The main Functions of Loan Department are as follows:
Regarding Loans provided by international Banks, financial institutions and organization to the Myanmar Government for development projects of the infrastructure, Industrial, telecommunication sector and electrical and energy sector, Myanma Foreign Trade Bank preforms as borrower, borrower’s agent bank and paying bank on behalf of the Government Enterprises.
Services
- Guarantee Issuing from Oversea
- Guarantee Advising
- Guarantee Confirming
- Bank Guarantee with Kyats or Foreign Currency in Domestic
Required documents for your business
1. ISSUANCE OF BANK GUARANTEE
(a) Government / Department
(1) Application and Indemnity Letter of Applicant
(2) Required Guarantee Format
(3) Copy of Contract which have been approved by the abinet
(4) Approval of Ministry of Planning, Finance and Industry
(b) Private
(1) Application
(2) 100% of Bank Guarantee Amount is to be deposited
- Credit Advice for in Cash
- Credit Advice for Telegraphic Transfer
- Pass Book Original and Copy for Account Transfer
(3) Copy of Firm Order / Contract
2. CANCELLATION OF BANK GUARANTEE
(a) Government / Department
(1) Application of Beneficiary and applicant
(2) Original Bank Guarantee
(b) Private
(1) Application
(2) Original Bank Guarantee
(3) Original Debit Advice (if funds were deposited from company’s FC account)