BTMU first to open its branch in Yangon
Shwedagon Pagoda, Yangon
BTMU's presence in Myanmar can be dated as far back as 1918 under Yokohama Specie Bank. In the late 1980s, when Myanmar first started to transit out of its closed-door policy, BTMU, under its precursor, Bank of Tokyo, was the first Japanese bank to re-enter the Myanmar market in 1995.
Now, after months of intensive preparation, BTMU again became the first foreign bank to commence its branch banking operations in Yangon, Myanmar on 22 April 2015.
Officiating the opening was the Governor of Central Bank of Myanmar, His Excellency U Kyaw Kyaw Maung, Ambassador Extraordinary and Plenipotentiary of Japan to Myanmar, His Excellency Mr Tateshi Higuchi, BTMU's CEO for Asia & Oceania, Mr Go Watanabe and General Manager of BTMU Yangon Branch, Mr Mitsuhiro Kimura.
From Left to Right: Mr Mitsuhiro Kimura, General Manager of BTMU Yangon Branch;
HE U Kyaw Kyaw Maung, Governor of Central Bank of Myanmar; Mr Go Watanabe, CEO for Asia & Oceania, BTMU;
and HE Mr Tateshi Higuchi, Japan Ambassador to Myanmar.
In his opening remarks, Mr Go Watanabe, said, “We recognized that this is just the beginning of a long journey. However, we are confident that together, we can help transform Myanmar's financial sector into one that is well-developed, and can effectively spur and drive sustainable economic growth. The new BTMU Yangon Branch will play a critical role in facilitating greater cross-border trade flows between Myanmar and the MUFG global network that spans more than 40 locations.”
BTMU Yangon Branch will offer full banking services, including deposits, loans, and foreign exchange, to foreign companies and domestic banks operating in Myanmar.
VIPs and guests at the BTMU Opening Ceremony on 22 April 2015
BTMU Helps Raise Myanmar's Banking Professionals' Competencies
To commemorate the opening of its first branch in Myanmar, BTMU will fund the development of a brand new learning centre at the Myanmar Institute of Banking (MIB), which is the training arm of the Myanmar Banks Association (MBA). The learning centre will be equipped with the latest computer equipment and training resources. It will be used to provide computer-literacy and language training programmes catered to the staff of MBA's member banks.
Accepting the gesture from Mr Mitsuhiro Kimura, General Manager of BTMU Yangon Branch was Dr. Sein Maung, Vice Chairman of Myanmar Banks Association.
BTMU Yangon Branch GM Mitsuhiro Kimura (Right) presenting our donation of a learning centre
to Dr Sein Maung (Left) Vice Chairman of Myanmar Banks Association.
BTMU Yangon Branch held its first client event
On 12 May 2015, BTMU Yangon Branch held its first reception for close to 100 clients and partners. Gracing the event was Mr Takashi Morimura, Deputy President and Chief Executive of Global Business Unit, BTMU.
At the reception, Mr Morimura said, “BTMU Yangon Branch wants to play a vital role in enhancing Myanmar's financial infrastructure by working closely with its domestic banks especially our strategic partner, CB Bank. Ultimately, it is through close collaboration and partnerships between BTMU and all our stakeholders, can we then effectively spur and drive sustainable economic growth for both Myanmar and Japan.”
Mr Takashi Morimura, Deputy President and Chief Executive of Global Business Unit, BTMU,
addressing our guests at the first BTMU Yangon branch customer reception.
June 05, 2015