Two Korean Banks Hopeful of Winning Approval to Open Myanmar Branches

YANGON—Two South Korean banks involved separately in a low-income housing project and a joint industrial complex construction project in Yangon are hopeful of winning Myanmar government approval to offer banking services in the country soon. If they are granted licenses, KB Kookmin Bank, one of South Korea’s largest banks, and Industrial Bank of Korea (IBK) […]

Bangkok Bank among 9 foreign lenders licensed by Myanmar

YANGON — Bangkok Bank was among nine foreign banks awarded licences Wednesday to operate in the country as part of its economic-reform plan. The Central Bank said Bangkok Bank and Japan’s three largest banks – Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking Corp. and Mizuho Bank – were among those that won licences for limited […]

Bangkok Bank Pledges to Bring Thai Investors to Myanmar

YANGON — Thailand’s Bangkok Bank, one of 25 foreign institutions awaiting permission to operate in Myanmar, has said it will bring more Thai investors into the country. One of Thailand’s four largest banks, Bangkok Bank has had a representative office in Yangon since 1994. Speaking in Yangon on Friday, Bangkok Bank Executive Vice President Chaiyarit […]