Thursday September 20, 2018

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)


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