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Collection of Burmese Tycoon U Aung Ko Win A Family of Entrepreneurs

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MYO AUNG Myanmar
MYO AUNG Myanmar

Collection of Burmese Tycoon U Aung Ko Win A Family of Entrepreneurs https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/#2db16e1c55cb A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar https://burma.irrawaddy.com/article/2017/10/10/144045.html ျမန္မာနိုင္ငံ၌ ဘ႑ာေရးလုပ္ငန္းႀကီး တခု တည္ေဆာက္ေနသည့္ KBZ မိသားစု “သူတို႔ဟာ ျမန္မာျပည္မွာ အေရးႀကီးဆုံးကုမၸဏီတစ္ခုပဲ ျဖစ္ပါတယ္။ လူ႕အရင္းအျမစ္၊ အလုပ္အကိုင္ ရရွိေရး၊ ပြင့္လင္းျမင္ သာမႈနဲ႕ စီးပြားလက္ေတြ႕နယ္ပယ္ စတာေတြမွာ ေရွ႕ေရာက္ပါတယ္။ တနည္းအားျ U Aung Ko Win – KBZ chairman Kanbawza Group of Companies, one of the country’s largest conglomerates, includes KBZ Bank, which is said to have the country’s largest branch network, with 250 branches. In its 2015 survey on corporate transparency, the Myanmar Centre for Responsible Business ranked the Kanbawza Group 3rd (after Serge Pun and Associates and the Max Myanmar Group of Companies), down from 1st in 2014. The KBZ Group was active in helping with the supply and distribution of aid and relief supplies to flood affected areas in July and August. Aung Ko Win (aka)-Sayar Kyaung

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10/11/2017 A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/#2db16e1c55cb 1/9  Business #ForeignAffairs OCT 4, 2017 @ 08:40 PM 3,544  / / A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar Forbes Asia Special Reports FULL BIO Opinions expressed by Forbes Contributors are their own. Ron Gluckman, Contributor This story appears in the October 2017 issue of Forbes Asia. Subscribe When a husband-and-wife team took over KBZ Bank in remote northern Myanmar in 1996, it had all the trappings of a mom-and-pop operation. She was a local schoolteacher. He also had been a teacher, then he switched to tutoring before going into trading and mining. Today two of their daughters help run things, and it's still entirely owned by the family.
10/11/2017 A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/#2db16e1c55cb 2/9 But looks can be deceiving. Aung Ko Win and wife Nan Than Htwe have built KBZ into by far the biggest bank and one of the largest companies in the country. KBZ Group boasts two airlines, Air KBZ and Myanmar Airways International, and holds stakes in the agriculture, real estate and tourism industries. The Adam Dean For Forbes In the spotlight: sisters Nang Lang Kham and Marlene Nang Kham Noung. [+]
10/11/2017 A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/#2db16e1c55cb 3/9 two sent the daughters overseas for management degrees and this year brought in a professional chief executive. They may raise money in a stock market listing to invest in new businesses at home and abroad. Myanmar aspires to be Asia's next tiger economy, and to get there it's counting on companies such as KBZ to upgrade its skills and become internationally competitive. "We don't want to be the best bank in Myanmar," says second daughter Marlene Nang Kham Noung. "We want to be among the best in the world." KBZ claims 40% of the country's bank deposits, and its deposits have exploded since the country opened up, growing at an average annual rate of 43% since 2012. Last year it became the first Myanmar bank to open offices in Thailand, Malaysia and Singapore, neighboring markets that are not only important for doing cross-border business but also for collecting remittances from millions of overseas workers. In March, KBZ announced a landmark deal with Sumitomo Mitsui Banking Corp. to expedite fund transfers in the U.S. A deal like that would have been unimaginable a few years ago, when strict U.S. sanctions against Myanmar were still in effect. A majority-owned unit also controls roughly a third of the country's insurance market, and the annual growth in the premiums it collects tops 40%. It's the local front-runner in other financial services, too, such as credit cards. Across the empire, analysts praise KBZ's planning, management and smart investments. "They are definitely one of the most important companies in Myanmar," says a consultant in Yangon. "They are ahead of the curve on everything: human resources, recruiting, transparency and business practices. Others talk, but KBZ is really working to be the best." The bank employs almost 20,000 people and notes that it's the country's biggest taxpayer: It paid nearly $25 million last year. Even so, the bank represents less than a fourth of KBZ's 80,000 workers. Privately held, the company doesn't disclose figures for revenue and profits. Long groomed for the spotlight, Marlene, 26, and sister Nang Lang Kham, 29, are both executive directors of KBZ Group and deputy CEOs of KBZ Bank. They're regarded as two of the brightest lights in a wave of
10/11/2017 A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/#2db16e1c55cb 4/9 young Myanmar business leaders. Nang is in demand as a conference speaker, with foreign executives keen for insights into the country's business reboot. Marlene seems to be the deep thinker; she originally planned a career in the foreign service. The pair exudes a bubbly, infectious energy. The upbeat impression is heightened by a tour of a KBZ office. With an incubator lab and walls sporting signs with bright, inspirational messages, it could be the home of a tech startup. The sisters buzz about investments in high-speed internet to connect the bank's branches and about creative digital-advertising campaigns targeting customers on mobile phones. They mention a tie-in with Viber, a popular voice-and-messaging service that uses the internet. The conversations seem ordinary, except that this is a country where cellphones and the internet were outlawed until not long ago. In May, KBZ won praise for hiring an American banker, Mike DeNoma, as chief executive. He has extensive experience around Asia, including serving as CEO of Taiwan's Chinatrust Commercial Bank and expanding it to ten countries. "This is an amazing time for Myanmar," he says. "Where else in the world can you find a country where 30% of the people have electricity, 20% have a bank account, but 90% have smartphones?" He says KBZ will continue to modernize. "Within six months, you'll see a lot, like anywhere-anytime banking."
10/11/2017 A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/#2db16e1c55cb 5/9 KBZ has managed to avoid being tainted by the corruption that's plagued Myanmar for decades (and by the current Rohingya refugee crisis). International organizations put the bank through meticulous vetting before signing on as a partner on various projects, and these groups heap praise on KBZ. "In terms of business operations they grade very high," says a senior official with a large international financier. "They “They genuinely care about investing in the country”: Aung Ko Win and wife Nan Than Htwe; their third daughter, Tracy[+]
10/11/2017 A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/#2db16e1c55cb 6/9 can be aggressive, but they don't just chase wealth. They genuinely care about investing in the country, and its future, by supporting its upcoming entrepreneurs." KBZ has focused on its human-resources department, working to make sure it treats employees well. It's also spending money on corporate social responsibility. Its Brighter Future Myanmar Foundation has financed water projects in the parents' home Shan State, independent advocacy films and the Yangon Photo Festival, controversial for highlighting uncensored photojournalism. In 2014, KBZ was ranked No. 1 for transparency by the Myanmar Centre for Responsible Business. One of KBZ's first businesses was mining for rubies in Shan State. Mining in Myanmar is a murky industry marked by smuggling and payoffs to generals, and a report by London-based Global Witness in 2015 outlined the corruption. The group says KBZ was one of the only companies to cooperate with research for the expos?. The mine is still operational, according to a KBZ spokeswoman, but the focus is now on reforestation and modernization. "We are committed to responsible mining," she says. The KBZ website notes: "We are committed to meeting international norms and standards in all our business operations. We have zero-tolerance policies for bribery or facilitation payments." Some of Nan's fellow teachers formed Kanbawza Bank in 1994 as a sort of credit union in the Shan State capital of Taunggyi. (KBZ is short for Kanbawza, a Pali word for the Shan region.) Aung's trading and mining business prospered , and two years later, he bought the banking operation. Aung (now 55) moved KBZ and his family to Yangon in the late 1990s, when there were only 4 branches. Now there are 485, and KBZ expects to reach 500 by the end of the year. The family lived in the headquarters building--customers bustled in the branch at street level with offices above, while home was the top floor. "Nang always wanted to work in the bank," says Marlene. "But now we both are really involved." Adds Nang: "Banking is exciting, really one of the last frontiers here. We grew up in the bank. Even as kids, we were always there, greeting customers. We always felt a part of it."
10/11/2017 A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/#2db16e1c55cb 7/9 Like many children of the elite in Myanmar, Nang and Marlene were sent to school overseas. Nang studied business administration and management at the National University of Singapore, then earned a master's degree in management at the University of Sydney. Marlene spent four years at Georgetown University's School of Foreign Service in Qatar before getting a master's degree in innovation, entrepreneurship and management from Imperial College Business School in London. (The youngest sister, Tracy Nang Mo Hom, 21, is training to be a doctor.) The sisters praise their parents' acumen in building the business. Their mother, 60, the vice chairman, is described as the ultimate bean counter and has the final say on all financing. "Dad is very progressive," notes Nang. "He knows more about Facebook than us, and he's not on Facebook!" Instead, she says, he spends lots of time in Myanmar's original information highway--tea shops. "He goes and listens to everyone." The first candidate for a listing among the company's many businesses might be insurance, the sisters acknowledge. But the options are numerous, and KBZ holds many cards. "Our dad is the strategist," says Nang. "In any business you have to have a plan. Even when we were very young, they had a plan."
10/11/2017 ြမန်မာ ိင်ငံ၌ ဘ ာေရးလပ်ငန်း ကီး တခ တည်ေဆာက်ေနသည့် KBZ မိသားစ https://burma.irrawaddy.com/article/2017/10/10/144045.html 1/9 10 October 2017ဧရ§ဝတ© ¬ဆ§င±°ပ¦° ¶မန±မ§Ð¨ªင±င®၌ ဘÔ§¬ရ°လªပ±ငန±°¹က©° တခª တည±¬ဆ§က±¬နသည¯± KBZ မ¨သ§°စª
10/11/2017 ြမန်မာ ိင်ငံ၌ ဘ ာေရးလပ်ငန်း ကီး တခ တည်ေဆာက်ေနသည့် KBZ မိသားစ https://burma.irrawaddy.com/article/2017/10/10/144045.html 2/9 ၁၉၉၆ ခªÐ´စ±ခနÚ±ဆ©က ¶မန±မ§¶ပည±¬¶မ§က±ပ¨ªင±°၌ ဇန©°¬မ§င±Ð´®Ð´စ±ဦ°က က¬မž§ဇဘဏ±က¨ª စတင±တည± ¬ထ§င±ခ­¯စα ဖခင± дင¯± မ¨ခင±¶ဖစ±သ«သ§ ဦ°စ©°လªပ±က¨ªင±ခ­¯ ¶ခင±°¶ဖစ±သည±။၁၉၉၆ ခªÐ´စ±ခနÚ±ဆ©က ¶မန±မ§¶ပည±¬¶မ§က±ပ¨ªင±°၌ ဇန©°¬မ§င±Ð´®Ð´စ±ဦ°က က¬မž§ဇဘဏ±က¨ª စတင±တည± ¬ထ§င±ခ­¯စα ဖခင± дင¯± မ¨ခင±¶ဖစ±သ«သ§ ဦ°စ©°လªပ±က¨ªင±ခ­¯¶ခင±°¶ဖစ±သည±။ ထ¨ªစαက ဇန©°¶ဖစ±သ«မ´§ ယင±°¬ဒသမ´ ¬က²§င±°ဆရ§မတဦ°¶ဖစ±¸ပ©°၊ ခင±ပ³န±°သည±မ´§လည±° ကªန±သ³ယ± ¬ရ°Ð´င¯± ¬က²§က±မ²က± သတ– Ë ရ´§¬ဖ³¬ရ°လªပ±ငန±° မ လªပ±က¨ªင±မ©အထ¨ စ§သင±သည¯± အလªပ±က¨ªသ§ လªပ±က¨ªင±ခ­¯သည±။ ယ¬နÚမ´§¬တ§¯ ဇန©°¬မ§င±Ð´® дစ±ဦ°သ§မက သမ©°Ð´စ±¬ယ§က±ပ¦ မ¨ဘစ©°ပ³§°¬ရ°က¨ª ဝင±¬ရ§က± လªပ± က¨ªင±¬န·က¸ပ©¶ဖစ±ရ§ ၎င±°တ¨ªÚလªပ±ငန±°အ§°လª®°က¨ª သ«တ¨ªÚ မ¨သ§°စªက လª®°လª®°လ²§°လ²§° ပ¨ªင±ဆ¨ªင±¬န¬တ§¯၏။ သ¨ªÚ¬သ§± ထ¨ªအ¶ခင±°အရ§မ²§°သည± မ²က±လ´ည¯±¶ပလ¨ªက±သက­¯သ¨ªÚရ´¨၏။ ယ¬နÚ၌မ« ဦ°¬အ§င±က¨ªဝင±°Ð´င¯± ဇန©° ¬ဒµနန±°သန±°¬ထ³° တ¨ªÚသည± က¬မž§ဇ (KBZ) က¨ª အ¹က©°ဆª®°ဘဏ±အ¶ဖစ± တည±¬ထ§င±Ð¨ªင±ခ­¯¸ပ© ¶ဖစ±¸ပ©° ဤတ¨ªင±°¶ပည±တ³င± အ¹က©°မ§°ဆª®°¬သ§ ကªမ›ဏ©မ²§°ထ­မ´§ တခªအ¶ဖစ± ရပ±တည±Ð¨ªင±လ²က±ရ´¨သည±။ KBZ လªပ±ငန±°စªက Air KBZ дင¯± Myanmar Airways International ဟ«၍ ¬လ¬·က§င±°လ¨ªင±° дစ±လ¨ªင±°က¨ª တ¨ª°ခ²­Ùလªပ±က¨ªင± Шªင±ခ­¯¸ပ©° စ¨ªက±ပ²¨Ë°¬ရ°၊ အ¨မ±¶ခ®¬¶မ дင¯± ခရ©°သ³§°လªပ±ငန±°တ¨ªÚပ¦ ပ¦ဝင±သည±။ သမ©°Ð´စ±¬ယ§က±က¨ª Шªင±င®¶ခ§°ပ¨ªÚ၍ စ©မ®ခနÚ±ခ³­ဘ§သ§ရပ±သင±ယ«¬စက§ ယခªÐ´စ±တ³င±က½မ±°က²င¯±အဆင¯± အမʬဆ§င±အရ§ရ´¨ အ¶ဖစ± တ§ဝန±ယ«¬စသည±။ ၎င±° မ¨သ§°စªသည± ¶ပည±တ³င±°¶ပည±ပရ´¨ သ«တ¨ªÚ၏ စ©°ပ³§°¬ရ° လªပ±ငန±°သစ±မ²§°တ³င± ရင±°Ð´©°¶မÉပ±Ð´®ရန± အတ³က± စ¬တ§¯¬ဈ°က³က±ရ´¨ ¬င³¬·က°မ²§°က¨ª ¶မÉင¯±တင±¬က§င±°¶မÉင¯± တင±Ð¨ªင±လ¨မ¯±မည±¶ဖစ±သည±။ ¶မန±မ§Ð¨ªင±င®သည± အ§ရ´တ³င± ¬န§က±ထပ±တ¨ª°လ§မည¯± က²§°တ¬က§င±အ¶ဖစ±သ¨ªÚ အÑ«°အမ«°¬ရ§က±ခ²င± ¬နသည±¶ဖစ±ရ§ ¶ပည± တ³င±°ရ´¨ KBZ က­¯သ¨ªÚလªပ±ငန±°မ²¨Ë°က Шªင±င®တက§Ð´င¯± ရင±¬ပ¦င±တန±° ¸ပ¨Ëင±ဆ¨ªင±Ð¨ªင± သည¯± အဆင¯±သ¨ªÚ ¶မÉင¯±တင±Ð¨ªင±ရန±လ¨ªသည±။ “က²မတ¨ªÚက ¶မန±မ§Ð¨ªင±င®မ´§ပ­ အ¬က§င±°ဆª®°ဘဏ±¶ဖစ±ခ²င±တ§ မဟªတ±ပ¦ဘ«°။ ကမž§မ´§ပ¦ အ¬က§င±°ဆª®° ¶ဖစ±ခ²င±တ§ပ¦” ဟª ဒªတ¨ယသမ©°¶ဖစ±သ« ¬ဒµနန±°ခမ±° ¬န§င¯±က ¬¶ပ§·က§°သည±။ KBZ ဇန©°¬မ§င±Ð´®Ð´င¯± သမ©°မ²§° / Forbes
10/11/2017 ြမန်မာ ိင်ငံ၌ ဘ ာေရးလပ်ငန်း ကီး တခ တည်ေဆာက်ေနသည့် KBZ မိသားစ https://burma.irrawaddy.com/article/2017/10/10/144045.html 3/9 KBZ သည± တ¨ªင±°¶ပည±၏ ဘဏ±အပ±¬င³ ၄၀ ရ§ခ¨ªင±ÐÊန±°က¨ª လက±ခ®ထ§°ရ´¨¸ပ©° ယင±°ပမ§ဏသည± တ¨ªင±°¶ပည±ပ³င¯±လင±°လ§စα ကတည±°က ရရ´¨လ§¶ခင±°¶ဖစ±¸ပ©° ၂၀၁၂ ခªÐ´စ±မ´စတင±၍ дစ±စαပ²မ±°မÀ ၄၃ ရ§ခ¨ªင±ÐÊန±° တ¨ª°တက±လ²က±ရ´¨ပ¦သည±။ ¸ပ©°ခ­¯သည¯±Ð´စ±က ထ¨ªင±°၊ မ¬လ°ရ´§°Ð´င¯± စင±က§ပ«တ¨ªÚတ³င± ¶မန±မ§Ð¨ªင±င®မ´ လ§¬ရ§က±ဖ³င¯±လ´စ±သည¯± ပထမဆª®°ဘဏ±အ¶ဖစ± KBZ က ဖ³င¯±လ´စ±Ð¨ªင±¶ခင±°¬·က§င¯± အ¨မ±န©°ခ²င±°Ð¨ªင±င®မ²§° ¬ဈ°က³က±တ³င± နယ±စပ±ကªန±သ³ယ±¬ရ°အတ³က± အ¬ရ°ပ¦Ñª®မကဘ­ ¶ပည±ပ ¬ရ§က± ¶မန±မ§အလªပ±သမ§°ထ®မ´ ¬င³လ¼­မÊမ²§°က¨ªပ¦ စªစည±°Ð¨ªင±ခ­¯¸ပ© ¶ဖစ±သည±။ ¸ပ©°ခ­¯သည¯±မတ±လတ³င± ဆ«မ©တ¨ªမ¨ª မစ±ဇ«ရ© ဘဏ±¬က§±ပ¨ª¬ရ°ရ´င±°Ð´င¯± အ¬ရ°ပ¦သည¯± သ¬ဘ§တ«ည©ခ²က± ရရ´¨ခ­¯¸ပ©°၊ အ¬မရ¨ကန± ¶ပည±¬ထ§င±စªတ³င± ဘÔ§¬ရ° ဆ¨ªင±ရ§ အဆ©°အတ§°မရ´¨ ပ«°¬ပ¦င±°လªပ±က¨ªင±Ð¨ªင±¸ပ©° ¶ဖစ±¬·က§င±° KBZ က¬·ကည§သည±။ ယင±°သ¨ªÚ ¬·ကည§Ð¨ªင±¶ခင±°မ´§ အ¬မရ¨ကန±က ¶မန±မ§က¨ª ပ¨တ±ဆ¨ªÚဒဏ±ခတ±မÊမ²§° ¶ပËလªပ±ထ§°¶ခင±°မ´ ¬¶ဖ¬လ²§¯¬ပ°¸ပ©°သည¯± ¬န§က±ပ¨ªင±° ယခင±ကစ¨တ±က«°အ¨ပ±မက± တစ±ခª အ¬က§င±အထည±¬ပµလ§¶ခင±°ဟª ဆ¨ªÐ¨ªင±သည±။ အမ²§°စªပ¨ªင±ဆ¨ªင±မÊတခªက တ¨ªင±°¶ပည±၏ တတ¨ယ¬¶မ§က± အ¹က©°ဆª®°အ§မခ®¬ဈ°က³က±က¨ªလည±° အ·ကမ±°ဖ²င±°အ§°¶ဖင¯± ထ¨န±° ခ²Ëပ±Ð¨ªင±¸ပ©¶ဖစ±¸ပ©°၊ ၄၀ ရ§ခ¨ªင±ÐÊန±° ¶ဖင¯± ထ¨ပ±တန±°မ´ရ´¨က§ ပရ©မ©ယ® дစ±စαတ¨ª°တက±လ²က±ရ´¨ပ¦သည±။ KBZ သည± အ¬¿က°ဝယ±ကတ± (Credit Card)က­¯သ¨ªÚ အ¶ခ§°ဘÔ§¬ရ° ဝန±¬ဆ§င±မÊမ²§°တ³င±လည±° ¶ပည±တ³င±°၌ ထ¨ပ±တန±° မ´ ဦ°¬ဆ§င±¬နသည±။ အက­ခတ± သမ§°မ²§°က KBZ ၏ အစ©အစαမ²§°၊ စ©မ®ခနÚ±ခ³­မ²§°၊ ရင±°Ð´©°¶မÉËပ±Ð´®မ²§°Ð´င¯± ပတ±သက±¸ပ©° ခ²©°က²Ì°·ကသည±။ “သ«တ¨ªÚဟ§ ¶မန±မ§¶ပည±မ´§ အ¬ရ°¹က©°ဆª®°ကªမ›ဏ©တစ±ခªပ­ ¶ဖစ±ပ¦တယ±။ လ«Úအရင±°အ¶မစ±၊ အလªပ±အက¨ªင± ရရ´¨¬ရ°၊ ပ³င¯±လင±°¶မင± သ§မÊန­Ú စ©°ပ³§°လက±¬တ³Ù နယ±ပယ± စတ§¬တ³မ´§ ¬ရ´Ù¬ရ§က±ပ¦တယ±။ တနည±°အ§°¶ဖင¯±ဆ¨ªရရင± KBZ ဟ§ အ¬က§င±°ဆª®°¶ဖစ± ¬အ§င± တကယ¯±က¨ªလªပ±Ð¨ªင±ပ¦တယ±” ဟª ရန±ကªန±¸မ¨ËÙမ´ အတ¨ªင±ပင±ခ®တစ±ဦ°က မ´တ±ခ²က±ခ²သည±။ ၎င±°ဘဏ±သည± ဝန±ထမ±°¬ပ¦င±° дစ±¬သ§င±°¬က²§±က¨ª အလªပ±¬ပ°ထ§°Ð¨ªင±¸ပ©° တ¨ªင±°¶ပည±က¨ª အ¹က©°မ§°ဆª®° အခ³န±ထမ±°သ« အ¶ဖစ±လည±° အသ¨အမ´တ±¶ပ˶ခင±°ခ®ရ သည±။ ¸ပ©°ခ­¯သည¯±Ð´စ±က အ¬မရ¨ကန±¬ဒµလ§ ၂၅ သန±°န©°ပ¦° အခ³န±ထမ±°¬ဆ§င±ခ­¯သည±။ KBZ လªပ±ငန±°စª၏ ဝန±ထမ±°¬ပ¦င±° ရ´စ±¬သ§င±°အနက± ဘဏ±ဝန±ထမ±°မ²§°က ¬လ°ခ²¨Ë°တစ±ခ²¨Ë°မÀရ´¨¸ပ©°၊ အတ³င±°စည±°အ§°¶ဖင¯± ကªမ›ဏ©သည± အခ³န±¬တ§±Ð´င¯± အ¶မတ±တ¨ªÚ၏ အခ²က±အလက±က¨န±°ဂဏန±°မ²§°က¨ª ထªတ±¬ဖ§±¶ခင±°မရ´¨¬ပ။
10/11/2017 ြမန်မာ ိင်ငံ၌ ဘ ာေရးလပ်ငန်း ကီး တခ တည်ေဆာက်ေနသည့် KBZ မိသားစ https://burma.irrawaddy.com/article/2017/10/10/144045.html 4/9 ¬ဒµမ§လင±° နန±°ခမ±°¬န§င¯±မ´§ ၂၆ အရ³ယ±ရ´¨¸ပ©¶ဖစ±¸ပ©°၊ အမ¶ဖစ±သ« ¬ဒµနန±°လ¨ªင±ခမ±°မ´§ အသက± ၂၉дစ±ရ´¨က§ дစ±ဦ°လª®°မ´§ က¬မž§ဇ ဘဏ±အªပ±စª (KBZ)၏ အမʬဆ§င± ဒ¦Ñ¨ªက±တ§မ²§°အ¶ဖစ± တ§ဝန±ယ«ထ§°သလ¨ª က¬မž§ဇဘဏ± လ©မ¨တက±၏ ဒªတ¨ယ အမʬဆ§င± အရ§ရ´¨ခ²Ëပ±မ²§°အ¶ဖစ±လည±° ¶ဖစ±သည±။ သ«တ¨ªÚက¨ª ¶မန±မ§ လ«ငယ±စ©°ပ³§°¬ရ°¬ခ¦င±°¬ဆ§င±မ²§°လØင±°လª®°တခª၏ ·ကယ±ပ³င¯±Ð´စ±ပ³င¯±အ¶ဖစ± မ´တ±ယ«·ကသည±။ နန±°လ¨ªင±ခမ±°သည± တ¨ªင±°¶ပည±စ©°ပ³§°¬ရ° ¶ပန±လည±ဦ°¬မ§¯¬စရန± စ³မ±°¬ဆ§င±မÊအပ¨ªင±° ¬¶ပ§·က§°¬ပ°ရန± Шªင±င®¶ခ§°မ´ စ©°ပ³§°¬ရ° လ«ငယ±ည©လ§ခ®တက±¬ရ§က±ဖ¨ªÚ ဖ¨တ±·က§°¶ခင±°ခ®ရသည±။ မ§လင±°သည± ¬လ°¬လ°နက±နက± စα°စ§°တတ±သ«တဦ°က­¯သ¨ªÚ သ³င±¶ပင±လက‡ဏ§ရ´¨¸ပ©° Шªင±င®¶ခ§°ဝန±¬ဆ§င±မÊမ²§°တ³င± တက±လမ±°ရ´¨သ« အ¶ဖစ± ¬မÀ§±မ´န±°ထ§°သည±။ KBZ ဘဏ±တ³င± အမʬဆ§င±အရ§ရ´¨မ²§°အ¶ဖစ±တ§ဝန±ယ«ထ§°သည¯± သမ©°Ð´စ±ဦ°
10/11/2017 ြမန်မာ ိင်ငံ၌ ဘ ာေရးလပ်ငန်း ကီး တခ တည်ေဆာက်ေနသည့် KBZ မိသားစ https://burma.irrawaddy.com/article/2017/10/10/144045.html 5/9
10/11/2017 ြမန်မာ ိင်ငံ၌ ဘ ာေရးလပ်ငန်း ကီး တခ တည်ေဆာက်ေနသည့် KBZ မိသားစ https://burma.irrawaddy.com/article/2017/10/10/144045.html 6/9 သ«တ¨ªÚ ည©အစ±မдစ±ဦ°၏ ဂªဏ±သတင±°မ´§ ¬မ¼°ပ²®¬န¸ပ©°၊ KBZ Ѫ®°သ¨ªÚ အလည±တ¬ခ¦က±သ³§°¶ခင±°¶ဖင¯± တစª®တခª¬သ§ ယª®·ကည± စ¨တ±ခ²မÊအဟªန±က¨ª ¶မင¯±တက±လ§¬စ သလ¨ª ခ®စ§°ရသည±။ အမ¨¬¶မက¨ª ¶ပန±လည±အက²¨Ë°¶ပËမည¯± သ§°¬က§င±°သမ©°မ³န±မ²§° ¬မ³°ဖ³§°¬ပ°ရန± ဥခ³®မ´¬ဖ§က±ထ³က±ရန± Ѫန±°ကန±¬ပ°သည¯± ခ³န±အ§°က¨ªလည±° ရရ´¨လ¨ªက±သည±။ ¬တ§က±ပသည¯±အန§ဂတ±မ²§°က¨ª ¶မင±ရသည±။ ည©မдစ±¬ယ§က±သည± ¶မန±ÐÊန±°¶မင¯± အင±တ§နက±က³န±ရက±က¨ª သª®°စ³­လ²က± ဘဏ±ခ³­အသ©°သ©°Ð´င¯± ခ²¨တ±ဆက±က§ မ¨ªဘ¨ªင±°လ± ဖªန±°သª®°စ³­သ« ¬ဖ§က±သည±မ²§°က¨ª ပစ±မ´တ±ထ§°သည¯± ဒ©ဂ²စ±တယ±မ§°ကက±တင±°က¨ªလည±° ဖန±တ©°¬န·ကသည±။ လ«¹က¨Ëက±မ²§°သည¯± Viber ဆက±သ³ယ±မÊမ´လည±° အသ®Ð´င¯±သတင±°အခ²က±အလက±တ¨ªမ²§°က¨ª ¶ဖနÚ±¬ဝ ¬န·ကသည±၊ ဤ တ¨ªင±°¶ပည±သည± ဆ­လ±ဖªန±°မ²§°¶ဖင¯± အင± တ§နက±သª®°စ³­¶ခင±°က¨ª မ·က§¬သ°မ© အခ²¨န±အထ¨ ကနÚ±သတ±ခ­¯¬သ§±¶င§°လည±° အင±တ§နက±လ¨ªင±°မ¨¬သ§ ဖªန±°¬ပµမ´ စက§°¬¶ပ§ဆ¨ª¶ခင±° မ²§°က¬တ§¯ Ѩª°ရ´င±°¬န ဆ­ရ´¨သည±။ KBZ သည± ၎င±°ဝန±ထမ±°မ²§° ¬က§င±°¬က§င±°မ³န±မ³န± အလªပ±လªပ±Ð¨ªင±ရန± ရည±ရ³ယ±လ²က± လ«သ§°အရင±° အ¶မစ± (HR) ဌ§နက¨ª အထ«°အ§Ñª®စ¨ªက±သည±။ ထ¨ªÚအ¶ပင± လ«မÊက«ည©¬ရ°က¨စ‹မ²§°အတ³က±လည±° ¬င³¬·က° ကªန±က²ခ®သည±။ သ«တ¨ªÚ တည±¬ထ§င±ထ§°သည¯± အန§ဂတ±အလင±°တန±°¬ဖ§င±¬ဒ°ရ´င±°သည± ရ´မ±°¶ပည±နယ±တ³င± ¬ရရရ´¨¬ရ° စ©မ®က¨န±°မ²§°၊ သဘ§၀ ¬ဘ°အЖရ§ယ±က²¬ရ§က±သည¯± ¬ဒသမ²§°တ³င± က«ည©¶ခင±°¶ဖစ±လည±°¬က§င±°၊ က²န±°မ§¬ရ°¬စ§င¯±¬ရ´§က±မÊ အပ¨ªင±° တ³င±လည±°¬က§င±°၊ ရန±ကªန±ဓ§တ±ပª®ပ³­¬တ§±တ³င± လ³တ±လပ±သည¯± လʮ٬ဆ§±¬ရ° Forbes 
10/11/2017 ြမန်မာ ိင်ငံ၌ ဘ ာေရးလပ်ငန်း ကီး တခ တည်ေဆာက်ေနသည့် KBZ မိသားစ https://burma.irrawaddy.com/article/2017/10/10/144045.html 7/9 ဇ§တ±က§° မ²§°၊ ဆင±ဆ§မ­¯သတင±° ဓ§တ±ပª® ပည§ ¬ရ´Ùတန±°တင±¶ခင±°အတ³က± ¬ဆ³°¬Ð³°¶ခင±°စသည¯±လÊပ±ရ´§°မÊမ²§° အတ³က± ဘÔ§¬ရ°ဆ¨ªင±ရ§ တ§ဝန±ယ«ထ§° သည±။ ၂၀၁၄ ခªÐ´စ±တ³င± KBZ သည± တ§ဝန±သ¨လªပ±ငန±°မ²§°အတ³က± ¶မန±မ§စင±တ§(Myanmar Centre for Responsible Business)၏ န®ပ¦တ± ၁ အဆင¯± သတ±မ´တ± ¶ခင±°ခ®ရသည±။ က¬မž§ဇ၏ ပထမဆª®°လªပ±က¨ªင±¬သ§ လªပ±ငန±°တစ±ခªမ´§ ရ´မ±°¶ပည±နယ±တ³င± ပတ– ¶မ§°တ«°¬ဖ§±¬ရ° လªပ±ငန±°¶ဖစ±သည±။ ¶မန±မ§ Шªင±င®တ³င± ¬က²§က±မ²က±ရတန§ တ«°¬ဖ§±¬ရ°သည± စစ±ဗ¨ªလ±ခ²Ëပ±¹က©°မ²§°က လ«မသ¨သ«မသ¨ လªပ±က¨ªင±¸ပ©° ခ¨ª°ထªတ±¬န¬သ§ လªပ±ငန±°¶ဖစ±¬·က§င±° အက²င¯±ပ²က±¶ခစ§°မÊအ¶ဖစ± လန±ဒန±အ¬¶ခစ¨ªက± ကမž§တလ¼§°¬စ§င¯±·ကည¯±¬ရ°အဖ³­Ù၏ ၂၀၁၅ ခªÐ´စ± အစ©ရင±ခ®စ§က ¬ဖ§±¶ပသည±။ ၎င±°အဖ³­Ùကပင± KBZ သည± မ¨မ¨တ¨ªÚ သª¬တသနစစ±တမ±°အတ³က± ဖ³င¯±ခ²¶ပရ­¸ပ©° ပ«°¬ပ¦င±°¬ဆ§င±ရ³က±ရ´¨ သည¯± တခªတည±°¬သ§ ကªမ›ဏ©¶ဖစ±¬·က§င±° ဆက±လက± ¬ဖ§±¶ပသည±။ ¬က²§က±မ²က±တ«°¬ဖ§±¬ရ°မ´§ လက±ရ´¨လªပ±က¨ªင±¬နဆ­¶ဖစ±¬·က§င±°၊ သ¨ªÚ¬သ§± သစ±¬တ§¶ပန±လည±ပ²¨Ë°¬ထ§င±¬ရ°Ð´င¯± ¬ခတ±မ©နည±°စနစ± သª®°စ³­¬ရ° ဘက± အ§Ñª®စ¨ªက±¬န¬·က§င±° က¬မž§ဇမ´ ¬¶ပ§¬ရ°ဆ¨ªခ³င¯±ရ´¨ သ«အမ²¨Ë°သမ©°တစ±ဦ°က ¬¶ပ§·က§°သည±။ “က²မတ¨ªÚက¨ª တ«°¬ဖ§±¬ရ° လªပ±ငန±°လªပ±ခ­¯အတ³က± တ§ဝန±ရ´¨တယ±လ¨ªÚ ¬¶ပ§ဆ¨ª¶ခင±°ခ®ရပ¦တယ±” ဟª သ«မက ¬¶ပ§·က§°သည±။ က¬မž§ဇ၏ အင±တ§နက±စ§မ²က±Ð´§တ³င±လည±° “ က½န±¬တ§±တ¨ªÚရ­Ùလªပ±ငန±°အ§°လª®°န­Úပတ±သက±¸ပ©° Шªင±င®တက§စ®ÐÊန±°Ð´င¯± အဆင¯±သတ±မ´တ±ခ²က± အစည±°အ¬ဝ°တက±ဖ¨ªÚ ¬ခµယ«¶ခင±°ခ®ရပ¦တယ±။ က½န±¬တ§±တ¨ªÚမ´§ လ§ဘ±¬ပ°လ§ဘ±ယ«မÊ၊ ဒ¦မ´မဟªတ± ညɨÐØင±°¬·က°¬ပ°တ§မ²¨Ë° လª®°ဝလက±မခ®ဖ¨ªÚ မ«ဝ¦ဒခ²ထ§°ပ¦ တယ±” ဟª ¬ရ°သ§°ထ§°သည±။ ၎င±°¬က²§င±°ဆရ§မ¨သ§°စªသည± က¬မž§ဇဘဏ±လ©မ¨တက±က¨ª ၁၉၉၄ ခªÐ´စ±တ³င± ရ´မ±°¶ပည±နယ±¸မ¨ËÙ¬တ§± ¬တ§င±¹က©°တ³င± ¬င³¬ခ²°လªပ±ငန±°ပª®စ®မ²¨Ë°¶ဖင¯± စတင± တည±¬ထ§င±ခ­¯¸ပ©°၊ KBZ ဆ¨ªသည±မ´§ ရ´မ±°¶ပည±နယ± ဟ«¬သ§ ပ¦ဠ¨စက§°လª®° က¬မž§ဇ က¨ª အတ¨ª¬က§က±¬ခµ¬ဝµ¶ခင±°¶ဖစ±သည±။ ¬အ§င±ကªန±သ³ယ±¬ရ°Ð´င¯±¬က²§က±မ²က±တ«°¬ဖ§±¬ရ°လªပ±ငန±°အတ³င±° တ¨ª°တက±¬¶ပ§င±°လ­ခ­¯¸ပ©° ဘဏ± လªပ±ငန±°က¨ªပ¦ လªပ± က¨ªင±Ð¨ªင±ခ­¯သည±။ အသက± ၅၅ дစ± အရ³ယ±ရ´¨¸ပ©¶ဖစ±သည¯± ဦ°¬အ§င±က¨ªဝင±°သည± သ«Úလªပ±ငန±°က¨ª KBZ ဟªအမည±တပ±¸ပ©°¬န§က± ၁၉၉၀ ¶ပည¯±လ³န±Ð´စ±မ²§°အကªန±ပ¨ªင±°တ³င± ရန±ကªန±သ¨ªÚ မ¨သ§°စª ¬¶ပ§င±°¬ရ¼Ùခ­¯ခ²¨န±ဝယ± ဘဏ±ခ³­¬ပ¦င±° ၄ ခªသ§ရ´¨¬သ°သည±။ ယ¬နÚတ³င± ဘဏ±ခ³­¬ပ¦င±° ၄၈၅ ဘဏ±ရ´¨လ§ခ­¯¸ပ©° ယခªÐ´စ±¬Ð´§င±°ပ¨ªင±°တ³င± ဘဏ±ခ³­ ၅၀၀ အထ¨ KBZ က ¬မÀ§±မ´န±°ထ§°သည±။ ၎င±°မ¨သ§°စªသည± ဘဏ±Ð´င¯±ဆက±သ³ယ±¬ဆ§င±ရ³က±သ«မ²§° ပ²§°ပန±°ခတ±မ²§°¶ပ§°¬နသည¯±ဘဏ± Ѫ®°ခ²Ëပ± အ¬ဆ§က±အဦ အ¬ပµဆª®°ထပ±တ³င± ¬နထ¨ªင±·ကသည±။ “နန±°ကဘဏ±မ´§ပ­ အ¸မ­တမ±° အလªပ±လªပ±ခ²င± ¬နမ¨တ§။ အခª¬တ§¯ က²မတ¨ªÚ ည©မ дစ±¬ယ§က±စလª®° ဒ©လªပ±ငန±°ထ­ ဝင±လªပ±¬ပ°¬န¸ပ©¬လ” ဟª နန±°က ¬¶ပ§
10/11/2017 ြမန်မာ ိင်ငံ၌ ဘ ာေရးလပ်ငန်း ကီး တခ တည်ေဆာက်ေနသည့် KBZ မိသားစ https://burma.irrawaddy.com/article/2017/10/10/144045.html 8/9 ¶ပသည±။ “ဘဏ±လªပ±ငန±°ဆ¨ªတ§ စ¨တ±လÊပ±ရ´§°စရ§ပ¦။ တကယ¯±က¨ª ¬န§က±ဆª®°စည±°တစ±ခªပ¦ပ­။ က²မတ¨ªÚ ဘဏ±မ´§ပ­ ¹က©°¶ပင±°·ကတ§ပ¦။ က¬လ°ဘဝတªန±°က က²မတ¨ªÚ ဘဏ±ထ­မ´§ပ­ ¬န¸ပ©° Customer ¬တ³က¨ª ÐÊတ±ဆက±ခ­¯·ကပ¦တယ±။ အ­ဒ©ကတည±°က တစ¨တ± တပ¨ªင±° ထ¨¬တ³Ùခ­¯ရတယ±¬ပ¦¯” ဟª နန±°က ¶ဖည¯±စ³က± ¬¶ပ§ ·က§°သည±။ ¶မန±မ§Ð¨ªင±င® လ«ကª®တန±အသ¨ªင±°အဝ¨ªင±°မ´ က¬လ°မ²§°က­¯သ¨ªÚပင± နန±°Ð´င¯± မ§လင±°တ¨ªÚက¨ª Шªင±င®ရပ±¶ခ§°သ¨ªÚ ပ¨ªÚလ¼တ±၍ ပည§သင±¬စ သည±။ နန±°သည± စ©°ပ³§°¬ရ°စ©မ® ခနÚ±ခ³­မÊдင¯± အªပ±ခ²Ëပ±¬ရ°ပည§က¨ª စင±က§ပ«အမ²¨Ë°သ§°တက†သ¨ªလ±တ³င± ဆည±°ပ«°ခ­¯ရ¸ပ©° စ©မ®ခနÚ±ခ³­ မÊ မဟ§ဘ³­Ùက¨ª ဆစ±ဒန©တက†သ¨ªလ±တ³င± ဆက±တက±ခ­¯ရသည±။ တဖန± မ§လင±°သည± လန±ဒန±ရ´¨ Imperial College စ©°ပ³§°¬ရ°ပည§¬က²§င±°တ³င± စ³နÚ±ဦ°တ©ထ³င±Ð´င¯± စ©မ®ခနÚ±ခ³­မÊမဟ§ဘ³­Ùမရမ© က§တ§Ð¨ªင±င®ရ´¨ ¬ဂ²§¯ခ²±¬တ§င±° တက†သ¨ªလ±၏ Шªင±င®¶ခ§°ဝန±¬ဆ§င±မÊတ³င± ¬လ°Ð´စ±တက±ခ­¯ရ¬သ°သည±။ (အငယ±ဆª®° ည©မ¶ဖစ± သ« ထ¬ရစ©နန±°မ¨ªဟ³မ±သည± အသက± ၂၁ дစ±သ§ရ´¨¬သ°¸ပ©° ¬ဒ¦က±တ§¶ဖစ±ရန± ¬က²§င±°တက±¬နဆ­¶ဖစ±သည±) ည©မдစ±¬ယ§က±က စ©°ပ³§°¬ရ°လªပ±ငန±°တ³င± မ¨ဘမ²§°၏ အ¶မင±စ«°ရ´မÊအ¬ပµ ထပ±မ®¶မÉင¯±တင±¬ပ°သည±။ KBZ ဒªတ¨ယဥက†Ó¶ဖစ±သ« အသက± ၆၀ အရ³ယ±ရ´¨ မ¨ခင±¹က©°ထ®မ´လည±° ဘÔ§¬ရ°Ð´င¯±ပတ±သက±သမÀ ¬န§က±ဆª®°ဆª®°¶ဖတ± ခ²က±စက§°က¨ª ·က§°ရ¬လ¯ရ´¨သည±။ “¬ဖ¬ဖက အင±မတန±မ´ ¬ခတ±မ©တ§။ သ« က¨ªယ±တ¨ªင± Facebook မသª®°¬ပမယ¯± Facebook အ¬·က§င±° က²မတ¨ªÚထက± ပ¨ªသ¨တယ±” ဟª နန±°က မ´တ±ခ²က±ခ²သည±။ သ«သည± ¶မန±မ§¶ပည±သတင±°¬တ³န­Ú လက±ဖက±ရည±ဆ¨ªင±မ´§ပ­ အခ²¨န±ကªန±ဆª®°¬လ¯ရ´¨¬·က§င±° သ«မက ဆက±လက±¬¶ပ§¶ပသည±။ “သ«ကလ«¬ပ¦င±°စª®န­Ú¬ပ¦င±°¸ပ©° သတင±°စက§°¬တ³ န§°¬ထ§င±¬လ¯ရ´¨တယ±” ဟªဆ¨ªသည±။ အ§မခ®လªပ±ငန±°Ð´င¯± ပတ±သက±¸ပ©° သ«မတ¨ªÚကªမ›ဏ©က ပထမဆª®°စ§ရင±°ဝင±¶ဖစ±ခ­¯သည±။ သ¨ªÚ¬သ§± ¬ရ³°ခ²ယ±စရ§က မ²§°¶ပ§°¸ပ©° KBZ က ကတ±¶ပ§°¬ပ¦င±°မ²§°စ³§ က¨ª က¨ªင±ထ§°သည±။ “က²မတ¨ªÚ¬ဖ¬ဖက မဟ§ဗ²Ìဟ§ခ²မ´တ±သ«ပ¦။ ဘယ±လªပ±ငန±°မ´§မဆ¨ª က²မတ¨ªÚမ´§ အစ©အစαရ´¨¸ပ©°သ§°¶ဖစ±ပ¦တယ±။ က²မတ¨ªÚ ငယ±ငယ±တªန±° က¬တ§င± ¬ဖ¬ဖတ¨ªÚ¬မ¬မတ¨ªÚဆ©မ´§ အစ©အစαတခª ရ´¨ခ­¯တ§ပ¦” ဟª နန±°က ¬¶ပ§¶ပသည±။ (အ¬မရ¨ကန±အ¬¶ခစ¨ªက± စ©°ပ³§°¬ရ° မဂˆဇင±° Forbes ၌ ¬ဖ§±¶ပထ§°သည¯± Ron Gluckman ၏ A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar က¨ª ဘ§သ§¶ပန±ဆ¨ªသည±။) Topics: KBZ ဧရ§ဝတ©
10/11/2017 Who We Are | KBZ Group of Companies http://www.kbzgroup.com.mm/who_we_are.html 1/6 Who We Are Home » Who We Are Home Our Pledge About Us Who We Are Corporate Structure CSR News Report Brighter Future Myanmar Foundation Contact Our Board of Directors for the KBZ Group of Companies is made up of the following members: Aung Ko Win Chairman, KBZ Group of Companies BSc in Chemistry, University of Mandalay Entrepreneur and Founder, KBZ Group of Companies Chairman, Kanbawza Bank
10/11/2017 Who We Are | KBZ Group of Companies http://www.kbzgroup.com.mm/who_we_are.html 2/6 Chairman Emeritus: Myanmar Jades, Gems & Jewelry Entrepreneurs; Republic of The Union of Myanmar Federation of Chambers of Commerce & Industry (UMFCCI); Myanmar Football Federation; Myanmar Anti-Narcotics Association; Border Area Development Association, Myanmar Recipient, State Excellence Award (2013, 2014, 2015) from the President of Myanmar for contributions to Myanmar Recipient, Special Honorary State Excellence Award 2014 and 2015 for the largest contribution to the Myanmar State Tax & Revenue Department and for community donations. Nan Than Htwe Deputy Chairman, KBZ Group of Companies Bachelor of Education, University of Yangon Co-founder and Vice-Chairman, KBZ Group of Companies Vice-Chairman, KBZ Bank Trained as a teacher, Nan Than Htwe has a strong background in maths, and physics
10/11/2017 Who We Are | KBZ Group of Companies http://www.kbzgroup.com.mm/who_we_are.html 3/6 She was recently awarded a rst grade outstanding award for contributions to social activities including education and health. Nang Lang Kham Director, KBZ Group of Companies Nang graduated from National University of Singapore with a Bachelor degree in Business Administration Nang joined the KBZ Group of Companies as an Executive Director Nang’s main role is in the aviation and nancial businesses of the KBZ Group Her responsibilities include the followings: A member of KBZ Aviation Committee that is responsible for vertical integration in aviation industry and communicating with potential partners/ investors; oversees Air Kanbawza (Air KBZ), Sky Wings Catering and Mai Hsoong Travel Director of KBZ Bank; overseeing multiple projects under Retail Banking, Multichannel Banking, Card Business and Marketing Department
10/11/2017 Who We Are | KBZ Group of Companies http://www.kbzgroup.com.mm/who_we_are.html 4/6 Key player in the establishment of KBZ Group Of ce; identifying strengths and weaknesses across the group and initiating transformation Nang strongly believes in philanthropy and corporate social responsibility She is the Co-Founder and Chairman of the Brighter Future Myanmar and is involved in youth development, health and education development and disaster relief in Myanmar She has also introduced a Green Movement program in Air KBZ to create environmental awareness among the local community Nang Kham Noung (Marlene) Director, KBZ Group of Companies Marlene holds a BSFS International Economics degree from Georgetown University’s Edmund A Walsh School of Foreign Service in Qatar, where she was the recipient of a Qatar Foundation/Hamad Bin Khalifa Student Scholarship for the years 2010-2013 Marlene joined the KBZ Group of Companies as an Executive Director and is responsible for Banking, Insurance, Group investments and Group transformation Marlene is a passionate believer in nancial inclusion efforts for all Myanmar and has started a not-for-pro t Micro nance institution under Brighter Future Foundation
10/11/2017 Who We Are | KBZ Group of Companies http://www.kbzgroup.com.mm/who_we_are.html 5/6 Company Pro le The Kanbawza (KBZ) Group of Companies was founded by Aung Ko Win in 1994 and now has more than 80,000 employees. Its core principle is centred on strengthening Myanmar and its people. As it has its roots in a family business, the family’s core values are integrated in the corporate values. It is recognized to be the leading philanthropic organization in Myanmar and has been awarded for its CSR initiatives. Contact Nang Mo Hom Executive Director of KBZ Group Executive Director of KBZ Bank Member of the Brighter Future Myanmar Founder of rural medical clinics and sanitation project Member of Myanmar National Badminton Team Studying medicine at New York University
10/11/2017 Who We Are | KBZ Group of Companies http://www.kbzgroup.com.mm/who_we_are.html 6/6 Senior General Manager International Relations Department Unit 611, Strand Square, No. 53, Corner of Merchant Road and Bo Soon Pat Street, Pabedan Township, Yangon, Myanmar. Tel: (+951) 01-230 7002 Fax: (+951) 01-230 7003 Email: info@kbzgroup.com.mm Developed By Bagan Innovation Technology
https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of- entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in- myanmar/#2db16e1c55cb A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar https://burma.irrawaddy.com/article/2017/10/10/144045.html ျ္မန္မမနိုနုငံ၌ ဘမာေ နရိလနုမနန္းႀန၌ီးိ၌ီုနာေ မ္းနာေမာု္န၌KBZ ္နာမနစိ “ာူီနိ႔ဟမ၌ျ္မန္မျလုန္္မ၌ာာေ န္းႀန ိငန္းိ္ုမႀီစနးိလု၌ျ စနလစီပနတ၌ရူ ရူ ာ ုနနာျ္စန္၌ာရိလနာ္းနိုန၌ ္နာေ န္၌လု္နရုနနျ္ုန၌ာမ္္မု ၌စႀနလမန စႀနလမနရ္းနာေီ မပနလပန၌စီမာေီ္္မ၌ာေ ္ ာေ မ္းနလစီပုနနာမနျ U Aung Ko Win – KBZ chairman Kanbawza Group of Companies, one of the country’s largest conglomerates, includes KBZ Bank, which is said to have the country’s largest branch network, with 250 branches. In its 2015 survey on corporate transparency, the Myanmar Centre for Responsible Business ranked the Kanbawza Group 3rd (after Serge Pun and Associates and the Max Myanmar Group of Companies), down from 1st in 2014. The KBZ Group was active in helping with the supply and distribution of aid and relief supplies to flood affected areas in July and August.
Aung Ko Win (aka)-Sayar Kyaung Kambawza Bank-http://www.kbzbank.asia/, Myanmar Billion Group,Nila Yoma Co. Ltd, East,Yoma Co. Ltd, Agent for London Cigarettes in Shan and Kayah States, Owner of Kanbawza United Professional Soccer Club,www.kbzfc.com Close to Vice Senior General Maung Aye; One of the few businessmen who get special permits for business ventures in Burma; Owns an 80% share of the country’s national airline,Myanmar Airways International (MAI), since February 2010. “Brothers in corruption: Maldives and Burma” (DVB http://www.dvb.no/analysis/brothers-in-corruption-maldivesand- burma/14568) “Burma’s national airline sold to private bank”, Mizzima,February 4, 2010,http://www.myanmathadin.com/news/business/1093- burmasnational-airline-sold-to-private-bank.html “Tycoon Turf”, The Irrawaddy, September 2005,http://www.irrawaddy.org/article.php?art_id=5010&page=7 “Burma ‘privatises’ its skies”, DVB, February 1, 2011,http://www.dvb.no/news/burma-privatises-its-skies/13995
http://www.ide.go.jp/library/English/Publish/Download/Brc/pdf/13 _07.pdf Aung Ko Win-Kanbawza Bank Aung Ko Win is the president of Kanbawza Bank, one of the largest private banks in Burma. He also heads several other successful enterprises, including Myanmar Billion Group Co Ltd, Nilar Yoma Co Ltd, Kanbawza Hospital in Taunggyi and Shwegonedaing Specialist Client in Rangoon. Nilar Yoma Co Ltd operates gold and gem mines in Mong Hsu in Shan State. Aung Ko Win also has a stake in a cement factory in Pimpet in southern Shan State. Aung Ko Win, sometimes known as “Saya kyaung,” once taught the daughter of Vice Snr-Gen Maung Aye and is still believed to be close to the junta’s second most powerful general. His decision to move to Taunggyi in Shan State earlier this year fuelled speculation that Maung Aye’s influence was on the wane. In July, Aung Ko Win and his managing director, Zaw Win Naing, came under investigation for suspected money transfer irregularities.
Aung Ko Win is a patron of the national football squad and has donated large sums of money to the team, in addition to contributions of more than $2 million to various public projects. http://www.elevenmyanmar.com/business/microsoft-seals-murky- myanmar-deal Microsoft seals murky Myanmar deal-Submitted by akkyaw on Thu, 11/26/2015 - 18:58 IT giant Microsoft has signed an agreement of cooperation with Myanmar’s notorious Shwe Taung Group. In September, Microsoft also went into a partnership with the Kanbawza Group which has businesses ranging from precious minerals to banking. Greeting the news of the second-largest venture signed by Microsoft in Myanmar, the Financial Times carried the headline: “Microsoft enters minefield of Myanmar business with IT deal.” Both Shwe Taung and Kanbawza have long been under fire domestically and internationally for cronyism with Shwe Taung’s controlling shareholder Aik Htun suspected by the US Treasury of narcotics connections.
Likewise, Aung Ko Win, Kanbawza chairman, has faced EU trade sanctions for his connections with the military junta, which were retracted in 2011 when the quasi-civilian government took charge. Both Aik Htun and Aung Ko Win denied the charges. Other American companies like Coca-Cola and Caterpillar have also made murky deals in Myanmar. The Microsoft deal is being seen as the first of many foreign partnerships made in the wake of Aung San Suu Kyi and her National League for Democracy’s landslide victory on November 8. UAung Ko Win & Wife Nan Than htwe –Daughter Nang Lang Kham and Marlene Nang Kham Noung https://www.linkedin.com/in/nanglk
Nang Lang Kham https://www.linkedin.com/in/nang-kham-noung- a8b0b084?trk=pub-pbmap Marlene Nang Kham Noung https://www.linkedin.com/in/nang-mo-hom-b04b3a99/
Tracy Nang Mo Hom 2nd degree connection2nd Student at New York University National University Hospital New York University Myanmar
https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of- entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in- myanmar/#5288906455cb https://wikileaks.org/plusd/cables/08RANGOON896_a.html Kambawza Bank, owned by Aung Ko Win. Aung Ko Win is the owner of several jade and gem mines in Mong Hsu and Phakhant. During a meeting with Aung Ko Win, he told us he remains close to Vice Senior General Maung Aye (who was previously Regional Commander in Taunggyi, where Aung Ko Win resides) and received the mining concessions from Maung Aye (details to be reported septel).
Mike DeNoma, Daw Nang Lang Kham, Daw Nang Kham Noung and U Aung Kyaw Myo. (Supplied) https://www.irrawaddy.com/business/kbz-appoints-new-ceo.html KBZ Appoints New CEO By THE IRRAWADDY 11 May 2017 RANGOON — Burma’s largest private bank, KBZ, has hired a banking expert to act as a special advisor to the bank’s chairman U Aung Ko Win. The announcement from KBZ on Thursday said special advisor Mike DeNoma was also appointed chief executive officer of the bank while the KBZ heiresses executive directors Daw Nang Lang Kham and Daw Nang Kham Noung had been promoted to deputy CEOs along with senior managing director U Aung Kyaw Myo. Prior to joining the bank, the American banking expert held senior executive roles across the globe, managing operations across North America, Asia, Africa, Europe and the Middle East with Chinatrust Commercial Bank, Standard Chartered and Citibank. U Aung Ko Win said Mr. DeNoma’s high-level and wide-ranging experience was a strong asset to the bank, combining domestic and international banking expertise with the highest levels of customer service and innovation. “We also particularly value the experience Mr. DeNoma brings from having worked with another family-owned bank, through which he has shown a track record of driving growth and success, while retaining strong family principles,” he said. Mike DeNoma, Daw Nang Lang Kham, Daw Nang Kham Noung and U Aung Kyaw Myo. (Supplied) 10/11/2017 KBZ Appoints New CEO https://www.irrawaddy.com/business/kbz-appoints-new-ceo.html 4/9 Founded in 1994, KBZ is a privately-owned bank and now has nearly 500 branches across the country.
10/11/2017 An image makeover for Myanmar Inc http://www.reuters.com/article/uk-myanmar-cronies-image/an-image-makeover-for-myanmar-inc-idUSLNE83B01G20120412 10/47 Tay Za sings as he celebrates his Yangon United FC winning the Myanmar National League cup at Traders hotel in Yangon October 4, 2011. REUTERS/Stringer Suu Kyi’s spokesman, Nyan Win, declined to comment on her relationship with Zaw Zaw or other well- connected tycoons. GEM-STUDDED RECLUSE While Zaw Zaw reshapes his empire in the hope of forging post-sanctions deals with multinationals, other top cronies seem intertwined with the junta that enriched them. KBZ Group controls two airlines, the country’s largest private bank, and lucrative jade and gem mining concessions. Its chairman is Aung Ko Win, a former schoolteacher whose connections with General Maung Aye, 74, formerly the junta’s second-in-command, first showered him with riches. They also won him a place on the EU sanctions list, along with his wife, Nan Than Htwe, and Nang Lang Kham, one of three daughters being groomed to take over the business. The family are “very shy, very religious, very good-hearted,” says Nyo Myint, a KBZ Group consultant. Aung Ko Win steers clear of the media, although in January the chairman - wearing a trilby hat, Ray Bans and a diamond-studded gold watch - was spotted aboard an Air KBZ flight by Reuters staff on assignment in Myanmar. An attempt to interview him was cut short by the pilot, who emerged from the cockpit to shoo a reporter away.
10/11/2017 An image makeover for Myanmar Inc http://www.reuters.com/article/uk-myanmar-cronies-image/an-image-makeover-for-myanmar-inc-idUSLNE83B01G20120412 11/47 But his daughter Nang Lang Kham and consultant Nyo Myint agreed to meet at KBZ Bank’s headquarters in Yangon. Aung Ko Win is closely associated with the former junta. Photos of him inspecting chunks of jade with retired dictator General Than Shwe adorn the bank’s walls. Aung Ko Win struck it rich at ruby and sapphire mines in the early 1990s in a region of Shan State where Gen. Maung Aye was a commander. “My dad was an entrepreneur,” says Nang Lang Kham. But during a 2008 meeting with U.S. diplomats, Aung Ko Win admitted Maung Aye gave him jade and gem mining concessions, and that he remained close to the general. That intimacy appeared to help his KBZ Bank fend off the rival Co-operative Bank in a 2010 dispute over the ownership of Myanmar International Airways. Ultimately, KBZ Bank secured 80 percent of the airline. Co- operative endured a run by depositors who feared their bank might not survive a conflict with a powerful crony. But influence cuts both ways. The following year, amid rumours of Maung Aye’s ouster, KBZ itself suffered mass withdrawals by “anxious depositors concerned that the star of Aung Ko Win was also on the wane,” wrote economist Sean Turnell, a Myanmar banking expert at Macquarie University in Sydney. KBZ Bank has since become Myanmar’s largest private bank, although the sector remains tainted by allegations of money-laundering and ties to drug traffickers. Myanmar is the world’s second-largest producer of opium after Afghanistan and a leading supplier of methamphetamine. NORTH KOREA REVEALED A dedicated interactive section on the country, its people and the missile program An image makeover for Myanmar Inc Special Report: In Kim Jong Un's summer palace, fun meets guns
10/11/2017 An image makeover for Myanmar Inc http://www.reuters.com/article/uk-myanmar-cronies-image/an-image-makeover-for-myanmar-inc-idUSLNE83B01G20120412 12/47 Slideshow (4 Images) A Financial Action Task Force of U.S. and Japanese officials concluded after a 2006 visit to Myanmar that KBZ Bank was “weak in promoting a culture of AML (anti-money laundering) compliance,” says a U.S. diplomatic cable. KBZ Bank denies those allegations. In a statement, it said it “participates enthusiastically in anti- money laundering activities.” The Task Force also noted that brisk trade in gold, gems and jade “provided ample opportunities for abuse.” Gem and jade remain KBZ Group’s primary cash cow. Every few months, Myanmar holds gem emporiums at which KBZ racks up sales of between $40 million to $50 million, according to a company document seen by Reuters. This figure excludes one-off sales. In 2011, a Chinese buyer snapped up a $44 million chunk of imperial jade. U.S. investment restrictions are unlikely to be lifted soon on gems, timber and some other resource-related industries, even if Washington relaxes sanctions, said a U.S. official in Washington, as they are “regressive sectors” in ethnic minority areas known for human-rights abuses.
10/11/2017 An image makeover for Myanmar Inc http://www.reuters.com/article/uk-myanmar-cronies-image/an-image-makeover-for-myanmar-inc-idUSLNE83B01G20120412 13/47 One part of Aung Ko Win’s empire is struggling. In 2010, he launched a domestic airline called Air KBZ. One of its three aircraft crashed at Thandwe airport in February. No injuries were reported among the 51 passengers, who included foreigners bound for Ngapali, Myanmar’s best-known beach. Air KBZ’s chairman is the tycoon’s daughter, Nang Lang Kham. “I still have a lot to learn from my father,” she says. “We are trying to modernise our banking business and restructure our organisation as well.” CRONIES REBORN? Not every tycoon is a crony. Michael Moe Myint was identified in a 2009 U.S. embassy cable as “one of Burma’s most successful businessmen, and perhaps the most legitimate.” His 23-year-old Myint & Associates is Myanmar’s biggest contract oil and gas services provider, with annual revenues this year of about $12 million. He also runs a $40 million oil and gas exploration and production company. A former commercial pilot, Moe Myint, 59, studied and worked briefly in the United States before returning to Myanmar in 1989 to emulate his late father, a geologist who advised Shell. “You just don’t do it,” he says of cronyism, “though sometimes it is very hard.” In the late 1970s, he planned flights for General Ne Win, whose 1962 coup began Myanmar’s dark years of army rule. He worked closely with a Ne Win protégé, Khin Nyunt, who would become the much-feared chief
10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 1/11 Tag: Aung Ko Win Yameen implicated in STO blackmarket oil trade with Burmese junta, alleges The Week Singaporean police are reportedly investigating former President Maumoon Abdul Gayoom’s half brother Abdulla Yameen for alleged involvement in an international money laundering racket thought to be worth up to US$800 million – if accurate, a staggering 80 percent of the Maldives’ annual GDP. Yameen is an MP and leader of the People’s Alliance (PA) party, which in coalition with the opposition Dhivehi Rayyithunge Party (DRP), of which Gayoom is the ‘honorary leader’, together maintain a parliamentary majority in the Maldives. The allegation is central to an explosive piece in India’s The Week magazine by Sumon K Chakrabarti, Chief National Correspondent of CNN-IBN, who describes Yameen as “the kingpin” of a scheme to buy subsidised oil through the
10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 2/11 State Trading Organisation’s branch in Singapore and sell it on through an entity called ‘Mocom Trading’ to the Burmese military junta, at a black market premium. “The Maldives receives subsidised oil from OPEC nations, thanks to its 100 percent Sunni Muslim population. The Gayooms bought oil, saying it was for the Maldives, and sold it to Myanmar on the international black market. As Myanmar is facing international sanctions, the junta secretly sold the Burmese and ‘Maldivian’ oil to certain Asian countries, including a wannabe superpower,” alleged Chakrabarti, who is writing a book on Gayoom’s administration and the democracy movement that led to its fall. “Sources in the Singapore Police said their investigation has confirmed ‘shipping fraud through the diversion of chartered vessels where oil cargo intended for the Maldives was sold on the black market creating a super profit for many years,’” the report added. Referencing an unnamed Maldivian cabinet Minister, The Week states that: “what is becoming clear is that oil tankers regularly left Singapore for the Maldives, but never arrived here.” The article draws heavily on an investigation report by international accountancy firm Grant Thorton, commissioned by the Maldives government in March 2010, which obtained three hard drives containing financial information detailing transactions from 2002 to 2008. No digital data was available before 2002, and the paper trail “was hazy”. According to The Week, Grant Thorton’s report identifies Myanmar businessman and head of the Kanbawza Bank and Kanbawza Football Club, Aung Ko Win, as the middleman acting between the Maldivian connection and Vice- Senior General Maung Aye, the second highest-ranking member of the Burmese junta – one of the world’s most oppressive regimes, perhaps exceeded only by North Korea. Also allegedly implicated in the Grant Thorton report are Brigader-General Lun Thi, the junta’s Minister of Energy, Aung Thaung, the Burmese Minister of industry, “and his son, Major Pye Aung, who is married to Aye’s daughter, Nander Aye.”
10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 3/11 Minivan News – Archive FIRST FOR INDEPENDENT NEWS IN THE MALDIVES “Another Burmese business couple, Tun Myint Naing (aka ‘Steven Law’) and his wife, were linked to the Gayooms,” alleged The Week. According to a 2000 report on the Golden Triangle Opium trade by Hong Kong-based regional security analysis firm, Asia Pacific Media Services, “in 1996 Steven Law was refused a visa to the USA on suspicion of involvement in narcotics trafficking”, and several companies linked to him were blacklisted because of his suspected involvement in his father’s drug empire. His father, Lo Hsing Han, also known as Law Sit Han, is named in the report as a notorious ‘Golden Triangle’ heroin baron turned businessman, with financial ties to Singapore. He was also responsible responsible for arranging a lavish wedding in 2006 for the daughter of Burmese dictator Than Shwe. “Lo Hsing-han and his family set up the Asia World Company… involved in import-export business, bus transport, housing and hotel construction, a supermarket chain, and Rangoon’s port development,” APMS wrote. According to The Week report, “Yameen was allegedly aided by Ahmed Muneez, former Managing Director of STO Singapore, and by Mohamed Hussain Maniku, former MD, STO. Maniku was MD from 1993 to 2008, and currently serves as the Maldives’ Ambassador to Washington. The operation According to The Week article, the engine of the operation was the Singaporean branch of the government-owned State Trading Organisation (STO), of which Yameen was the board chairman until 2005. Fuel was purchased by STO Singapore from companies including Shell Eastern Petroleum Pvt Ltd, Singapore Petroleum company and Petronas, and sold mostly to the STO (for Maldivian consumption) and Myanmar, “except in 2002, when the bulk of the revenue came from Malaysia.” The “first red flag” appeared in an audit report on the STO by KPMG, one of the four major international auditing firms which took over the STO’s audits in 2004 from Price WaterhouseCoopers.
10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 4/11 The firm noted: “A company incorporated in Singapore by the name of Mocom Trading Pte Ltd in 2004 has not been discluded under Note No. 30 to the Financial Statements. There was no evidence available with regard to approval of the incorporation. Further, we are unable to establish the volume and the nature of the company with the group.” In a subsequent report, KMPG noted: “The name of the company has been struck off on 20th April 2006.” Investigators learned that Mocom Trading was set up in February 2004 as a joint venture between STO Singapore and a Malaysian company called ‘Mocom Corporation Sdn Bhd’, with the purpose of selling oil to Myanmar and an authorised capital of US$1 million. According to The Week, the company had four shareholders: Kamal Bin Rashid, a Burmese national, two Maldivians: Fathimath Ashan and Sana Mansoor, and a Malaysian man named Raja Abdul Rashid Bin Raja Badiozaman. Badiozaman was the Chief of Intelligence for the Malaysian armed forces for seven years and a 34 year veteran of the military, prior to his retirement in 1995 at the rank of Lieutenant General. As well as the four shareholders, former Managing Director of STO Singapore Ahmed Muneez served as director. The Week reported that Muneez informed investigators that Mocom Corportation was one of four companies with a tender to sell oil to the Burmese junta, alongside Daewoo, Petrocom Energy and Hyandai. Under the contract, wrote The Week, “STO Singapore was to supply Mocom Trading with diesel. But since Mocom Corporation held the original contact, the company was entitled to commission of nearly 40 percent of the profits.” That commission was to be deposited in an United Overseas Bank account in Singapore, “a US dollar account held solely by Rashid. So, the books would show that the commission was being paid to Mocom, but Rashid would pocket it.” In a second example cited by The Week, investigators discovered that “STO Singapore and Mocom Trading duplicated sales invoices to Myanmar. The invoices showed the number of barrels delivered and the unit price.
10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 5/11 Gayoom's half-brother and PA leader Abdulla Yameen Both sets of invoices were identical, except for the price per barrel. The unit price on the STO Singapore invoices was US$5 more than the unit price of the Mocom Trading invoice. This was done to confuse auditors.” As a result, “the sum total of all Mocom Trading invoices to Myanmar Petrochemical Enterprises was US$45,751,423, while the sum total of the invoices raised by STO Singapore was US$51,423,523 – a difference of US$5,672,100.” Furthermore, “investigators found instances where bills of lading (indicating receipt of consignment) were unsigned by the ship’s master.” Money from the Maldives Despite his officially stepping down from the STO in 2005, The Week referenced the report as saying that debit notes in Singapore “show payments made on account of Yameen in 2007 and 2008.” Citing the report directly, The Week wrote: “The debit notes were created as a result of receiving funds from Mr Yameen deposited at the STO head office, which were then transferred to STO Singapore’s bank accounts. This corresponded with a document received from STO head office confirming the payments were deposited by Yameen into STO’s bank accounts via cheque. The Week claimed that Yameen was aided by Muneez on the STO Singapore side, and by Mohamed Hussain Maniku, former STO managing director, on the Maldivian end until 2008. “In conversation with Mr Muneez, this was to provide monies for the living expenses of his [Yameen’s] son and daughter, both studying in Singapore. Their living expenses were distributed by Mr Muneez,” the Grant Thorton report stated, according to The Week. In an interview with Minivan News, Yameen confirmed that he had used the STO’s accounts to send money to his children in Singapore, “and I have all the receipts.”
10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 6/11 He described the then STO head in Singapore as “a personal friend”, and said “I always paid the STO in advance. It was a legitimate way of avoiding foreign exchange [fees]. The STO was not lending me money.” He denied sending money following his departure from the organisation: “After I left, I did not do it. In fact I did not do it 3 to4 years before leaving the STO. I used telegraphic transfer.” Yameen described the wider allegations contained in The Week article as “absolute rubbish”, and denied being under investigation by the Singaporean police saying that he had friends in Singapore who would have informed him if that were the case. The article, he said, was part of a smear campaign orchestrated by current President of the Maldives Mohamed Nasheed, a freelance writer and the dismissed Auditor General “now in London”, who he claimed had hired the audit team – “they spent two weeks in the STO in Singapore conducting an investigation.” Yameen said he did not have a hand in any of the STO’s operations in Singapore, and that if Muneez was managing director at the time of any alleged wrong-doing, “any allegations should carry his name.” He denied any knowledge or affiliation with Steven Law or Lo Hsing Han, and said that as for Mocom Trading, “if that company is registered, Maniku would know about it.” Asked to confirm whether the STO Singapore had been supplying fuel to Myanmar during his time as chair of the board, “it could have been – Myanmar, Vietnam, the STO is an entrepreneurial trade organisation. It trades [commodities like] oil, cement, sugar, rice to places in need. It’s perfectly legitimate. “ Asked whether it was appropriate to trade goods to a country ostracised by the international community, Yameen observed that the trading had “nothing to do with the moral high-ground, at least at that time. Even even now the STO buys from one country and sells to those in need.” Asked why the President would hire a freelance writer to smear his reputation after the local council elections, “that’s because Nasheed would like to hold me in captivity.”
10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 7/11 The only way Nasheed could exert political control, Yameen claimed, “was to resort to this kind of political blackmail”. “Unfortunately he has not been able to do that with me. I was a perfectly clean minister while in Gayoom’s cabinet. They have nothing on me.” Last time around No love is lost between Yameen and the present Maldivian administration, which detained him and Jumhoree Party (JP) leader Gasim Ibrahim in early July 2010 on accusations of bribery and, according to the police charge sheet, “attempting to topple the government illegally.” President Nasheed’s cabinet had resigned en masse the week prior, in protest against what they claimed were the “scorched earth politics” of the opposition-majority parliament, leaving only President Mohamed Nasheed and Vice President Mohamed Waheed Hassan in charge of the country. The move circumvented regulations blocking the arrest of MPs while no-confidence motions were pending against sitting ministers. Several days later, audio recordings of conversations between several MPs, including Yameen and Gasim, were leaked to the media. The recordings carried implications of vote-buying within parliament, suggestions of collaboration with the officials in the Anti-Corruption Commission (ACC), and details of a plan to derail the progress of a taxation bill. Yameen defended the conversation at the time as “not to borrow money to bribe MPs… [rather] As friends, we might help each other.” The issue quickly became one of invasion of privacy, and the Human Rights Commission of the Maldives (HRCM) issued a statement to that effect. Unable to get an arrest warrant extension for the pair through the Maldivian courts, the government quickly found itself facing international criticism and diplomatic urging to “stick to the rule of law”, after Yameen was detained by
10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 8/11 the military on the Presidential Retreat of Aarah purportedly “for his own protection.” While in custody, Yameen told local media he did not wish to be detained in ‘protective’ custody. The military refused to present him before the court on a court order, raising more international eyebrows. Later in July, the President’s Press Secretary Mohamed Zuhair told Minivan News that the government had felt obliged to take action after six MDP MPs came forward with statements alleging Yameen and Gasim had attempted to bribe them to vote against the government. The opposition PA-DRP coalition already has a small voting majority, with the addition of supportive independent MPs. However, certain votes require a two-thirds majority of the 77 member chamber – such as a no-confidence motion to impeach the president. Zuhair told Minivan News at the time that given the severity of the allegations against them, neither could be considered prisoners of conscience. “I cannot describe these people as political leaders – they are accused of high crimes and plots against the state,” Zuhair said. “These MPs are two individuals of high net worth – tycoons with vested interests,” he explained. “In pursuing their business interests they became enormously rich during the previous regime, and now they are trying to use their ill-gotten gains to bribe members in the Majlis [parliament] and judiciary to keep themselves in power and above the fray.” “They were up to all sorts of dark and evil schemes,” Zuhair alleged. “There were plans afoot to topple the government illegally before the interim period was over.” Yameen was also one of many former and serving Ministers on an audit hit-list issued by Auditor General Ibrahim Naeem, prior to his dismissal on March 29, 2010.
10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 9/11 Naeem, who was appointed by former President Gayoom, had produced a damning report detailing the previous government’s spending habits. These, according to an article on the report published in the New York Times, included an estimated “US$9.5 million spent buying and delivering a luxury yacht from Germany for the president, $17 million on renovations of the presidential palace and family houses,a saltwater swimming pool, badminton court, gymnasium, 11 speed boats and 55 cars, including the country’s only Mercedes-Benz.” “And the list goes on, from Loro Piana suits and trousers to watches and hefty bills for medical services in Singapore for ‘important people and their families. There was a US$70,000 trip to Dubai by the first lady in 2007, a US$20,000 bill for a member of the family of the former president to stay a week at the Grand Hyatt in Singapore. On one occasion, diapers were sent to the islands by airfreight from Britain for Mr Gayoom’s grandson,” wrote the NYT, citing Naeem’s report. The Maldives government had “begun the paper chase”, the NYT report claimed, “but it lacks the resources to unravel a complex trail that it assumes runs through the British Channel Islands, Singapore and Malaysia.” On March 24, Naeem sent a list of current and former government ministers to the Prosecutor General, requesting they be prosecuted for failure to declare their assets, citing Article 138 of the Constitution requiring every member of the Cabinet to “annually submit to the Auditor General a statement of all property and monies owned by him, business interests and all assets and liabilities.” He then held a press conference: “A lot of the government’s money was taken through corrupt [means] and saved in the banks of England, Switzerland, Singapore and Malaysia,” Naeem said, during his first press appearance in eight months. Five days later he was dismissed by the opposition-majority parliament on allegations of corruption by the Anti- Corruption Commission (ACC), for purportedly using the government’s money to buy a tie and visit Thulhaidhu in Baa Atoll. The motion to dismiss Naeem was put forward by the parliamentary finance committee, chaired by Deputy Speaker and member of Yameen’s PA party Ahmed Nazim, who the previous week had pleaded not guilty to ACC charges of conspiracy to defraud the former ministry of atolls development while he was Managing Director of Namira Engineering and Trading Pvt Ltd.
10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 10/11 Proudly powered by WordPress The parliament has yet to approve a replacement auditor general. Representatives of the former government have steadfastly denied the existence of stolen funds. Gayoom’s assistant and former chief government spokesperson Mohamed Hussain ‘Mundhu’ Shareef told Minivan News in December 2009 that ”there is no evidence to link Gayoom to corruption”, and urged accusers “to show us the evidence.” “If you have the details make them public, instead of repeating allegations,” he said at the time. “[Gayoom] has said, ‘go ahead and take a look, and if you find anything make it public.’” Shareef had not responded to Minivan News at the time of going to press. Online link to The Week article Download The Week article (~25mb) Download leaked Grant-Thorton Draft Report February 12, 2011 JJ Robinson Politics, Society & Culture Aung Ko Win, Aung Thaung, burma, corruption, gayoom, Golden Triangle, Grant Thorton, junta, Law Sit Han, Lun Thi, maldives, maldives news, myanmar, people's alliance, Pye Aung, state trading organisation, Steven Law, STO, the week, Tun Myint Naing, yameen 128 Comments Likes (0) Dislikes (0)     
10/11/2017 Aung Ko Win - Wikipedia https://en.wikipedia.org/wiki/Aung_Ko_Win 1/2 Aung Ko Win Native name အောင် ကိုဝင် း Born Burma Nationality Burmese Other names Saya Kyaung Occupation Businessman Spouse(s) Nang Than Htwe Children Nang Lang Kham Nang Kham Noung Nang Mo Hom Relatives Zaw Win Naing (nephew) Aung Ko Win Aung Ko Win (Burmese: အောင်ကိုဝင်း; also known as Saya Kyaung) is a Burmese businessman and former schoolteacher. He owns Kanbawza Group of Companies (KBZ), including Kanbawza Bank, Myanmar Billion Group, Nilayoma Co. Limited, East Yoma Co. Limited and agent for London Cigarettes in Shan and Kayah States, and Kanbawza FC.[1] He is married to Nang Than Htwe,[2] the niece of Win Myint, a former State Peace and Development Council official.[1] He has 3 daughters, Nang Lang Kham (b. 1988), Nang Kham Noung (b. 1991), and Nang Mo Hom (b. 1996).[2][3] His wife serves as Deputy Chairman of KBZ, while his three daughters serve as directors within the company.[4] He has close connections to General Maung Aye, the second in command of the former military junta, the State Peace and Development Council (SPDC)[1] While Maung Aye was a commander in jade-mining region of Shan State, Maung Aye offered Aung Ko Win jade and gem mining concessions.[5] References 1. Aung Min; Toshihiro Kudo (2014). "Business Conglomerates in the Context of Myanmar's Economic Reform" (http://www.ide.go.jp/English/Publish/Download/Brc/pdf/13_07.pdf) (PDF). Myanmar'sIntegration with Global Economy: Outlook and Opportunities. Bangkok Research Report. Retrieved 11 July 2015. 2. "Commission Regulation (EU) No 411/2010 of 10 May 2010 amending Council Regulation (EC) No 194/2008 renewing and strengthening the restrictive measures in respect of Burma/Myanmar" (http://eur -lex.europa.eu/legal-content/EN/ALL/?uri=uriserv:OJ.L_.2010.118.01.0010.01.ENG). Official Journal of theEuropean Union. European Commission. 10 May 2010. Retrieved 15 July 2015.
10/11/2017 Aung Ko Win - Wikipedia https://en.wikipedia.org/wiki/Aung_Ko_Win 2/2 3. "Banking (Foreign Exchange) Regulations 1959 - Direction Relating to Foreign Currency Transactions and to Burma (18/10/2007)" (https://www.comlaw.gov.au/Details/F2007L04115). Commonwealth of Australia. 18 Oct 2007. Retrieved 15 July 2015. 4. "Our Board of Directors" (https://web.archive.org/web/20150716080757/http://www.kbzgroup.com.mm/ who_we_are). KBZ Group. Archived from the original (http://www.kbzgroup.com.mm/who_we_are) on 16 July 2015. Retrieved 15 July 2015. 5. Szep, Jason (13 April 2012). "Special Report: An image makeover for Myanmar Inc" (https://www.reuters. com/article/2012/04/13/us-myanmar-cronies-image-idUSBRE83B0YU20120413). Reuters. Retrieved 15 July 2015. Retrieved from "https://en.wikipedia.org/w/index.php?title=Aung_Ko_Win&oldid=802458313" This page was last edited on 26 September 2017, at 07:47. Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization.
leasing a rice mill and engaging in the agricultural sector. Later, the company profited from the teak extraction and timber business and enjoyed close ties with the top ruling junta. Over the next decade, the Htoo Group morphed into a conglomerate with several new business ventures. In 2004 it launched Air Bagan, the first private airline in Myanmar. It also rolled out branded luxury hotels and began leasing heavy machinery. Of the 14 subsidiaries, the Htoo Group's well-known companies and firms include AGD Bank, Air Bagan, Elite-Tech Co., Ayer Shwe Wah, Aureum Palace Hotels and Resorts, Htoo Trading, and Htoo Wood Products Ltd. etc. The group owns 17 hotels across Myanmar. The annual income of the Htoo Group of Companies is USD 500 million according to U Tay Za and according to a Forbes article, thus making the Htoo Group of Companies Myanmar's largest conglomerate. Future projects will concentrate in the trading, tourism, construction/real-estate development, and airline sectors. U Tay Za has recently started to rebrand himself as a good ethical business tycoon and has been trying to shed off his image of being regarded as Myanmar's “top crony”. Several subsidiaries of the Htoo Group of Companies, together with U Tay Za and his family members, are still on the sanctions list of the US Department of the Treasury citing U Tay Za and the Htoo Group as being actively involved in the arms trade business during the former military regime. Recently, the group has moved and diversified into an insurance business, become a private fuel pumping station operator, and is involved in tourism and hotels etc. The group was granted one of the earliest licenses to import fuel directly as part of the SPDC's efforts to privatize the fuel industry. The Htoo Group of Companies has recently acquired a development project near downtown Yangon to construct a number of properties including a four-star hotel, an apartment complex, shop houses, and a shopping mall, on a 21.9 acre site. Air Bagan, with 12 aircraft, is one of the best performing local airlines in Myanmar, but has branding perception problems by Myanmar’s public. As a result, Htoo has launched another new airline known as Asian Wings Airways with 4 aircraft. Htoo owns two airbus aircraft for domestic and overseas routes (Chaing Mai and Buddha Gaya). All Nippon Airways announced in 2013 that it would purchase a 49% stake in Asian Wings Airways for around 3 billion Japanese yen, the first foreign investment in a Myanmar-based airline since democratization. The Htoo Group's main strategic focus is on the trading, construction and real estate, airlines, banking, and tourism sectors. 3.2 The Kanbawza Group of Companies The Kanbawza Group is also a well-known local conglomerate. U Aung Ko Win, also known as Saya Kyaung, is Chairman of the Kanbawza Group. He was a school teacher 144
who rose to wealth via strong connections with Gen. Maung Aye, former Vice chairman of the State Peace and Development Council (SPDC). U Aung Ko Win started in business with support from the military leaders during the 1990s, when he struck it rich by gaining access to rich sapphire and ruby mines. His ties with the top ruling junta were strengthened by his marriage to Daw Nan Than Htwe, the niece of former Secretary 3 of the junta, Lt. Gen. Win Myint. He is also engaged in the agriculture business and served as the President of the Myanmar Billion Group, Nilayoma Co., Ltd., East Yoma Co., Ltd., and the Kanbawza Hospital in Taunggyi, Shan State. He is also the agent for London Cigarettes for the Shan and Kayah States. The Kanbawza Group was chosen for the Best Corporate Governance award for 2013 by the World Finance Magazine, which is the first time in the history of Myanmar’s companies. The group includes various businesses such as construction, garments, insurance, banking, oil, communications, cement, aviation, and mining. There are altogether 11 subsidiaries and the major subsidiaries of the KBZ Group include Air KBZ, Myanmar Airways International, the Kanbawza Bank, and IKBZ insurance. The Kanbawza Bank, which is the flagship subsidiary of the Kanbawza Group, is the number one income tax payer for 2012-2013. U Min Htut, Director-General of the Ministry of Finance and Revenue, said the Kanbawza Bank earned over 10 billion Kyat (US$10 million) last fiscal year with tax levied at 25 percent on net profits (DVB, 2013). U Aung Ko Win's Kanbawza Group's main business segment is undoubtedly banking and finance. He founded the Kanbawza Bank Limited (KBZ Bank), now the largest private bank with over 130 branches in Myanmar. It was also one of the first private commercial banks in Myanmar founded in Taunggyi, Shan State. At that time, it was one of five major private commercial banks in Myanmar (Myanmar Universal Bank, Yoma Bank, Myanmar May Flower Bank, and the Asia Wealth Bank are the others). It won the “Best Commercial Bank in Myanmar” and “Best Banking Group in Myanmar” awards for 2013. The Kanbawza Bank declared US$10 million in total net profits in 2012-2013 (DVB, 2013). Moving to the airline industry, on 1 April 2011, the bank launched Air KBZ, one of the four privately owned domestic airlines in Myanmar, with plans to expand to international flights in the near future. Air KBZ has a fleet six of 6 aircraft with 1 on order, and flies to 14 destinations locally. The Kanbawza Group also holds stakes in another airlines, MAI. In 2010, the then government of Myanmar sold an 80% stake in MAI to Kanbawza Bank Ltd. and 20% is retained by the state-owned domestic carrier, Myanmar Airways. It has currently a fleet size of 7 aircraft flying to 12 destinations locally and abroad. Kanbawza also has fuel pumping stations operating across major 145
cities in Myanmar. The Kanbawza Group also owns IKBZ Insurance Co. Ltd. The Kanbawza Group's main strategic focus is in the banking, finance, and airline sectors. 3.3 The Max Myanmar Group of Companies The Max Myanmar Group was first founded in the early 1990s by U Zaw Zaw. U Zaw Zaw is one of the well-known Myanmar business tycoons/cronies in the country and Chairman of the Max Myanmar Group of Companies, a major conglomerate with interests in the timber, gems, construction, mechanical engineering, transportation, hotel and tourism, rubber plantations, and banking industries. He also serves as the Chairman of the Myanmar Football Federation. He is also an AFC Exco Member and the Chairman of AFC Organizing Committee for Youth Competition. The Max Myanmar Group of Companies was originally established as Max Myanmar Co., Ltd. in 1993 and now, the company has expanded into a conglomerate with 9 subsidiary firms. It started operation by importing buses from Japan, simultaneously with the import of generators and earth-moving equipment and machinery. Through an aggressive growth strategy, the company expanded steadily and diversified into other business sectors and industries. In 2010, the ruling junta oversaw a rush of privatizations before handing power to a nominally civilian government. Max Myanmar acquired 12 gas stations, part of the land for the coming Novotel hotel, and a banking license for the Ayeyawaddy Bank, putting U Zaw Zaw in good position to capitalize on the ensuing opening of Myanmar's economy. Recently, U Zaw Zaw, without success, tried to bypass US sanctions by involvement in a process known as a reverse takeover of a Singapore company called the Aussino Group Ltd. The process, known as a reverse takeover or reverse merger, in which a private company (Max Group of Companies) merges with a publicly traded shell (Aussino Group Ltd. of Singapore) to gain access to capital markets. Aussino would buy U Zaw Zaw's Max Strategic Investments Pte. Ltd.—a holding company set up to run the conglomerate's gas-station operations—by issuing 70 million Singapore dollars, or roughly US$55 million in new shares to the Max Myanmar Group of Companies. Eventually, this plan was rejected by the Singapore Stock Exchange. Max Myanmar Co., Ltd. is principally engaged in the business of trading, mainly in the supply of private and commercial vehicles and heavy machinery. The company is the sole distributor in Myanmar for the Japanese brand of “Airman” generators. In the construction sector, the company is participating in the Yangon Nay Pyi Taw Expressway construction project and the government’s ministry buildings in Nay Pyi Taw. Max was awarded almost all the construction projects for the stadia and gymnasiums for the 2013 South East Asia Games. In hotel and tourism, the group has a 146
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10/11/2017 Home - KBZ Bank https://www.kbzbank.com/en/ 6/6 (https://www.kbzbank.com/en/myanmars-largest-privately-owned-bank-kbz-bank-appointsmikedenoma-special-advisor-chairman-ceo/) NEWS | Myanmar’s largest privately-owned bank, KBZ Bank, appoints Mike DeNoma as Special Advisor to the Chairman (https://www.kbzbank.com/en/myanmars-largest-privately-owned-bank-kbz-bank- appointsmikedenoma-special-advisor-chairman-ceo/) Mr. DeNoma to be supported by newly appointed Deputy CEOs of KBZ Bank Aung Kyaw Myo, Nang Lang
10/11/2017 Kanbawza Bank - Wikipedia https://en.wikipedia.org/wiki/Kanbawza_Bank 1/2 Kanbawza Bank Type Private Industry Banking Founded 1994 Headquarters Yangon, Myanmar Key people Aung Ko Win (Chairman) Products Financial Services Number of employees Over 18,000 Kanbawza Bank Kanbawza Bank (Burmese: ကမ္ဘောဇဘဏ် ; abbreviated as KBZ Bank) is a private commercial bank in Myanmar. The bank was established on 1 July 1994 in Taunggyi, Shan State. KBZ bank is part of the KBZ Group conglomerate (founded by Aung Ko Win aka Saya Kyaung). In February 2010, the bank bought an 80% share in Myanmar Airways International, Myanmar's international airline.[1] On 1 April 2011, the bank launched Air KBZ, one of four privately owned domestic airlines in Myanmar, with plans to expand to international flights in the near future.[2] References 1. Moe, Wai (2010-02-03). "Western-sanctioned Kanbawza Bank Buys Airline" (htt p://www.irrawaddy.org/article.php?art_id=17734). The Irrawaddy. Retrieved 2010-09-14. 2. Zaw Win Than (28 March 2011). "Kanbawza to launch domestic airline on April 1" (http://www.mmtimes.com/2011/news/568/news56805.html). MyanmarTimes. Retrieved 25 March 2012. External links Kanbawza Bank Limited (KBZ) (http://www.kbzbank.com) Official site Retrieved from "https://en.wikipedia.org/w/index.php? title=Kanbawza_Bank&oldid=802615307"
10/11/2017 Kanbawza Bank - Wikipedia https://en.wikipedia.org/wiki/Kanbawza_Bank 2/2 Website www .kbzbank .com (http:// www.kbzban k.com) This page was last edited on 27 September 2017, at 09:32. Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization.
10/11/2017 KBZ responds to Global Witness report | The Myanmar Times https://www.mmtimes.com/business/17288-kbz-responds-to-global-witness-report.html 3/11 1. Home 2. » Business 3. » KBZ responds to Global Witness report KBZ responds to Global Witness report KBZ responds to Global Witness report Aye Thidar Kyaw 30 Oct 2015
10/11/2017 KBZ responds to Global Witness report | The Myanmar Times https://www.mmtimes.com/business/17288-kbz-responds-to-global-witness-report.html 4/11 Kanbawza Group started out in the jade industry and has since grown to become a conglomerate, with a number of businesses including the country’s largest bank by deposits.(Kaung Htet/The Myanmar Times) KBZ responds to Global Witness report In light of a report published last week on Myanmar’s jade trade, officials from Kanbawza (KBZ) Group say their reputation is unlikely to be tarnished. The research, by non-profit Global Witness, claims that the illicit jade industry was worth up to US$31 billion last year alone, and is controlled by networks of military officials and politically influential business tycoons, while local people face unabating conflict and poverty.
10/11/2017 KBZ responds to Global Witness report | The Myanmar Times https://www.mmtimes.com/business/17288-kbz-responds-to-global-witness-report.html 5/11 It claims KBZ chair U Aung Ko Win has close ties with the Ever Winner network of companies, one of the biggest players in the industry with a total of 12 mining firms. Senior managing director U Nyo Myint of KBZ Group told The Myanmar Times that jade mining is the company’s first business and a “prime and legal source of income for the other businesses in the conglomerate”. “This is not a secret, since from the beginning we publicised where our business comes from,” he said, adding that the company has tried its best to comply with international standards of transparency, including cooperating with the Extractive Industries Transparency Initiative and paying regular taxes. Global Witness met with KBZ during its year-long investigation into the sector, and was satisfied with the company’s cooperation, he said. “We regard the report as being for the good of the country. KBZ will continue to collaborate with Global Witness to upgrade the standard of the mining industry in Myanmar,” he added. All of KBZ’s jade and gem products are sold through emporiums organised by the government, he said, adding that the company pays tax on every sale. Senior managing director U Than Cho of KBZ Bank confirmed that the company’s roots are in the jade trade. It has since grown into a conglomerate with interests in insurance, agriculture, aviation, real estate and trade. Its bank has become the largest domestic private bank with the most branches in the country, he said. According to U Nyo Myint, nearly 40 percent of nationwide deposits are held in KBZ Bank. Global Witness points out in its report that KBZ’s bank is now around three times larger than its nearest private sector rival. “What is it doing that its competitors are not? Does jade provide part of the answer and, if so, where and whom is it coming from,” it said. The company has won a range of awards both internationally and in Myanmar, topping the Ministry of Finance’s list of top taxpayers as well as a survey of leading Myanmar companies’ transparency levels by the Myanmar Centre for Responsible Business, said Global Witness. “While the company’s commitment to greater transparency is laudable, its relationship with the jade business remains opaque,” it said. A government senior official told local media that officials have no plan to investigate the findings of the report. However, a Central Bank of Myanmar official said authorities will closely monitor the impact of the report on confidence in KBZ Bank, as it is the largest bank by deposits
10/11/2017 Top Myanmar Bank May Sell Stake to Foreign Firm, If Law Allows - Bloomberg https://www.bloomberg.com/news/articles/2017-03-12/top-myanmar-bank-may-sell-stake-to-foreign-firm-if-law-allows 1/3 ➞ ➞ Bank needs capital in order to expand in under-banked country Myanmar considers changes to law allowing foreign ownership Myanmar’s largest privately-owned bank by assets says it’s willing to sell a stake to a foreign lender, pending a change in the country’s law, as it gears up to expand its operations in one of Asia’s most under-banked nations. “In any emerging market, capital is important,” said Nang Kham Noung, an executive director of KBZ Bank <https://www.bloomberg.com/quote/1044892D:MY> . “For us, we are open to foreign partnership. However that’s subject to the central bank and the regulation,” she said in an interview last week in Yangon. Myanmar is considering changes to the companies law that would allow foreign investors to acquire stakes of up to 35 percent in local firms, a government official said <https://www.bloomberg.com/news/articles/2017-02-14/suu-kyi-pushes-for-myanmar-investment-as- rohingya-crisis-deepens> last month. Existing laws don’t allow foreign investors to hold stakes in local banks, according to KBZ Bank. Like many companies in Myanmar, the bank needs foreign capital to keep pace with rising demand in Myanmar’s rapidly expanding economy, which grew by 8.1 percent last year. By March 13, 2017, 4:00 AM GMT+7 TopMyanmarBankMaySellStaketoForeignFirm,IfLawAllows ChanyapornChanjaroen
10/11/2017 Top Myanmar Bank May Sell Stake to Foreign Firm, If Law Allows - Bloomberg https://www.bloomberg.com/news/articles/2017-03-12/top-myanmar-bank-may-sell-stake-to-foreign-firm-if-law-allows 2/3 KBZ Bank, founded in 1994, aims to more than double the number of its branches to 1,000 by 2020, as well as grow mobile financial services to reach people in rural areas, Nang Kham Noung said. It may consider an initial public offering, she said. Myanmar’s banking system is “immature” and regulation remains rudimentary, said Nam Soon Liew, managing partner for ASEAN financial services at the consultancy EY in Singapore. “Myanmar banks need to make sure that their businesses, operations and risk management are more robust, that they have stronger balance sheets, stronger management control, product platforms and accounting systems," he added. About 77 percent of the population has no access to banking, according to consultancy Roland Berger. GroupInterests KBZ Bank is part of the KBZ Group, which was founded by Nang Kham Noung’s father Aung Ko Win. The business empire includes gems and jade mining and trading, aviation, insurance and construction, according to the group’s website <http://www.kbzgroup.com.mm/who_we_are.html> . Aung Ko Win, his wife and three daughters sit on the group’s board, the website shows. Unlike several other local companies, KBZ wasn’t subject to international sanctions under the former military government, the bank said. “We are working towards international standards in corporate governance” and plan to include more independent directors on KBZ Bank’s board, Nang Kham Noung said. She declined to give details of the current composition of the board.
10/11/2017 Top Myanmar Bank May Sell Stake to Foreign Firm, If Law Allows - Bloomberg https://www.bloomberg.com/news/articles/2017-03-12/top-myanmar-bank-may-sell-stake-to-foreign-firm-if-law-allows 3/3 Terms of Service Trademarks Privacy Policy ©2017 Bloomberg L.P. All Rights Reserved Careers Made in NYC Advertise Ad Choices Website Feedback Help KBZ Bank’s assets grew at a compound annual rate of 44 percent between 2012 and 2016, and now stand at $8 billion, according to the bank. It has 17,889 employees. The bank is recruiting more staff, targeting Myanmar nationals who have lived abroad as well as foreigners, Nang Kham Noung said.
10/11/2017 KBZ Bank | LinkedIn https://www.linkedin.com/company/kbz-bank 1/3 KBZ Bank Banking 10,001+ employees See jobs4,150 followers Follow Home KBZ Bank employees Keep up with KBZ Bank Stay up to date with company news Discover new job opportunities See how you're connected to employees Join LinkedIn to get the latest news, insights, and opportunities from over 3 million companies. It's free! Join LinkedIn     Website http://www.kbzbank.com Industry Banking Type Privately Held Headquarters Company Size Founded KBZ Bank, established in 1994, is the largest privately owned bank in Myanmar and the first to have expanded internationally, with representative offices in Singapore, Thailand and Malaysia. With 18,000 staff, more than 480 branches nationwide and 40% market share of both retail and commercial banking, KBZ is leading the way for Myanmar’s rapidly developing financial services industry through an approach that understands the unique context of the country’s economy as it transitions towards a digital future. As Myanmar’s economy expands and opens up, KBZ sees an exciting opportunity to work with further international investors, providing a critical bridge to Myanmar’s fast-growing cities, entrepreneurs and local communities. Specialties Retail Banking, Wholesale Banking Nang Lang Kham Executive Director See how you're connected Sign in Join now
Collection of Burmese Tycoon U Aung Ko Win A Family of Entrepreneurs
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Collection of Burmese Tycoon U Aung Ko Win A Family of Entrepreneurs

  • 1. 10/11/2017 A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/#2db16e1c55cb 1/9  Business #ForeignAffairs OCT 4, 2017 @ 08:40 PM 3,544  / / A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar Forbes Asia Special Reports FULL BIO Opinions expressed by Forbes Contributors are their own. Ron Gluckman, Contributor This story appears in the October 2017 issue of Forbes Asia. Subscribe When a husband-and-wife team took over KBZ Bank in remote northern Myanmar in 1996, it had all the trappings of a mom-and-pop operation. She was a local schoolteacher. He also had been a teacher, then he switched to tutoring before going into trading and mining. Today two of their daughters help run things, and it's still entirely owned by the family.
  • 2. 10/11/2017 A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/#2db16e1c55cb 2/9 But looks can be deceiving. Aung Ko Win and wife Nan Than Htwe have built KBZ into by far the biggest bank and one of the largest companies in the country. KBZ Group boasts two airlines, Air KBZ and Myanmar Airways International, and holds stakes in the agriculture, real estate and tourism industries. The Adam Dean For Forbes In the spotlight: sisters Nang Lang Kham and Marlene Nang Kham Noung. [+]
  • 3. 10/11/2017 A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/#2db16e1c55cb 3/9 two sent the daughters overseas for management degrees and this year brought in a professional chief executive. They may raise money in a stock market listing to invest in new businesses at home and abroad. Myanmar aspires to be Asia's next tiger economy, and to get there it's counting on companies such as KBZ to upgrade its skills and become internationally competitive. "We don't want to be the best bank in Myanmar," says second daughter Marlene Nang Kham Noung. "We want to be among the best in the world." KBZ claims 40% of the country's bank deposits, and its deposits have exploded since the country opened up, growing at an average annual rate of 43% since 2012. Last year it became the first Myanmar bank to open offices in Thailand, Malaysia and Singapore, neighboring markets that are not only important for doing cross-border business but also for collecting remittances from millions of overseas workers. In March, KBZ announced a landmark deal with Sumitomo Mitsui Banking Corp. to expedite fund transfers in the U.S. A deal like that would have been unimaginable a few years ago, when strict U.S. sanctions against Myanmar were still in effect. A majority-owned unit also controls roughly a third of the country's insurance market, and the annual growth in the premiums it collects tops 40%. It's the local front-runner in other financial services, too, such as credit cards. Across the empire, analysts praise KBZ's planning, management and smart investments. "They are definitely one of the most important companies in Myanmar," says a consultant in Yangon. "They are ahead of the curve on everything: human resources, recruiting, transparency and business practices. Others talk, but KBZ is really working to be the best." The bank employs almost 20,000 people and notes that it's the country's biggest taxpayer: It paid nearly $25 million last year. Even so, the bank represents less than a fourth of KBZ's 80,000 workers. Privately held, the company doesn't disclose figures for revenue and profits. Long groomed for the spotlight, Marlene, 26, and sister Nang Lang Kham, 29, are both executive directors of KBZ Group and deputy CEOs of KBZ Bank. They're regarded as two of the brightest lights in a wave of
  • 4. 10/11/2017 A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/#2db16e1c55cb 4/9 young Myanmar business leaders. Nang is in demand as a conference speaker, with foreign executives keen for insights into the country's business reboot. Marlene seems to be the deep thinker; she originally planned a career in the foreign service. The pair exudes a bubbly, infectious energy. The upbeat impression is heightened by a tour of a KBZ office. With an incubator lab and walls sporting signs with bright, inspirational messages, it could be the home of a tech startup. The sisters buzz about investments in high-speed internet to connect the bank's branches and about creative digital-advertising campaigns targeting customers on mobile phones. They mention a tie-in with Viber, a popular voice-and-messaging service that uses the internet. The conversations seem ordinary, except that this is a country where cellphones and the internet were outlawed until not long ago. In May, KBZ won praise for hiring an American banker, Mike DeNoma, as chief executive. He has extensive experience around Asia, including serving as CEO of Taiwan's Chinatrust Commercial Bank and expanding it to ten countries. "This is an amazing time for Myanmar," he says. "Where else in the world can you find a country where 30% of the people have electricity, 20% have a bank account, but 90% have smartphones?" He says KBZ will continue to modernize. "Within six months, you'll see a lot, like anywhere-anytime banking."
  • 5. 10/11/2017 A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/#2db16e1c55cb 5/9 KBZ has managed to avoid being tainted by the corruption that's plagued Myanmar for decades (and by the current Rohingya refugee crisis). International organizations put the bank through meticulous vetting before signing on as a partner on various projects, and these groups heap praise on KBZ. "In terms of business operations they grade very high," says a senior official with a large international financier. "They “They genuinely care about investing in the country”: Aung Ko Win and wife Nan Than Htwe; their third daughter, Tracy[+]
  • 6. 10/11/2017 A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/#2db16e1c55cb 6/9 can be aggressive, but they don't just chase wealth. They genuinely care about investing in the country, and its future, by supporting its upcoming entrepreneurs." KBZ has focused on its human-resources department, working to make sure it treats employees well. It's also spending money on corporate social responsibility. Its Brighter Future Myanmar Foundation has financed water projects in the parents' home Shan State, independent advocacy films and the Yangon Photo Festival, controversial for highlighting uncensored photojournalism. In 2014, KBZ was ranked No. 1 for transparency by the Myanmar Centre for Responsible Business. One of KBZ's first businesses was mining for rubies in Shan State. Mining in Myanmar is a murky industry marked by smuggling and payoffs to generals, and a report by London-based Global Witness in 2015 outlined the corruption. The group says KBZ was one of the only companies to cooperate with research for the expos?. The mine is still operational, according to a KBZ spokeswoman, but the focus is now on reforestation and modernization. "We are committed to responsible mining," she says. The KBZ website notes: "We are committed to meeting international norms and standards in all our business operations. We have zero-tolerance policies for bribery or facilitation payments." Some of Nan's fellow teachers formed Kanbawza Bank in 1994 as a sort of credit union in the Shan State capital of Taunggyi. (KBZ is short for Kanbawza, a Pali word for the Shan region.) Aung's trading and mining business prospered , and two years later, he bought the banking operation. Aung (now 55) moved KBZ and his family to Yangon in the late 1990s, when there were only 4 branches. Now there are 485, and KBZ expects to reach 500 by the end of the year. The family lived in the headquarters building--customers bustled in the branch at street level with offices above, while home was the top floor. "Nang always wanted to work in the bank," says Marlene. "But now we both are really involved." Adds Nang: "Banking is exciting, really one of the last frontiers here. We grew up in the bank. Even as kids, we were always there, greeting customers. We always felt a part of it."
  • 7. 10/11/2017 A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/#2db16e1c55cb 7/9 Like many children of the elite in Myanmar, Nang and Marlene were sent to school overseas. Nang studied business administration and management at the National University of Singapore, then earned a master's degree in management at the University of Sydney. Marlene spent four years at Georgetown University's School of Foreign Service in Qatar before getting a master's degree in innovation, entrepreneurship and management from Imperial College Business School in London. (The youngest sister, Tracy Nang Mo Hom, 21, is training to be a doctor.) The sisters praise their parents' acumen in building the business. Their mother, 60, the vice chairman, is described as the ultimate bean counter and has the final say on all financing. "Dad is very progressive," notes Nang. "He knows more about Facebook than us, and he's not on Facebook!" Instead, she says, he spends lots of time in Myanmar's original information highway--tea shops. "He goes and listens to everyone." The first candidate for a listing among the company's many businesses might be insurance, the sisters acknowledge. But the options are numerous, and KBZ holds many cards. "Our dad is the strategist," says Nang. "In any business you have to have a plan. Even when we were very young, they had a plan."
  • 8. 10/11/2017 ြမန်မာ ိင်ငံ၌ ဘ ာေရးလပ်ငန်း ကီး တခ တည်ေဆာက်ေနသည့် KBZ မိသားစ https://burma.irrawaddy.com/article/2017/10/10/144045.html 1/9 10 October 2017ဧရ§ဝတ© ¬ဆ§င±°ပ¦° ¶မန±မ§Ð¨ªင±င®၌ ဘÔ§¬ရ°လªပ±ငန±°¹က©° တခª တည±¬ဆ§က±¬နသည¯± KBZ မ¨သ§°စª
  • 9. 10/11/2017 ြမန်မာ ိင်ငံ၌ ဘ ာေရးလပ်ငန်း ကီး တခ တည်ေဆာက်ေနသည့် KBZ မိသားစ https://burma.irrawaddy.com/article/2017/10/10/144045.html 2/9 ၁၉၉၆ ခªÐ´စ±ခနÚ±ဆ©က ¶မန±မ§¶ပည±¬¶မ§က±ပ¨ªင±°၌ ဇန©°¬မ§င±Ð´®Ð´စ±ဦ°က က¬မž§ဇဘဏ±က¨ª စတင±တည± ¬ထ§င±ခ­¯စα ဖခင± дင¯± မ¨ခင±¶ဖစ±သ«သ§ ဦ°စ©°လªပ±က¨ªင±ခ­¯ ¶ခင±°¶ဖစ±သည±။၁၉၉၆ ခªÐ´စ±ခနÚ±ဆ©က ¶မန±မ§¶ပည±¬¶မ§က±ပ¨ªင±°၌ ဇန©°¬မ§င±Ð´®Ð´စ±ဦ°က က¬မž§ဇဘဏ±က¨ª စတင±တည± ¬ထ§င±ခ­¯စα ဖခင± дင¯± မ¨ခင±¶ဖစ±သ«သ§ ဦ°စ©°လªပ±က¨ªင±ခ­¯¶ခင±°¶ဖစ±သည±။ ထ¨ªစαက ဇန©°¶ဖစ±သ«မ´§ ယင±°¬ဒသမ´ ¬က²§င±°ဆရ§မတဦ°¶ဖစ±¸ပ©°၊ ခင±ပ³န±°သည±မ´§လည±° ကªန±သ³ယ± ¬ရ°Ð´င¯± ¬က²§က±မ²က± သတ– Ë ရ´§¬ဖ³¬ရ°လªပ±ငန±° မ လªပ±က¨ªင±မ©အထ¨ စ§သင±သည¯± အလªပ±က¨ªသ§ လªပ±က¨ªင±ခ­¯သည±။ ယ¬နÚမ´§¬တ§¯ ဇန©°¬မ§င±Ð´® дစ±ဦ°သ§မက သမ©°Ð´စ±¬ယ§က±ပ¦ မ¨ဘစ©°ပ³§°¬ရ°က¨ª ဝင±¬ရ§က± လªပ± က¨ªင±¬န·က¸ပ©¶ဖစ±ရ§ ၎င±°တ¨ªÚလªပ±ငန±°အ§°လª®°က¨ª သ«တ¨ªÚ မ¨သ§°စªက လª®°လª®°လ²§°လ²§° ပ¨ªင±ဆ¨ªင±¬န¬တ§¯၏။ သ¨ªÚ¬သ§± ထ¨ªအ¶ခင±°အရ§မ²§°သည± မ²က±လ´ည¯±¶ပလ¨ªက±သက­¯သ¨ªÚရ´¨၏။ ယ¬နÚ၌မ« ဦ°¬အ§င±က¨ªဝင±°Ð´င¯± ဇန©° ¬ဒµနန±°သန±°¬ထ³° တ¨ªÚသည± က¬မž§ဇ (KBZ) က¨ª အ¹က©°ဆª®°ဘဏ±အ¶ဖစ± တည±¬ထ§င±Ð¨ªင±ခ­¯¸ပ© ¶ဖစ±¸ပ©° ဤတ¨ªင±°¶ပည±တ³င± အ¹က©°မ§°ဆª®°¬သ§ ကªမ›ဏ©မ²§°ထ­မ´§ တခªအ¶ဖစ± ရပ±တည±Ð¨ªင±လ²က±ရ´¨သည±။ KBZ လªပ±ငန±°စªက Air KBZ дင¯± Myanmar Airways International ဟ«၍ ¬လ¬·က§င±°လ¨ªင±° дစ±လ¨ªင±°က¨ª တ¨ª°ခ²­Ùလªပ±က¨ªင± Шªင±ခ­¯¸ပ©° စ¨ªက±ပ²¨Ë°¬ရ°၊ အ¨မ±¶ခ®¬¶မ дင¯± ခရ©°သ³§°လªပ±ငန±°တ¨ªÚပ¦ ပ¦ဝင±သည±။ သမ©°Ð´စ±¬ယ§က±က¨ª Шªင±င®¶ခ§°ပ¨ªÚ၍ စ©မ®ခနÚ±ခ³­ဘ§သ§ရပ±သင±ယ«¬စက§ ယခªÐ´စ±တ³င±က½မ±°က²င¯±အဆင¯± အမʬဆ§င±အရ§ရ´¨ အ¶ဖစ± တ§ဝန±ယ«¬စသည±။ ၎င±° မ¨သ§°စªသည± ¶ပည±တ³င±°¶ပည±ပရ´¨ သ«တ¨ªÚ၏ စ©°ပ³§°¬ရ° လªပ±ငန±°သစ±မ²§°တ³င± ရင±°Ð´©°¶မÉပ±Ð´®ရန± အတ³က± စ¬တ§¯¬ဈ°က³က±ရ´¨ ¬င³¬·က°မ²§°က¨ª ¶မÉင¯±တင±¬က§င±°¶မÉင¯± တင±Ð¨ªင±လ¨မ¯±မည±¶ဖစ±သည±။ ¶မန±မ§Ð¨ªင±င®သည± အ§ရ´တ³င± ¬န§က±ထပ±တ¨ª°လ§မည¯± က²§°တ¬က§င±အ¶ဖစ±သ¨ªÚ အÑ«°အမ«°¬ရ§က±ခ²င± ¬နသည±¶ဖစ±ရ§ ¶ပည± တ³င±°ရ´¨ KBZ က­¯သ¨ªÚလªပ±ငန±°မ²¨Ë°က Шªင±င®တက§Ð´င¯± ရင±¬ပ¦င±တန±° ¸ပ¨Ëင±ဆ¨ªင±Ð¨ªင± သည¯± အဆင¯±သ¨ªÚ ¶မÉင¯±တင±Ð¨ªင±ရန±လ¨ªသည±။ “က²မတ¨ªÚက ¶မန±မ§Ð¨ªင±င®မ´§ပ­ အ¬က§င±°ဆª®°ဘဏ±¶ဖစ±ခ²င±တ§ မဟªတ±ပ¦ဘ«°။ ကမž§မ´§ပ¦ အ¬က§င±°ဆª®° ¶ဖစ±ခ²င±တ§ပ¦” ဟª ဒªတ¨ယသမ©°¶ဖစ±သ« ¬ဒµနန±°ခမ±° ¬န§င¯±က ¬¶ပ§·က§°သည±။ KBZ ဇန©°¬မ§င±Ð´®Ð´င¯± သမ©°မ²§° / Forbes
  • 10. 10/11/2017 ြမန်မာ ိင်ငံ၌ ဘ ာေရးလပ်ငန်း ကီး တခ တည်ေဆာက်ေနသည့် KBZ မိသားစ https://burma.irrawaddy.com/article/2017/10/10/144045.html 3/9 KBZ သည± တ¨ªင±°¶ပည±၏ ဘဏ±အပ±¬င³ ၄၀ ရ§ခ¨ªင±ÐÊန±°က¨ª လက±ခ®ထ§°ရ´¨¸ပ©° ယင±°ပမ§ဏသည± တ¨ªင±°¶ပည±ပ³င¯±လင±°လ§စα ကတည±°က ရရ´¨လ§¶ခင±°¶ဖစ±¸ပ©° ၂၀၁၂ ခªÐ´စ±မ´စတင±၍ дစ±စαပ²မ±°မÀ ၄၃ ရ§ခ¨ªင±ÐÊန±° တ¨ª°တက±လ²က±ရ´¨ပ¦သည±။ ¸ပ©°ခ­¯သည¯±Ð´စ±က ထ¨ªင±°၊ မ¬လ°ရ´§°Ð´င¯± စင±က§ပ«တ¨ªÚတ³င± ¶မန±မ§Ð¨ªင±င®မ´ လ§¬ရ§က±ဖ³င¯±လ´စ±သည¯± ပထမဆª®°ဘဏ±အ¶ဖစ± KBZ က ဖ³င¯±လ´စ±Ð¨ªင±¶ခင±°¬·က§င¯± အ¨မ±န©°ခ²င±°Ð¨ªင±င®မ²§° ¬ဈ°က³က±တ³င± နယ±စပ±ကªန±သ³ယ±¬ရ°အတ³က± အ¬ရ°ပ¦Ñª®မကဘ­ ¶ပည±ပ ¬ရ§က± ¶မန±မ§အလªပ±သမ§°ထ®မ´ ¬င³လ¼­မÊမ²§°က¨ªပ¦ စªစည±°Ð¨ªင±ခ­¯¸ပ© ¶ဖစ±သည±။ ¸ပ©°ခ­¯သည¯±မတ±လတ³င± ဆ«မ©တ¨ªမ¨ª မစ±ဇ«ရ© ဘဏ±¬က§±ပ¨ª¬ရ°ရ´င±°Ð´င¯± အ¬ရ°ပ¦သည¯± သ¬ဘ§တ«ည©ခ²က± ရရ´¨ခ­¯¸ပ©°၊ အ¬မရ¨ကန± ¶ပည±¬ထ§င±စªတ³င± ဘÔ§¬ရ° ဆ¨ªင±ရ§ အဆ©°အတ§°မရ´¨ ပ«°¬ပ¦င±°လªပ±က¨ªင±Ð¨ªင±¸ပ©° ¶ဖစ±¬·က§င±° KBZ က¬·ကည§သည±။ ယင±°သ¨ªÚ ¬·ကည§Ð¨ªင±¶ခင±°မ´§ အ¬မရ¨ကန±က ¶မန±မ§က¨ª ပ¨တ±ဆ¨ªÚဒဏ±ခတ±မÊမ²§° ¶ပËလªပ±ထ§°¶ခင±°မ´ ¬¶ဖ¬လ²§¯¬ပ°¸ပ©°သည¯± ¬န§က±ပ¨ªင±° ယခင±ကစ¨တ±က«°အ¨ပ±မက± တစ±ခª အ¬က§င±အထည±¬ပµလ§¶ခင±°ဟª ဆ¨ªÐ¨ªင±သည±။ အမ²§°စªပ¨ªင±ဆ¨ªင±မÊတခªက တ¨ªင±°¶ပည±၏ တတ¨ယ¬¶မ§က± အ¹က©°ဆª®°အ§မခ®¬ဈ°က³က±က¨ªလည±° အ·ကမ±°ဖ²င±°အ§°¶ဖင¯± ထ¨န±° ခ²Ëပ±Ð¨ªင±¸ပ©¶ဖစ±¸ပ©°၊ ၄၀ ရ§ခ¨ªင±ÐÊန±° ¶ဖင¯± ထ¨ပ±တန±°မ´ရ´¨က§ ပရ©မ©ယ® дစ±စαတ¨ª°တက±လ²က±ရ´¨ပ¦သည±။ KBZ သည± အ¬¿က°ဝယ±ကတ± (Credit Card)က­¯သ¨ªÚ အ¶ခ§°ဘÔ§¬ရ° ဝန±¬ဆ§င±မÊမ²§°တ³င±လည±° ¶ပည±တ³င±°၌ ထ¨ပ±တန±° မ´ ဦ°¬ဆ§င±¬နသည±။ အက­ခတ± သမ§°မ²§°က KBZ ၏ အစ©အစαမ²§°၊ စ©မ®ခနÚ±ခ³­မ²§°၊ ရင±°Ð´©°¶မÉËပ±Ð´®မ²§°Ð´င¯± ပတ±သက±¸ပ©° ခ²©°က²Ì°·ကသည±။ “သ«တ¨ªÚဟ§ ¶မန±မ§¶ပည±မ´§ အ¬ရ°¹က©°ဆª®°ကªမ›ဏ©တစ±ခªပ­ ¶ဖစ±ပ¦တယ±။ လ«Úအရင±°အ¶မစ±၊ အလªပ±အက¨ªင± ရရ´¨¬ရ°၊ ပ³င¯±လင±°¶မင± သ§မÊန­Ú စ©°ပ³§°လက±¬တ³Ù နယ±ပယ± စတ§¬တ³မ´§ ¬ရ´Ù¬ရ§က±ပ¦တယ±။ တနည±°အ§°¶ဖင¯±ဆ¨ªရရင± KBZ ဟ§ အ¬က§င±°ဆª®°¶ဖစ± ¬အ§င± တကယ¯±က¨ªလªပ±Ð¨ªင±ပ¦တယ±” ဟª ရန±ကªန±¸မ¨ËÙမ´ အတ¨ªင±ပင±ခ®တစ±ဦ°က မ´တ±ခ²က±ခ²သည±။ ၎င±°ဘဏ±သည± ဝန±ထမ±°¬ပ¦င±° дစ±¬သ§င±°¬က²§±က¨ª အလªပ±¬ပ°ထ§°Ð¨ªင±¸ပ©° တ¨ªင±°¶ပည±က¨ª အ¹က©°မ§°ဆª®° အခ³န±ထမ±°သ« အ¶ဖစ±လည±° အသ¨အမ´တ±¶ပ˶ခင±°ခ®ရ သည±။ ¸ပ©°ခ­¯သည¯±Ð´စ±က အ¬မရ¨ကန±¬ဒµလ§ ၂၅ သန±°န©°ပ¦° အခ³န±ထမ±°¬ဆ§င±ခ­¯သည±။ KBZ လªပ±ငန±°စª၏ ဝန±ထမ±°¬ပ¦င±° ရ´စ±¬သ§င±°အနက± ဘဏ±ဝန±ထမ±°မ²§°က ¬လ°ခ²¨Ë°တစ±ခ²¨Ë°မÀရ´¨¸ပ©°၊ အတ³င±°စည±°အ§°¶ဖင¯± ကªမ›ဏ©သည± အခ³န±¬တ§±Ð´င¯± အ¶မတ±တ¨ªÚ၏ အခ²က±အလက±က¨န±°ဂဏန±°မ²§°က¨ª ထªတ±¬ဖ§±¶ခင±°မရ´¨¬ပ။
  • 11. 10/11/2017 ြမန်မာ ိင်ငံ၌ ဘ ာေရးလပ်ငန်း ကီး တခ တည်ေဆာက်ေနသည့် KBZ မိသားစ https://burma.irrawaddy.com/article/2017/10/10/144045.html 4/9 ¬ဒµမ§လင±° နန±°ခမ±°¬န§င¯±မ´§ ၂၆ အရ³ယ±ရ´¨¸ပ©¶ဖစ±¸ပ©°၊ အမ¶ဖစ±သ« ¬ဒµနန±°လ¨ªင±ခမ±°မ´§ အသက± ၂၉дစ±ရ´¨က§ дစ±ဦ°လª®°မ´§ က¬မž§ဇ ဘဏ±အªပ±စª (KBZ)၏ အမʬဆ§င± ဒ¦Ñ¨ªက±တ§မ²§°အ¶ဖစ± တ§ဝန±ယ«ထ§°သလ¨ª က¬မž§ဇဘဏ± လ©မ¨တက±၏ ဒªတ¨ယ အမʬဆ§င± အရ§ရ´¨ခ²Ëပ±မ²§°အ¶ဖစ±လည±° ¶ဖစ±သည±။ သ«တ¨ªÚက¨ª ¶မန±မ§ လ«ငယ±စ©°ပ³§°¬ရ°¬ခ¦င±°¬ဆ§င±မ²§°လØင±°လª®°တခª၏ ·ကယ±ပ³င¯±Ð´စ±ပ³င¯±အ¶ဖစ± မ´တ±ယ«·ကသည±။ နန±°လ¨ªင±ခမ±°သည± တ¨ªင±°¶ပည±စ©°ပ³§°¬ရ° ¶ပန±လည±ဦ°¬မ§¯¬စရန± စ³မ±°¬ဆ§င±မÊအပ¨ªင±° ¬¶ပ§·က§°¬ပ°ရန± Шªင±င®¶ခ§°မ´ စ©°ပ³§°¬ရ° လ«ငယ±ည©လ§ခ®တက±¬ရ§က±ဖ¨ªÚ ဖ¨တ±·က§°¶ခင±°ခ®ရသည±။ မ§လင±°သည± ¬လ°¬လ°နက±နက± စα°စ§°တတ±သ«တဦ°က­¯သ¨ªÚ သ³င±¶ပင±လက‡ဏ§ရ´¨¸ပ©° Шªင±င®¶ခ§°ဝန±¬ဆ§င±မÊမ²§°တ³င± တက±လမ±°ရ´¨သ« အ¶ဖစ± ¬မÀ§±မ´န±°ထ§°သည±။ KBZ ဘဏ±တ³င± အမʬဆ§င±အရ§ရ´¨မ²§°အ¶ဖစ±တ§ဝန±ယ«ထ§°သည¯± သမ©°Ð´စ±ဦ°
  • 12. 10/11/2017 ြမန်မာ ိင်ငံ၌ ဘ ာေရးလပ်ငန်း ကီး တခ တည်ေဆာက်ေနသည့် KBZ မိသားစ https://burma.irrawaddy.com/article/2017/10/10/144045.html 5/9
  • 13. 10/11/2017 ြမန်မာ ိင်ငံ၌ ဘ ာေရးလပ်ငန်း ကီး တခ တည်ေဆာက်ေနသည့် KBZ မိသားစ https://burma.irrawaddy.com/article/2017/10/10/144045.html 6/9 သ«တ¨ªÚ ည©အစ±မдစ±ဦ°၏ ဂªဏ±သတင±°မ´§ ¬မ¼°ပ²®¬န¸ပ©°၊ KBZ Ѫ®°သ¨ªÚ အလည±တ¬ခ¦က±သ³§°¶ခင±°¶ဖင¯± တစª®တခª¬သ§ ယª®·ကည± စ¨တ±ခ²မÊအဟªန±က¨ª ¶မင¯±တက±လ§¬စ သလ¨ª ခ®စ§°ရသည±။ အမ¨¬¶မက¨ª ¶ပန±လည±အက²¨Ë°¶ပËမည¯± သ§°¬က§င±°သမ©°မ³န±မ²§° ¬မ³°ဖ³§°¬ပ°ရန± ဥခ³®မ´¬ဖ§က±ထ³က±ရန± Ѫန±°ကန±¬ပ°သည¯± ခ³န±အ§°က¨ªလည±° ရရ´¨လ¨ªက±သည±။ ¬တ§က±ပသည¯±အန§ဂတ±မ²§°က¨ª ¶မင±ရသည±။ ည©မдစ±¬ယ§က±သည± ¶မန±ÐÊန±°¶မင¯± အင±တ§နက±က³န±ရက±က¨ª သª®°စ³­လ²က± ဘဏ±ခ³­အသ©°သ©°Ð´င¯± ခ²¨တ±ဆက±က§ မ¨ªဘ¨ªင±°လ± ဖªန±°သª®°စ³­သ« ¬ဖ§က±သည±မ²§°က¨ª ပစ±မ´တ±ထ§°သည¯± ဒ©ဂ²စ±တယ±မ§°ကက±တင±°က¨ªလည±° ဖန±တ©°¬န·ကသည±။ လ«¹က¨Ëက±မ²§°သည¯± Viber ဆက±သ³ယ±မÊမ´လည±° အသ®Ð´င¯±သတင±°အခ²က±အလက±တ¨ªမ²§°က¨ª ¶ဖနÚ±¬ဝ ¬န·ကသည±၊ ဤ တ¨ªင±°¶ပည±သည± ဆ­လ±ဖªန±°မ²§°¶ဖင¯± အင± တ§နက±သª®°စ³­¶ခင±°က¨ª မ·က§¬သ°မ© အခ²¨န±အထ¨ ကနÚ±သတ±ခ­¯¬သ§±¶င§°လည±° အင±တ§နက±လ¨ªင±°မ¨¬သ§ ဖªန±°¬ပµမ´ စက§°¬¶ပ§ဆ¨ª¶ခင±° မ²§°က¬တ§¯ Ѩª°ရ´င±°¬န ဆ­ရ´¨သည±။ KBZ သည± ၎င±°ဝန±ထမ±°မ²§° ¬က§င±°¬က§င±°မ³န±မ³န± အလªပ±လªပ±Ð¨ªင±ရန± ရည±ရ³ယ±လ²က± လ«သ§°အရင±° အ¶မစ± (HR) ဌ§နက¨ª အထ«°အ§Ñª®စ¨ªက±သည±။ ထ¨ªÚအ¶ပင± လ«မÊက«ည©¬ရ°က¨စ‹မ²§°အတ³က±လည±° ¬င³¬·က° ကªန±က²ခ®သည±။ သ«တ¨ªÚ တည±¬ထ§င±ထ§°သည¯± အန§ဂတ±အလင±°တန±°¬ဖ§င±¬ဒ°ရ´င±°သည± ရ´မ±°¶ပည±နယ±တ³င± ¬ရရရ´¨¬ရ° စ©မ®က¨န±°မ²§°၊ သဘ§၀ ¬ဘ°အЖရ§ယ±က²¬ရ§က±သည¯± ¬ဒသမ²§°တ³င± က«ည©¶ခင±°¶ဖစ±လည±°¬က§င±°၊ က²န±°မ§¬ရ°¬စ§င¯±¬ရ´§က±မÊ အပ¨ªင±° တ³င±လည±°¬က§င±°၊ ရန±ကªန±ဓ§တ±ပª®ပ³­¬တ§±တ³င± လ³တ±လပ±သည¯± လʮ٬ဆ§±¬ရ° Forbes 
  • 14. 10/11/2017 ြမန်မာ ိင်ငံ၌ ဘ ာေရးလပ်ငန်း ကီး တခ တည်ေဆာက်ေနသည့် KBZ မိသားစ https://burma.irrawaddy.com/article/2017/10/10/144045.html 7/9 ဇ§တ±က§° မ²§°၊ ဆင±ဆ§မ­¯သတင±° ဓ§တ±ပª® ပည§ ¬ရ´Ùတန±°တင±¶ခင±°အတ³က± ¬ဆ³°¬Ð³°¶ခင±°စသည¯±လÊပ±ရ´§°မÊမ²§° အတ³က± ဘÔ§¬ရ°ဆ¨ªင±ရ§ တ§ဝန±ယ«ထ§° သည±။ ၂၀၁၄ ခªÐ´စ±တ³င± KBZ သည± တ§ဝန±သ¨လªပ±ငန±°မ²§°အတ³က± ¶မန±မ§စင±တ§(Myanmar Centre for Responsible Business)၏ န®ပ¦တ± ၁ အဆင¯± သတ±မ´တ± ¶ခင±°ခ®ရသည±။ က¬မž§ဇ၏ ပထမဆª®°လªပ±က¨ªင±¬သ§ လªပ±ငန±°တစ±ခªမ´§ ရ´မ±°¶ပည±နယ±တ³င± ပတ– ¶မ§°တ«°¬ဖ§±¬ရ° လªပ±ငန±°¶ဖစ±သည±။ ¶မန±မ§ Шªင±င®တ³င± ¬က²§က±မ²က±ရတန§ တ«°¬ဖ§±¬ရ°သည± စစ±ဗ¨ªလ±ခ²Ëပ±¹က©°မ²§°က လ«မသ¨သ«မသ¨ လªပ±က¨ªင±¸ပ©° ခ¨ª°ထªတ±¬န¬သ§ လªပ±ငန±°¶ဖစ±¬·က§င±° အက²င¯±ပ²က±¶ခစ§°မÊအ¶ဖစ± လန±ဒန±အ¬¶ခစ¨ªက± ကမž§တလ¼§°¬စ§င¯±·ကည¯±¬ရ°အဖ³­Ù၏ ၂၀၁၅ ခªÐ´စ± အစ©ရင±ခ®စ§က ¬ဖ§±¶ပသည±။ ၎င±°အဖ³­Ùကပင± KBZ သည± မ¨မ¨တ¨ªÚ သª¬တသနစစ±တမ±°အတ³က± ဖ³င¯±ခ²¶ပရ­¸ပ©° ပ«°¬ပ¦င±°¬ဆ§င±ရ³က±ရ´¨ သည¯± တခªတည±°¬သ§ ကªမ›ဏ©¶ဖစ±¬·က§င±° ဆက±လက± ¬ဖ§±¶ပသည±။ ¬က²§က±မ²က±တ«°¬ဖ§±¬ရ°မ´§ လက±ရ´¨လªပ±က¨ªင±¬နဆ­¶ဖစ±¬·က§င±°၊ သ¨ªÚ¬သ§± သစ±¬တ§¶ပန±လည±ပ²¨Ë°¬ထ§င±¬ရ°Ð´င¯± ¬ခတ±မ©နည±°စနစ± သª®°စ³­¬ရ° ဘက± အ§Ñª®စ¨ªက±¬န¬·က§င±° က¬မž§ဇမ´ ¬¶ပ§¬ရ°ဆ¨ªခ³င¯±ရ´¨ သ«အမ²¨Ë°သမ©°တစ±ဦ°က ¬¶ပ§·က§°သည±။ “က²မတ¨ªÚက¨ª တ«°¬ဖ§±¬ရ° လªပ±ငန±°လªပ±ခ­¯အတ³က± တ§ဝန±ရ´¨တယ±လ¨ªÚ ¬¶ပ§ဆ¨ª¶ခင±°ခ®ရပ¦တယ±” ဟª သ«မက ¬¶ပ§·က§°သည±။ က¬မž§ဇ၏ အင±တ§နက±စ§မ²က±Ð´§တ³င±လည±° “ က½န±¬တ§±တ¨ªÚရ­Ùလªပ±ငန±°အ§°လª®°န­Úပတ±သက±¸ပ©° Шªင±င®တက§စ®ÐÊန±°Ð´င¯± အဆင¯±သတ±မ´တ±ခ²က± အစည±°အ¬ဝ°တက±ဖ¨ªÚ ¬ခµယ«¶ခင±°ခ®ရပ¦တယ±။ က½န±¬တ§±တ¨ªÚမ´§ လ§ဘ±¬ပ°လ§ဘ±ယ«မÊ၊ ဒ¦မ´မဟªတ± ညɨÐØင±°¬·က°¬ပ°တ§မ²¨Ë° လª®°ဝလက±မခ®ဖ¨ªÚ မ«ဝ¦ဒခ²ထ§°ပ¦ တယ±” ဟª ¬ရ°သ§°ထ§°သည±။ ၎င±°¬က²§င±°ဆရ§မ¨သ§°စªသည± က¬မž§ဇဘဏ±လ©မ¨တက±က¨ª ၁၉၉၄ ခªÐ´စ±တ³င± ရ´မ±°¶ပည±နယ±¸မ¨ËÙ¬တ§± ¬တ§င±¹က©°တ³င± ¬င³¬ခ²°လªပ±ငန±°ပª®စ®မ²¨Ë°¶ဖင¯± စတင± တည±¬ထ§င±ခ­¯¸ပ©°၊ KBZ ဆ¨ªသည±မ´§ ရ´မ±°¶ပည±နယ± ဟ«¬သ§ ပ¦ဠ¨စက§°လª®° က¬မž§ဇ က¨ª အတ¨ª¬က§က±¬ခµ¬ဝµ¶ခင±°¶ဖစ±သည±။ ¬အ§င±ကªန±သ³ယ±¬ရ°Ð´င¯±¬က²§က±မ²က±တ«°¬ဖ§±¬ရ°လªပ±ငန±°အတ³င±° တ¨ª°တက±¬¶ပ§င±°လ­ခ­¯¸ပ©° ဘဏ± လªပ±ငန±°က¨ªပ¦ လªပ± က¨ªင±Ð¨ªင±ခ­¯သည±။ အသက± ၅၅ дစ± အရ³ယ±ရ´¨¸ပ©¶ဖစ±သည¯± ဦ°¬အ§င±က¨ªဝင±°သည± သ«Úလªပ±ငန±°က¨ª KBZ ဟªအမည±တပ±¸ပ©°¬န§က± ၁၉၉၀ ¶ပည¯±လ³န±Ð´စ±မ²§°အကªန±ပ¨ªင±°တ³င± ရန±ကªန±သ¨ªÚ မ¨သ§°စª ¬¶ပ§င±°¬ရ¼Ùခ­¯ခ²¨န±ဝယ± ဘဏ±ခ³­¬ပ¦င±° ၄ ခªသ§ရ´¨¬သ°သည±။ ယ¬နÚတ³င± ဘဏ±ခ³­¬ပ¦င±° ၄၈၅ ဘဏ±ရ´¨လ§ခ­¯¸ပ©° ယခªÐ´စ±¬Ð´§င±°ပ¨ªင±°တ³င± ဘဏ±ခ³­ ၅၀၀ အထ¨ KBZ က ¬မÀ§±မ´န±°ထ§°သည±။ ၎င±°မ¨သ§°စªသည± ဘဏ±Ð´င¯±ဆက±သ³ယ±¬ဆ§င±ရ³က±သ«မ²§° ပ²§°ပန±°ခတ±မ²§°¶ပ§°¬နသည¯±ဘဏ± Ѫ®°ခ²Ëပ± အ¬ဆ§က±အဦ အ¬ပµဆª®°ထပ±တ³င± ¬နထ¨ªင±·ကသည±။ “နန±°ကဘဏ±မ´§ပ­ အ¸မ­တမ±° အလªပ±လªပ±ခ²င± ¬နမ¨တ§။ အခª¬တ§¯ က²မတ¨ªÚ ည©မ дစ±¬ယ§က±စလª®° ဒ©လªပ±ငန±°ထ­ ဝင±လªပ±¬ပ°¬န¸ပ©¬လ” ဟª နန±°က ¬¶ပ§
  • 15. 10/11/2017 ြမန်မာ ိင်ငံ၌ ဘ ာေရးလပ်ငန်း ကီး တခ တည်ေဆာက်ေနသည့် KBZ မိသားစ https://burma.irrawaddy.com/article/2017/10/10/144045.html 8/9 ¶ပသည±။ “ဘဏ±လªပ±ငန±°ဆ¨ªတ§ စ¨တ±လÊပ±ရ´§°စရ§ပ¦။ တကယ¯±က¨ª ¬န§က±ဆª®°စည±°တစ±ခªပ¦ပ­။ က²မတ¨ªÚ ဘဏ±မ´§ပ­ ¹က©°¶ပင±°·ကတ§ပ¦။ က¬လ°ဘဝတªန±°က က²မတ¨ªÚ ဘဏ±ထ­မ´§ပ­ ¬န¸ပ©° Customer ¬တ³က¨ª ÐÊတ±ဆက±ခ­¯·ကပ¦တယ±။ အ­ဒ©ကတည±°က တစ¨တ± တပ¨ªင±° ထ¨¬တ³Ùခ­¯ရတယ±¬ပ¦¯” ဟª နန±°က ¶ဖည¯±စ³က± ¬¶ပ§ ·က§°သည±။ ¶မန±မ§Ð¨ªင±င® လ«ကª®တန±အသ¨ªင±°အဝ¨ªင±°မ´ က¬လ°မ²§°က­¯သ¨ªÚပင± နန±°Ð´င¯± မ§လင±°တ¨ªÚက¨ª Шªင±င®ရပ±¶ခ§°သ¨ªÚ ပ¨ªÚလ¼တ±၍ ပည§သင±¬စ သည±။ နန±°သည± စ©°ပ³§°¬ရ°စ©မ® ခနÚ±ခ³­မÊдင¯± အªပ±ခ²Ëပ±¬ရ°ပည§က¨ª စင±က§ပ«အမ²¨Ë°သ§°တက†သ¨ªလ±တ³င± ဆည±°ပ«°ခ­¯ရ¸ပ©° စ©မ®ခနÚ±ခ³­ မÊ မဟ§ဘ³­Ùက¨ª ဆစ±ဒန©တက†သ¨ªလ±တ³င± ဆက±တက±ခ­¯ရသည±။ တဖန± မ§လင±°သည± လန±ဒန±ရ´¨ Imperial College စ©°ပ³§°¬ရ°ပည§¬က²§င±°တ³င± စ³နÚ±ဦ°တ©ထ³င±Ð´င¯± စ©မ®ခနÚ±ခ³­မÊမဟ§ဘ³­Ùမရမ© က§တ§Ð¨ªင±င®ရ´¨ ¬ဂ²§¯ခ²±¬တ§င±° တက†သ¨ªလ±၏ Шªင±င®¶ခ§°ဝန±¬ဆ§င±မÊတ³င± ¬လ°Ð´စ±တက±ခ­¯ရ¬သ°သည±။ (အငယ±ဆª®° ည©မ¶ဖစ± သ« ထ¬ရစ©နန±°မ¨ªဟ³မ±သည± အသက± ၂၁ дစ±သ§ရ´¨¬သ°¸ပ©° ¬ဒ¦က±တ§¶ဖစ±ရန± ¬က²§င±°တက±¬နဆ­¶ဖစ±သည±) ည©မдစ±¬ယ§က±က စ©°ပ³§°¬ရ°လªပ±ငန±°တ³င± မ¨ဘမ²§°၏ အ¶မင±စ«°ရ´မÊအ¬ပµ ထပ±မ®¶မÉင¯±တင±¬ပ°သည±။ KBZ ဒªတ¨ယဥက†Ó¶ဖစ±သ« အသက± ၆၀ အရ³ယ±ရ´¨ မ¨ခင±¹က©°ထ®မ´လည±° ဘÔ§¬ရ°Ð´င¯±ပတ±သက±သမÀ ¬န§က±ဆª®°ဆª®°¶ဖတ± ခ²က±စက§°က¨ª ·က§°ရ¬လ¯ရ´¨သည±။ “¬ဖ¬ဖက အင±မတန±မ´ ¬ခတ±မ©တ§။ သ« က¨ªယ±တ¨ªင± Facebook မသª®°¬ပမယ¯± Facebook အ¬·က§င±° က²မတ¨ªÚထက± ပ¨ªသ¨တယ±” ဟª နန±°က မ´တ±ခ²က±ခ²သည±။ သ«သည± ¶မန±မ§¶ပည±သတင±°¬တ³န­Ú လက±ဖက±ရည±ဆ¨ªင±မ´§ပ­ အခ²¨န±ကªန±ဆª®°¬လ¯ရ´¨¬·က§င±° သ«မက ဆက±လက±¬¶ပ§¶ပသည±။ “သ«ကလ«¬ပ¦င±°စª®န­Ú¬ပ¦င±°¸ပ©° သတင±°စက§°¬တ³ န§°¬ထ§င±¬လ¯ရ´¨တယ±” ဟªဆ¨ªသည±။ အ§မခ®လªပ±ငန±°Ð´င¯± ပတ±သက±¸ပ©° သ«မတ¨ªÚကªမ›ဏ©က ပထမဆª®°စ§ရင±°ဝင±¶ဖစ±ခ­¯သည±။ သ¨ªÚ¬သ§± ¬ရ³°ခ²ယ±စရ§က မ²§°¶ပ§°¸ပ©° KBZ က ကတ±¶ပ§°¬ပ¦င±°မ²§°စ³§ က¨ª က¨ªင±ထ§°သည±။ “က²မတ¨ªÚ¬ဖ¬ဖက မဟ§ဗ²Ìဟ§ခ²မ´တ±သ«ပ¦။ ဘယ±လªပ±ငန±°မ´§မဆ¨ª က²မတ¨ªÚမ´§ အစ©အစαရ´¨¸ပ©°သ§°¶ဖစ±ပ¦တယ±။ က²မတ¨ªÚ ငယ±ငယ±တªန±° က¬တ§င± ¬ဖ¬ဖတ¨ªÚ¬မ¬မတ¨ªÚဆ©မ´§ အစ©အစαတခª ရ´¨ခ­¯တ§ပ¦” ဟª နန±°က ¬¶ပ§¶ပသည±။ (အ¬မရ¨ကန±အ¬¶ခစ¨ªက± စ©°ပ³§°¬ရ° မဂˆဇင±° Forbes ၌ ¬ဖ§±¶ပထ§°သည¯± Ron Gluckman ၏ A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar က¨ª ဘ§သ§¶ပန±ဆ¨ªသည±။) Topics: KBZ ဧရ§ဝတ©
  • 16. 10/11/2017 Who We Are | KBZ Group of Companies http://www.kbzgroup.com.mm/who_we_are.html 1/6 Who We Are Home » Who We Are Home Our Pledge About Us Who We Are Corporate Structure CSR News Report Brighter Future Myanmar Foundation Contact Our Board of Directors for the KBZ Group of Companies is made up of the following members: Aung Ko Win Chairman, KBZ Group of Companies BSc in Chemistry, University of Mandalay Entrepreneur and Founder, KBZ Group of Companies Chairman, Kanbawza Bank
  • 17. 10/11/2017 Who We Are | KBZ Group of Companies http://www.kbzgroup.com.mm/who_we_are.html 2/6 Chairman Emeritus: Myanmar Jades, Gems & Jewelry Entrepreneurs; Republic of The Union of Myanmar Federation of Chambers of Commerce & Industry (UMFCCI); Myanmar Football Federation; Myanmar Anti-Narcotics Association; Border Area Development Association, Myanmar Recipient, State Excellence Award (2013, 2014, 2015) from the President of Myanmar for contributions to Myanmar Recipient, Special Honorary State Excellence Award 2014 and 2015 for the largest contribution to the Myanmar State Tax & Revenue Department and for community donations. Nan Than Htwe Deputy Chairman, KBZ Group of Companies Bachelor of Education, University of Yangon Co-founder and Vice-Chairman, KBZ Group of Companies Vice-Chairman, KBZ Bank Trained as a teacher, Nan Than Htwe has a strong background in maths, and physics
  • 18. 10/11/2017 Who We Are | KBZ Group of Companies http://www.kbzgroup.com.mm/who_we_are.html 3/6 She was recently awarded a rst grade outstanding award for contributions to social activities including education and health. Nang Lang Kham Director, KBZ Group of Companies Nang graduated from National University of Singapore with a Bachelor degree in Business Administration Nang joined the KBZ Group of Companies as an Executive Director Nang’s main role is in the aviation and nancial businesses of the KBZ Group Her responsibilities include the followings: A member of KBZ Aviation Committee that is responsible for vertical integration in aviation industry and communicating with potential partners/ investors; oversees Air Kanbawza (Air KBZ), Sky Wings Catering and Mai Hsoong Travel Director of KBZ Bank; overseeing multiple projects under Retail Banking, Multichannel Banking, Card Business and Marketing Department
  • 19. 10/11/2017 Who We Are | KBZ Group of Companies http://www.kbzgroup.com.mm/who_we_are.html 4/6 Key player in the establishment of KBZ Group Of ce; identifying strengths and weaknesses across the group and initiating transformation Nang strongly believes in philanthropy and corporate social responsibility She is the Co-Founder and Chairman of the Brighter Future Myanmar and is involved in youth development, health and education development and disaster relief in Myanmar She has also introduced a Green Movement program in Air KBZ to create environmental awareness among the local community Nang Kham Noung (Marlene) Director, KBZ Group of Companies Marlene holds a BSFS International Economics degree from Georgetown University’s Edmund A Walsh School of Foreign Service in Qatar, where she was the recipient of a Qatar Foundation/Hamad Bin Khalifa Student Scholarship for the years 2010-2013 Marlene joined the KBZ Group of Companies as an Executive Director and is responsible for Banking, Insurance, Group investments and Group transformation Marlene is a passionate believer in nancial inclusion efforts for all Myanmar and has started a not-for-pro t Micro nance institution under Brighter Future Foundation
  • 20. 10/11/2017 Who We Are | KBZ Group of Companies http://www.kbzgroup.com.mm/who_we_are.html 5/6 Company Pro le The Kanbawza (KBZ) Group of Companies was founded by Aung Ko Win in 1994 and now has more than 80,000 employees. Its core principle is centred on strengthening Myanmar and its people. As it has its roots in a family business, the family’s core values are integrated in the corporate values. It is recognized to be the leading philanthropic organization in Myanmar and has been awarded for its CSR initiatives. Contact Nang Mo Hom Executive Director of KBZ Group Executive Director of KBZ Bank Member of the Brighter Future Myanmar Founder of rural medical clinics and sanitation project Member of Myanmar National Badminton Team Studying medicine at New York University
  • 21. 10/11/2017 Who We Are | KBZ Group of Companies http://www.kbzgroup.com.mm/who_we_are.html 6/6 Senior General Manager International Relations Department Unit 611, Strand Square, No. 53, Corner of Merchant Road and Bo Soon Pat Street, Pabedan Township, Yangon, Myanmar. Tel: (+951) 01-230 7002 Fax: (+951) 01-230 7003 Email: info@kbzgroup.com.mm Developed By Bagan Innovation Technology
  • 22. https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of- entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in- myanmar/#2db16e1c55cb A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar https://burma.irrawaddy.com/article/2017/10/10/144045.html ျ္မန္မမနိုနုငံ၌ ဘမာေ နရိလနုမနန္းႀန၌ီးိ၌ီုနာေ မ္းနာေမာု္န၌KBZ ္နာမနစိ “ာူီနိ႔ဟမ၌ျ္မန္မျလုန္္မ၌ာာေ န္းႀန ိငန္းိ္ုမႀီစနးိလု၌ျ စနလစီပနတ၌ရူ ရူ ာ ုနနာျ္စန္၌ာရိလနာ္းနိုန၌ ္နာေ န္၌လု္နရုနနျ္ုန၌ာမ္္မု ၌စႀနလမန စႀနလမနရ္းနာေီ မပနလပန၌စီမာေီ္္မ၌ာေ ္ ာေ မ္းနလစီပုနနာမနျ U Aung Ko Win – KBZ chairman Kanbawza Group of Companies, one of the country’s largest conglomerates, includes KBZ Bank, which is said to have the country’s largest branch network, with 250 branches. In its 2015 survey on corporate transparency, the Myanmar Centre for Responsible Business ranked the Kanbawza Group 3rd (after Serge Pun and Associates and the Max Myanmar Group of Companies), down from 1st in 2014. The KBZ Group was active in helping with the supply and distribution of aid and relief supplies to flood affected areas in July and August.
  • 23. Aung Ko Win (aka)-Sayar Kyaung Kambawza Bank-http://www.kbzbank.asia/, Myanmar Billion Group,Nila Yoma Co. Ltd, East,Yoma Co. Ltd, Agent for London Cigarettes in Shan and Kayah States, Owner of Kanbawza United Professional Soccer Club,www.kbzfc.com Close to Vice Senior General Maung Aye; One of the few businessmen who get special permits for business ventures in Burma; Owns an 80% share of the country’s national airline,Myanmar Airways International (MAI), since February 2010. “Brothers in corruption: Maldives and Burma” (DVB http://www.dvb.no/analysis/brothers-in-corruption-maldivesand- burma/14568) “Burma’s national airline sold to private bank”, Mizzima,February 4, 2010,http://www.myanmathadin.com/news/business/1093- burmasnational-airline-sold-to-private-bank.html “Tycoon Turf”, The Irrawaddy, September 2005,http://www.irrawaddy.org/article.php?art_id=5010&page=7 “Burma ‘privatises’ its skies”, DVB, February 1, 2011,http://www.dvb.no/news/burma-privatises-its-skies/13995
  • 24. http://www.ide.go.jp/library/English/Publish/Download/Brc/pdf/13 _07.pdf Aung Ko Win-Kanbawza Bank Aung Ko Win is the president of Kanbawza Bank, one of the largest private banks in Burma. He also heads several other successful enterprises, including Myanmar Billion Group Co Ltd, Nilar Yoma Co Ltd, Kanbawza Hospital in Taunggyi and Shwegonedaing Specialist Client in Rangoon. Nilar Yoma Co Ltd operates gold and gem mines in Mong Hsu in Shan State. Aung Ko Win also has a stake in a cement factory in Pimpet in southern Shan State. Aung Ko Win, sometimes known as “Saya kyaung,” once taught the daughter of Vice Snr-Gen Maung Aye and is still believed to be close to the junta’s second most powerful general. His decision to move to Taunggyi in Shan State earlier this year fuelled speculation that Maung Aye’s influence was on the wane. In July, Aung Ko Win and his managing director, Zaw Win Naing, came under investigation for suspected money transfer irregularities.
  • 25. Aung Ko Win is a patron of the national football squad and has donated large sums of money to the team, in addition to contributions of more than $2 million to various public projects. http://www.elevenmyanmar.com/business/microsoft-seals-murky- myanmar-deal Microsoft seals murky Myanmar deal-Submitted by akkyaw on Thu, 11/26/2015 - 18:58 IT giant Microsoft has signed an agreement of cooperation with Myanmar’s notorious Shwe Taung Group. In September, Microsoft also went into a partnership with the Kanbawza Group which has businesses ranging from precious minerals to banking. Greeting the news of the second-largest venture signed by Microsoft in Myanmar, the Financial Times carried the headline: “Microsoft enters minefield of Myanmar business with IT deal.” Both Shwe Taung and Kanbawza have long been under fire domestically and internationally for cronyism with Shwe Taung’s controlling shareholder Aik Htun suspected by the US Treasury of narcotics connections.
  • 26. Likewise, Aung Ko Win, Kanbawza chairman, has faced EU trade sanctions for his connections with the military junta, which were retracted in 2011 when the quasi-civilian government took charge. Both Aik Htun and Aung Ko Win denied the charges. Other American companies like Coca-Cola and Caterpillar have also made murky deals in Myanmar. The Microsoft deal is being seen as the first of many foreign partnerships made in the wake of Aung San Suu Kyi and her National League for Democracy’s landslide victory on November 8. UAung Ko Win & Wife Nan Than htwe –Daughter Nang Lang Kham and Marlene Nang Kham Noung https://www.linkedin.com/in/nanglk
  • 27. Nang Lang Kham https://www.linkedin.com/in/nang-kham-noung- a8b0b084?trk=pub-pbmap Marlene Nang Kham Noung https://www.linkedin.com/in/nang-mo-hom-b04b3a99/
  • 28. Tracy Nang Mo Hom 2nd degree connection2nd Student at New York University National University Hospital New York University Myanmar
  • 29. https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of- entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in- myanmar/#5288906455cb https://wikileaks.org/plusd/cables/08RANGOON896_a.html Kambawza Bank, owned by Aung Ko Win. Aung Ko Win is the owner of several jade and gem mines in Mong Hsu and Phakhant. During a meeting with Aung Ko Win, he told us he remains close to Vice Senior General Maung Aye (who was previously Regional Commander in Taunggyi, where Aung Ko Win resides) and received the mining concessions from Maung Aye (details to be reported septel).
  • 30. Mike DeNoma, Daw Nang Lang Kham, Daw Nang Kham Noung and U Aung Kyaw Myo. (Supplied) https://www.irrawaddy.com/business/kbz-appoints-new-ceo.html KBZ Appoints New CEO By THE IRRAWADDY 11 May 2017 RANGOON — Burma’s largest private bank, KBZ, has hired a banking expert to act as a special advisor to the bank’s chairman U Aung Ko Win. The announcement from KBZ on Thursday said special advisor Mike DeNoma was also appointed chief executive officer of the bank while the KBZ heiresses executive directors Daw Nang Lang Kham and Daw Nang Kham Noung had been promoted to deputy CEOs along with senior managing director U Aung Kyaw Myo. Prior to joining the bank, the American banking expert held senior executive roles across the globe, managing operations across North America, Asia, Africa, Europe and the Middle East with Chinatrust Commercial Bank, Standard Chartered and Citibank. U Aung Ko Win said Mr. DeNoma’s high-level and wide-ranging experience was a strong asset to the bank, combining domestic and international banking expertise with the highest levels of customer service and innovation. “We also particularly value the experience Mr. DeNoma brings from having worked with another family-owned bank, through which he has shown a track record of driving growth and success, while retaining strong family principles,” he said. Mike DeNoma, Daw Nang Lang Kham, Daw Nang Kham Noung and U Aung Kyaw Myo. (Supplied) 10/11/2017 KBZ Appoints New CEO https://www.irrawaddy.com/business/kbz-appoints-new-ceo.html 4/9 Founded in 1994, KBZ is a privately-owned bank and now has nearly 500 branches across the country.
  • 31.
  • 32. 10/11/2017 An image makeover for Myanmar Inc http://www.reuters.com/article/uk-myanmar-cronies-image/an-image-makeover-for-myanmar-inc-idUSLNE83B01G20120412 10/47 Tay Za sings as he celebrates his Yangon United FC winning the Myanmar National League cup at Traders hotel in Yangon October 4, 2011. REUTERS/Stringer Suu Kyi’s spokesman, Nyan Win, declined to comment on her relationship with Zaw Zaw or other well- connected tycoons. GEM-STUDDED RECLUSE While Zaw Zaw reshapes his empire in the hope of forging post-sanctions deals with multinationals, other top cronies seem intertwined with the junta that enriched them. KBZ Group controls two airlines, the country’s largest private bank, and lucrative jade and gem mining concessions. Its chairman is Aung Ko Win, a former schoolteacher whose connections with General Maung Aye, 74, formerly the junta’s second-in-command, first showered him with riches. They also won him a place on the EU sanctions list, along with his wife, Nan Than Htwe, and Nang Lang Kham, one of three daughters being groomed to take over the business. The family are “very shy, very religious, very good-hearted,” says Nyo Myint, a KBZ Group consultant. Aung Ko Win steers clear of the media, although in January the chairman - wearing a trilby hat, Ray Bans and a diamond-studded gold watch - was spotted aboard an Air KBZ flight by Reuters staff on assignment in Myanmar. An attempt to interview him was cut short by the pilot, who emerged from the cockpit to shoo a reporter away.
  • 33. 10/11/2017 An image makeover for Myanmar Inc http://www.reuters.com/article/uk-myanmar-cronies-image/an-image-makeover-for-myanmar-inc-idUSLNE83B01G20120412 11/47 But his daughter Nang Lang Kham and consultant Nyo Myint agreed to meet at KBZ Bank’s headquarters in Yangon. Aung Ko Win is closely associated with the former junta. Photos of him inspecting chunks of jade with retired dictator General Than Shwe adorn the bank’s walls. Aung Ko Win struck it rich at ruby and sapphire mines in the early 1990s in a region of Shan State where Gen. Maung Aye was a commander. “My dad was an entrepreneur,” says Nang Lang Kham. But during a 2008 meeting with U.S. diplomats, Aung Ko Win admitted Maung Aye gave him jade and gem mining concessions, and that he remained close to the general. That intimacy appeared to help his KBZ Bank fend off the rival Co-operative Bank in a 2010 dispute over the ownership of Myanmar International Airways. Ultimately, KBZ Bank secured 80 percent of the airline. Co- operative endured a run by depositors who feared their bank might not survive a conflict with a powerful crony. But influence cuts both ways. The following year, amid rumours of Maung Aye’s ouster, KBZ itself suffered mass withdrawals by “anxious depositors concerned that the star of Aung Ko Win was also on the wane,” wrote economist Sean Turnell, a Myanmar banking expert at Macquarie University in Sydney. KBZ Bank has since become Myanmar’s largest private bank, although the sector remains tainted by allegations of money-laundering and ties to drug traffickers. Myanmar is the world’s second-largest producer of opium after Afghanistan and a leading supplier of methamphetamine. NORTH KOREA REVEALED A dedicated interactive section on the country, its people and the missile program An image makeover for Myanmar Inc Special Report: In Kim Jong Un's summer palace, fun meets guns
  • 34. 10/11/2017 An image makeover for Myanmar Inc http://www.reuters.com/article/uk-myanmar-cronies-image/an-image-makeover-for-myanmar-inc-idUSLNE83B01G20120412 12/47 Slideshow (4 Images) A Financial Action Task Force of U.S. and Japanese officials concluded after a 2006 visit to Myanmar that KBZ Bank was “weak in promoting a culture of AML (anti-money laundering) compliance,” says a U.S. diplomatic cable. KBZ Bank denies those allegations. In a statement, it said it “participates enthusiastically in anti- money laundering activities.” The Task Force also noted that brisk trade in gold, gems and jade “provided ample opportunities for abuse.” Gem and jade remain KBZ Group’s primary cash cow. Every few months, Myanmar holds gem emporiums at which KBZ racks up sales of between $40 million to $50 million, according to a company document seen by Reuters. This figure excludes one-off sales. In 2011, a Chinese buyer snapped up a $44 million chunk of imperial jade. U.S. investment restrictions are unlikely to be lifted soon on gems, timber and some other resource-related industries, even if Washington relaxes sanctions, said a U.S. official in Washington, as they are “regressive sectors” in ethnic minority areas known for human-rights abuses.
  • 35. 10/11/2017 An image makeover for Myanmar Inc http://www.reuters.com/article/uk-myanmar-cronies-image/an-image-makeover-for-myanmar-inc-idUSLNE83B01G20120412 13/47 One part of Aung Ko Win’s empire is struggling. In 2010, he launched a domestic airline called Air KBZ. One of its three aircraft crashed at Thandwe airport in February. No injuries were reported among the 51 passengers, who included foreigners bound for Ngapali, Myanmar’s best-known beach. Air KBZ’s chairman is the tycoon’s daughter, Nang Lang Kham. “I still have a lot to learn from my father,” she says. “We are trying to modernise our banking business and restructure our organisation as well.” CRONIES REBORN? Not every tycoon is a crony. Michael Moe Myint was identified in a 2009 U.S. embassy cable as “one of Burma’s most successful businessmen, and perhaps the most legitimate.” His 23-year-old Myint & Associates is Myanmar’s biggest contract oil and gas services provider, with annual revenues this year of about $12 million. He also runs a $40 million oil and gas exploration and production company. A former commercial pilot, Moe Myint, 59, studied and worked briefly in the United States before returning to Myanmar in 1989 to emulate his late father, a geologist who advised Shell. “You just don’t do it,” he says of cronyism, “though sometimes it is very hard.” In the late 1970s, he planned flights for General Ne Win, whose 1962 coup began Myanmar’s dark years of army rule. He worked closely with a Ne Win protégé, Khin Nyunt, who would become the much-feared chief
  • 36. 10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 1/11 Tag: Aung Ko Win Yameen implicated in STO blackmarket oil trade with Burmese junta, alleges The Week Singaporean police are reportedly investigating former President Maumoon Abdul Gayoom’s half brother Abdulla Yameen for alleged involvement in an international money laundering racket thought to be worth up to US$800 million – if accurate, a staggering 80 percent of the Maldives’ annual GDP. Yameen is an MP and leader of the People’s Alliance (PA) party, which in coalition with the opposition Dhivehi Rayyithunge Party (DRP), of which Gayoom is the ‘honorary leader’, together maintain a parliamentary majority in the Maldives. The allegation is central to an explosive piece in India’s The Week magazine by Sumon K Chakrabarti, Chief National Correspondent of CNN-IBN, who describes Yameen as “the kingpin” of a scheme to buy subsidised oil through the
  • 37. 10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 2/11 State Trading Organisation’s branch in Singapore and sell it on through an entity called ‘Mocom Trading’ to the Burmese military junta, at a black market premium. “The Maldives receives subsidised oil from OPEC nations, thanks to its 100 percent Sunni Muslim population. The Gayooms bought oil, saying it was for the Maldives, and sold it to Myanmar on the international black market. As Myanmar is facing international sanctions, the junta secretly sold the Burmese and ‘Maldivian’ oil to certain Asian countries, including a wannabe superpower,” alleged Chakrabarti, who is writing a book on Gayoom’s administration and the democracy movement that led to its fall. “Sources in the Singapore Police said their investigation has confirmed ‘shipping fraud through the diversion of chartered vessels where oil cargo intended for the Maldives was sold on the black market creating a super profit for many years,’” the report added. Referencing an unnamed Maldivian cabinet Minister, The Week states that: “what is becoming clear is that oil tankers regularly left Singapore for the Maldives, but never arrived here.” The article draws heavily on an investigation report by international accountancy firm Grant Thorton, commissioned by the Maldives government in March 2010, which obtained three hard drives containing financial information detailing transactions from 2002 to 2008. No digital data was available before 2002, and the paper trail “was hazy”. According to The Week, Grant Thorton’s report identifies Myanmar businessman and head of the Kanbawza Bank and Kanbawza Football Club, Aung Ko Win, as the middleman acting between the Maldivian connection and Vice- Senior General Maung Aye, the second highest-ranking member of the Burmese junta – one of the world’s most oppressive regimes, perhaps exceeded only by North Korea. Also allegedly implicated in the Grant Thorton report are Brigader-General Lun Thi, the junta’s Minister of Energy, Aung Thaung, the Burmese Minister of industry, “and his son, Major Pye Aung, who is married to Aye’s daughter, Nander Aye.”
  • 38. 10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 3/11 Minivan News – Archive FIRST FOR INDEPENDENT NEWS IN THE MALDIVES “Another Burmese business couple, Tun Myint Naing (aka ‘Steven Law’) and his wife, were linked to the Gayooms,” alleged The Week. According to a 2000 report on the Golden Triangle Opium trade by Hong Kong-based regional security analysis firm, Asia Pacific Media Services, “in 1996 Steven Law was refused a visa to the USA on suspicion of involvement in narcotics trafficking”, and several companies linked to him were blacklisted because of his suspected involvement in his father’s drug empire. His father, Lo Hsing Han, also known as Law Sit Han, is named in the report as a notorious ‘Golden Triangle’ heroin baron turned businessman, with financial ties to Singapore. He was also responsible responsible for arranging a lavish wedding in 2006 for the daughter of Burmese dictator Than Shwe. “Lo Hsing-han and his family set up the Asia World Company… involved in import-export business, bus transport, housing and hotel construction, a supermarket chain, and Rangoon’s port development,” APMS wrote. According to The Week report, “Yameen was allegedly aided by Ahmed Muneez, former Managing Director of STO Singapore, and by Mohamed Hussain Maniku, former MD, STO. Maniku was MD from 1993 to 2008, and currently serves as the Maldives’ Ambassador to Washington. The operation According to The Week article, the engine of the operation was the Singaporean branch of the government-owned State Trading Organisation (STO), of which Yameen was the board chairman until 2005. Fuel was purchased by STO Singapore from companies including Shell Eastern Petroleum Pvt Ltd, Singapore Petroleum company and Petronas, and sold mostly to the STO (for Maldivian consumption) and Myanmar, “except in 2002, when the bulk of the revenue came from Malaysia.” The “first red flag” appeared in an audit report on the STO by KPMG, one of the four major international auditing firms which took over the STO’s audits in 2004 from Price WaterhouseCoopers.
  • 39. 10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 4/11 The firm noted: “A company incorporated in Singapore by the name of Mocom Trading Pte Ltd in 2004 has not been discluded under Note No. 30 to the Financial Statements. There was no evidence available with regard to approval of the incorporation. Further, we are unable to establish the volume and the nature of the company with the group.” In a subsequent report, KMPG noted: “The name of the company has been struck off on 20th April 2006.” Investigators learned that Mocom Trading was set up in February 2004 as a joint venture between STO Singapore and a Malaysian company called ‘Mocom Corporation Sdn Bhd’, with the purpose of selling oil to Myanmar and an authorised capital of US$1 million. According to The Week, the company had four shareholders: Kamal Bin Rashid, a Burmese national, two Maldivians: Fathimath Ashan and Sana Mansoor, and a Malaysian man named Raja Abdul Rashid Bin Raja Badiozaman. Badiozaman was the Chief of Intelligence for the Malaysian armed forces for seven years and a 34 year veteran of the military, prior to his retirement in 1995 at the rank of Lieutenant General. As well as the four shareholders, former Managing Director of STO Singapore Ahmed Muneez served as director. The Week reported that Muneez informed investigators that Mocom Corportation was one of four companies with a tender to sell oil to the Burmese junta, alongside Daewoo, Petrocom Energy and Hyandai. Under the contract, wrote The Week, “STO Singapore was to supply Mocom Trading with diesel. But since Mocom Corporation held the original contact, the company was entitled to commission of nearly 40 percent of the profits.” That commission was to be deposited in an United Overseas Bank account in Singapore, “a US dollar account held solely by Rashid. So, the books would show that the commission was being paid to Mocom, but Rashid would pocket it.” In a second example cited by The Week, investigators discovered that “STO Singapore and Mocom Trading duplicated sales invoices to Myanmar. The invoices showed the number of barrels delivered and the unit price.
  • 40. 10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 5/11 Gayoom's half-brother and PA leader Abdulla Yameen Both sets of invoices were identical, except for the price per barrel. The unit price on the STO Singapore invoices was US$5 more than the unit price of the Mocom Trading invoice. This was done to confuse auditors.” As a result, “the sum total of all Mocom Trading invoices to Myanmar Petrochemical Enterprises was US$45,751,423, while the sum total of the invoices raised by STO Singapore was US$51,423,523 – a difference of US$5,672,100.” Furthermore, “investigators found instances where bills of lading (indicating receipt of consignment) were unsigned by the ship’s master.” Money from the Maldives Despite his officially stepping down from the STO in 2005, The Week referenced the report as saying that debit notes in Singapore “show payments made on account of Yameen in 2007 and 2008.” Citing the report directly, The Week wrote: “The debit notes were created as a result of receiving funds from Mr Yameen deposited at the STO head office, which were then transferred to STO Singapore’s bank accounts. This corresponded with a document received from STO head office confirming the payments were deposited by Yameen into STO’s bank accounts via cheque. The Week claimed that Yameen was aided by Muneez on the STO Singapore side, and by Mohamed Hussain Maniku, former STO managing director, on the Maldivian end until 2008. “In conversation with Mr Muneez, this was to provide monies for the living expenses of his [Yameen’s] son and daughter, both studying in Singapore. Their living expenses were distributed by Mr Muneez,” the Grant Thorton report stated, according to The Week. In an interview with Minivan News, Yameen confirmed that he had used the STO’s accounts to send money to his children in Singapore, “and I have all the receipts.”
  • 41. 10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 6/11 He described the then STO head in Singapore as “a personal friend”, and said “I always paid the STO in advance. It was a legitimate way of avoiding foreign exchange [fees]. The STO was not lending me money.” He denied sending money following his departure from the organisation: “After I left, I did not do it. In fact I did not do it 3 to4 years before leaving the STO. I used telegraphic transfer.” Yameen described the wider allegations contained in The Week article as “absolute rubbish”, and denied being under investigation by the Singaporean police saying that he had friends in Singapore who would have informed him if that were the case. The article, he said, was part of a smear campaign orchestrated by current President of the Maldives Mohamed Nasheed, a freelance writer and the dismissed Auditor General “now in London”, who he claimed had hired the audit team – “they spent two weeks in the STO in Singapore conducting an investigation.” Yameen said he did not have a hand in any of the STO’s operations in Singapore, and that if Muneez was managing director at the time of any alleged wrong-doing, “any allegations should carry his name.” He denied any knowledge or affiliation with Steven Law or Lo Hsing Han, and said that as for Mocom Trading, “if that company is registered, Maniku would know about it.” Asked to confirm whether the STO Singapore had been supplying fuel to Myanmar during his time as chair of the board, “it could have been – Myanmar, Vietnam, the STO is an entrepreneurial trade organisation. It trades [commodities like] oil, cement, sugar, rice to places in need. It’s perfectly legitimate. “ Asked whether it was appropriate to trade goods to a country ostracised by the international community, Yameen observed that the trading had “nothing to do with the moral high-ground, at least at that time. Even even now the STO buys from one country and sells to those in need.” Asked why the President would hire a freelance writer to smear his reputation after the local council elections, “that’s because Nasheed would like to hold me in captivity.”
  • 42. 10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 7/11 The only way Nasheed could exert political control, Yameen claimed, “was to resort to this kind of political blackmail”. “Unfortunately he has not been able to do that with me. I was a perfectly clean minister while in Gayoom’s cabinet. They have nothing on me.” Last time around No love is lost between Yameen and the present Maldivian administration, which detained him and Jumhoree Party (JP) leader Gasim Ibrahim in early July 2010 on accusations of bribery and, according to the police charge sheet, “attempting to topple the government illegally.” President Nasheed’s cabinet had resigned en masse the week prior, in protest against what they claimed were the “scorched earth politics” of the opposition-majority parliament, leaving only President Mohamed Nasheed and Vice President Mohamed Waheed Hassan in charge of the country. The move circumvented regulations blocking the arrest of MPs while no-confidence motions were pending against sitting ministers. Several days later, audio recordings of conversations between several MPs, including Yameen and Gasim, were leaked to the media. The recordings carried implications of vote-buying within parliament, suggestions of collaboration with the officials in the Anti-Corruption Commission (ACC), and details of a plan to derail the progress of a taxation bill. Yameen defended the conversation at the time as “not to borrow money to bribe MPs… [rather] As friends, we might help each other.” The issue quickly became one of invasion of privacy, and the Human Rights Commission of the Maldives (HRCM) issued a statement to that effect. Unable to get an arrest warrant extension for the pair through the Maldivian courts, the government quickly found itself facing international criticism and diplomatic urging to “stick to the rule of law”, after Yameen was detained by
  • 43. 10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 8/11 the military on the Presidential Retreat of Aarah purportedly “for his own protection.” While in custody, Yameen told local media he did not wish to be detained in ‘protective’ custody. The military refused to present him before the court on a court order, raising more international eyebrows. Later in July, the President’s Press Secretary Mohamed Zuhair told Minivan News that the government had felt obliged to take action after six MDP MPs came forward with statements alleging Yameen and Gasim had attempted to bribe them to vote against the government. The opposition PA-DRP coalition already has a small voting majority, with the addition of supportive independent MPs. However, certain votes require a two-thirds majority of the 77 member chamber – such as a no-confidence motion to impeach the president. Zuhair told Minivan News at the time that given the severity of the allegations against them, neither could be considered prisoners of conscience. “I cannot describe these people as political leaders – they are accused of high crimes and plots against the state,” Zuhair said. “These MPs are two individuals of high net worth – tycoons with vested interests,” he explained. “In pursuing their business interests they became enormously rich during the previous regime, and now they are trying to use their ill-gotten gains to bribe members in the Majlis [parliament] and judiciary to keep themselves in power and above the fray.” “They were up to all sorts of dark and evil schemes,” Zuhair alleged. “There were plans afoot to topple the government illegally before the interim period was over.” Yameen was also one of many former and serving Ministers on an audit hit-list issued by Auditor General Ibrahim Naeem, prior to his dismissal on March 29, 2010.
  • 44. 10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 9/11 Naeem, who was appointed by former President Gayoom, had produced a damning report detailing the previous government’s spending habits. These, according to an article on the report published in the New York Times, included an estimated “US$9.5 million spent buying and delivering a luxury yacht from Germany for the president, $17 million on renovations of the presidential palace and family houses,a saltwater swimming pool, badminton court, gymnasium, 11 speed boats and 55 cars, including the country’s only Mercedes-Benz.” “And the list goes on, from Loro Piana suits and trousers to watches and hefty bills for medical services in Singapore for ‘important people and their families. There was a US$70,000 trip to Dubai by the first lady in 2007, a US$20,000 bill for a member of the family of the former president to stay a week at the Grand Hyatt in Singapore. On one occasion, diapers were sent to the islands by airfreight from Britain for Mr Gayoom’s grandson,” wrote the NYT, citing Naeem’s report. The Maldives government had “begun the paper chase”, the NYT report claimed, “but it lacks the resources to unravel a complex trail that it assumes runs through the British Channel Islands, Singapore and Malaysia.” On March 24, Naeem sent a list of current and former government ministers to the Prosecutor General, requesting they be prosecuted for failure to declare their assets, citing Article 138 of the Constitution requiring every member of the Cabinet to “annually submit to the Auditor General a statement of all property and monies owned by him, business interests and all assets and liabilities.” He then held a press conference: “A lot of the government’s money was taken through corrupt [means] and saved in the banks of England, Switzerland, Singapore and Malaysia,” Naeem said, during his first press appearance in eight months. Five days later he was dismissed by the opposition-majority parliament on allegations of corruption by the Anti- Corruption Commission (ACC), for purportedly using the government’s money to buy a tie and visit Thulhaidhu in Baa Atoll. The motion to dismiss Naeem was put forward by the parliamentary finance committee, chaired by Deputy Speaker and member of Yameen’s PA party Ahmed Nazim, who the previous week had pleaded not guilty to ACC charges of conspiracy to defraud the former ministry of atolls development while he was Managing Director of Namira Engineering and Trading Pvt Ltd.
  • 45. 10/11/2017 Aung Ko Win – Minivan News – Archive https://minivannewsarchive.com/tag/aung-ko-win 10/11 Proudly powered by WordPress The parliament has yet to approve a replacement auditor general. Representatives of the former government have steadfastly denied the existence of stolen funds. Gayoom’s assistant and former chief government spokesperson Mohamed Hussain ‘Mundhu’ Shareef told Minivan News in December 2009 that ”there is no evidence to link Gayoom to corruption”, and urged accusers “to show us the evidence.” “If you have the details make them public, instead of repeating allegations,” he said at the time. “[Gayoom] has said, ‘go ahead and take a look, and if you find anything make it public.’” Shareef had not responded to Minivan News at the time of going to press. Online link to The Week article Download The Week article (~25mb) Download leaked Grant-Thorton Draft Report February 12, 2011 JJ Robinson Politics, Society & Culture Aung Ko Win, Aung Thaung, burma, corruption, gayoom, Golden Triangle, Grant Thorton, junta, Law Sit Han, Lun Thi, maldives, maldives news, myanmar, people's alliance, Pye Aung, state trading organisation, Steven Law, STO, the week, Tun Myint Naing, yameen 128 Comments Likes (0) Dislikes (0)     
  • 46. 10/11/2017 Aung Ko Win - Wikipedia https://en.wikipedia.org/wiki/Aung_Ko_Win 1/2 Aung Ko Win Native name အောင် ကိုဝင် း Born Burma Nationality Burmese Other names Saya Kyaung Occupation Businessman Spouse(s) Nang Than Htwe Children Nang Lang Kham Nang Kham Noung Nang Mo Hom Relatives Zaw Win Naing (nephew) Aung Ko Win Aung Ko Win (Burmese: အောင်ကိုဝင်း; also known as Saya Kyaung) is a Burmese businessman and former schoolteacher. He owns Kanbawza Group of Companies (KBZ), including Kanbawza Bank, Myanmar Billion Group, Nilayoma Co. Limited, East Yoma Co. Limited and agent for London Cigarettes in Shan and Kayah States, and Kanbawza FC.[1] He is married to Nang Than Htwe,[2] the niece of Win Myint, a former State Peace and Development Council official.[1] He has 3 daughters, Nang Lang Kham (b. 1988), Nang Kham Noung (b. 1991), and Nang Mo Hom (b. 1996).[2][3] His wife serves as Deputy Chairman of KBZ, while his three daughters serve as directors within the company.[4] He has close connections to General Maung Aye, the second in command of the former military junta, the State Peace and Development Council (SPDC)[1] While Maung Aye was a commander in jade-mining region of Shan State, Maung Aye offered Aung Ko Win jade and gem mining concessions.[5] References 1. Aung Min; Toshihiro Kudo (2014). "Business Conglomerates in the Context of Myanmar's Economic Reform" (http://www.ide.go.jp/English/Publish/Download/Brc/pdf/13_07.pdf) (PDF). Myanmar'sIntegration with Global Economy: Outlook and Opportunities. Bangkok Research Report. Retrieved 11 July 2015. 2. "Commission Regulation (EU) No 411/2010 of 10 May 2010 amending Council Regulation (EC) No 194/2008 renewing and strengthening the restrictive measures in respect of Burma/Myanmar" (http://eur -lex.europa.eu/legal-content/EN/ALL/?uri=uriserv:OJ.L_.2010.118.01.0010.01.ENG). Official Journal of theEuropean Union. European Commission. 10 May 2010. Retrieved 15 July 2015.
  • 47. 10/11/2017 Aung Ko Win - Wikipedia https://en.wikipedia.org/wiki/Aung_Ko_Win 2/2 3. "Banking (Foreign Exchange) Regulations 1959 - Direction Relating to Foreign Currency Transactions and to Burma (18/10/2007)" (https://www.comlaw.gov.au/Details/F2007L04115). Commonwealth of Australia. 18 Oct 2007. Retrieved 15 July 2015. 4. "Our Board of Directors" (https://web.archive.org/web/20150716080757/http://www.kbzgroup.com.mm/ who_we_are). KBZ Group. Archived from the original (http://www.kbzgroup.com.mm/who_we_are) on 16 July 2015. Retrieved 15 July 2015. 5. Szep, Jason (13 April 2012). "Special Report: An image makeover for Myanmar Inc" (https://www.reuters. com/article/2012/04/13/us-myanmar-cronies-image-idUSBRE83B0YU20120413). Reuters. Retrieved 15 July 2015. Retrieved from "https://en.wikipedia.org/w/index.php?title=Aung_Ko_Win&oldid=802458313" This page was last edited on 26 September 2017, at 07:47. Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization.
  • 48. leasing a rice mill and engaging in the agricultural sector. Later, the company profited from the teak extraction and timber business and enjoyed close ties with the top ruling junta. Over the next decade, the Htoo Group morphed into a conglomerate with several new business ventures. In 2004 it launched Air Bagan, the first private airline in Myanmar. It also rolled out branded luxury hotels and began leasing heavy machinery. Of the 14 subsidiaries, the Htoo Group's well-known companies and firms include AGD Bank, Air Bagan, Elite-Tech Co., Ayer Shwe Wah, Aureum Palace Hotels and Resorts, Htoo Trading, and Htoo Wood Products Ltd. etc. The group owns 17 hotels across Myanmar. The annual income of the Htoo Group of Companies is USD 500 million according to U Tay Za and according to a Forbes article, thus making the Htoo Group of Companies Myanmar's largest conglomerate. Future projects will concentrate in the trading, tourism, construction/real-estate development, and airline sectors. U Tay Za has recently started to rebrand himself as a good ethical business tycoon and has been trying to shed off his image of being regarded as Myanmar's “top crony”. Several subsidiaries of the Htoo Group of Companies, together with U Tay Za and his family members, are still on the sanctions list of the US Department of the Treasury citing U Tay Za and the Htoo Group as being actively involved in the arms trade business during the former military regime. Recently, the group has moved and diversified into an insurance business, become a private fuel pumping station operator, and is involved in tourism and hotels etc. The group was granted one of the earliest licenses to import fuel directly as part of the SPDC's efforts to privatize the fuel industry. The Htoo Group of Companies has recently acquired a development project near downtown Yangon to construct a number of properties including a four-star hotel, an apartment complex, shop houses, and a shopping mall, on a 21.9 acre site. Air Bagan, with 12 aircraft, is one of the best performing local airlines in Myanmar, but has branding perception problems by Myanmar’s public. As a result, Htoo has launched another new airline known as Asian Wings Airways with 4 aircraft. Htoo owns two airbus aircraft for domestic and overseas routes (Chaing Mai and Buddha Gaya). All Nippon Airways announced in 2013 that it would purchase a 49% stake in Asian Wings Airways for around 3 billion Japanese yen, the first foreign investment in a Myanmar-based airline since democratization. The Htoo Group's main strategic focus is on the trading, construction and real estate, airlines, banking, and tourism sectors. 3.2 The Kanbawza Group of Companies The Kanbawza Group is also a well-known local conglomerate. U Aung Ko Win, also known as Saya Kyaung, is Chairman of the Kanbawza Group. He was a school teacher 144
  • 49. who rose to wealth via strong connections with Gen. Maung Aye, former Vice chairman of the State Peace and Development Council (SPDC). U Aung Ko Win started in business with support from the military leaders during the 1990s, when he struck it rich by gaining access to rich sapphire and ruby mines. His ties with the top ruling junta were strengthened by his marriage to Daw Nan Than Htwe, the niece of former Secretary 3 of the junta, Lt. Gen. Win Myint. He is also engaged in the agriculture business and served as the President of the Myanmar Billion Group, Nilayoma Co., Ltd., East Yoma Co., Ltd., and the Kanbawza Hospital in Taunggyi, Shan State. He is also the agent for London Cigarettes for the Shan and Kayah States. The Kanbawza Group was chosen for the Best Corporate Governance award for 2013 by the World Finance Magazine, which is the first time in the history of Myanmar’s companies. The group includes various businesses such as construction, garments, insurance, banking, oil, communications, cement, aviation, and mining. There are altogether 11 subsidiaries and the major subsidiaries of the KBZ Group include Air KBZ, Myanmar Airways International, the Kanbawza Bank, and IKBZ insurance. The Kanbawza Bank, which is the flagship subsidiary of the Kanbawza Group, is the number one income tax payer for 2012-2013. U Min Htut, Director-General of the Ministry of Finance and Revenue, said the Kanbawza Bank earned over 10 billion Kyat (US$10 million) last fiscal year with tax levied at 25 percent on net profits (DVB, 2013). U Aung Ko Win's Kanbawza Group's main business segment is undoubtedly banking and finance. He founded the Kanbawza Bank Limited (KBZ Bank), now the largest private bank with over 130 branches in Myanmar. It was also one of the first private commercial banks in Myanmar founded in Taunggyi, Shan State. At that time, it was one of five major private commercial banks in Myanmar (Myanmar Universal Bank, Yoma Bank, Myanmar May Flower Bank, and the Asia Wealth Bank are the others). It won the “Best Commercial Bank in Myanmar” and “Best Banking Group in Myanmar” awards for 2013. The Kanbawza Bank declared US$10 million in total net profits in 2012-2013 (DVB, 2013). Moving to the airline industry, on 1 April 2011, the bank launched Air KBZ, one of the four privately owned domestic airlines in Myanmar, with plans to expand to international flights in the near future. Air KBZ has a fleet six of 6 aircraft with 1 on order, and flies to 14 destinations locally. The Kanbawza Group also holds stakes in another airlines, MAI. In 2010, the then government of Myanmar sold an 80% stake in MAI to Kanbawza Bank Ltd. and 20% is retained by the state-owned domestic carrier, Myanmar Airways. It has currently a fleet size of 7 aircraft flying to 12 destinations locally and abroad. Kanbawza also has fuel pumping stations operating across major 145
  • 50. cities in Myanmar. The Kanbawza Group also owns IKBZ Insurance Co. Ltd. The Kanbawza Group's main strategic focus is in the banking, finance, and airline sectors. 3.3 The Max Myanmar Group of Companies The Max Myanmar Group was first founded in the early 1990s by U Zaw Zaw. U Zaw Zaw is one of the well-known Myanmar business tycoons/cronies in the country and Chairman of the Max Myanmar Group of Companies, a major conglomerate with interests in the timber, gems, construction, mechanical engineering, transportation, hotel and tourism, rubber plantations, and banking industries. He also serves as the Chairman of the Myanmar Football Federation. He is also an AFC Exco Member and the Chairman of AFC Organizing Committee for Youth Competition. The Max Myanmar Group of Companies was originally established as Max Myanmar Co., Ltd. in 1993 and now, the company has expanded into a conglomerate with 9 subsidiary firms. It started operation by importing buses from Japan, simultaneously with the import of generators and earth-moving equipment and machinery. Through an aggressive growth strategy, the company expanded steadily and diversified into other business sectors and industries. In 2010, the ruling junta oversaw a rush of privatizations before handing power to a nominally civilian government. Max Myanmar acquired 12 gas stations, part of the land for the coming Novotel hotel, and a banking license for the Ayeyawaddy Bank, putting U Zaw Zaw in good position to capitalize on the ensuing opening of Myanmar's economy. Recently, U Zaw Zaw, without success, tried to bypass US sanctions by involvement in a process known as a reverse takeover of a Singapore company called the Aussino Group Ltd. The process, known as a reverse takeover or reverse merger, in which a private company (Max Group of Companies) merges with a publicly traded shell (Aussino Group Ltd. of Singapore) to gain access to capital markets. Aussino would buy U Zaw Zaw's Max Strategic Investments Pte. Ltd.—a holding company set up to run the conglomerate's gas-station operations—by issuing 70 million Singapore dollars, or roughly US$55 million in new shares to the Max Myanmar Group of Companies. Eventually, this plan was rejected by the Singapore Stock Exchange. Max Myanmar Co., Ltd. is principally engaged in the business of trading, mainly in the supply of private and commercial vehicles and heavy machinery. The company is the sole distributor in Myanmar for the Japanese brand of “Airman” generators. In the construction sector, the company is participating in the Yangon Nay Pyi Taw Expressway construction project and the government’s ministry buildings in Nay Pyi Taw. Max was awarded almost all the construction projects for the stadia and gymnasiums for the 2013 South East Asia Games. In hotel and tourism, the group has a 146
  • 51. 10/11/2017 Home - KBZ Bank https://www.kbzbank.com/en/ 1/6 Personal (https://www.kbzbank.com/en) Business (https://www.kbzbank.com/en/other- services-business/escrow-account/) (https://www.kbzbank.com/en) PERSONAL (HTTPS://WWW.KBZBANK.COM/EN) BUSINESS (HTTPS://WWW.KBZBANK.COM/EN/OTHER- SERVICES- BUSINESS/ESCROW- ACCOUNT/) EXCHANGE RATES     10/10/2017 USD BUY 1349 SELL 1350 SGD BUY 991 SELL 998 EUR BUY 1584 SELL 1589 THB BUY 39 SELL 40.5 (https://www.kbzbank.com/en) Get Info CONTACT & SUPPORT (HTTPS://WWW.KBZBANK.COM/EN/CONTACT- US/) FIND A BRANCH (HTTPS://WWW.KBZBANK.COM/EN/WAYS- TO- BANK/BRANCH/) ONLINE BANKING (HTTPS://IBANKING.KBZBANK.COM/B001/LOGIN.JSP)                 Search …
  • 52. 10/11/2017 Home - KBZ Bank https://www.kbzbank.com/en/ 2/6 Accounts  Loans  Card  Remittance  Other Services  Ways to Bank  About Us  Accounts  Loans  Cards  Remittance  More 
  • 53. 10/11/2017 Home - KBZ Bank https://www.kbzbank.com/en/ 3/6 Invest in their future 8.25% interest with a KBZ savings accounts Find out how much KBZ could help you save for the future Find out more » (https://www.kbzbank.com/en/accounts/saving- deposit-account/)
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  • 55. 10/11/2017 Home - KBZ Bank https://www.kbzbank.com/en/ 5/6 (https://www.kbzbank.com/en/kbz-bank-yoma-bank-take-leap-forward-first-historic-repurchase-agreement-repo-myanmar/) NEWS | KBZ Bank and Yoma Bank take a leap forward with the first historic repurchase agreement (Repo) in Myanmar (https://www.kbzbank.com/en/kbz-bank-yoma-bank-take-leap-forward-first-historic- repurchase-agreement-repo-myanmar/) A repurchase agreement (repo) is a form of short-term borrowing for a dealer in government Get More Detail » (https://www.kbzbank.com/en/kbz-bank-yoma-bank-take-leap-forward-first-historic-repurchase-agreement-repo-myanmar/)
  • 56. 10/11/2017 Home - KBZ Bank https://www.kbzbank.com/en/ 6/6 (https://www.kbzbank.com/en/myanmars-largest-privately-owned-bank-kbz-bank-appointsmikedenoma-special-advisor-chairman-ceo/) NEWS | Myanmar’s largest privately-owned bank, KBZ Bank, appoints Mike DeNoma as Special Advisor to the Chairman (https://www.kbzbank.com/en/myanmars-largest-privately-owned-bank-kbz-bank- appointsmikedenoma-special-advisor-chairman-ceo/) Mr. DeNoma to be supported by newly appointed Deputy CEOs of KBZ Bank Aung Kyaw Myo, Nang Lang
  • 57. 10/11/2017 Kanbawza Bank - Wikipedia https://en.wikipedia.org/wiki/Kanbawza_Bank 1/2 Kanbawza Bank Type Private Industry Banking Founded 1994 Headquarters Yangon, Myanmar Key people Aung Ko Win (Chairman) Products Financial Services Number of employees Over 18,000 Kanbawza Bank Kanbawza Bank (Burmese: ကမ္ဘောဇဘဏ် ; abbreviated as KBZ Bank) is a private commercial bank in Myanmar. The bank was established on 1 July 1994 in Taunggyi, Shan State. KBZ bank is part of the KBZ Group conglomerate (founded by Aung Ko Win aka Saya Kyaung). In February 2010, the bank bought an 80% share in Myanmar Airways International, Myanmar's international airline.[1] On 1 April 2011, the bank launched Air KBZ, one of four privately owned domestic airlines in Myanmar, with plans to expand to international flights in the near future.[2] References 1. Moe, Wai (2010-02-03). "Western-sanctioned Kanbawza Bank Buys Airline" (htt p://www.irrawaddy.org/article.php?art_id=17734). The Irrawaddy. Retrieved 2010-09-14. 2. Zaw Win Than (28 March 2011). "Kanbawza to launch domestic airline on April 1" (http://www.mmtimes.com/2011/news/568/news56805.html). MyanmarTimes. Retrieved 25 March 2012. External links Kanbawza Bank Limited (KBZ) (http://www.kbzbank.com) Official site Retrieved from "https://en.wikipedia.org/w/index.php? title=Kanbawza_Bank&oldid=802615307"
  • 58. 10/11/2017 Kanbawza Bank - Wikipedia https://en.wikipedia.org/wiki/Kanbawza_Bank 2/2 Website www .kbzbank .com (http:// www.kbzban k.com) This page was last edited on 27 September 2017, at 09:32. Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization.
  • 59. 10/11/2017 KBZ responds to Global Witness report | The Myanmar Times https://www.mmtimes.com/business/17288-kbz-responds-to-global-witness-report.html 3/11 1. Home 2. » Business 3. » KBZ responds to Global Witness report KBZ responds to Global Witness report KBZ responds to Global Witness report Aye Thidar Kyaw 30 Oct 2015
  • 60. 10/11/2017 KBZ responds to Global Witness report | The Myanmar Times https://www.mmtimes.com/business/17288-kbz-responds-to-global-witness-report.html 4/11 Kanbawza Group started out in the jade industry and has since grown to become a conglomerate, with a number of businesses including the country’s largest bank by deposits.(Kaung Htet/The Myanmar Times) KBZ responds to Global Witness report In light of a report published last week on Myanmar’s jade trade, officials from Kanbawza (KBZ) Group say their reputation is unlikely to be tarnished. The research, by non-profit Global Witness, claims that the illicit jade industry was worth up to US$31 billion last year alone, and is controlled by networks of military officials and politically influential business tycoons, while local people face unabating conflict and poverty.
  • 61. 10/11/2017 KBZ responds to Global Witness report | The Myanmar Times https://www.mmtimes.com/business/17288-kbz-responds-to-global-witness-report.html 5/11 It claims KBZ chair U Aung Ko Win has close ties with the Ever Winner network of companies, one of the biggest players in the industry with a total of 12 mining firms. Senior managing director U Nyo Myint of KBZ Group told The Myanmar Times that jade mining is the company’s first business and a “prime and legal source of income for the other businesses in the conglomerate”. “This is not a secret, since from the beginning we publicised where our business comes from,” he said, adding that the company has tried its best to comply with international standards of transparency, including cooperating with the Extractive Industries Transparency Initiative and paying regular taxes. Global Witness met with KBZ during its year-long investigation into the sector, and was satisfied with the company’s cooperation, he said. “We regard the report as being for the good of the country. KBZ will continue to collaborate with Global Witness to upgrade the standard of the mining industry in Myanmar,” he added. All of KBZ’s jade and gem products are sold through emporiums organised by the government, he said, adding that the company pays tax on every sale. Senior managing director U Than Cho of KBZ Bank confirmed that the company’s roots are in the jade trade. It has since grown into a conglomerate with interests in insurance, agriculture, aviation, real estate and trade. Its bank has become the largest domestic private bank with the most branches in the country, he said. According to U Nyo Myint, nearly 40 percent of nationwide deposits are held in KBZ Bank. Global Witness points out in its report that KBZ’s bank is now around three times larger than its nearest private sector rival. “What is it doing that its competitors are not? Does jade provide part of the answer and, if so, where and whom is it coming from,” it said. The company has won a range of awards both internationally and in Myanmar, topping the Ministry of Finance’s list of top taxpayers as well as a survey of leading Myanmar companies’ transparency levels by the Myanmar Centre for Responsible Business, said Global Witness. “While the company’s commitment to greater transparency is laudable, its relationship with the jade business remains opaque,” it said. A government senior official told local media that officials have no plan to investigate the findings of the report. However, a Central Bank of Myanmar official said authorities will closely monitor the impact of the report on confidence in KBZ Bank, as it is the largest bank by deposits
  • 62. 10/11/2017 Top Myanmar Bank May Sell Stake to Foreign Firm, If Law Allows - Bloomberg https://www.bloomberg.com/news/articles/2017-03-12/top-myanmar-bank-may-sell-stake-to-foreign-firm-if-law-allows 1/3 ➞ ➞ Bank needs capital in order to expand in under-banked country Myanmar considers changes to law allowing foreign ownership Myanmar’s largest privately-owned bank by assets says it’s willing to sell a stake to a foreign lender, pending a change in the country’s law, as it gears up to expand its operations in one of Asia’s most under-banked nations. “In any emerging market, capital is important,” said Nang Kham Noung, an executive director of KBZ Bank <https://www.bloomberg.com/quote/1044892D:MY> . “For us, we are open to foreign partnership. However that’s subject to the central bank and the regulation,” she said in an interview last week in Yangon. Myanmar is considering changes to the companies law that would allow foreign investors to acquire stakes of up to 35 percent in local firms, a government official said <https://www.bloomberg.com/news/articles/2017-02-14/suu-kyi-pushes-for-myanmar-investment-as- rohingya-crisis-deepens> last month. Existing laws don’t allow foreign investors to hold stakes in local banks, according to KBZ Bank. Like many companies in Myanmar, the bank needs foreign capital to keep pace with rising demand in Myanmar’s rapidly expanding economy, which grew by 8.1 percent last year. By March 13, 2017, 4:00 AM GMT+7 TopMyanmarBankMaySellStaketoForeignFirm,IfLawAllows ChanyapornChanjaroen
  • 63. 10/11/2017 Top Myanmar Bank May Sell Stake to Foreign Firm, If Law Allows - Bloomberg https://www.bloomberg.com/news/articles/2017-03-12/top-myanmar-bank-may-sell-stake-to-foreign-firm-if-law-allows 2/3 KBZ Bank, founded in 1994, aims to more than double the number of its branches to 1,000 by 2020, as well as grow mobile financial services to reach people in rural areas, Nang Kham Noung said. It may consider an initial public offering, she said. Myanmar’s banking system is “immature” and regulation remains rudimentary, said Nam Soon Liew, managing partner for ASEAN financial services at the consultancy EY in Singapore. “Myanmar banks need to make sure that their businesses, operations and risk management are more robust, that they have stronger balance sheets, stronger management control, product platforms and accounting systems," he added. About 77 percent of the population has no access to banking, according to consultancy Roland Berger. GroupInterests KBZ Bank is part of the KBZ Group, which was founded by Nang Kham Noung’s father Aung Ko Win. The business empire includes gems and jade mining and trading, aviation, insurance and construction, according to the group’s website <http://www.kbzgroup.com.mm/who_we_are.html> . Aung Ko Win, his wife and three daughters sit on the group’s board, the website shows. Unlike several other local companies, KBZ wasn’t subject to international sanctions under the former military government, the bank said. “We are working towards international standards in corporate governance” and plan to include more independent directors on KBZ Bank’s board, Nang Kham Noung said. She declined to give details of the current composition of the board.
  • 64. 10/11/2017 Top Myanmar Bank May Sell Stake to Foreign Firm, If Law Allows - Bloomberg https://www.bloomberg.com/news/articles/2017-03-12/top-myanmar-bank-may-sell-stake-to-foreign-firm-if-law-allows 3/3 Terms of Service Trademarks Privacy Policy ©2017 Bloomberg L.P. All Rights Reserved Careers Made in NYC Advertise Ad Choices Website Feedback Help KBZ Bank’s assets grew at a compound annual rate of 44 percent between 2012 and 2016, and now stand at $8 billion, according to the bank. It has 17,889 employees. The bank is recruiting more staff, targeting Myanmar nationals who have lived abroad as well as foreigners, Nang Kham Noung said.
  • 65. 10/11/2017 KBZ Bank | LinkedIn https://www.linkedin.com/company/kbz-bank 1/3 KBZ Bank Banking 10,001+ employees See jobs4,150 followers Follow Home KBZ Bank employees Keep up with KBZ Bank Stay up to date with company news Discover new job opportunities See how you're connected to employees Join LinkedIn to get the latest news, insights, and opportunities from over 3 million companies. It's free! Join LinkedIn     Website http://www.kbzbank.com Industry Banking Type Privately Held Headquarters Company Size Founded KBZ Bank, established in 1994, is the largest privately owned bank in Myanmar and the first to have expanded internationally, with representative offices in Singapore, Thailand and Malaysia. With 18,000 staff, more than 480 branches nationwide and 40% market share of both retail and commercial banking, KBZ is leading the way for Myanmar’s rapidly developing financial services industry through an approach that understands the unique context of the country’s economy as it transitions towards a digital future. As Myanmar’s economy expands and opens up, KBZ sees an exciting opportunity to work with further international investors, providing a critical bridge to Myanmar’s fast-growing cities, entrepreneurs and local communities. Specialties Retail Banking, Wholesale Banking Nang Lang Kham Executive Director See how you're connected Sign in Join now