Standard Chartered Bank recently reopened its representative office in Yangon as the only major international bank.

StanChart has banking operation in 10 ASEAN (Association of South East Association Nations) markets, said a press release.

The Bank believes it can play a key role in helping Myanmar to re-integrate into the global business community by acting as a catalyst for trade and providing technical assistance to support the country in developing a strong and vibrant financial sector.

Peter Sands, Chief Executive of Standard Chartered Bank group said “The growth of local economies in South East Asia is driving trade and economic success across the region.

We believe our presence will help our global network of Wholesale Banking clients to tap into these opportunities, and contribute to Myanmar’s efforts to grow in a sustainable manner.”

The representative office is located at Centrepoint Towers at the intersection of Sule Pagoda Road and Merchant Road and will be headed by Tina Singhsacha, StanChart Country Head for Myanmar.