ANZ wins final approvals to open in Myanmar

ANZ joins other financial institutions queuing up to tap into Myanmar’s nascent but fast-growing financial markets. However, the rush into the emerging market poses serious operational risks.

ANZ wins final approvals to open in Myanmar
ANZ became the first Australian bank to win approval in Myanmar last December

ANZ has officially opened a representative office in Myanmar, which is emerging from years of military dictatorship, after receiving the government’s final approval.

The move comes as financial institutions from around the world are studying how they can tap into the development of Myanmar’s nascent financial markets.

Some have already expressed interest in setting up or have already taken steps to provide financial services to the Southeast Asian country’s growing population of...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES