Financial Services

MMyanmar 2019 Financial Services

After several years of rapid expansion and double-digit credit growth, Myanmar’s banking sector underwent several necessary reforms in 2017 and 2018, as the Central Bank of Myanmar moved to introduce new prudential regulations and reduce overdraft lending. Although foreign banks remain prohibited from participating in retail activities, a spate of recent directives have made promising strides towards liberalisation, with foreign entities now permitted to provide import and export financing, as well as lend to local businesses – a major step forward for the development of the sector. Financial inclusion has benefitted from rapid mobile adoption and supportive policy-making. This chapter contains interviews with U Kyaw Kyaw Maung, Governor, Central Bank of Myanmar; U Thein Zaw Tun, Managing Director, CB Bank; He Bi Qing, CEO, ICBC Yangon; and U Nyo Myint, Vice-Chairman, Myanmar Insurance Association.

Cover of The Report: Myanmar 2019

The Report

This chapter is from the Myanmar 2019 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of U Thein Zaw Tun, Managing Director, CB Bank
U Thein Zaw Tun, Managing Director, CB Bank : Interview