Yangon, 11th February 2020 – uab bank, recognised as Myanmar’s Best Bank by Euromoney and Frankfurt School of Finance & Management gGmbH (Frankfurt School) announced their collaboration to explore jointly developing, delivering and offering customised trainings to both uab employees as well as to the public.
The MoU was signed on 8 th February 2020 at the Grand Opening of the uab bank’s new Head Office at uab Towers @ Times City. The partnership between Frankfurt School and uab bank is aimed at helping to meet Myanmar’s rising need for capacity building programs and good quality education targeted at the banking and finance professionals.
The collaboration envisages classroom training and regular evening events on leadership, banking and finance topics leveraging Frankfurt School’s expertise in being the leading private business school and advisory institute in Germany with more than 50 years of experience in consulting, professional education, certified programs and training services in all areas of banking and finance.
uab bank having successfully transformed itself into a leading and innovative banking group and its new ultra-modern, open and innovative workspace at uab Towers @ Times City provides an excellent training facility to would-be students and participants.
Christopher Loh, Managing Director and Chief Executive Officer, uab bank said, “The establishment of the uab banking school is to allow us to share our experiences and journey of successfully transforming and rebranding uab bank, curating programmes that are practical to the local environment. We want our students and participants to go beyond an academic curriculum into one that would be applicable and actionable. uab banking school would allow us to train our own employees and at the same time provide Myanmar financial professionals the opportunity to upgrade their skills with world class training curriculum that is augmented with practical local experience. By partnering with Frankfurt School, we believe we are able to jointly offer better programmes that can yield long-term benefit for many in Myanmar.”
Commenting on the collaboration with uab bank, Silja Bellinger, Project Manager of Frankfurt School in Myanmar said, “The Myanmar financial sector has undergone several reforms in the last six years and will face more changes with the market opening up gradually. International influence will not only bring new standards and practices but a great need for well-trained people. Frankfurt School’s mission is to build upon the experience it has collected in over 60 years of banking and financial education and support Myanmar’s financial sector on different levels. We highly support uab’s mission to form a banking school that serves the training needs of the bank as well as the whole sector. We are delighted to partner with uab on this path and look forward to sharing ideas, knowledge and experiences.”
This agreement will enable Frankfurt School and uab bank to build on their expertise for the development of training curriculum and certification that are suitable and practical for banking professionals in Myanmar. As the nation postures for further economic growth, these programmes are envisaged to further support the development of the banking industry.
About uab bank
uab bank is a leading bank in Myanmar. Recognised for its successful transformation and leadership in the Myanmar banking sector amidst the regulatory changes and governance requirements, uab bank was named ‘Myanmar’s Best Bank’ by Euromoney, ‘Mid-sized Domestic Retail Bank of the Year’ by Asian Banking & Finance, and was ranked No. 1 in Corporate Governance Disclosure by 2019 TiME Pwint Thit Sa Report published by the Myanmar Centre for Responsible Business. Established in 2010, we are now serving our customers from a growing network of over 78 branches in 47 townships across Myanmar. uab provides a wide range of financial services including consumer banking, premier banking, SME banking, corporate banking, trade finance and treasury services. www.uab.com.mm/
About Frankfurt School of Finance & Management Frankfurt School is the leading private business school and advisory institute in Germany with more than 60 years of experience in consulting, professional education, certified programs and training services in all areas of banking and finance. Frankfurt School’s mission is to advance the German and international financial sector through research, professional and executive education, training and advisory services. www.frankfurt-school.de