• Service: Advisory
  • Industry: Financial Services, Banking
  • Type: Business and industry issue
  • Date: 12/3/2013

The Banking & Financial Services Sector in Myanmar 

This report on Myanmar’s banking and financial services sector is based on our insights into the country garnered from various engagements, primary research from interviews, as well as secondary research in the form of market intelligence.
The financial services sector in Myanmar has achieved important milestones in the last 18 months. The country has dramatically reduced the quantum of sovereign debt and streamlined the micro-finance sector through the enactment of new laws. Local banks are expanding rapidly and new services such as foreign currency accounts are now available. Yet, the banking sector in Myanmar needs to modernise further. Their information technology infrastructure, accounting and reporting practices, and talent pool must be quickly upgraded.