A repurchase agreement (repo) is a form of short-term borrowing for a dealer in government securities. The dealer sells the government securities to a counter-party, usually for a short term and buys it back on an agreed date.  For the party selling the security, and agreeing to repurchase it in the future, it is a repo; for the party on the other end of the transaction, buying the security and agreeing to sell in the future, it is a reverse repurchase agreement This first trade of MMK-1B for overnight and the first trade of MMK-500M for (1) week was entered...

KANBAWZA Bank (KBZ Bank) Limited, part of the KBZ Group of companies, announced yesterday that it has opened a USD settlement account with international bank Sumitomo Mitsui Banking Corporation’s New York branch (SMBC New York), to offer streamlined remittance services that enable faster, more convenient trade financing and transactions between Myanmar and the United States, it was announced yesterday at a news conference. Mr. Nobuyasu Akagi, General Manager of SMBC Yangon and U Win Lwin, Managing Director of the International Banking Division of KBZ Bank, delivered opening addresses and replied to questions raised by the media. The arrangement allows KBZ...

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.

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...

KBZ Bank has great news for our currency exchange customers! We’ve just received approval from Central Bank of Myanmar to start the currency exchange on Thai Currency (Baht). We will regularly update the Thai currency exchange rate in our Facebook and Website in future so please check our FB page regularly. The following KBZ Bank branches and exchange counters have already starting the Thai currency exchange and are at your service: (1) Yangon Airport (Arrival) Exchange Counter (2) Yangon Airport (Departure) Exchange Counter (3) Strand Square Office Branch Exchange Counter (4) Kyun Taw Lan Branch Exchange Counter (Junction Square) (5)...