Current MICB Services
Currently MICB is providing the following new banking services:
- Issuing Import LCs and Collecting of Import Bills.
- Advising Export LCs and negotiating of Export Bills.
- Issuance of Bank Guarantees.
- Money Market transactions with foreign Correspondent Banks in international money market.
- Investing in Treasury Bonds through government securities auctions.
- Short-Term investing in Treasury Bill through government securities auctions.
- Bilateral Interbank Lending.
- Short-Term Liquidity Financing (SWAP)
- Providing Trade Financing (MMK) (Import T.T/ Export T.T/ Import LC)
by taking collateral of hard currencies deposits (USD)
- Undertaking other banking services.
Myanma Investment and Commercial Bank ( Mandalay Branch )
We MICB, provide not only traditional financial banking services but also the following new financial products to our Import / Export Customers and Cross-Border traders.
- Accepting Foreign Currency Deposits in form of Current and Fixed Deposits accounts.
- Accepting Local Currency Deposits in form of Current Fixed Deposits and Savings accounts.
- Remitting Funds in and outside the country
- Granting Overdraft Loans and Medium–Term Loans by taking Collateral of inmovable Property.
- Mobile Payment Services to customers with OK$ application.