Foreign banks in Myanmar will bide time to reap returns

YANGON/SINGAPORE – Myanmar has thrown open the door to foreign banks, but weak credit protection and tight restrictions on lending mean it’s not a warm welcome, at least not yet. Nine banks have been given the first licences to operate in the Southeast Asian nation, but the government is still to lay out a roadmap […]

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 […]