• Burmese
Tuesday, July 8, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
26 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home Business

German Firm to Advise Central Bank of Myanmar on Licensing Foreign Lenders

The Irrawaddy by The Irrawaddy
August 21, 2019
in Business
Reading Time: 2 mins read
0 0
A A
German Firm to Advise Central Bank of Myanmar on Licensing Foreign Lenders / The Irrawaddy

German Firm to Advise Central Bank of Myanmar on Licensing Foreign Lenders / The Irrawaddy

7.3k
VIEWS
Share on FacebookShare on Twitter

YANGON—Amid the ongoing liberalization of Myanmar’s financial sector, the central bank has hired a German consulting firm to provide advisory services on the process of awarding licenses to foreign banks looking to do business here.

The Central Bank of Myanmar (CBM) announced on Tuesday that Germany’s Roland Berger Company Limited was chosen from among four consultancy firms that submitted Requests for Proposal (RFPs).

Roland Berger Co. was founded in 1967. It has worked in 36 countries, advising clients on strategy development, performance improvement and other management issues, according to its website.

RelatedPosts

Pope Francis Dead at 88

Pope Francis Dead at 88

April 21, 2025
293
Does USAID’s Dismantling Mark a Shift From Democracy to Debt?

Does USAID’s Dismantling Mark a Shift From Democracy to Debt?

March 25, 2025
1.5k
Nine Women Loyalists of Myanmar’s Military Regime

Nine Women Loyalists of Myanmar’s Military Regime

March 18, 2025
4.1k

The CBM said Roland Berger Co. won the highest score based on a set of 15 criteria including consultancy fees, payment terms, professional background, experience and the academic qualifications of team members.

As part of the financial sector reforms, Myanmar last year started working on plans to welcome more foreign banks into the local market.

Union Minister of Planning and Finance (MOPF) U Soe Win told the media in July that the government will allow foreign banks and insurers to provide retail banking services in the domestic market in the coming year.

In May, the CBM sought assistance from eight firms to send RFPs for the consultancy position. In June, Deloitte Touche Myanmar Vigour Advisory Limited, PricewaterhouseCoopers (PWC) Myanmar Co. Ltd, EY UTW Advisory Limited and Roland Berger Co. Ltd. submitted requests to the CBM.

Last November, the CBM allowed foreign banks to provide import financing and to extend loans to local companies and provide other banking services, opening up a new source of funding to local corporates. Previously, international branches were only allowed to finance foreign companies operating in Myanmar.

In January, MOPF opened up the insurance market to foreign companies wishing to operate life and non-life insurance businesses in Myanmar.

Currently, branches of 13 international banks from China, Japan, Singapore, India, Malaysia and Vietnam are listed with the Central Bank, while 49 other banks have representative offices here.

You May Also Like This Story:

Laxer Rules of Foreign Banks to Spur Trade, Central Bank Says

Your Thoughts …
Tags: BankingCBMconsultancyFinanceliberalizationlicenseReformRFPs
The Irrawaddy

The Irrawaddy

...

Similar Picks:

Cut Off Myanmar Junta’s Financial Lifelines, Experts Urge
Myanmar’s Crisis & the World

Cut Off Myanmar Junta’s Financial Lifelines, Experts Urge

by The Irrawaddy
February 11, 2025
16.3k

The world must do more to slam shut the junta’s coffers with smartly targeted sanctions against the banks and businesses...

Read moreDetails
Myanmar Junta Enforces Rule Requiring Migrant Workers to Remit 25% of Pay
Burma

Myanmar Junta Enforces Rule Requiring Migrant Workers to Remit 25% of Pay

by The Irrawaddy
August 5, 2024
15.1k

Those working in Thailand under a govt-to-govt scheme who fail to remit 25% of their pay via the formal banking...

Read moreDetails
Myanmar Junta Detains S’pore-Listed Yoma Strategic Holdings’ Chairman Serge Pun
Junta Cronies

Myanmar Junta Detains S’pore-Listed Yoma Strategic Holdings’ Chairman Serge Pun

by Hein Htoo Zan
July 10, 2024
13k

The junta crony and Yoma Bank head is being held and questioned in Naypyitaw, sources said. He was earlier questioned...

Read moreDetails
Detained Myanmar Crony Serge Pun Steps Down From Singapore-Listed Firms
Junta Cronies

Detained Myanmar Crony Serge Pun Steps Down From Singapore-Listed Firms

by Hein Htoo Zan
July 25, 2024
9.5k

The 71-year-old resigned from his 105 Yoma-linked firms while he remains under junta interrogation over allegations that his bank added...

Read moreDetails
Myanmar Regime Runs Low on Dollars, Increasing Fuel Prices
Business

Myanmar Regime Runs Low on Dollars, Increasing Fuel Prices

by The Irrawaddy
December 4, 2023
6.8k

The junta’s Central Bank of Myanmar can no longer afford to offer fuel importers its official exchange rate of 2,100...

Read moreDetails
Myanmar’s Junta Is Funding Its War Through Forex Scams, Economists Say
Burma

Myanmar’s Junta Is Funding Its War Through Forex Scams, Economists Say

by Vincent MacIsaac
August 20, 2024
6.5k

Forcing foreign currency conversion rates that vastly overvalue the kyat is delivering a windfall to the cash-strapped junta.

Read moreDetails
Load More
Next Post
Myanmar Army troops stand in front of the Goke Twin Police Station in Shan State after a recent attack on the station by an alliance of ethnic armed groups. / Zaw Zaw / The Irrawaddy

Ethnic Alliance Says 30 Myanmar Army Troops Killed in Northern Shan

ocial service workers carry the bodies of the militia leader and his wife. / Pradeep Basnate

Militia Leader, Wife Dead in Alleged Rebel Attack in Northeast Myanmar

No Result
View All Result

Recommended

Myanmar Regime Leader Rejects World Bank Economic Forecast as Inaccurate

Myanmar Regime Leader Rejects World Bank Economic Forecast as Inaccurate

5 days ago
1.5k
From Foreign Policy Drift to Diplomatic Freefall in Myanmar

From Foreign Policy Drift to Diplomatic Freefall in Myanmar

1 week ago
2.2k

Most Read

  • Myanmar Junta Starves Last Rakhine Strongholds as AA Closes In

    Myanmar Junta Starves Last Rakhine Strongholds as AA Closes In

    shares
    Share 0 Tweet 0
  • Timor-Leste Hits Back at Myanmar Junta’s Objection to ASEAN Membership

    shares
    Share 0 Tweet 0
  • TNLA Defies Myanmar Junta Push to Cede Shan Towns in China Talks  

    shares
    Share 0 Tweet 0
  • Myanmar People Skeptical of Junta’s Promises of Election, Peace

    shares
    Share 0 Tweet 0
  • Myanmar’s Civilian Govt Rebuffs Junta’s Appeal for ‘Cooperation’

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.