Small and Medium Enterprise Development Bank (SME–Development Bank) was formerly known as Myanmar Industrial Development Bank (MID Bank). It was founded in 1996 and commenced operation to 2010 as Semi Government bank. In 2010, the bank has been reformed to public bank which stand - alone independently. The bank changed its name to SMID bank and managed by Board of Directors who elected by sharehol
ders of the bank. Change the Name in May 2019, as the Small and Medium Enterprise Development Bank called terms. The main objective of the bank was established to function as a development financial institution to nurture and meet the unique needs of small and medium enterprises (SMEs) through the provision of financial and non-financial services to SMEs. While SME Development Bank‘s role is to complement the products and services provided by other development and commercial banking institutions, the Bank was also established to strengthen the national implementation infrastructure through enhanced SME capacity.
