Local private bank United Amara Bank (UAB) is going to provide loans for fishery exporters in a bid to boost the marine industry, the bank announced.
The bank will also provide loans for other export industries also.
“If fishery entrepreneurs can present documents showing their possession of aquaculture ponds, UAB will grant line of credit. Priority will be given to exporters, and capital for commodity will also be provided,” U Saw Naung, a marine products exporter, said.
“Exports will play a great role in building Myanmar’s economic future. But sometimes exporters find it hard to finance themselves. UAB’s prioritised loans for exporters will surely fill the gap in export financing to some extent,” U Saw Naung added.
