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IFC divesting from Yoma Bank after its business with military companies exposed
The International Finance Corporation (IFC) of the World Bank Group is divesting from Yoma Bank, Justice For Myanmar has confirmed through a source with knowledge of the transaction.
Yoma Bank providing services to Myanmar military telco, Mytel
Yoma Bank is providing banking services to Telecom International Myanmar Company Limited, the operator of the Myanmar military’s Mytel mobile network.
Justice For Myanmar calls on Yoma Bank shareholders IFC, GIC and Norfund to take urgent action following loan to Min Aung Hlaing’s daughter for military business
Justice For Myanmar condemns Yoma Bank’s loan to Pinnacle Asia, a company owned by the daughter of war criminal and coup leader Senior General Min Aung Hlaing, and calls on shareholders IFC, Norfund and GIC to take urgent action.
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