KBZ Bank named best bank in Myanmar

Deposits at Kanbawza Bank have risen to US$4 billion, according to bank executives speaking days after the bank won two awards for its services at a ceremony in Singapore.

On July 10, KBZ Bank was named Myanmar’s Best Domestic Retail Bank and selected as the Myanmar bank with the Best Core Banking System Initiative by the Asian Banking and Finance Association.

KBZ was the first bank in Myanmar to switch from an ordinary core banking system to the Oracle Flexcube Centralized Core Banking System, a move cited as the reason for the second award.

KBZ chairperson Aung Ko Win and KBZ director Nan Lai Kham attended the ceremony in Singapore and picked up the two awards.

KBZ Bank announced recently that it had opened its 255th branch, in Yangon, and that it plans to have more than 260 branches, including 90 mini banks, soon. It was named best bank in Myanmar because of its deposit level, high tax payments, corporate social responsibility program, and ability to upgrade its technology.

KBZ was named the highest taxpayer in the country last year and the year before, after paying more than $10 million and more than $7 million in taxes for the two years, respectively.


NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here

If you are interested to be listed in our Service Provider Directory as a supplier of services or products that we can use to match with the needs of our clients in Myanmar please fill up the online form by clicking here