Farmers Development Bank – Mandalay (FDB Bank) aspires to become a top-tier, digital-first, SME-focused commercial bank in Myanmar. The bank received its provisional approval from the Central Bank of Myanmar (CBM) in early 2020, and commenced operations as a full commercial bank in December 2021.

In order to provide clients with fast and transparent banking services, FDB Bank will deploy cutting-edge banking tools such as digital onboarding, biometrics registrations, and automatic credit analytics. To accomplish this goal, the bank has selected and is deploying one of the latest core-banking technologies available on the market.

As part of the financial services platform under the Excellent Fortune Development Group (EFD GROUP), which includes Life and General Insurance, Finance, and Microfinance licenses, the senior management is positioning the bank to become the distribution engine of various financial products across Myanmar.