Myanmar shows green light to four more foreign banks, all from Asia

Myanmar shows green light to four more foreign banks, all from Asia

The Central Bank of Myanmar has awarded preliminary operating licenses to four more foreign banks, all from Asia,  – Bank for Investment and Development of Vietnam, State Bank of India, Taiwan’s Sun Commercial Bank and South Korea’s Shinhan Bank.

With this move, the total number of foreign banks that are allowed to operate in the frontier market touches 13.

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