OCBC Yangon branch celebrates second anniversary

MORE than 1,000 bankers in Myanmar have benefited from the training sessions coordinated by Singapore's OCBC Bank's branch in Yangon, as the branch commemorated its second anniversary of operations.

OCBC's Yangon branch celebrated its second anniversary with a dinner held at the Melia Yangon Hotel on July 3. More than 200 people attended the dinner.

Samuel Tsien, OCBC's group chief executive officer, said that the group has been helping Myanmar's financial sector grow in the hopes of contributing to the country's long-term economic growth.

"We have been collaborating with the local banks in the areas of training and capability-building. Since 2014, we have provided training and coordinated study trips to over 1,000 bankers from state and private banks," he said.

OCBC was one of the first three foreign banks to be awarded a banking licence in Myanmar. OCBC Yangon branch commenced operations in April 2015.

The branch offers banking services including cash management, project financing, working capital financing and trade finance, as well as treasury and capital markets advisory and services to foreign companies and joint ventures, as well as domestic banks in Myanmar.

It was also among the first foreign banks to offer Internet banking facilities to corporate customers in Myanmar.