Private banks open more branches

Private banks open more branches

Published on Tuesday, 22 April 2014 23:42

A total of 366 private bank branches have opened in Myanmar since 2011 when the government initiated a series of political and economic reforms.
The Central Bank of Myanmar is cooperating with World Bank and international organisations like International Monetary Fund Organisations to modernise financial services in Myanmar.
During March 2011, the total number of private bank branches numbered only 292. The number has grown to 658 by January 2014.
The Central Bank of Myanmar is working together with Daiwa Institute Research and JICA to modernise payment and settlement systems. The IMF, German International Cooperation, Central Bank of Malaysia and Central Bank of Thailand are also helping.

http://www.information.myanmaronlinecentre.com/private-banks-open-more-branches/