Central Banking

Myanmar central bank opens up more room for foreign banks

Central Bank of Myanmar
The Central Bank of Myanmar has allowed seven foreign banks to provide trade financing to local exporters

The Central Bank of Myanmar recently permitted seven foreign banks to provide trade financing to local exporters, in a move intended to widen the limited business opportunities for foreign banks in the country.

Applications from five other foreign banks are still pending approval, local media reports, adding that all the foreign banks are expected to provide trade financing within this year.

The initiative, which was announced by the CBM in December 2017, allows foreign bank branches to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: