KANBAWZA Bank (KBZ) has been named Bank of the Year in Myanmar 2016, a title it has held for four consecutive years.
Bank Chairman U Aung Ko Win accepted the award at the Banker Awards 2016 ceremony held at the Hilton London Bankside Hotel in London on 7th December. The title is bestowed annually by the Financial Times, the well-known business journal based in London.
Awards for the best banking services were won by banks from 149 countries including Bank of America in the United States, China Merchant Bank in China, Mitsubishi UFJ Financial Group in Japan, Lloyds Banking Group in England, DBS Bank in Singapore and Bangkok Bank in Thailand.
The ING Group in the Netherlands was crowned Global Bank of the Year 2016 at the ceremony. The Financial Times awards the prizes based on set criteria against which data concerning banking services collected by reporters and the media are measured.
This year’s award comes at the time when the Financial Times, which was founded in 1926, celebrates its 90th birthday. KBZ Bank was chosen as the winner for its important role in improvement of the economy of Myanmar, being the most reliable bank for the people in Myanmar, achievements in improving banking services and system efficiency, the establish
ment of ATM machines and bank branches nationwide, owning a large share of the market, making a large number of loans to businesses, showing higher income and profits, the improvement of the calibre of its staff, the use of modern equipment, connectivity with other international banks and being number one on the country’s tax -paying list for four years consecutively and taking a leading role in philanthropic works in the country.
KBZ Bank was also crowned with the title of “Best Bank in Myanmar” by the London -based publication Euromoney on 14th July, 2016, “Best Bank in Myanmar” by Finance Asia on 1st September and “World Quality Commitment” by Spain -based Business Initiative Directions in 2016.