9th November 2018, Yangon.
Hayman Capital Co., Ltd has successfully opened 7 more branches in 2018, bringing the total branches to twelve over four regions. The regions are Yangon, Bago, Ayeyarwaddy, and Mandalay.
In April 2018, Pyay branch in Bago region was opened. This was followed by Pathein, Hinthada and Kyonpyaw branches in Ayeyarwaddy Regions in July. In October, Mandalay, Kyaukse and Meikhtilar branches were opened to the public. It has planned to open two more branches in Taungoo and Kawmhu before the end of 2018.
Hayman Capital Co., Ltd has seen a rapid geographical, clientele and loan portfolio growth in the financial services industry over the past three and a half years in Myanmar. The new branches are part of the efforts by Hayman in supporting the business expansion of trading, agriculture, services and production sectors of Myanmar. Since 2015, Hayman has disbursed about MMK48.85 billion to nearly 130,000 clients.
The Company received the Deposit-Taking License from the FRD after 3 years of operation and consecutive 2 years of profit reported. This license was obtained in September and Hayman has started Voluntary Savings with its members since October 2018.
Hayman Capital Co., Ltd (Microfinance Institution) is a 100% subsidiary of the Singapore-based International Investment Company – Hayman Capital Pte., Ltd. The Company was established in 2014 and it disbursed its first loan in July 2015. Currently, it has 12 branches: Insein, Thingangyun, Hlegu branches in Yangon Region; Nyaung Lay Pin, Bago, Pyay branches in Bago Region, Pathein, Hinthada, Kyonpyaw branches in Ayeyarwaddy Region and Mandalay, Kyaukse, Meikhtilar branch in Mandalay Region.
For more information, please contact:
Htoi San Awng
Public Relations Officer
+95 9970051410