ANZ gets green light to open in Myanmar

June 26, 2013 | 17:00

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ANZ has got the thumbs up to open a representative office in Myanmar.

“Our new Myanmar representative office further strengthens ANZ’s ability to connect customers across our super regional network. ANZ is now clearly the best connected bank for customers across the Greater Mekong,” ANZ chief executive officer Asia-Pacific Gilles Planté said.

“ANZ's representative office in Myanmar is the first point of contact for customers interested in doing business in Myanmar, and for businesses in Myanmar looking for opportunities in the 33 markets where ANZ operates across Asia-Pacific, Australia, New Zealand, Europe, America and the Middle East,” he added.

Rajesh Ahuja, ANZ's group representative in Myanmar, would leverage ANZ's global capabilities to ensure the bank make a positive contribution to the economic modernisation and development of Myanmar’s nascent financial markets.

Last December, ANZ became the first Australian bank, and the first OECD bank outside of Japan, to receive approval to establish a presence in Myanmar after the lifting of international sanctions in 2012. ANZ continues to be committed to complying with all requirements related to ongoing sanctions.

By By Ngoc Linh

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