Tussle over Myanmar bank reform puts spotlight on debt pile

NAYPYITAW (Reuters) – Myanmar’s central bank has backed off from a demand that the country’s private banks clear most of their loan books by January, averting a cliff-edge scenario that some bankers warned could have destabilized the financial system. Myanmar’s central bank deputy governor, Soe Thein, told Reuters that three years – instead of the […]

Myanmar’s Yoma links up with Proximity to boost farm loans

YOMA Bank, Myanmar’s fourth-largest bank by assets with more than 3,000 employees and 72 branches across the nation, has signed a funding agreement with Proximity Designs for 7.3 billion kyats (Bt178.5 million), said a bank executive. Hal Bosher, adviser to the chairman and CEO of Yoma Bank, said the partnership with Proximity Designs, which runs […]