Monday, January 7, 2013

Standard Chartered back in Burma

Monday, 07 January 2013 16:06 Mizzima News    

Standard Chartered Bank announced on Monday that it had received a license from the Central Bank of Myanmar to re-open a representative office in Rangoon, according to a report in India’s Business Standard.

The re-entry will make the British multinational bank the only major international bank operating in all 10 ASEAN markets, the report said.

First operating a branch office in 1862, the bank reportedly said it plans to re-open in February.

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