AYA Bank encourages International best-practice for Myanmar’s Banking and Financial Sector
Nay Pyi Taw, Myanmar, 14 September 2017: Azeem Azimuddin, Chief Financial Officer and Advisor to Chairman joined industry peers to share the bank’s vision and perspective on Myanmar’s competitive financial landscape at Myanmar Global Investment Forum 2017. During the event in Nay Pyi Taw, Mr. Azimuddin discussed the tremendous potential for financial inclusion in Myanmar for banking and financial services and the positive impact this will have on Myanmar’s economy and its people.
Myanmar Investment Forum brought together local and international private banks, financial institutions, regulators, strategists, market analysts and decision makers from all levels of government to discuss and examine every aspect of the financial and investment environment ranging from regulatory issues to credit risks and digitalisation challenges
During his panel discussion, Azeem Azimuddin spoke of how Myanmar has come all the way from manual banking system to core banking system. He proceeded to outline that to achieve the financial inclusion, the industry would have to work together and support the regulatory bodies with internatinal best practices.
Speaking at the event, Mr. Azimuddin said: “AYA Bank is immensely proud and honoured to be the 2nd largest private bank in Myanmar in terms of Customer Deposits, Loans & Advances, Capital, Branches and Number of Customers in the short period of 7 years.We are dedicated to helping propel Myanmar forward economically while making a meaningful contribution and social impact through user friedly financial services access for all. We are committed to bringing the best of our international expertise to our operations in Myanmar as we bring next-generation and life-enriching services to the communities and people of Myanmar.”
He added: “We also thank Myanmar Investment Forum organised by Euromoney Conferences for giving us the opportunity to be a lead sponsor of this year’s event and allowing us to share our vision and perspective”
The investment forum, which took place on 12 and 13 September, was the high-level conference to unite Myanmar’s most influential banking, financial and investment executives with the international community and discussions focused on How to increase public confidence in banks and achieve financial inclusion, the impact of digitalisation in consumer banking, fixed lending interest rate and NPL ratio, the protection of banks from credit, the evaluation of the new Financial Institutional law, the support and collaborations for regulatory framework, the sustainability of state-owned banks and the help of banking sector for foreign investment in Myanmar.