New Branch / 1st Branch Opening Announcement

A brand-new full-service FDB bank branch is now open, complete with an aluminum-panel façade, large marble stone lobby, 3 cash tellers, 2 non-cash tellers and walk-up ATM & CRM booth. The branch is among one of the commercial banks to open around Zay Cho, one of the most commercially developed areas of the city.  

Farmer Development Bank – Mandalay (FDB Bank) is pleased to announce the opening of a new branch in Mandalay, Myanmar. The physical address is No.70, 84th Street between 28th & 29th Street, Chanayethasan Township. Lobby hours are Monday – Friday 10 AM – 3 AM. The branch opened on December 29, 2021, and FDB Bank hosted a soft opening ceremony to celebrate with internal staffs and limited partners. The first-ever branch marks as our significant milestone in 2021 for FDB Bank.  

 In order to establish FDB bank’s foothold in banking sector, the management team decided to execute its nation-wide branch expansion strategy starting from Mandalay where it is the logistic hub of the country with the second-most populous city of more than 1.4 billion inhabitants.   

FDB Bank has a knowledge and data driven approach to banking, and a superior customer experience for its retail, corporate and emerging SME banking clients. As part of the Excellent Fortune Development Group (EFD Group), FDB Bank also aimed to establish a national-level foundation to actively support and contribute to becoming a top-tier, digital-first, SME-focused commercial bank for the development of the Myanmar general population. FDB Bank looks forward to supporting the thriving commercial and small business banking needs of farmers. 

 As a full-service new-generation bank, the new branch in Mandalay offers in-branch solutions, as well as online and digital solutions to help address customer banking preferences. The branch will provide an extensive array of consumer and commercial products and services, as well as deploy cutting-edge banking tools such as digital onboarding, biometrics registrations, and automatic credit analytics. 


At the soft opening ceremony, the monks help spread their prayers at the new branch at 7 AM early in the morning, followed by reception to selective customers and internal staffs inside the branch. The leadership gave their attendance to the ceremony and gave their speech. With our newly commissioned core banking system and all our branch members are looking forward to serving both personal and business banking customers at the new branch.  

About FDB Bank 

Farmer Development Bank – Mandalay (FDB Bank) is a wholly-owned subsidiary of Excellent Fortune Development Group (EFD Group ) which became a multi-sector conglomerate with 5 key sectors- Financial, Real estate, Mining, Agricultural, and Industrial. 

FDB Bank has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. FDB Bank aspired to become a top-tier, digital-first and new-generation bank of Myanmar with the long-term mission of “Digital Bank Excellence for You”. 

Learn more about FDB Bank at