Vietnam’s BIDV says will be prioritised in next Myanmar bank licence issue

BIDV, Vietnam’s biggest partly private lender by assets, said on Wednesday it would be prioritised in the next issue of banking licences by Myanmar, citing comments by the country’s president during a meeting with the bank’s chairman. BIDV, which wants to open a branch in Myanmar having failed in the first license issue, said more […]

ANZ making a regional banking push

A well-regarded set of regional banks emerged as the winners of nine foreign banking licences as they were announced in October. Three of the Japanese megabanks snagged licences, along with two large Singaporean banks and one each from China, Malaysia and Thailand. Also included on the list was Australia and New Zealand Banking Group, commonly […]

ANZ faces Myanmar bank hurdles

THE ANZ Banking Group is bidding for a banking licence in Myanmar but faces major challenges in doing so. UP to 40 institutions are lining up to open offices in the country, even as the central bank is set to impose tough operational restrictions. Myanmar is undergoing major economic reforms and liberalisation in the process […]