Question 1

What is CHID Bank?

Accepted Answer

CHID Bank (Construction, Housing and Infrastructure Development Bank) is a public company limited development and commercial bank operating in Myanmar. Originally established as a development bank focusing on housing finance, it has evolved into a full-service commercial bank with a specialized focus on construction, housing mortgage lending, and infrastructure development financing. Under the supervision of the Ministry of Construction, CHID Bank serves as a leading financial institution dedicated to improving living standards across Myanmar's regions and states through affordable housing finance and infrastructure support.

Question 2

When was CHID Bank founded?

Accepted Answer

CHID Bank was founded on May 8, 2013, when it received company registration (No. 570/2013-2014). The bank was initially established as Construction and Housing Development Bank (CHD Bank) through joint participation of government and private entities. It received its development banking license from the Central Bank of Myanmar on July 12, 2013 (License No. MaBaBa/P-31/(7)2013(1)).

On June 11, 2014, the Central Bank of Myanmar granted CHD Bank a commercial banking license to create long-term growth opportunities. The bank was renamed CHID Bank on June 17, 2018, expanding its mandate to include not only housing but also infrastructure development in electrical power, roads, bridges, and social infrastructure.

In January 2014, the bank officially opened its services to the public, and by January 2024, it celebrated its 10th anniversary of operations.

Question 3

Where is CHID Bank headquartered?

Accepted Answer

CHID Bank is headquartered at No. 60, Shwedagon Pagoda Road, Nawaday Street, Yawmingyi Ward, Dagon Township, Yangon, Myanmar, 11191. Yangon serves as the commercial capital of Myanmar and the bank's main operational hub.

Question 4

Where does CHID Bank operate?

Accepted Answer

CHID Bank operates across Myanmar with 16 branches throughout the country. The bank's network includes its headquarters in Yangon and branches spanning various regions and states across Myanmar, enabling it to serve customers nationwide. The bank focuses on providing services across all regions and states to support housing and infrastructure development throughout the country.

Question 5

What services does CHID Bank offer?

Accepted Answer

CHID Bank offers comprehensive banking services with a specialized focus on housing and construction finance:

Housing Finance: The bank's primary product is housing mortgage loans, offering affordable and low-cost housing finance with competitive interest rates aimed at low-income and middle-income individuals. From 2016 to 2019, the bank's mortgage loan portfolio grew significantly from 389 loans to 4,281 loans.

Construction Loans: CHID Bank provides construction loans to construction business owners and contractors to support their operational needs and promote growth in the construction sector.

Retail Banking Services: The bank offers deposit accounts, savings products, and various banking services designed to increase public deposits and provide comprehensive financial services.

Trade Finance: CHID Bank provides trade financing services including Letters of Credit (L/C), Bank Guarantees, and trade payment services for international trade transactions.

Digital Banking: The bank has embraced digital transformation through its mobile banking platform CHID PAY, which enables customers to access banking 24/7, view account balances and transaction history, transfer funds, perform mobile top-ups, and access general banking services. The bank also participates in CBM Net Phase 2 for cashless payments and money transfers.

Question 6

What makes CHID Bank unique?

Accepted Answer

CHID Bank distinguishes itself as Myanmar's first ISO 9001:2015 certified bank, achieving this certification in July 2025 for compliance with international Quality Management System (QMS) standards. The bank's primary differentiator is its specialized mission to address Myanmar's housing challenges through affordable mortgage financing for low and middle-income citizens, directly responding to rapid urbanization and limited housing facilities.

With over a decade of experience in housing mortgage systems, CHID Bank has established itself as a trusted institution focusing on creating better living conditions through innovative credit programs. The bank's integration of infrastructure development financing alongside housing and construction lending creates a comprehensive approach to national development.

Additionally, CHID Bank's commitment to digital transformation and adoption of modern payment systems positions it as a forward-thinking institution modernizing for Myanmar's evolving regulatory environment.

Question 7

What type of financial institution is CHID Bank?

Accepted Answer

CHID Bank is classified as a commercial bank with development banking origins. It operates as a Public Company Limited under Myanmar's Financial Institutions Law (2016), holding commercial banking license No. MaBaBa/PaBa(R)-21/08/2016 issued by the Central Bank of Myanmar.

While functioning as a full commercial bank authorized to conduct retail and corporate banking activities, CHID Bank maintains its development banking focus through specialized financing for housing, construction, and infrastructure projects. This dual nature allows it to serve both traditional commercial banking customers and support Myanmar's socio-economic development through targeted lending programs that align with national development priorities.

CHID Bank

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About CHID Bank in Myanmar