The Bank of Tokyo-Mitsubishi UFJ Ltd (BTMU) announced that it will fund the development of a learning centre at the Myanmar Institute of Banking (MIB), the training arm of the Myanmar Banks Association (MBA).
The Japanese bank said the learning centre will be equipped with the latest computer equipment and training resources, and the centre will be used to provide computer-literacy and language training programmes catered to the staff of MBA’s member banks.
The learning centre will be located within the premises of MIB and is expected to be ready by the second half of 2015, BTMU said.
Go Watanabe, chief executive officer for Asia & Oceania of BTMU, said, “In order to realise the vision for long-term mutual prosperity of Myanmar and Japan, it is important for the bank to support Myanmar as it embarks on its journey to build a strong and mature economy.
“This new learning centre marks the beginning of a mutually beneficial partnership between BTMU and Myanmar Banks Association in raising the overall competency of the workforce in the financial services sector. This I believe will help Myanmar to build a solid foundation for a more sustainable future growth.”
BTMU’s majority-owned banking subsidiary in Thailand, Bank of Ayudhya PCL (Krungsri), also opened its Yangon representative office recently.
BTMU said its Yangon branch will provide full banking services, including deposits, loans, and foreign exchange, to foreign companies and domestic banks operating in Myanmar.
Currently, BTMU Yangon branch has 30 staff.