Malayan Banking Bhd’s (Maybank) Myanmar operations, which were launched today, aimed to focus on transaction banking, corporate lending and treasury services as part of its objective to establish itself as a leading cross-border bank in Myanmar.
In a statement today, the bank said its Yangon branch, which has a registered capital of US$75 million (US$1 = RM4.40), was officiated by Central Bank Myanmar Deputy Governor U Set Aung and Bank Negara Malaysia Deputy Governor Datuk Muhammad Ibrahim.