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 […]

Shwe Thanlwin awarded banking licence

Shwe Thanlwin, one of the “privileged” companies with a diverse range of businesses in Myanmar, received a banking licence recently. The Central Bank of Myanmar issued the licence under the name “Shwe Rural and Urban Development Bank Ltd”. The new bank’s head office will be located at No. 420, Botahtaung Township in Yangon Region, according […]