14 Feb 2019
MYANMAR: Overseas Investors Allowed to Hold Maximum 35% Stake in Local Banks
Overseas investors are to be permitted to hold a stake of up to 35% in any of the country’s licenced local banks. The move, endorsed by the Central Bank of Myanmar (CBM), is in line with the new Companies Law, which allows non-local financiers to own a 35% stake in any Myanmar-registered business. Unlike the majority of such arrangements, however, any overseas investment in one of the country’s banks/financial institutions will be subject to prior approval by the CBM.