Kanbawza Bank (KBZ Bank) Limited, part of the KBZ Group of companies, announced yesterday that it has opened a USD settlement account with international bank Sumitomo Mitsui Banking Corporation’s New York branch (SMBC New York), to offer streamlined remittance services that enable faster, more convenient trade financing and transactions between Myanmar and the United States, […]
Overseas expansion plans heat up at Myanmar banks
July 22, 2016 by
Aya Bank plans to open representative offices overseas, while competitor KBZ Bank says it has applied to move into countries such as Japan and South Korea, in a sign that Myanmar’s banks are growing bolder in exploring overseas markets. If successful, AYA would become the second Myanmar lender to expand beyond national borders – KBZ became […]
Kanbawza Bank Will Be The First Myanmar Bank to Open International Representative Office in Thailand
May 10, 2016 by
KANBAWZA Bank (KBZ Bank) Limited, part of the KBZ Group of companies, has officially received a licence to open a representative office in Thailand. This licence from the Bank of Thailand makes KBZ Bank the first Myanmar bank to establish a presence in Thailand, or anywhere outside Myanmar. It is the first step towards a […]
KBZ chosen as settlement bank for upcoming stock exchange
May 7, 2015 by
KBZ, the country’s largest private bank, has been chosen to run settlement and clearing operations for the forthcoming Yangon Stock Exchange, according to KBZ senior managing director U Than Cho. The bank has the widest network among private banks and has the digital integration necessary for a settlement bank, he said. “We can serve buyers […]
