KBZ is a brand affiliated with some of Myanmar’s leading companies. The first KBZ ventures were founded in 1988 by U Aung Ko Win, who began in textile trading and mining, and expanded into the finance, agriculture, aviation, manufacturing, and tourism sectors.
While not tied together under a group or holding company, these businesses have gained recognition as affiliates of KBZ, bearing the KBZ brand.
In 2017, daughters Daw Nang Lang Kham and Daw Nang Kham Noung stepped in as the next generation of leadership in these businesses.
As part of this succession, their mission is to transform the management and governance of all businesses to an international standard, starting with KBZ Bank, while creating new digital-led ventures that support Myanmar’s ambitions for a digital economy.
In order to help Myanmar achieve 100% financial inclusion in the country, they took a first step to invest more heavily in core competencies, particularly in banking and finance. In 2019, the shareholders decided to divest from businesses in other industries such as mining and aviation.
As a result, the shareholders fully exited from Myanmar Airways International, Jing Hpaw Aung Jade & Jewellry Company Limited, and Strand Square [Kanbawza Office Complex]. Nilar Yoma Gems Company Limited is in the process of closure.
For more information, please refer to KBZ Shareholders have exited these companies.