KBZ Bank signs MOU with Jeonbuk Bank, South Korea

We are delighted to announce the signing of a Memorandum of Understanding (MOU) between KBZ Bank and Jeonbuk Bank, today on 15 January 2025.

This strategic partnership will focus on key areas, including:

Direct Remittance Service Collaboration: Facilitating seamless and efficient money transfers between Myanmar and Korea, benefiting both Myanmar nationals residing in Korea and businesses with cross-border transactions.
Collaboration on Financial Services: Exploring opportunities to jointly develop and offer innovative financial products and services that cater to the evolving needs of customers in both countries.
Joint Marketing Initiatives: Leveraging the combined strengths of both institutions to enhance market reach and promote financial inclusion.

By combining KBZ Bank’s deep understanding of the Myanmar market with Jeonbuk Bank’s expertise and innovative approach, this partnership aims to deliver comprehensive and customer-centric financial solutions that drive sustainable growth and provide seamless, convenient banking services tailored for Myanmar citizens residing in Korea and their family in Myanmar.

“This MOU marks a significant milestone in our commitment to providing world-class financial services to our customers,” said U Zaw Lin Aung, CEO at KBZ Bank. “We are confident that this strategic partnership with Jeonbuk Bank will unlock new opportunities for growth and contribute to the strengthening of financial ties between Myanmar and Korea.”

This partnership underscores our shared vision for the future of the financial industry, and we look forward to the opportunities it will unlock for continued progress and success.