Message from the Chairman
Dear esteemed shareholders and friends
I am delighted to extend my warmest greeting and wishing you all physical and mental well-being.
Our bank established on 15th February, 1996 under the name of Myanma Livestock and Fisheries Development Bank has already marked the 30th Pearl Anniversary, and we are offering banking services to facilitate our customers with 177 branch banks, 170 being big ones whereas only the remaining 7, the smaller ones. Nevertheless, only 143 branch banks are operational with the remaining 34 being temporarily shut down for security reasons.
The catastrophic earthquake that hit NayPyiTaw, the Union Territory, Mandalay Region and Sagaing Region on 28th March, 2025 had caused cracks in walls and collapses of the
ceilings of some banks there. Despite damages, neither the GTB staff nor the customers were injured far from causalities. Amidst the danger caused by the earthquake, customer service remained provided with the construction of temporary structures in the bank’s premises and with the staff performing their duties actively. The Data center and the Disaster Recovery were not affected and so, banking activities were operational as usual.
GTB is engaged in foreign banking activities and selling USD, Euro, SGD, Thai Baht and Malaysia Ringgit by opening money changer counters with the authorized dealer license granted by Central Bank of Myanmar by opening Nostro Account with four correspondent banks and establishing RMA with five foreign banks. GTB is carrying out export/ import services, bank guarantee service and trade financing, GTB is cooperation with the Western Union through which the business of remittance is being done with the customers from over (200) countries.
To facilitate POS payments and online payments, GTB UnionPay Single Brand Credit Cards were launched in-house for use at Hotels and Supermarkets. Remittance can be made via internet banking/ mobile banking with 24/7 service available.
Additionally, the GTB Mobile Wallet (GTB Pay, GTB Agent, GTB Merchant) is available for digital banking services like transfer between GTB Pay Account, linking GTB Pay and GTB Agent to bank accounts, doing Wallet Cash-in from MPU Cards from others banks and GTB Agents, doing Wallet Cash-in/ Cash-out with GTB Agents, paying in the electric meter bills. Topping up the phone bills and other Bill Payments. Besides, payment can be made at the Denko Petro Stations with the use of GTB Pay, thereby extending Merchant Acquiring activities.
Continued efforts are being made to enable the payment of electric meter bills across the nations. As a consequence, the people in NayPyiTaw, the Union Territory, Yangon Region, Mandalay Region, Magway Region, Ayeyawady Region, Bago Region (East/West) and Mon State are now able to pay the electric meter bills with the use of GTB Pay. Additionally, with the permission of the Central Bank of Myanmar, necessary measures are being taken for the availability of required software/ hardware to be able to implement MyanmarPay (MMQR).
The Compliance Department has already distributed the manual and pocket leaflets to enable all employees of GTB to be aware of the AML/CFT Policies and Procedures as well as the Directives of the CBM. In addition, to promote awareness of AML/CFT matters, the discussions via zoom meetings with the staff from the H.O Departments and bank branches are being held from time to time.
Concerning preventions of Covid-19, the global pandemic, GTB has made necessary arrangements for all banks employees to receive free of charge the Covid-19 Vaccination.
Concerning the Corporate Social Responsibility (CSR), GTB has formed Treasure Heart Social Support Association, which during 2024-2025 fiscal contributed fund amounting to Kyats 170.8 million for medical treatment of those suffering from floods and the catastrophic earthquake, poverty stricken patients, philanthropist activities and religious affairs. The donation amounted to Kyats 1,009.2 million as of the period under report.
In conclusion, we are effectuating technological and monetary development, and we are strongly confident that GTB will be able to realize its motto, "Your Dream, Your Success, Global Treasure Bank". We also wish in both local and foreign banking services a greater success in both local and foreign banking services.