Global Trade Alert
Global Trade Alert

Myanmar: Foreign banks allowed to invest in local private banks

Announcement

29 Jan 2019

Foreign banks have been allowed to invest up to 35% of the equity in local private banks.

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

29 Jan 2019

Revocation date:

No revocation date

Updated: 29 Jan 2019
FDI: Entry and ownership rule In force

On 29 January 2019, the Central Bank of Myanmar through Circular 1/2019 allowed foreign banks and financial institutions to invest in domestic private banks up to 35% of the equity of the...

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