Asia Green Development Bank
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Native name
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အာရှစိမ်းလန်းမှုဖွံ့ဖြိုးရေးဘဏ် |
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| Industry | Financial services |
| Founded | July 2, 2010 |
| Headquarters | Yangon, Burma |
| Services | Banking |
| Total assets | 366 billion kyat (US$366 million) |
| Website | www |
Asia Green Development Bank (Burmese: အာရှစိမ်းလန်းမှုဖွံ့ဖြိုးရေးဘဏ်; abbreviated AGD Bank) is a private commercial bank in Burma (Myanmar). It was one of 4 private banks to commence operations in August 2010, the first new financial institutions in the country since the establishment of Innwa Bank in 1997. Its head office is situated at Yangon, Burma. The bank announced it would become a public company when is formed in 2015. The bank was founded by Tay Za and the Htoo Group of Companies, whose 15% stake was sold to new shareholders, the most prominent of whom is Kyaw Ne Win, the grandson of Ne Win, the country's former dictator.
The AGD Bank’s Head Office and first branch was successfully opened on August 6, 2010 in Nay Pyi Taw under the organization of Htoo Group of Companies. At first, AGD bank is 100% owned and operated by “Htoo Group of Companies” which is engaged in trading, energy and mining, construction, agriculture, hotel, travel and tourism business. In February 18, 2013 with a new slogan “We, all Myanmar will develop together”, AGD bank was converted to Public Company, shares capital stands at 30.0873 billion kyats of 601746 shares in the fiscal year.
AGD Bank has been 51 branches across the country. With establish an International Banking Department, authorized as Dealer and Money Changer Licenses 45 foreign exchange counters services to the general public.
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