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MYANMAR PRESS-SMIDB plans to lend 20 bln kyat to SME - New light of Myanmar
March 13, 2014 / 3:26 AM / 4 years ago

MYANMAR PRESS-SMIDB plans to lend 20 bln kyat to SME - New light of Myanmar

State-owned Small and Medium Industrial Bank (SMIDB) plans to lend 20 billion kyat ($20.6 million) to entrepreneurs in the next fiscal year, starting April 1, the state-owned New Light of Myanmar reported.

The SMIDB, which now has 12 branches across the country, will open four more branches soon. (link.reuters.com/num24v)

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NOTE: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 970.5000 kyat) (Compiled by Yangon Newsroom; Editing by Anand Basu)

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