Myanmar, foreign bankers see need for closer cooperation

IF Myanmar hopes to maintain its growth momentum, there needs to be more collaboration among the central bank, local banks and foreign entrants, financial experts said during a panel discussion last week. Sein Maung, chairman of First Private Bank and vice president of the Myanmar Banks Association (MBA), said foreign banks should provide more training […]

Foreign banks call for market access

Greater competition from international banks would encourage local lenders to move away from a small pool of high-net-worth clients to start offering products and services to those who need it most, said panellists at the Myanmar Banking and Finance Conference in Yangon yesterday. “If more foreign banks come into the market it will increase competition […]