Corporate News

Myanmar Employer Awards 2019 was held on December 7th 2019 at Novetel Hotel, Yangon. Out of Local and international based business companies, AYA Bank, member of the AYA Financial Group, was proudly awarded with the Best Career Advancement Program-Silver Award and People’s Choice Award-Silver Award.

Among the awards received, we are proud to have been chosen for the “Best Career Advancement Program -Silver Award” which is, identical with the Program of AYA Bank, that is, to promote the quality needs of employees with modernized improvement programs.

In order to extend the best quality services to our customers, we believe that quality of employess must be fully endowed and hence , we are conducting training and nurturing them. In addition, We are again honored to be awarded with the “People’s Choice Award (Silver Award)” as it is chosen with majority votes of the people. We will never stop striving to uphold our best of service to our loyal customers although we achieved these awards as these awards empowers our employees to move forward with our partners of AYA Bank.

The 10th Kathina Civara Dama Ceremony of AYA Financial Group family was held successfully in the morning of November 9th 2019, at the new Aung Mingalar Monastery at Kanna Road, Alone Township, Yangon. 

At the ceremony, AYA Financial Group Chairman U Zaw Zaw, and spouse Daw Htay Htay Khaing, the family members along with the generous and devoted Bank employees from various branches donated cash and kind inclusive of materials, and alms together with Kathina robes. The value of donation in-kind is (11,977,166 Kyats), in-cash is (18,446,550 kyats) and alms (5,189,500 kyats). The total donation values at (35,613,216 kyats).

The Ceremony of 10th End of Buddhist Lent Homage Ceremony was held at ROWE Building (AYA Bank Headquarters) at 8am on the 10th of October 2019. At the ceremony, Chairman U Zaw Zaw and employees paid their respect to seniors who are great in virtue, wisdom, knowledge, position and age. Seniors – Vice Chairman (1) Daw Khin Saw Oo, Vice Chairman (2) U Than Zaw  and Independent Non- Executive Director Dr. Aung Tun Thet,  gave blessings to all employees. Afterwards, the employees paid homage to Chairman U Zaw Zaw and all repected seniors and Chairman U Zaw Zaw return a word of appreciation and blessings.

EDGE Certificate for Gender Equality Ayeyarwady Bank is now the first bank in Myanmar that awarded EDGE Certificate for Gender Equality in working environment. The object of attempting to achieve this global recognized certificate is to become a better workplace which is supporting every gender the same in single sectors of office atmosphere. We are proudly sharing this record that winning International Award “EDGE Certificate for Gender Equality” is representing AYA Bank as an environment fostering equal career opportunities for women and men in the workplace. EDGE is the world-leading global assessment methodology and business certification standard for gender equality that incorporates benchmarking, metrics and accountability and recognized the organization and its working environment as a place having Gender Equality and providing the same opportunities and supportive actions to every women and men from the same working atmosphere. EDGE Certification is currently co-operating together globally with over 200 organizations and 23 different working industries in 50 Countries.

AYA Bank In an emerging economy where an estimated 90 to 95 out of every 100 registered businesses are small and medium-sized enterprises (SMEs), Zaw Zaw’s Ayeyarwady Bank wins plaudits from its peers for its lively SME business. AYA’s tactic has been to partner with multilaterals, development finance institutions and aid agencies, providing a leg-up to Myanmar’s emerging small business community.

For example, AYA has teamed up with the state-backed German Investment Corporation (DEG-KfW), as well as the United States Development Credit Agency and Japan’s JICA to identify customers and provide loans with agency support. The French government’s development wing, AFD-Proparco, is also a partner, as is the Asian Development Bank.

Today, SMEs account for 16% of AYA’s total loan book, and the bank expects that level to double by 2022 as Myanmar moves closer to middle-income status.

Asia Money 2019 Best Bank for CSR:
AYA Bank The May tour by English football team Leeds United may not have won Leeds many friends outside Myanmar, its focus was all domestic. The tour was part of AYA’s wider corporate social responsibility efforts during a busy year when it built hospitals and schools and financed ambulances across the country.

Zaw Zaw’s AYA Bank claims to have committed $90 million in CSR efforts since it was founded in 2010. Beyond sorely needed infrastructure, staff are regularly encouraged to donate blood and plant trees. AYA also sponsors disaster management programmes for vulnerable rural areas in the Ayeyarwady (Irrawaddy) river delta region, and it provided financial support for relief camps for flood victims in four stricken townships after recent inundations.

Myanmar Center for Responsible Business (MRCB) published the Fifth Pwint Thit Sa Report/ Transparency in Myanmar Enterprises (TiME) on 30th April 2019. The assessment was a joint collaboration with Yever, the Business Consultancy Group, which provided their services free of charge and in good faith. In 2019 Pwint Thit Sa report, 248 Myanmar companies were assessed through online for their disclosure of information inclusive of, 5 public listed, 55 ‘public’ companies, 160 privately-owned companies and including 28 significant state-owned economic enterprises (SOEs) for the first time. This makes 2019 Pywint Thit Sa Report the most ambitious public report on business transparency. The report aims to support the objectives of 2018 sustainable development of Myanmar and to successfully accomplish sustainable development goal (especially SDG 16). Method of survey of 2019 Pwit Thit Sa Report is same as 2018’s. Scores are given based on the information posted on the websites of the assessed companies. Corporate contents, corporate governance , sustainable managment and reporting are measured with ASEAN Corporate Governance Scorecard Criteria. MRCB and Yever have given more scores on performance of sustainable managment in 2019 Report. Details of 2019 Pwint Thit Sa can be available. AYA Bank proudly stands on the Top (10) list of the Companies with highest scores of 2019 Pwint Thit Sa Report.

A Memorandum of Understanding signing ceremony between AYA Bank and Smart Myanmar (A Project implemented by German Organization “Sequa”) was held on 30th January 2019 at 9 am at AYA Bank Limited (Headquarters), Yangon, aiming to jointly analyze environmental support projects that can provide financial services, to initiate pilot projects and to encourage more environmental loans programs in the coming years. 

At the ceremony , U Myint Zaw, Managing Director of AYA Bank, delivered a welcoming speech in which “ We are excited to support Green Financing in which businesses can thrive to create a greener environment and also is a new objective for us”. All invited dignitaries and distinguished guests attended the said ceremony. AYA Bank has been providing financing services such as AYA SME Loan and JICA Two Step Loan for SME Entrepreneurs. 

SME entrepreneurs can apply for AYA SME Loan with a loan tenure from 1 to 3 years with a maximum of  500 million Kyat in order to expand business and operate business as usual. With collateral free CGI (Loan Guarantee) system, AYA SME Loan and JICA Two Step Loan can be applied and obained through a loan guarantee services from USAID for myanmar insurance and agricultural sectors.