Corporate Information

Corporate Information

Bank Name:
United Amara Bank Limited

Company Registration:
No 390/2010-11
Date 14th June 2010

Re-registration under Company Law, 2017

No. 189354002

Type :
Private Bank Company Limited by Shares

 

Banking License

1. Ma Va Ba (Par Ba (R) (14/08/2016) under the new Financial Institution Law, 2016 (replacing Ma Va Ba/P-25(7) 2010 Date 2nd June 2010)

2. Authorised Dealer License Date 25th November 2011

3. Authorised Dealer License ( Foreign Currency) - CBM -FEMD-78/2011

Authorised Capital :
MMK 75 billion

Paid-up Capital :
MMK 54 billion

 

Tax paid by the Bank over the following financial periods:

Financial period

Amount paid

FY 2018-19 (6 Months)

MMK 1,935.62 mil

FY 2017-18 (12 Months)

MMK 333.72 mil

FY 2016-17 (12 Months)

MMK 126.12 mil

FY 2015-16 (12 Months)

MMK 1,414 mil

 

Ownership structure

The Shareholders of the Bank are:

 

Names

Shareholding

1.

U Ne Aung

90%

2.

Daw Khin Moe Nyunt

10%

  • The shareholders listed above are both direct and beneficial owners of the Bank
  • Except for the above shareholders, who are also the Directors of the Bank, no other member of the Board of Directors are direct or indirect shareholders
  • There are no direct or indirect shareholding by members of Senior Management of the Bank

 

Ownership of subsidiaries, associates and other companies

United Amara Bank Limited holds a 39.09% shareholding of UAB Securities Limited, a company dealing in securities brokeage, securities underwriting, securities dealing and investment advisory business.

 

Non-financial KPIs

Criteria

KPI

Employee engagement

Employee engagement is a key strategy and over the period April to Oct 2018, the following engagement activities were conducted:

  • 7 (seven) Tea Sessions with CEO in Yangon involving 87 employees
  • 2 (two) Tea Sessions with CEO in Mandalay involving 60 employees
  • Town Hall meeting and staff movie day was conducted in Yangon on 4th August 2018
  • Town Hall meeting and staff movie day was conducted in Mandalay on 26th August 2018
  • Managers Conference in Inle Lake on 18th to 21st Oct 2018

Employee turnover rate

Turnover over period April to Sept 2018 was 14.07% against target of 15%

Absenteeism rate

4.60% measured against working days.(over period April to Sept 2018)

Health and safety 

No injuries were reported over April to Sept 2018 with the following details:

Accidents

  • Driver - 1 minor accident with no injuries
  • Security staff - no incident reported
  • Banking staff - no incident reported

Fire incidences

  • Branches - fire at Sule Pagoda Road Branch with no injuries
  • Head Office - fire on computer equopment at Financial Institution Dept with no injuries.

Fatality rate

No fatality was reported by employees at the work place or in the course of duty over April to Sept 2018.

Training

  • 803 employees attended formal classroom training
  • 150 senior and middle management attended formal development conference
  • Recorded 8,004 formal training and development man-days 
  • Recorded average formal training and development man-days per staff of 3.8 days 

Career development/appraisal

  • Appraisal sessions for all staff from the grade of Driver to Senior manager were conducted by their supervisors in Sept 2018 and a performance grading allotted to each staff.
  • Counselling on staff performance and career development was conducted on each staff during the appraisal process.

Equal opportunity employment

  • UAB is an equal opportunity employer and data as at 30th Sept 2018 on age and gender is as follows:

 

Age (years)

Female

Male

Total

18 to 30

544

540

1,084

31 to 40

352

304

656

41 to 50

129

133

262

51 to 60

15

42

57

above 60

-

10

10

TOTAL

1,040

1,029

2,069

 

Disability

2 (two) individuals were employed over period April to Sept 2018

Copyright @ United Amara Bank Limited (UAB). All rights reserved. Developed by Information Matrix .