Kanbawza Bank is crowned with “Best Bank in Myanmar” award by London-based Finance Asia.
Kanbawza Bank was named “Best Bank in Myanmar” by London-based Finance Asia at the awards ceremony of “The Finance Asia: Country Awards for Achievement 2016” held in Singapore yesterday.
Organisers said KBZ Bank won the award because it had the highest amount of deposits in the 2015-2016 fiscal year, provided businesses with highest number of loans, assisted the quick development of country’s economy, achieved the highest number of bank branches in the country, gained achievements year by year with modern banking services meeting international standards, became the largest taxpayer for several consecutive years and earned plaudits for its efforts at nationwide corporate social responsibility in the 2015-2016 fiscal year. At the presentation ceremony, Assistant General Managers U Zaw Win and Daw Thi Thi Aye of the KBZ Bank Ltd accepted the award. Along with KBZ Bank, ICBC Bank from China, ICICI Bank from India, BUSAN Bank from South Korea, CIMB Bank from Malaysia, DBS Bank from Singapore and Kasikorn Bank from Thailand were also given awards.
London-based Finance Asia is an influential institution in the banking and economic sector that evaluates financial institutions and present awards to them.
Finance Asia also routinely conducts forums and conferences on finance and investment in regional countries in order to promote the monetary sector.
KBZ Bank has achieved several awards for banking awarded by international institutions from 2013 to 2016.
KBZ Bank also won the Best Bank in Myanmar-2016 presented by London-based Euromoney, winning the prize for three consecutive years.