Bangkok Bank to open branch in Yangon


A planned Bangkok Bank Office on Kabaraye Pagoda Road Photo: Mizzima

Bangkok Bank, Thailand's largest lender by assets, said on Tuesday it would open its first branch in Yangon on June 2 after officially receiving a final licence from Myanmar's government, reported Reuters on 26 May.

The new branch will provide a full range of financial services and connect to the bank's international network to support customers doing business in Myanmar, Bangkok Bank President Chartsiri Sophonpanich said in a statement.

Bangkok Bank was one of nine foreign banks and the only Thai bank to receive preliminary approval in October 2014 for a licence to commence banking operations in Myanmar.

The Thai bank had a representative office in Yangon for 20 years before receiving the licence.

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