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Managing Director & CEO's Report

Mr. KIM Bunsocheat, Managing Director & CEO

"Through the efforts of the Government of The Republic of The Union of Myanmar and other stakeholders in providing a favorable investment environment to local and foreign investors, the government has enacted laws and issued necessary rules and notifications to achieve improved international standards and to boost the economic growth of all sectors for the year 2017/18, particularly in the microfinance and banking sectors."

Performance in 2016/17

Competitive Environment

As of March 2017, the Financial Regulatory Department (FRD) announced that the total number of microfinance institutions had reached 169. In spite of this, ACLEDA MFI Myanmar Co., Ltd. managed to maintain its position as market leader in terms of assets, loans, deposits, and profitability. The ACLEDA MFI has also developed a plan to expand its branch network to other Regions and States.

Operational Highlights in 2016/17

  • The gross loans outstanding increased sharply by 85.68% from US$8,462,082 to US$15,712,417, and the number of active clients increased by 51.56% up from 32,022 active borrowers to 48,531 active borrowers in comparison to the previous year 2015/16.
  • The balance of deposits increased by 106.64% up from US$ 362,568 to US$749,212, and the number of depositors increased by 39.19% up from 49,400 to 68,758 depositors in comparison to the previous year 2015/16.
  • Profit before income tax increased by 55.06% up from US$1,129,979 to US$1,752,134 and net profit after tax increased by 54.86% in comparison to the previous year 2015/16, up from US$ 834,635 to US$1,292,524.
  • By the end of March 31, 2017, ACLEDA MFI Myanmar Co., Ltd. had a branch network comprising seven offices, two of which are branch offices (Yangon and Bago Region) while five are sub-branch offices.
  • As of March 2017, the number of employees of ACLEDA MFI Myanmar Co., Ltd. increased by 20% in comparison to same period in March 2016 up from 155 to 186 employees which included five Cambodian expatriates.

Strategic Priorities for 2017/18

  1. Continue to build good rapport with all levels of government authorities to trust and strongly support ACLEDA MFI Myanmar Co., Ltd. while contributing to job creation and economic development.
  2. Explore the opportunity to expand the branch operations network to other states and regions to meet customers need and demand.
  3. Mobilize funds and utilize the low cost of funds by increasing and promoting the savings products of ACLEDA MFI Myanmar Co., Ltd.
  4. Continue to invest in building the capacity of management and staff by providing regular training and workshops.
  5. Focus on and enhance the customer service quality of ACLEDA MFI Myanmar Co., Ltd. to be a model of good customer service culture to all internal and external customers.
  6. Maintain and manage liquidity and other prudential financial directives in an effective way to comply with government authorities and regulations.

To all our valued customers, my colleagues on the Board of Directors, management and staff, our professional advisors and, not least the Financial Regulatory Department of the Ministry of Finance, I offer my sincerest thanks, both for your support in 2016/17 and in anticipation of a happy and prosperous 2017/18.


Mr. KIM Bunsocheat
Managing Director & CEO of ACLEDA MFI Myanmar Co., Ltd.


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