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Myanmar’s Yoma links up with Proximity to boost farm loans

YOMA Bank, Myanmar’s fourth-largest bank by assets with more than 3,000 employees and 72 branches across the nation, has signed a funding agreement with Proximity Designs for 7.3 billion kyats (Bt178.5 million), said a bank executive. Hal Bosher, adviser to the chairman and CEO of Yoma Bank, said the partnership with Proximity Designs, which runs […]

Regulatory roadmap needed for banking sector reform

Myanmar needs to establish a regulatory roadmap for the banking sector. This will give the local banks more clarity on the progress and timing of upcoming regulations, allowing them to gear up for further reform and growth. “Carrying out regulatory reform at an unmeasured pace can cause trouble,” said Azeem Azimuddin, CFO of Ayeyarwady Bank, […]