You are here

For foreign lenders, Myanmar is no zero-sum game

The international banks must partner one another to set up club loans that enable them to share the risk of borrowers' default

347868846.jpg
A man is reflected on a sign outside a branch of Sumitomo Mitsui Banking Corporation in Tokyo on July 30, 2014. A foreign bank setting up a branch in Yangon must take its first step together with eight other lenders, all eager to tap a country that has been in isolation for more than 50 years.

Singapore

A FOREIGN bank setting up a branch in Yangon must take its first step together with eight other lenders, all eager to tap a country that has been in isolation for more than 50 years.

But international lenders noted that cooperation, not direct competition, will serve the...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes