[3] Yoma Bank was founded in May 1993[4] by entrepreneur Serge Pun of the First Myanmar Investment Company (FMI).

[6] In 1999, Yoma became Myanmar's first bank with a computerized accounting system and started using wireless communication to connect to all of its branches via satellite.

"[6] To accomplish this, Yoma Bank began employing foreign managers and returning Burmese from abroad[9] and focusing its service on small and medium-sized enterprises (SMEs).

[10] The International Finance Corporation (IFC), member of the World Bank Group, announced in May 2014 the long-term plan to promote the Yoma Bank in its SME lending program with a loan of over $30 million.

[1] After signing the contract with the IFC, the bank received the first $5 million for its SME program in September 2014.