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+Read MorePersonal Banking
Our services are saving accounts, current accounts, fixed deposits, foreign currency accounts, domestic remittances, overseas remittences, loans/overdraft. -
+Read MoreCorporate Banking
Corporate banking deals with savings accounts, current accounts, fixed deposits, foreign currency accounts, domestic remittances, overseas remittances, trade finance, loans/overdraft. -
+Read MoreInternational Banking
We provide deposit products, foreign exchange, inward remittances,
outward remittances to our customers. -
+Read MoreCall Deposit
The bank has launched call deposits. This enables customers to deposit money and earn interest on the accumulated daily closing balance.
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About Tun Commercial Bank
Tun Commercial Bank was established in 1994 by U Thein Tun, the Chairman of the MGS Group of companies. From an initial branch in Yangon it has expanded across the country, including the main cities of Mandalay and Naypyitaw. The bank currently has 14 branches and has plans to open an additional 10 branches over the next few months. The bank has been conservatively run and comfortably survived the domestic banking crash in 2003, when a number of local banks were shut down.
The Bank is a normal private bank and run on strictly commercial terms. However, unusually for a bank, the shareholders have chosen to pay the majority of its profits to charity. The focus for the charity is on Education and Health and includes a charitable hospital and schools set up and funded by the Chairman.
Tun Commercial Bank invests in quality banking systems
Tun Commercial Bank has signed a deal to buy Oracle's state of the art Flexcube Core Banking system including internet, smartphone and SMS banking solutions. U Thein Tun, the Chairman of the bank said, "This will put Tun Foundation Bank at the forefront of the banking industry as it embraces new technology and will provide our rapidly growing customer base, of both local and international clients, personal and corporate, with the full range of new products and services they need to do business and manage their money. This will change the way our customers' bank, enabling easy cross branch banking and 24 hours 7 days a week access to their money, throughout the country."
+95 1 9000879
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Head Office