Maybank Yangon’s revenue growth to come from lending, transaction banking in 5 years

Maybank International’s chief executive officer Pollie Sim said lending will be driven mainly by working capital financing and transaction banking by Myanmar’s growing international trade and demand for cash management, especially as projects are completed and operationalised. “We believe that Maybank’s success in Myanmar hinges on the growth of Myanmar’s financial sector,” she said in […]

For foreign lenders, Myanmar is no zero-sum game

SINGAPORE – A Foreign bank setting up a branch in Yangon must take its first step together with eight other lenders, all eager to tap a country that has been in isolation for more than 50 years. But international lenders noted that co-operation, not direct competition, will serve the greater good for now. “Competition among […]