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MICB meaning in Business ?

Answer» What is Myanma Investment and Commercial Bank mean?

The Myanma Investment and Commercial Bank (Burmese: မြန်မာ့ရင်းနှီးမြှုပ်နှံမှုနှင့် ကူးသန်းရောင်းဝယ်ရေးဘဏ်; abbreviated MICB) is a state-owned bank. MICB has branches mainly in Yangon and Mandalay and focuses primarily on business and domestic currency-denominated loans for commercial, investment, and development activities. MFTB also manages Burma's official foreign currency reserves. MICB also acts as a banking intermediary for foreign investment activities.

The bank was established under the Financial Institutions of Myanmar Law of 1990, which separated the bank from Myanma Economic Bank.

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