Juroku, Myanmar banks tie up

Kyodo

Juroku Bank said Tuesday it has tied up with Ayeyarwady Bank, a major private concern in Myanmar, in the first such arrangement between a Japanese regional lender and a Myanmar financial institution to help Japanese companies set up in the country.

Under the agreement, Juroku Bank, based in Gifu, will provide its client companies with information about the business environment and the legal system in Myanmar.

Ayeyarwady, which was founded in August 2010, has capital equivalent to about ¥24.2 billion and runs 28 offices.