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First foreign bank in decades opens in Myanmar

Central Bank governor describes opening of Japan's Bank of Tokyo-Mitsubishi UFJ in Yangon as a "new milestone"

BTMU said the Yangon branch would provide "full banking services, including deposits, loans, and foreign exchange, to foreign companies and domestic banks operating in Myanmar".


THE first foreign bank to operate in Myanmar for decades officially opened the doors of its Yangon branch on Wednesday, the latest government bid to attract foreign investment in the emergent nation.

Myanmar's quasi-civilian administration, which replaced a military regime