Yangon, 6th May 2019– United Amara Bank Limited (uab bank) announced that on the latest 2019 Pwint Thit Sa Report (Transparency in Myanmar Enterprises), it was ranked 1st for Corporate Governance and received the 5th highest overall score for Transparency Reporting.
This year’s Pwint Thit Sa report is the 5th report undertaken by Yangon-based Myanmar Centre for Responsible Business in partnership with the consulting firm, Yever. The 2019 report widely used the ASEAN Corporate Governance Scorecard and other assessment criteria to assess disclosure of corporate governance by large companies.
uab bank, as an institution of strength which is dedicated to leading change is committed to upholding sound principles and good governance. uab bank believes that high standards of compliance, transparency and fairness will enhance communication and understanding between the Bank, its Customers, investors and other stakeholders.
Commenting on the high rankings, uab bank CEO, Christopher Loh said:
“This is the 1st time that we have entered the prestigious Pwint Thit Sa assessment and we are honored to have received a high score and ranking on our first endeavor. This recognizes uab bank’s efforts to strengthen its corporate governance and management as well as increase its transparency. Going forward, uab bank will continue to maintain these high standards to create long-term value for Customers, shareholders, employees and the community”.
About uab bank
uab bank is a leading bank in Myanmar. Established in 2010, we are now serving our customers from a growing network of over 78 branches in 47 townships across Myanmar. uab provides a wide range of financial services including consumer banking, premier banking, SME banking, corporate banking, trade finance and treasury services. Through our subsidiary uab securities, we also provide brokerage services, corporate and financial advisory, investment banking and capital market activities.
At uab bank, we believe in leading the way towards a better Myanmar, humanising banking, connecting people, creating opportunities and changing lives. In December 2017, uab launched “Be The Change Myanmar” initiative that represents our commitment to driving change for a better Myanmar, specifically focusing on empowering women and children. We believe uab must operate responsibly and be committed to the community we are in.
A copy of uab’s latest annual report may be obtained at the link below: