Vietnam’s BIDV says will be prioritised in next Myanmar bank licence issue

BIDV, Vietnam’s biggest partly private lender by assets, said on Wednesday it would be prioritised in the next issue of banking licences by Myanmar, citing comments by the country’s president during a meeting with the bank’s chairman. BIDV, which wants to open a branch in Myanmar having failed in the first license issue, said more […]

First Malaysian bank opens in Burma

Malayan Banking Bhd (Maybank), Malaysia’s leading bank by assets, commenced branch operations in Burma on Monday, becoming the first Malaysian bank to open a branch in the country. Maybank, the fourth largest bank in Southeast Asia, is one of a growing number of foreign banks gaining a presence in Burma. Japan’s Bank of Tokyo Mitsubishi […]