ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

StanChart's surprise exit from Myanmar bank license process raises questions

 (placeholder image)
Several international players have unexpectedly pulled out of Myanmar's bank-licensing process, which is being overseen by the country's central bank.   © Reuters

A last-minute decision by Standard Chartered Bank of the U.K. and a number of Asian banks to abandon plans to apply for the first wave of foreign branch licenses in Myanmar by the July 14 deadline has caught local officials off guard and raised questions among regional bankers about internal issues at StanChart.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more