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Maybank opens Myanmar operations

Malaysian bank Malayan Banking has launched its Myanmar operations offering transaction banking, corporate lending and treasury services. The bank said this was part of its objective to establish itself as a leading cross-border bank in Myanmar. The bank has set up a branch in Yangon, which has a registered capital of $75 million. Myanmar Central Bank deputy governor U Set Aung and Bank Negara Malaysia deputy governor Datuk Muhammad Ibrahim declared the branch open. Maybank is one of the top four banking groups in market values and assets in Asean.

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