The Roland Berger Company Limited has been chosen to provide consultation services for the selection of foreign banks, under the third wave of economic liberalization in Myanmar, according to an announcement by the Central Bank of Myanmar (CBM), state media reported.

Four firms out of eight consulting subsidiaries in Myanmar had submitted Requests For Proposal (RFPs) to provide consultation services for the selection of foreign banks. The RFPs were invited as the CBM is moving forward with the liberalization process.

Following the announcement inviting RFPs, Deloitte Touche Myanmar Vigour Advisory Limited, Price WaterhouseCoopers (PWC) Myanmar Co. Ltd, EY UTW Advisory Limited, and Roland Berger Co. Ltd submitted their requests for proposal to the Foreign Bank Selection Group on 24 June. Roland Berger was selected as it earned more points in the 15-point criteria set by the Foreign Bank Selection Group, according to the sixth meeting of the Group, held on 9 August.