ICBC opens branch in Yangon

09 September 2015
ICBC opens branch in Yangon
President of Industrial and Commercial Bank of China (ICBC) Yi Huiman (1st L) and other guests attend the opening ceremony of an ICBC branch in Yangon, Myanmar on September 8, 2015. Photo: Chinese Embassy in Myanmar

China's Industrial and Commercial Bank of China (ICBC) formally opened its branch in Yangon Tuesday, becoming the first Chinese commercial bank operating in Myanmar Xinhua reported on 8 September.
ICBC also signed an agreement with Yoma Bank on facilitation of the direct flow of trade-related funds between Myanmar and China the report said quoting a press release from Yoma Bank.