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Tussle over Myanmar bank reform puts spotlight on debt pile

NAYPYITAW (Reuters) – Myanmar’s central bank has backed off from a demand that the country’s private banks clear most of their loan books by January, averting a cliff-edge scenario that some bankers warned could have destabilized the financial system. Myanmar’s central bank deputy governor, Soe Thein, told Reuters that three years – instead of the […]

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 […]