Shinhan Bank, one of the largest banks in South Korea, has opened a representative office in Yangon according to the bank.
The new office is located on Kabar Aye
Pagoda Road in Yangon. The Korean is planning to open a foreign bank in
Myanmar when it is approved by the Central Bank of Myanmar.
The bank was established in 1897. It has
branch offices in 15 countries including US, UK, Germany, Japan, China,
Mexico, Canada, Singapore, Vietnam and Cambodia.
Myanmar government has permitted foreign
bank to open rep offices in the country and this is the third rep
office Korean banks opened in Myanmar after Hana Bank and Woori Bank. A
total of 24 foreign banks' representative offices have been opened in
country but no one has been granted to become a foreign bank yet
according to the Central Bank of Myanmar.
source: Eleven Myanmar
No comments:
Post a Comment