Myanmar will start credit bureau service in 2019 in a bid to develop the country’s financial sector, the official Global New Light of Myanmar reported on previous week.

“Once the credit bureau service starts, businessmen or small and medium enterprises, which have proven their accountability, will receive loans easily, quickly and comfortably, U Zaw Lin Aung, executive director of the private giant bank, Kanbawza, and Chairman of the Myanmar Credit Bureau Ltd (MCBL) was quoted as saying.

Local loans will be easily accessible and the service will enable better access to credit, he added.

Source: Xinhua

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