KBZ Bank Wins Big at the Asian Banking & Finance Awards 2019
KBZ Bank, Myanmar’s largest private bank, has been recognized for excellence within the banking industry at the Asian Banking and Finance (ABF) Awards ceremony, held on 18 July 2019 in Singapore. The bank was awarded multiple accolades at the 14th ABF Retail Banking Awards – the Financial Inclusion Initiative of the Year – Myanmar and Mobile Banking Initiative of the Year. Held concurrently was the 8th ABF Wholesale Banking Awards which saw KBZ Bank awarded the Myanmar Domestic Trade Finance Bank of the Year.
Asian Banking and Finance, Asia’s leading financial publication, annually recognizes the most outstanding practices and innovative strategies in the region’s wholesale and retail banking sectors.
Photo Source – www.kbzbank.com
The three accolades presented to KBZ Bank at the ABF Awards 2019 serve as an acknowledgment for the progress it has achieved towards helping Myanmar achieve 100% financial inclusion and greater connectivity with the introduction of KBZPay and enabling best-in-class results for clients with the successful launch of four new trade finance products.
Said U Soe Ko Ko, Head of Agent Banking, KBZPay, who received the ABF Awards on behalf of KBZ Bank, “It is an honor for KBZ Bank to be consistently recognized among peers at a global level. The awards we have received reflect our efforts in introducing digital and financial services on-the-ground in a secured and measured way to ensure citizens are protected and well-equipped in digital and financial literacy as Myanmar makes a quantum leap into a mobile-first economy. Along with our innovative trade financing products that support our clients’ businesses, we will continue to introduce market-leading products, services, and experiences to improve the quality of life for people in Myanmar.”
This year’s ABF Awards jury comprised industry leaders from some of the world’s biggest accounting and consulting firms such as Deloitte, Ernst & Young and PwC. Award nominations were judged according to the following parameters – uniqueness and innovation; effectiveness and impact; and dynamism.
