Myanmar launched its first Credit Bureau to help support financial institutions and consumers in Myanmar

Credit Bureau Asia (CBA) on Wednesday (Dec 30) launched Myanmar's first credit bureau, The Straits Times reported.

The bureau is a 60:40 joint venture between MB Investment, a company formed by members of the Myanmar Banks Association, and CBA's wholly-owned subsidiary NSP Asia Investment Holding.

The new Myanmar Credit Bureau will support financial institutions and consumers in Myanmar by implementing a credit reporting system to promote responsible lending, CBA said in a news release.

(Mizzima: http://mizzima.com/article/myanmars-first-credit-bureau-launched )

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