IFC and Myanmar Citizens Bank Sign Agreement to Transform Banking in Myanmar

The International Finance Corporation (IFC), a member of the World Bank Group, signed an agreement with the Myanmar Citizens Bank (MCB) that will increase access to finance for businesses, smaller enterprises and individuals. Under the agreement, IFC will provide advice to MCB to undertake a project to transform its business operations, creating a secure foundation that will help support future prosperity in Myanmar. 

The project will be delivered over two years and will focus on optimizing products and channels; improving branch and sales networks; optimizing credit and risk management strategies as well as streamlining organizational management.