Kanbawza Bank ltdThe Kanbawza Bank Ltd.
This is a default bank identifier number ( "BIC") and is a clear identifier for a specific bank. They are used for interbank transactions, especially in the case of cross-border transactions. They also used the bank to exchange other information between them. A swift is an 8 or 11 character number.
If an 8-digit number is specified, it relates to the main area. This is how the codes are formatted: If you are sending or receiving an overseas bank transfer with your bank, you may loose cash at a poor currency quote and thereby incur disguised charges. This is because of the fact that they are still using an old system to swap funds.
Use of TransferWise is recommended, which is usually much more cheap. You' ll always receive a good currency and a small prepayment. They move your cash as quickly as the bank, and often quicker - some currency go through in just a few mins. Secure your funds at the bank levels. Swift Code registration is carried out by the Society for Worldwide Interbank Financial Telecommunication ("SWIFT") based in La Hulpe, Belgium.
SocifT is a trademark of S.W.I.S.I.F.T. SCRL with registration in the Avenue Avenue Adele 1, B-1310 La Hulpe, Belgium. Transfer MoneySave multicultural dues by using TransferWise, which is 5x less expensive than banking. Get MoneyGet payed at the actual currency rates with the help of TransferWise.
Myanmar Business Today | KBZ Bank
Kanbawza (KBZ) Bank, Myanmar, hosted an opening party for its first employees at its Bangkok branch on August 3. 4 employees will head the country's first global banking branch in Bangkok. Kanbawza (KBZ) Bank, the country's biggest domestic credit provider, has won the Euromoney Best Bank in Myanmar for the third time in a row.
More than 180 attendees, comprising 48 of the world's biggest financial institutions from 25 different nations, took part in the yearly awards ceremony. Since Kanbawza Bank's opening in West Shwegonedine Road in 1994, a further 400 of the Group's offices have been opened. The Kanbawza (KBZ) Bank continues its growth in the global banking markets with the second opening of an overseas representation, this year in Singapore.
Last months the bank opened a representation in Thailand and is also working on opening a third branch in Malaysia. Myanmar's biggest privately held bank, Kanbawza (KBZ) Bank, will be the first domestic bank in the Philippines to switch to the global banking community as the bank has been licensed to open a representation in Thailand.
Kanbawza (KBZ), a municipal diversified industrial group, will modernize its IT structure with Microsoft software to increase efficiency and increase client services. The" Enterprise Agreement" with KBZ is Microsoft's biggest IT transaction in Myanmar to date. KBZ Bank, a retailer of Myanmar's first major corporate and high-income consumer payment cards, recently introduced Myanmar's first major commercial banker.
Kanbawza Bank Ltd (KBZ), a lenders' association, has entered into a MoU with Cathay United Bank (CUB) in Taiwan to foster cooperation between the two institutions in a number of areas. The British finance journal Euromoney has voted Kanbawza (KBZ) Bank the best bank in Myanmar for 2014.
EURROMONEY honors outstanding achievements in over 20 worldwide products including being named the best bank in over 100 nations worldwide.