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NEWS -Myanmar Calls for Better Bank
- Subject: NEWS -Myanmar Calls for Better Bank
- From: BurmaJapan@xxxxxxx
- Date: Tue, 25 Nov 1997 13:38:00
Myanmar Calls for Better Bank Services to Customers
YANGON (Nov. 25) XINHUA - A senior
Myanmar finance official has called for
giving better services to the customers,
stressing the importance of banks' role in
the country's economic progress and
public confidence in banks.
While meeting with officials of
state-owned banks here Monday, Minister
for Finance and Revenue Brigadier
General Win Tin called for improving
dealing with the public and avoiding delay
in depositing and drawing.
The minister also urged bank staffs to
keep money safe and avoid malpractice
and bad dealing with customers, citing
some complaints by the public about
cases at some state-owned banks, official
newspaper The New Light of Myanmar
Win Tin warned that severe action will be
taken against those who are responsible
for bad practices.
According to official statistics, there are six
state-run banks in Myanmar, and 25
private banks have been added since the
country reformed its financial
management system in line with the
market-oriented economy introduced in
the late 1980s.
A total of 48 representative offices of
foreign banks have been set up in the
country, and some of them plan to
establish joint ventures with local banks in
light of Myanmar's entry into the second
phase of its financial reform.