domestic retail bank of the year - myanmar best core banking system initiative bank - myanmar
KBZ Bank: Your Gateway to Myanmar financial services
K
anbawza Bank Limited (KBZ Bank) established in 1994 is the largest privately owned bank in Myanmar. It is the most profitable bank in Myanmar and has been conferred as the highest tax payer in the country for the last two years. KBZ with its 270 branches has the most extensive branch network amongst the private commercial banks. It is also the leading brand in the banking sector given its prominent position not only in Yangon but also throughout Myanmar. KBZ has always served an important role in building the local communities by providing much needed financing to small & medium enterprises in the country. KBZ provides 35% of total loans in FY13/14 – making it the largest lender. This speaks volumes of KBZ’s ongoing commitment to support the local communities and its role in shaping the nation and supporting the local community by combining commercial pursuit, fair business ethics and socially responsible behavior.
its strategic initiatives. The bank has developed a midterm strategy to ensure a sustainable and long-term growth trajectory. KBZ’s repositioning In the light of the new opportunities and challenges, KBZ has developed a midterm strategy to lay the foundation to guide it through into the long-run. KBZ’s strategic drivers are centered on four key elements: (i) capacity building to enhance its capabilities and cultivate a “learning and growth culture” that will spur it to a new height, (ii) leveraging on technology and innovation to ensure market dominance through higher customer satisfaction (iii) realignment of KBZ’s business model and supporting pillars in meeting the various business segments as well as new business lines and (iv) strengthening its corporate governance & risk management capabilities that build confidence for all stakeholders i.e. regulators, customers, business partners, employees and shareholders.
Financial performance For financial year ended 31st March 2014, Award-winning bank KBZ performed well with ROE, exceeding KBZ Bank is named “Domestic Retail 34%, whilst PBT was 22% higher. Total Bank of The Year 2014” as well as “Best assets were up by 67% from previous end Core Banking System Initiative Bank” year. Total deposits and by Asian Banking & “KBZ has always total loans were up 64% and Finance magazine (ABF). served an important 61% respectively. Quality of ABF and other reputable role in building the assets was remarkable with organizations have local communities by NPL at less than 0.11%, conferred KBZ Bank as providing much needed the best bank in Myanmar whilst NIM was averaging financing to small & at 4%. for the last two years on medium enterprises.” KBZ’s achievement is the basis of its excellent a result of its ability to understand the financial performance, and clear and market, meet and anticipate the customers’ distinct strategic capability. These awards needs and deliver them in a innovative and distinctions validate KBZ’s inexorable way that entails the highest customer commitment and ability to successfully satisfaction. KBZ’s rapid expansion and continuously improve upon its branch network, mini-branches rolled previous achievements. out, mobile bank, corresponding KBZ’s continuous focus on capacity banking network, and new business lines, building, innovation & technology, product offering in trade financing, cash realignment of its business, strengthening management services, workers remittances corporate governance and risk and treasury & foreign currency trading management have propelled it to be has contributed significantly to its the bank of choice amongst Myanmar performance. nationals, many MNCs and international KBZ’s continuing sustainability is organizations entering the Myanmar reflected in its ability to effectively execute market. KBZ’s vision to be the “Strength 66 ASIAN BANKING AND FINANCE | DECEMBER 2014
U Aung Ko Win Executive Chairman, KBZ
of Myanmar” is reflected in the efforts and achievements of the organization. Aside from business, KBZ has a strong penchant for corporate social responsibility (CSR) programs. The CSR culture is embedded into KBZ’s corporate policy. The bank’s intimate linkage with the community was recognized by the President of the Union of Myanmar when KBZ’s Executive Chairman, U Aung Ko Win, was singled out and honored with a “Special Honorary State Excellence Award” for being the highest tax payer and largest financial contributor to the state and society in 2014. He was also awarded the same in 2013. KBZ’s integrity in its achievements is evident across different awarding bodies. It has been named “Bank of the Year 2013” by The Banker of the Financial Times, “Best Commercial Bank 2013” and “Best Banking Group 2013” by the World Finance magazine, and “Best Bank in Myanmar 2014” by Euromoney.
CONTACT Kanbawza Bank Ltd. (KBZ Bank) No.615/1, Pyay Road, Kamayut Township, Yangon, Myanmar. Tel: +95-1- 538080 Email: customer_service@kbzbank.com Website: : www.kbzbank.com, www.facebook.com/KanbawzaBank