Anti-Money Laundering and Countering Financing of Terrorism (AML/ CFT)

GTB 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 Money Laundering and Countering 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 sets up AML Compliance Department led by Assistant General Manager, and all Heads of Branches are appointed as Compliance Officers. They are required to report Cash Transaction Report (CTR) and Suspicious Transaction Report (STR) by online reporting system on time.

Financial Credibility Of Global Treasure Bank

As of 30th September 2021, financial indicators and financial ratios of the bank are as follows;

*(1 US$=1,921.6 Kyats as at 30th September 2021 CBM rate)
Total Assets 936 bn Kyats
Total Deposits 706+ bn Kyats
Total Loans 614+ bn Kyats
Equity 110+ bn Kyats
Total Income 72+ bn Kyats
Net Income 0.49 bn Kyats
Loan to Deposit Ratio 87%
Capital Adequacy Ratio 9.9%
Liquidity Ratio 25.08%
NPL ratio 41% (This can be attributed to the revision made under CBM Notification 17/2017 dated 7-6-2017 “Asset Classification and Provisioning Regulation”)
Deposit to share Ratio 11 times

Bank Loan By Sectors

Bank Loans by Sector The bank plays a significant role in providing bank loans and financial assistance to most customers from fisheries, livestock, industrial, trade, transport, construction, services sectors and other sectors. Bank’s Credit Committee led by a Director and comprising 6 members scrutinized and disbursed 614.49 billion Kyats as development loans to 78,496 clients in 2020-2021 financial year. The disbursements of bank loans by sectors are as follows;

(a) Livestock and Fisheries 142.49 bn Kyats 35.35%
(b) Industries 0.34 bn Kyats 0.09%
(c) Trade 104.87 bn Kyats 26.02%
(d) Transport 20.35 bn Kyats 5.05%
(e) Construction 18.51 bn Kyats 4.59%
(f) Services 39.27 bn Kyats 9.74%
(g) Others 77.23 bn Kyats 19.16%
Total 403.06 bn Kyats 100%