Mobile wallets boom as pandemic burns on

The second wave of COVID-19 shows no signs of slowing, and continues to deal blow after blow to the economy. This week, KBZ Bank announced that it would temporarily close 51 of its Yangon branches, leaving only 92 open as the city remains under tight

KBZ Bank sues Yangon port for USD 220 million

KBZ Bank has filed suit against the owner of Myanmar Industrial Port over what could be the largest loan default in Myanmar history. KBZ is suing tycoon U Ko Ko Htoo and his company for unpaid debt totaling more than USD 220 million, reported Frontie
Myanmar's KBZ Bank hires legal powerhouse Williams & Connolly after UN implicates holding company

KBZ Bank hires American law firm after UN accusations

According to a CNBC report, Kanbawza Bank (KBZ) is seeking counsel from a US-based law firm after it was named in a recent UN report calling for broad sanctions against military-affiliated companies. KBZ hired the law firm Williams & Connolly for