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Maybank starts branch operations in Myanmar


Photo: Maybank

Malayan Banking Bhd (Maybank), Malaysia's largest bank by assets, said on Monday it commenced branch operations in Myanmar, becoming the first and only Malaysian bank to open a branch in that country Reuters reported on 3 August.

Maybank, Southeast Asia's fourth largest bank, is one of the foreign banks ranging from Japan's Bank of Tokyo Mitsubishi UFJ Ltd to Singapore's Oversea-Chinese Banking Corporation Ltd that have gained a presence in Myanmar.

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