It was attended by Deputy Prime Minister Union Minister for Planning and Finance U Win Shein, deputy ministers, depart­mental heads of the ministry and Central Bank of Myanmar, managers of region and state Myanma Economic Banks and district branches.

In his speech, the Union minister said the Myanma Eco­nomic Bank is a reliable state-owned bank for the people and the managers should supervise to ensure the increase in deposits of people, to grant quality loans using the deposits in line with the banking rules and procedures and to be systematic with loan usage. Moreover, they should make efforts to ensure loans are repaid within the designated pe­riod and reduce the outstanding loan amount. The Internal Audit Department also should scruti­nize all the branches regularly to supervise the banking ser­vices promptly and conduct an off-site scrutinizing system for the branches in remote areas aiming at preventing financial fraud and misuse in time.

He then urged all those con­cerned to conduct public aware­ness programmes about modern banking services for the people to be more familiar with the banks and actively participate in banking activities with trust.

Myanma Economic Bank organizes the annual statement closing coordination meeting for every financial year. The bank will organize this year’s cere­mony jointly with the Central Bank of Myanmar including pa­per-reading sessions and discus­sions until 21 February. — MNA/ KTZH