Bank History

Small and Medium Enterprise Development Bank Aiming to provide as much capital as possible for the development of small and medium enterprises State Law and Order Restoration Council; Under the guidance of Chairman Senior General Than Shwe, Chairman of the Central Committee for Industrial Development of Myanmar Lt-General Myint Aung; Under the supervision of General Kyaw Than, Chairman of the Myanmar Industrial Development Working Committee were in accordance with the Law on the Financial Institutions of Myanmar enacted in 1990, the State Law and Order Restoration Council, Secretary (2) Lt-General Tin Oo, shareholders; With members of the Board of Directors

1996 On 15 February, the Myanmar Industrial Development Bank (MIDB) opened its headquarters.

After that, under the guidance of the Board of Directors of the Bank, with the aim of further developing the small and medium industry sector. On 22 September, the SME Development Bank (SMID Bank) was renamed. 2019 On 21 August, it was renamed the Small and Medium Enterprise Development Bank (SMED Bank).