Myanmar has too many banks

The domestic market is still underserved by local banks despite a large number being approved to open in recent years, according to experts. Shwe Rural and Urban Development Bank, tied by local media to conglomerate Shwe Thanlwin led by tycoon U Kyaw Win, is the latest local bank to receive a private banking licence in […]

Banking – another business step of Shwe Than Lwin

The business empire under Shwe Than Lwin has proposed to open a financial institution, Shwe Rural and Urban Development Bank. In the application for commercial and investment banking license, Shwe Than Lwin said the initial investment capital would be Ks 10 billion, partly financed by the profit earnings from the sale Sky Net TV signal […]