Currently MICB is providing the following new banking services:

-     Issuing Import LCs and Collecting of Import Bills.

-     Advising Export LCs and negotiating of Export Bills.

-     Issuance of Bank Guarantees.

-     Money Market transactions with foreign Correspondent Banks in international money market.

-     Investing in Treasury Bonds through government securities auctions.

-     Short-Term investing in Treasury Bill through government securities auctions.

-     Bilateral Interbank Lending.

-     Short-Term Liquidity Financing (SWAP)

-     Providing Trade Financing (MMK) (Import T.T/ Export T.T/ Import LC)

      by taking collateral of hard currencies deposits (USD)

-     Undertaking other banking services.

 

Myanma Investment and Commercial Bank ( Mandalay Branch )

          We MICB, provide not only traditional financial banking services but also the following new financial products to our Import / Export Customers and Cross-Border traders.

-     Accepting Foreign Currency Deposits in form of Current and Fixed Deposits accounts.

-     Accepting Local Currency Deposits in form of Current Fixed Deposits and Savings accounts.

-     Remitting Funds in and outside the country

-     Granting Overdraft Loans and Medium–Term Loans by taking Collateral of inmovable Property.

-     Mobile Payment Services to customers with OK$ application.