ANZ has operated in Myanmar since 2015, and has a small local team focused on supporting the onshore and cross-border needs of multinational companies, which includes services such as facilitating payroll
Entrance to ANZ Bank Tower on Lambton Quay, Wellington, New Zealand. (Credit: Pear285/Wikipedia)
Due to increasing operational complexity over the past several months, the Bank has been working with its Institutional customers to transition to alternative banking arrangements.
ANZ Managing Director, International, Simon Ireland said: “The decision follows careful consideration of the local operating conditions. We thank the team for working tirelessly to support our customers during this time.
“Our international network and supporting the trade and capital flows of our customers around the region is a critical part of our strategy, and will continue to be for the long term,” Mr Ireland said.
ANZ has operated in Myanmar since 2015, and has a small local team focused on supporting the onshore and cross-border needs of multinational companies, which includes services such as facilitating payroll.
Source: Company Press Release