BBL pleased as punch in Myanmar

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

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

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 […]

After securing licence, Bangkok Bank to upgrade skills of Myanmar employees

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 […]

Thai investors eye opportunities

Thai businesses are continuing to eye Myanmar opportunities, downplaying concerns the country’s political situation may slow investment here. Several Thai business delegations visited Yangon last week looking to expand in the fast-growing economy, though some experts added further reforms in Myanmar are required to attract investment. Thailand investment will reach US$100 billion in the next […]