Mizuho Bank Open for Business

Japan-based Mizuho Bank has opened their first branch in Yangon on August 3, marking the bank’s official entrance into the country.

The lender is one of the largest financial services company in Japan, with over $1.6 trillion in assets. It was one of nine international banks that received licences in October last year to operate in the country.

According to a company statement, the Yangon Branch is capable of providing a full line-up of banking services, including deposits, loans, and domestic and foreign exchange, and the branch will also provide more comprehensive e-banking and other financial services.

“The opening of the Yangon Branch will enable Mizuho to more effectively support customers expanding into the country or strengthening their business there while contributing to the further development of Myanmar’s industry and money market as well as the training of human resources,” the statement added.

Mizuho has been involved in infrastructure and various other fields in Myanmar and is the only Japanese bank to participate in development of the Thilawa Special Economic Zone, a project involving public-private collaboration between Japan and Myanmar.

Mizuho Bank’s Yangon branch is located at Level 4, Sedona Business Suites on Kabar Aye Pagoda road in Yankin township.

Source: Myanmar Business Today

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