A group of four men robbed a bank in Sittwe, capital of Myanmar's Rakhine state on Wednesday, a military spokesperson told Xinhua.

The armed men threatened bank staff with knives and took about 180 million kyats (128,571 U.S. dollars) at a branch of Kanbawza (KBZ) bank in Sittwe according to a release by the Military True News Information Team.

Further investigations are being carried out, the report said.