Contact Us
Bank Guarantee Apply Services Online
Retail Internet Banking Corporate Internet Banking

Foreign Currency Account

MCB provides foreign currency account services in the following currencies for any customers holding the currencies legally:

USD

EURO

SGD

Related Products
We help customers achieve more.

Special Benefit

  • No service fees for account opening.
  • Domestic transfer/transferring money to foreign countries and accepting transferred money from foreign countries are all conducted safely with SWIFT, the International Financial Communication Network.

Terms and Conditions

  • Account can be opened with USD/EURO/SGD unit – 100 as the initial deposit.
  • USD 10,000 or the equivalence of EURO and SGD per day can be withdrawn in maximnu from Foreign Currency Account. If the customer wants more than the mentioned amoung, it can be done by account transfer, which is free of charge.
BASIC DOCUMENTS REQUIRED

Account Opening Requirements

Find answers

Product Features

Foreign Currency Account can be opened at

  • Nay Pyi Taw Branch
  • Kyauktada Branch
  • Muse Branch
  • Mandalay Branch
  • Dawpon Branch
  • Myeik Branch
  • Bayint Naung Branch
  • Myin Chan Branch
  • Pathein Branch
  • Sittway Branch
  • Aung Lan Branch
  • Mandalay Branch (3)
  • Latha Branch
  • Monywa Branch
  • Pazundaung Branch
  • Tant Sel Branch
  • Pabedan Mini Branch
  • North Okkalapa Branch
  • Pyay Branch
  • Mandalay Branch (2)
  • Bayint Naung Mini Branch
  • Yaesakyo Branch
  • Lashio Branch
  • Bago Branch

Account can be opened with USD/EURO/SGD unit-100 as the initial deposit.

  • No service fees for account opening.
  • Domestic transfer/ transferring money to foreign countries and accepting transferred money from foreign countries are all conducted safely with SWIFT, the International Financial Communication Network.

What is Mini Grid Bridge Loan?

မြန်မာနိုင်ငံသားများဘဏ် (MCB Bank) အနေဖြင့် နိုင်ငံတော်၏ မျှော်မှန်းချက်ကို အထောက်အကူ ပြုပေးနိုင်ရန် ရည်ရွယ်ပြီး ကျေးလက်ဒေသ ဖွံ့ဖြိုး တိုးတက်ရေး ဦးစီးဌာနနှင့် ပူးပေါင်း ဆောင်ရွက်လျှက်ရှိသည့် တစ်နိုင်ငံလုံးမီးရရှိရေးအတွက်Mini-gridလုပ်ငန်းရှင်များအား အထောက်အကူ ဖြစ်စေရန် ရည်ရွယ်သော ချေးငွေအမျိုးစားဖြစ်ပါသည်။

Related Products
We help customers achieve more.

Special Benefit

  • ငွေလည်ပတ်မှု ကောင်းမွန်စေခြင်း။
  • အပေါင်ပစ္စည်း ထားရှိရန် မလိုအပ်ခြင်း။
  • တစ်နိုင်ငံလုံးမီးရရှိစေရန် MCB အနေဖြင့်လည်း အခန်းကဏ္ဍ တစ်နေရာက ပါဝင်နိုင်ခြင်း။
YOUR MONEY IS MAKING MONEY FOR YOU & YOUR FAMILY.

Interest Rates

Fee Description(MMK)
ရွေးချယ်မှု ၁ – ဘဏ်မှ ချေးငွေ ၁၀၀% အား ထုတ်ပေးမည်။ Customer မှ အတိုးအား လစဉ် သို့မဟုတ် ၃ လတစ်ကြိမ် ပေးသွားရန်သာလိုသည်။ အရင်းအား သက်တမ်းပြည့်ရက်တွင် ပြန်ဆပ်ရမည်။ (Arrear)
13% per annum
ရွေးချယ်မှု ၂ – အတိုးအား ဘဏ်မှ ထုတ်ပေးသည့်ချေးငွေပမာဏထဲမှ နှုတ်ယူမည်။ Customer မှ ထုတ်ပေးသည့်ချေးငွေအား သက်တမ်းပြည့်ရက် ပြန်ဆပ်ရမည်။ (Upfront)
13% per annum

Application Process

  • When the developer submits the prefeasibility study to DRD, he/she also needs to apply the requirement document to MCB Bank to reduce the processing time.
  • Then, he/she needs to open both USD and MMK accounts at MCB Bank.
  • The developer can apply the loan at MCB Branches.

What is JICA SME Step Loan?

JICA SME (Two-Step Loan) is provided to help develop the SMEs in Myanmar, funded by the Japan International Cooperation Agency(JICA) and mainly designed for the convenience of all SME entrepreneurs depending on their business strengths and sufficient collaterals.

Related Products
We help customers achieve more.

Special Benefit

  • With a term of over 1-5 years, SME entrepreneurs can operate their businesses well.
  • SMEs can apply for loans of MMK 500 million to build the buildings, factories, warehouses, to purchase the machineries and to make other capital investments.
  • Payments can be made monthly, quarterly or annually depending on types of business and incomes.
YOUR MONEY IS MAKING MONEY FOR YOU & YOUR FAMILY.

Interest Rates

Fee Description(MMK)
With sufficient collateral, loan will be provided with an annual interest of
7.5% p.a.
With not sufficient collateral, CGI (Credit Guarantee Insurance) backed loan will be provided
Interest rate ranges from
10 % (Premium fees for CGI is included)
Find answers

Product Features

  • Suitable for businesses that are at least 2 years old who are aiming to invest in Capital Investment such as building factory, upgrading machines, buying new machines, etc.
  • Flexible payment tenure of up to 5 years
  • 5.5%pa interest
  • Borrow up to 500 Million MMK.

What is Green Financing SME

Green Financing SME, our new fast and flexible credits up to MMK 500 million and 60 months with lower requirements of collateral is available at our MCB, one of the first banks in Myanmar. With these credits you can:

  • Improve your business by using the credit as working capital,
  • Improve your production with new machines, vehicles, and equipment with our longer term investment loans
  • Upgrade your facilities or build new ones to stay competitive with our flexible Product ‘Green Financing for SMEs’
  • Make developments, reduce wastes and perform cost-effective activities in the business to have lower impact on the environment.
Related Products
We help customers achieve more.

Special Benefit

  • Loan amounts range up to MMK 500 million.
  • Length of Loan possible to 60 months.
  • Grace periods are possible.
  • Equipment’s/Machines bought with the granted loan can also be given as collaterals for the convenience of the applicants.
  • Loan will be granted from 3-21 days after submitting the necessary documents.

MCB Green Financing Services

Our bank shall provide free consulting and advisory services on the followings as a part of the green financing project for SMEs in Myanmar in accord with the rules and regulations of the government. Waste Water Management, Energy Efficiency, Renewable Energy, Process Equipment Upgrade, Material Savings Management.

We have partnered with many Suppliers and Experts who can deliver reliable equipment and professionally install this at the clients’ premises for both your equipment that you need in your production and for Green Investments such as: waste water treatment plants, solar panels, biomass gasifiers, boilers, energy efficient lighting, motors, air compression and air conditioning and ventilation and more.

Loan Process

  • Customer makes contact with the bank.
  • Bank makes brief analysis on project size and investment plan and contacts the client if he/she is possible.
  • Responsible person from the bank visit the client and make more analysis.
  • Bank processes credit application and approves the credit.
  • Collaterals are registered at the bank and the bank grants the loan.
  • Client starts the investments with granted loan.
  • Bank monitors the performance of investment.
  • Client makes repayment and applies for new loan if needed.

Eligible Customers

Entrepreneurs
Companies
YOUR MONEY IS MAKING MONEY FOR YOU & YOUR FAMILY.

Interest Rates

Interest Rates
Nominal interest rate of 1.083% per month on remaining debt.
Find answers

Frequently Asked Questions

  • Outbound Remittance, by allowing maximum of USD 3000 per person.
  • Nominal interest rate of 1.083% per month on remaining debt.

What is Overdraft Loan?

MCB provides Overdraft Loan to entrepreneurs for the needs of working capital for their businesses.

Related Products
EMI Calculator
Find answers

Product Features

MCB provides Overdraft Loan to entrepreneurs for the needs of working capital for their businesses.

Loan Calculator

Get the right loan amount at the right rates!

EMI Calculator

What is Term Loan?

MCB provides Term Loan which can be used to make investments in the business.

Related Products
EMI Calculator
BASIC DOCUMENTS REQUIRED

Required Documents

YOUR MONEY IS MAKING MONEY FOR YOU & YOUR FAMILY.

Interest Rates

INTEREST SHALL BE PAID MONTHLY OR QUARTERLY
PER ANNUM FOR EVERY MMK 100
10%
FOR LATE INTEREST PAYMENT
14%
FOR LATE CAPITAL REPAYMENT
2%
  • Note: The term of Pledge Loan is 6 months. Depending on the interest repayment and purpose of extension, it can be negotiable for next 3 months of extension by the approval at the meeting of Board of Directors.

Loan Calculator

Get the right loan amount at the right rates!

EMI Calculator
Find answers

Product Features

MCB provides Term Loan which can be used to make investments in the business.

What is Pledge Loan?

MCB offers Pledge Loan by keeping exporters’ agricultural products as pledge to help develop the trading and manufacturing businesses.

Related Products
EMI Calculator
YOUR MONEY IS MAKING MONEY FOR YOU & YOUR FAMILY.

Interest Rates

CAPITAL CAN BE REPAID ON THE DAY THE LOAN IS MATURED (AFTER 6 MONTHS).
PER ANNUM FOR EVERY MMK 100
12%
FOR LATE INTEREST PAYMENT
14%
FOR LATE CAPITAL REPAYMENT
2%
  • Note: The term of Pledge Loan is 6 months. Depending on the interest repayment and purpose of extension, it can be negotiable for next 3 months of extension by the approval at the meeting of Board of Directors.

Loan Calculator

Get the right loan amount at the right rates!

EMI Calculator
Find answers

Product Features

MCB offers Pledge Loan by keeping exporters’ agricultural products as pledge to help develop the trading and manufacturing businesses.

International Trade Services

As our Trade Finance Department also escalate Trade transactions to meet our client needs with quick and efficient services. Moreover, accommodating your business is great opportunity for MCB and proud of working with your company. 

Related Products

Trade Services

Export
Import
Bank Guarantee
Supply Chain Financing

Export

MCB Bank provides the following services for the exporters.

Import

MCB Bank provides the following services for the importers.

Supply Chain Financing

Invoice Financing Purchase

  • ကုန်တန်ဖိုးငွေတောင်းခံလွှာပေါ်တွင် ကုန်ဝယ်ခြင်းများအတွက် ချေးကွေထုတ်ပေးခြင်း။
  • သင်္ဘောတင်ပြီး/ မတင်မီ Open A/C စနစ်ဖြင့် ဝယ်ယူထားသော ပြေစာပေါ်တွင် ချေးငွေထုတ်ပေးခြင်း။

Invoice Financing Sales

  • ကုန်တန်ဖိုးငွေတောင်းခံလွှာပေါ်တွင် ကုန်ရောင်းခြင်းများအတွက် ချေးငွေထုတ်ပေးခြင်း။
  • ကုန်ရောင်းသူမှရောင်းချထားသော ကုန်တင်ပို့သည့်စာရွက်စာတမ်းအထောက်အထားပေါ်တွင် အချိန်တိုကာလချေးငွေ ကြိုတင်ထုတ်ပေးခြင်း။
Basic documents required

Required Documents

Required Documents

  • Tender Invitation Letter (for Bid Bond Guarantee)
  • Contract (for Performance Guarantee)
  • MCB Application Form

Bank Guarantee

  • Tender or Bid Bond Guarantee
  • Performance Guarantee
  • Shipping Guarantee
  • Standby Letter of Credit (SBLC)
Downloadable Forms

Trade Finance Facility

Now, We, Myanmar Citizens Bank is also supporting Trade Finance Facilities for Exporters/ Importers.

BG Application Form
Form (tha ka)
Import LC Application Form
Remittance Application Form
Export Collection Application Form
Form A
Pamphlet
Correspondent Banks