MB Investment Limited, an entity created in 2015 by the Myanmar Banks Association, and NSP Asia Investment Holding, a subsidiary of Singapore-based Credit Bureau Asia (CBA), recently launched the Myanmar Credit Bureau (MMCB). While the firm has begun by serving only banks, it plans to bring on microfinance institutions and other non-bank lenders going forward. MMCB’s owners entered a partnership to create the firm in 2016. MB Investment holds 60 percent of its shares.
Founded in 1995, CBA provides consumer and commercial credit information, including in partnership with US-based Dun & Bradstreet, which offers “business decisioning data and analytics.” CBA is active in Cambodia, Malaysia, Myanmar and Singapore. Its credit bureaux in Cambodia and Singapore share data among 196 members as of June 2020.
By Eha Joshi, Research Associate
Sources and Additional Resources
Business Times article
https://www.businesstimes.com.sg/companies-markets/credit-bureau-asia-launches-myanmars-first-credit-bureau
CBA press release
https://creditbureauasia.com/credit-bureau-asia-officially-launches-myanmar-credit-bureau
MMCB homepage
https://creditbureau.com.mm
CBA homepage
https://creditbureauasia.com
Association of Southeast Asian Nations (ASEAN) Bankers profile on the Myanmar Banks Association
http://www.aseanbankers.org/ABAWeb/index.php/regional-updates/myanmar
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