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Japan’s three megabanks won to get first license to operate in Myanmar

| Business Development | 10/08/2014

Myanmar hopes foreign banks will help modernize its financial sector.

Japanese banks win big in Myanmar
Date: Oct 9, 2014
Source: Nikkei Asian Review – by GWEN ROBINSON, Senior Asia editor, Nikkei Asian Review

BANGKOK — After months of speculation, Myanmar on Oct. 1 awarded banking licenses to nine foreign financial institutions, including the three biggest Japanese banks and Australia and New Zealand Banking Group.

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