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OCBC branch in Yangon starts operations

OCBC Bank has taken a key step forward into the large untapped Myanmar market with its Yangon branch commencing operations yesterday. It is one of the first three foreign banks to have won final regulatory approval from the Central Bank of Myanmar, along with Sumitomo Mitsui Banking Corp and Bank of Tokyo-Mitsubishi. Sumitomo Mitsui opened its doors yesterday as well, while Bank of...


OCBC sees Myanmar as catalyst for growth

SingaporeOVERSEA-CHINESE Banking Corporation (OCBC) sees its fresh expansion into Myanmar as a catalyst for growth in its commercial banking business - not just from within the emerging country, but as Myanmar sparks renewed optimism over Asean and efforts in regional integration.But this comes as foreign banks are expected to collaborate in spurring on significant reforms in the domestic...


SE-Asia heading in right direction: Credit Suisse

DESPITE the volatile economic environment, South-east Asia is likely to keep growing on the back of continued foreign investment, trade agreements and a youthful workforce, said a senior executive of Swiss bank Credit Suisse.South-east Asia can build on its recent record of robust economic growth averaging 6 per cent annually from 2010-2014, said Eric Varvel, chairman, Asia-Pacific and the Middle...


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