmar Junta Tightens Controls on Migrant Remittances

September 14, 2022
5.5k

The ministry’s stake in MCB now stands at only 10 percent, although Toe Aung Myint, permanent secretary of the Ministry of Commerce, chairs the bank.

Maung Aung, senior economist and independent director at MCB, said that, although the base price has yet to be decided, he expected it would be less than other listed companies’ prices.

“I expect that the base price would be less than 20,000 kyats per share (US$17)—potentially 18,000 kyats ($15)—but we still need to discuss it with the YSX,” he said.

“Because MCB has been semi-government owned, it is strong for investors,” he said.

He mentioned that shares were sold for 5,000 kyats when the MCB was founded in 1991. At that time, its capital was 1 billion kyats.

MCB’s authorized share capital is now 75 billion kyats ($63 million), with 52 billion kyats ($43.7 million) in paid-up capital: 5.12 billion kyats ($4.3 million) from the Ministry of Commerce and 46.88 billion kyats ($39.4 million) from the public, according to MCB’s website.

Five companies have been listed on the YSX since December: First Myanmar Investment (FMI), Myanmar Citizens Bank, Myanmar Thilawa SEZ Holdings Public Limited (MTSH), First Private Bank and Great Hor Kham. However, only FMI and MTSH have traded since then.

As of August 15, the YSX has a shares volume of 4,099, with a total value of 116 million kyats ($97,522). YSX’s market capitalization is now at 633,102 million kyats ($532.3 million), according to its website.

Your Thoughts …
Tags: Myanmar Citizens Bank
Kyaw Hsu Mon

Kyaw Hsu Mon

The Irrawaddy

Similar Picks:

Myanmar Junta Tightens Controls on Migrant Remittances
Burma

Myanmar Junta Tightens Controls on Migrant Remittances

by Hein Htoo Zan
September 14, 2022
5.5k

The regime is trying to ensure overseas workers send money home via official channels to boost its foreign currency reserves.

Read moreDetails
Load More
Next Post
Panglong's Labyrinth

Panglong's Labyrinth

Carter Center associate director Jonathan Stonestreet (right) and Burma field office director Stefan Krause (center) speak at the Tuesday press conference in Rangoon / Ben Dunant / The Irrawaddy

‘The Time for Electoral Reform is Now’ Says the Carter Center

No Result
View All Result

Recommended

‘Reforms Are Not Optional’: Prominent Activist Urges NUG to Act Before It’s Too Late

‘Reforms Are Not Optional’: Prominent Activist Urges NUG to Act Before It’s Too Late

3 days ago
1k
Trump’s Tariffs to Hit Myanmar’s Garment Manufacturers Hard

Trump’s Tariffs to Hit Myanmar’s Garment Manufacturers Hard

3 days ago
1k

Most Read

  • Chinese Investment Reshapes Myanmar’s N. Shan as MNDAA Consolidates Power

    Chinese Investment Reshapes Myanmar’s N. Shan as MNDAA Consolidates Power

    shares
    Share 0 Tweet 0
  • Myanmar Junta Deploying Conscripts in Major Push to Reclaim Lost Territory

    shares
    Share 0 Tweet 0
  • Myanmar Junta Chief Thanks Trump for Shutting Down VOA and RFA

    shares
    Share 0 Tweet 0
  • KIA Denies Rumor Chief Under House Arrest in China

    shares
    Share 0 Tweet 0
  • ‘Not a Witch Hunt’: Upholding Survivor-Centered Justice in Myanmar

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.