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Traders dump the state banks

DagonKhan
in Myanmar General Chat

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Traders dump the state banks

Local businesspeople are shifting away from state-owned banks for international transfers because private banks are offering more convenient alternatives.

International payments had previously been restricted to state-owned Myanmar Investment and Commercial Bank (MICB) and Myanmar Foreign Trade Bank (MFTB), but beginning in early 2012 the private and semi-private banks are allowed to offer increasingly complex financing.

Continues here:- http://www.mmtimes.com/index.php/business/11579-traders-dump-the-state-banks.html

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