People use services at a Bangkok Bank branch in Bangkok. In neighbouring Myanmar, BBL is content so far with loan growth at its Yangon branch. PATIPAT JANTHONG Bangkok Bank (BBL), the country’s largest lender by assets, expects better than expected loan growth at its Yangon branch this year based on strong demand from both local and […]
Bangkok Bank reveals challenges of operating in Myanmar
June 6, 2016 by
AFTER A YEAR of operating a branch in Myanmar, Bangkok Bank says it has learned that it has to put more effort into doing business there than in other countries because the long isolation of Myanmar in the past means there are few examples of how foreign companies there resolve problems. BBL had operated a […]
Bangkok Bank injects $200 million into its Yangon branch
June 4, 2015 by
Bangkok Bank demonstrated its optimism in Myanmar’s economic potential through the injection of US$200 million (Bt6.75 billion) into its Yangon branch, a bigger sum than what was brought in by the four foreign banks that have already opened branches here. “This will help us service our customers further, not only in terms of funding but […]
Bangkok Bank set to open branch in Yangon
May 27, 2015 by
Bangkok Bank (BBL) is set to open its first branch in Myanmar next Tuesday after obtaining permission from the Central Bank of Myanmar. The Yangon branch will provide a full range of services for foreign-invested companies and domestic banks in Myanmar in both foreign currencies and kyat, BBL said in a statement. The bank was […]
After securing licence, Bangkok Bank to upgrade skills of Myanmar employees
October 9, 2014 by
After receiving preliminary approval for a banking licence in Myanmar, Bangkok Bank’s next step is to recruit 20-30 mainly local employees under its policy to strengthen the banking skills of local staff. Chaiyarit Anuchitworawong, executive vice president, said yesterday that the bank has 12 months to prepare before receiving a full commercial banking licence, but […]
Bangkok Bank awarded banking licence in Myanmar
October 3, 2014 by
Investment thesis BBL is the only Thai bank with a significant offshore operation (26-full-service branches) or much business outside of Thailand (17% of its total lending). That makes it the banker of choice for Thai firms with major operations overseas or that are looking to expand abroad. It also has the highest loan loss coverage […]
Thai banks step up push for licences in Myanmar
July 21, 2014 by
ALL FOUR THAI banks in Myanmar are intensifying their efforts to secure banking licences in the belief that opening up of the industry will proceed despite opposition for local players. Representatives of Kasikornbank (KBank) and Krungthai Bank (KTB) recently joined conferences in Yangon, speaking their minds on what their banks have to offer to the […]
Thai banks line up for licences in Myanmar
June 16, 2014 by
The banking industry in Myanmar is a key strategic destination for Thai commercial banks as they plan for Asean integration after the Myanmar authority allows foreign banks to apply for operating licences there. Myanmar’s central bank said 42 foreign financial institutions with representative offices there applied for its restricted banking licences. The four largest Thai […]
