KASIKORNBANK (KBank) is joining with Myanmar’s biggest lender, Kanbawza Bank (KBZ Bank), on a staff exchange programme for the border cities of Mae Sot and Myawaddy. The initiative is part of efforts to boost trade across the border. The focus is on import-export settlements via banking system and promotion of cross-border funds transfer via the […]
No Thai banks among 2nd round of Myanmar licensees
February 15, 2016 by
YANGON – No Thailand banks were among 13 institutions that answered a call from Myanmar’s central bank for expressions of interest in a second round of foreign bank licensing aimed at further liberalising a sector that was previously off-limits to international players. Eight of the banks listed in an official central bank statement on Feb […]
Central bank says it is still on track to grant licences to foreign banks this month
September 17, 2014 by
Between five and 10 licences will be granted to foreign banks to operate in Myanmar by the end of this month, Dr Set Aung, deputy governor of Central Bank of Myanmar, said on September 14, denying speculation that the bank was delaying the announcement. “We said before that the announcement will be made in the […]
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 […]
