Kanbawza Bank, aka KBZ, has become the first Myanmar bank to launch overseas, opening an office in Bangkok.
The office will serve Myanmar nationals and Thailand-based businesses with financial and advisory services, the Bangkok Post reports.
KBZ secured a license to open the office from the Bank of Thailand earlier this year. It recently signed off on similar agreement with Singapore.
“Naturally, Thai businesses are interested in entering Myanmar,” said Than Cho, senior managing director of KBZ Bank.
“We hope they take advantage of our extensive knowledge of Myanmar’s financial markets and join the growing bilateral trade between our two countries.”
