ComBank Expands Footprint in Myanmar with Microfinance Firm

CBC Myanmar will offer group loans and individual loans to customers who require microfinance facilities and plans to accept savings deposits from the general public with the approval of the regulator. 

The Commercial Bank of Ceylon has opened a microfinance company as its second subsidiary in Myanmar, two years after opening a representative office in Yangon that offers advisory services, banking, funds transfer and encashment services to Sri Lankan and Bangladeshi businesses operating in the country.