Professional Documents
Culture Documents
01/09/17
Sr
No.
Bank Name
1.
2.
3.
4.
5.
6.
7.
8.
Mizuho Bank
Australia and New Zeland Banking Group
Limited (ANZ)
9.
10.
Home Country
Date of License
Issued
Date of business
Commencement
Japan
2-4-2015
22-4-2015
2-4-2015
23-4-2015
Japan
2-4-2015
23-4-2015
Singapore
Thailand
30-4-2015
26-5-2015
4-5-2015
2-6-2015
China
26-5-2015
1-7-2015
Malaysia
27-7-2015
3-8-2015
Japan
27-7-2015
3-8-2015
Australia
29-9-2015
2-10-2015
Vietnam
30-6-2016
1-7-2016
India
Taiwan
India
15-9-2016
20-9-201
Singapore
Source: CBM
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Challenges to CBM
In 2016, the CBM has enacted the Banks and Financial Institutions
Law (BFIL) which is the basis for upgrading prudential regulations
further.
At the same time, the CBM faces a steep learning curve to move
from compliance-based to risk-based bank supervision.
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Name of Bank
Name of Bank
Date of License
Issued
25.5.1992
Co-operative Bank
3.8.1992
Yadanarbon Bank
27.8.1992
Myawaddy Bank
1.1.1993
19.3.1993
12.1.1996
26.6.1996
Innwa Bank
15.5.1997
2.7.2013
10
12.7.2013
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Name of Bank
License Issued
25.5.1992
Yoma Bank
26.7.1993
26.7.1993
17.3.1994
8.6.1994
Kanbawza Bank
8.6.1994
9.2.1996
2.7.2010
Ayeyarwaddy Bank
2.7.2010
10
2.7.2010
11
2.7.2010
12
28.2.2013
13
28-7-2014
14
17-11-2015
10
11
12
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13
14
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15
16
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1. Banking Competition
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2. Financial Development
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3. Financial Stability
Foreign banks presence has negative impact for
financial stability such as
increasing the risk of financial markets,
increase of foreign exchange rate and etc.
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23
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April
965
1094
May
968
1141
June
981
1270
July
976
1280
August
973
1305
September
995
1298
October
1012
1292
November
1080
1305
December
1055
1312
January
1040
1310
February
1044
1291
1089
1239
Month
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Source: CBM
March
25
Findings
There are many positive and negative influences of foreign
banks entrance on the domestic banking industry. The
positive and negative impacts are summarized as follows.
The positive impacts include
Increase in the countrys banking sectors capitalization
Increase in the host countrys banking sectors efficiency
due to the import of new banking technologies, products
and management techniques.
Increase in bank competition.
broadening of financial service networks by establishing
new branches, ATMs and POSs.
Financial markets development.
Improvement of the financial sectors infrastructure due to
the import of the banks experience of rendering high
quality services, the banks know-how, accounting
practices, etc.
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professionals
from
27
Recommendations
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Conclusions
The entry of foreign banks in Myanmar has the potential to bring large
benefits to the country, but the rapid pace of entry also poses
challenges to maintaining financial stability.
The entry of the foreign banks provides an unprecedented opportunity
to develop a modern banking sector through introduction of new
financial products and risk management techniques, and lending by
foreign banks could become an important source of funding for private
sector development.
This requires a sound regulatory framework and strong capacity of
supervision.
Consolidation of the banking sector is likely necessary but this process
should occur in a way that does not lead to a loss in confidence or
financial stability.
Domestic banks should seriously learn from the comparative
advantages of foreign banks and exert their own advantages in order
to promote the development of Myanmar's banking industry, so as to
service for Myanmar's economic development.
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Thank You
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