South Korea’s Exim Bank to enter Myanmar

Exim BankMyanmar has allowed the Export-Import Bank of Korea (Exim Bank) to open a representative office in Yangon, according to the Directorate of Investment and Company Administration. The bank registered  on December 18 to open its office.

Established in 1976, the bank has supported South Korea’s export-led economy by providing loans, financing mega-projects, and facilitating economic cooperation with other countries.

Foreign banks from several countries have already opened representative offices in the country. Among them are Malayan Banking Berhad (Maybank), China’s Industrial and Commercial Bank and the Bank for Investment and Development of Vietnam.

Official figures show that most foreign banks that have entered Myanmar are from Asian countries. According to the Central Bank of Myanmar, foreign banks are so far not allowed to open any branches in the country.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

Myanmar has allowed the Export-Import Bank of Korea (Exim Bank) to open a representative office in Yangon, according to the Directorate of Investment and Company Administration. The bank registered  on December 18 to open its office. Established in 1976, the bank has supported South Korea’s export-led economy by providing loans, financing mega-projects, and facilitating economic cooperation with other countries. Foreign banks from several countries have already opened representative offices in the country. Among them are Malayan Banking Berhad (Maybank), China’s Industrial and Commercial Bank and the Bank for Investment and Development of Vietnam. Official figures show that most foreign banks...

Exim BankMyanmar has allowed the Export-Import Bank of Korea (Exim Bank) to open a representative office in Yangon, according to the Directorate of Investment and Company Administration. The bank registered  on December 18 to open its office.

Established in 1976, the bank has supported South Korea’s export-led economy by providing loans, financing mega-projects, and facilitating economic cooperation with other countries.

Foreign banks from several countries have already opened representative offices in the country. Among them are Malayan Banking Berhad (Maybank), China’s Industrial and Commercial Bank and the Bank for Investment and Development of Vietnam.

Official figures show that most foreign banks that have entered Myanmar are from Asian countries. According to the Central Bank of Myanmar, foreign banks are so far not allowed to open any branches in the country.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply