Sri Lanka's LB Finance get nod for Myanmar unit
Oct 21, 2017 18:20 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka's LB Finance Plc, a publicly traded licensed non-bank lender said it will set up a 99 percent unit in Myanmar.
LB Microfinance Myanmar Company Limited had been issued a license to operate in the Bago region, the firm said in a stock exchange filing.
LB Microfinance Myanmar is a 99 percent owned unit.
The company plans to start operations before March 31, 2018, the firm said. (Colombo/Oct21/2017)