Kanbawza Bank (KBZ Bank) was established on 1st of July 1994 in Taunggyi, Southern Shan State. The name Kanbawza is related to a traditional name of the Shan State, an ethnic minority state of the Union of Myanmar.
Initially, the bank catered the local population in Taunggyi. In November 1999, our present management took over and reformed the organization into one of the biggest private commercial banks in Myanmar. In April 2000, KBZ headquarter was relocated to Yangon, the business capital of Myanmar. At present, KBZ Bank has more than 400 branches across the country with nearly 610 ATMs, and over 190 currency exchange counter. Starting with an initial capital of MMK 477 million in 1999, KBZ Bank has expanded the capital of MMK 69 billion in year 2012.
In November 2011, Central Bank of Myanmar granted Authorized Dealer License (ADL) to KBZ Bank as the first step to operate foreign banking business. KBZ Bank will maintain a continuous growth in financial industry along with the development of Myanmar.