Malaysian bank branch provides US$3m loan to microfinance fund

Kuala Lumpur-based Malayan Banking Berhad (Maybank) has signed an agreement with Hayman Capital, a Myanmar microfinance institution (MFI), to provide US$3 million loan for the latter’s operation expansion. The loan will be for two years and the necessary regulatory approvals from both the Central Bank of Myanmar and the Financial Regulatory Department under the Ministry […]

Exim Bank of Korea to enter Myanmar

YANGON—Myanmar has allowed the Export-Import Bank of Korea to open a representative office in Yangon, according to the Directorate of Investment and Company Administration. The bank registered at the DICA on December 18 to open its office. Established in 1976, the bank has supported South Korea’s export-led economy by providing loans, financing mega-projects, and facilitating […]