Thai Kasikorn Bank sends investment proposal to A Bank

Officials of the K Bank and A Bank present their investment proposals to the Governor of CBM. Photo: MNA
Officials of the K Bank and A Bank present their investment proposals to the Governor of CBM. Photo: MNA

Thailand-based Kasikorn Bank (K Bank) conferred an investment proposal to Ayeyawady Farmers Development Bank (A Bank) at Zabuthiri Hall of the Central Bank of Myanmar yesterday morning.
Present at the ceremony were CBM Governor U Kyaw Kyaw Maung, deputy governors and directors-general, Thai Ambassador Mrs Suphatra Srimaitreephithak, Assistant Governor Mrs Nawaron Dejusuvan from Thailand’s Central Bank, and officials from A Bank and K Bank.
During the ceremony, they discussed opportunities for cooperation between the banking sectors of both countries in developing Myanmar’s economy, current processes between A Bank and K Bank to implement equity participation from K Bank into A Bank, and then the investment proposals were submitted to CBM.—MNA (Translated by Zaw Htet Oo)

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