THE Central Bank of Myanmar closely monitors the financial convenience and cash deposit and withdrawal of the Myanmar Apex Bank Limited and provides liquidity support if necessary. Therefore, the CBM issued a statement saying that depositors at the Myanmar Apex Bank Limited could access banking services regularly without any worries yesterday.
Since the Anti-Corruption Commission (ACC) prosecutes the Chairman and Chief Executive Officer of the Myanmar Apex Bank Limited under Section 55/63 of the Anti-Corruption Law, the Bank has announced that the above persons have terminated their duties and proposed the re-appointment of the Chairman and Chief Executive Officer of the Bank. The statement said that the Central Bank of Myanmar approved the appointments on 27 April 2022 in accordance with the provisions of the Central Bank of Myanmar Law and the Financial Institutions Law.
The Central Bank of Myanmar is making efforts to stabilise the financial system and strengthen the efficient payment and clearing systems. Therefore, the Central Bank of Myanmar is monitoring Myanmar Apex Bank Limited. It is reported that the financial condition of the Myanmar Apex Bank Limited is stable, and the bank is following the instructions of the Central Bank of Myanmar.
Therefore, the central bank has issued a statement saying that those who have savings in Myanmar Apex Bank Limited and people working with the bank do not have to worry. — Htun Htun/GNLM