Singapore-based United Overseas Bank Group (UOB) has recently hosted a group of Myanmar bankers to its head offices in Singapore and Thailand for a training programme on banking and finance.
The delegation from Myanmar comprised mid- to senior-level bankers from 17 Myanmar banks.
The training programme is the latest knowledge-sharing initiative organised by UOB in preparation for the bank’s first banking branch in Myanmar. UOB was one of nine foreign banks to receive a foreign banking licence from the Central Bank of Myanmar in October last year.
Ian Wong, managing director and head of international, UOB Group, said the pace of Myanmar’s economic growth will depend on its ability to attract sustainable foreign direct investments and to develop the country’s financial services.
“As UOB has a long history of helping companies invest and expand across Asia, we would like to share this experience with the bankers in Myanmar who are playing key roles in driving economic development in the country.”
U Myint Win, managing director of Myanmar Citizen Bank, who attended the training programme in Singapore, said, “A strong and resilient banking sector is important to Myanmar’s economic development so it is pertinent that resources and attention are put into developing knowledge and expertise in this area.”
Over the last two years, UOB organised 10 knowledge-sharing seminars for Myanmar’s bankers, regulators and the local business community, covering topics from international trade to cash management, the bank said.