Mizuho Bank Open for Business

Japan-based Mizuho Bank has opened their first branch in Yangon on August 3, marking the bank’s official entrance into the country. The lender is one of the largest financial services company in Japan, with over $1.6 trillion in assets. It was one of nine international banks that received licences in October last year to operate […]

Third Japanese megabank opens local branch office

Mizuho Bank opened its Yangon branch office yesterday, becoming the third Japanese megabank with a local branch presence. The firms also signed an agreement with AYA Bank, one of Myanmar’s largest private banks, to cooperate in banking services such as cash management. The new branch is located at Sedona Hotel, with US$100 million in initial […]

Licensing, a milestone in banking industry

Greater convenience is one thing foreign companies doing business in Myanmar can expect as nine foreign banks gradually start their operations within the first half of next year. The licensing is also another milestone of the country’s economic reforms, which have so far been successful in drawing foreign investment and the momentum should continue with […]

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 […]