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Myanmar
Financial Position
The following financial rations and norms of GTB Bank's financial status as at the end of financial year 2016-2017 presents the consolidated financial position-
| (1 U$=1,349 Kyats as at 31.3.2017) | |
| Total Assets | 663 bn Kyats (491 mil USD) |
| Total Deposits | 512 bn Kyats (379 mil USD) |
| Total Loans | 360 bn Kyats (266 mil USD) |
| Equity | 90 bn Kyats (66.5 mil USD) |
| Total Income | 65.9 bn Kyats ( 48.8 mil USD) |
| Net Profit | 13 bn Kyats (9.6 mil USD) |
| Divided Paid out | 13 percent per share |
| Loan to Deposit Ratio | 70.24% |
| Capital Adequacy Ratio | 34.11% |
| Liquidity Ratio | 32.33% |
| NPL ratio | 8.9% |
| Deposit to share Ratio | 9.8 times |
Bank Loan By Sectors
Loan is one of the major income business for GTB bank and GTB is extending short terms loans to national entrepreneurs to support their financial and investment. In order to ensure regular income and to be secured loan bank formed a credit committee, which comprising 4 members led by one of the member of BODs. rade, Transport, Construction, Services and other sectors. GTB disbursed 339.59 billion Kyats as development loans to clients at 12% interest rate in 2015-2016 financial year. The disbursements of bank loans by sectors are as follows;
As of (31.3.2017) GTB is extended loans to (3,025)customers at the value of 360 billion kyats to the following sectors.
| (a) | Livestock and Fisheries | 112.03 bn Kyats | 31.10% |
| (b) | Industries | 0.30 bn Kyats | 0.8% |
| (c) | Trade | 110.58 bn Kyats | 30.71% |
| (d) | Transport | 10.77 bn Kyats | 3.00% |
| (e) | Construction | 18.62 bn Kyats | 5.17% |
| (f) | Services | 19.23 bn Kyats | 5.34% |
| (f) | Others | 88.57 bn Kyats | 24.59% |
| Total | 360.12 bn Kyats | 100% |
Anti - Money Laundering and Counting the Financing of Terrorist (AML/CFT)
GTB Bank takes responsibility for strict compliance to the Anti-Money Laundering Law of the Republic of the Union of Myanmar, United Nations International Convention for the Suppression of the Financing of Terrorism 1997, International Standards on Combating Money Laundering and Financing of Terrorism and Proliferation, the Financial Action Task Force (FATF) 40 recommendations and Working Guidelines and Instructions of Central Bank of Myanmar and Ministry of Home Affairs.
GTB apponted By.Managing Director as Chief Compliance Officer (CCO) and sets AML Compliance Team led by Deputy Managing Director, and all Heads of Branches are appointed as Compliance Officers. They have to report Cash Transaction Report (CTR) and Suspicious Transaction Report (STR) by online reporting system in time.
