COMBank gets microfinance license in Myanmar

Tuesday, 20 February 2018 00:36 -     - {{hitsCtrl.values.hits}}

Commercial Bank PLC yesterday announced it has obtained an Operation License to carry out microfinance business in Myanmar.

The approval is for CBC Myanmar Microfinance Ltd., a fully owned subsidiary of Commercial Bank. The license is to operate in Myanmar as a Non-Saving Deposit Organisation issued by the Myanmar Microfinance Supervisory Enterprise.

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