Central Bank governor meets officials of Myanmar banks association

Governor of Myanmar Central Bank U Than Nyein met the Myanmar Banks Association patron and chairman, chairpersons and vice-chairpersons of private banks and officials through videoconferencing yesterday morning.
The meeting was attended by the Governor of the Central Bank of Myanmar, Deputy-Governors U Win Thaw and Daw Than Than Swe, Patron of Myanmar Banks Association U Thein Tun and Chairman U Khin Maung Aye and the chairpersons of private banks, vice-chairpersons and officials.
At the meeting, the Governor of the Central Bank of Myanmar said more than 1,000 banks have been opened due to the cooperation between the central bank and private banks, adding that banks need to provide smooth services to gain the trust of the people and that the difficulties will be solved if the revenue flow is correct.
He called on banks to provide advice on current challenges and issues as the Central Bank of Myanmar is coordinating to facilitate the banking business.
The attendees presented matters related to resolving bank rumours spread outside, trust-building with the public by providing services and cooperation, solving the problems required to facilitate banking services, and meeting the financial needs.
The Governor of the Central Bank of Myanmar said unscrupulous people, with the intention of undermining public trust in banks, have been spreading false rumours that some banks will be shut down, which raised the public concern about saving money at the bank. They are withdrawing more money from banks than necessary.
The Central Bank of Myanmar is closely monitoring the routine operation of all banks and providing reliable services to all banks in accordance with the regulations. People can access banking services regularly without any worries. The Governor said these were announced on the website of the Central Bank of Myanmar on 7 April.
The Deputy-Governors of the Central Bank discussed matters related to the issuance of salaries of companies and factory workers by banks, facilitating public withdrawals and transfers, convenient payment and clearing systems to meet the cash needs of banks. The meeting also discussed the banking system’s coordination and the provision of good services by the banks.—MNA