With the intention of promoting and developing SME businesses in Myanmar, EFD GROUP also providing microfinance services by EXCELLENT FORTUNE MICROFINANCE COMPANY LIMITED ( EFM ) and BRIGHT PEARL MICROFINANCE COMPANY LIMITED ( BPM ).

EXCELLENT FORTUNE FINANCE COMPANY LIMITED ( EFFCL ) is one of the 29 finance companies licensed to operate in Myanmar. EXCELLENT FORTUNE FINANCE COMPANY LIMITED ( EFFCL ) is providing loan services to the public without receiving any cash deposits for purchasing of goods and services.

Farmers Development Bank – Mandalay (FDB Bank) aspires to become a top-tier, digital-first, SME-focused commercial bank in Myanmar. The bank received its provisional approval from the Central Bank of Myanmar (CBM) in early 2020, and commenced operations as a full commercial bank in December 2021.

In order to provide clients with fast and transparent banking services, FDB Bank will deploy cutting-edge banking tools such as digital onboarding, biometrics registrations, and automatic credit analytics. To accomplish this goal, the bank has selected and is deploying one of the latest core-banking technologies available on the market.

As part of the financial services platform under the Excellent Fortune Development Group (EFD GROUP), which includes Life and General Insurance, Finance, and Microfinance licenses, the senior management is positioning the bank to become the distribution engine of various financial products across Myanmar.

In 2013, EFD GROUP was awarded the comprehensive life and general insurance licenses with EXCELLENT FORTUNE INSURANCE COMPANY LIMITED becoming one of the first private enterprises in Myanmar to hold these licenses with a registered capital of MMK 46 Billion.

Following the instruction of Myanmar Government to operate private life insurance and private general insurance separately in order to promote private insurance sector, EXCELLENT FORTUNE LIFE INSURANCE COMPANY LIMITED ( EFIL) and EXCELLENT FORTUNE GENERAL INSURANCE COMPANY LIMITED ( EFIG ) are formed to manage the life and general insurance respectively.

At present, there are 24 private insurance companies in Myanmar, including 16 life insurance companies and 8 general insurance companies. In 2019, Myanmar government issued 5 foreign life insurance licenses to further liberalize insurance market.