Yangon, 20th March 2020 – uab bank, who was named Myanmar’s Best Bank by Euromoney, today announced the receipt of another four (4) prestigious awards at the 10th Global Banking & Finance Awards. The awards are Best Bank for Corporate Governance Myanmar 2020, Best Retail Bank Myanmar 2020, Best CSR Bank Myanmar 2020 and Banking CEO of the Year Myanmar 2020.
The award to uab bank’s CEO Christopher Loh is the 2nd year in a row, having been named Banking CEO of the Year for Myanmar in 2019.
Since its inception in 2011, the Global Banking & Finance Awards reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the global financial community. Headquartered in London, Global Banking & Finance Review which administer the awards is a leading global online and print media providing global insights and analysis of the financial and business markets.
Referring to the achievements, Christopher Loh, MD & CEO of uab bank, said,
“We are delighted with recognition from these awards. The Best Bank for Corporate Governance Myanmar 2020 reflects our ongoing commitment to good corporate governance and transparency. The publication of our annual report and full disclosure of our audited financial statements is testament to that and enables the public to have full confidence in how we manage and operate the bank. Banks derive majority of our funds from depositors and it is critical for banks to fully disclose and be transparent, so that the public is aware of how we safeguard their hard-earned money.
The Best Retail Bank Myanmar 2020, on the other hand reflects our strategic efforts and new positioning of our retail business towards a more proactive customer approach.
Receiving Best CSR Bank Myanmar 2020 award, also showcases our unwavering commitment to the community through our “Be The Change Myanmar” programme which focuses on empowering women and young people. Further, to strengthen our CSR commitment, we recently announced a partnership with World Wide Fund for Nature (WWF) Myanmar to assist in the integration of an environmental, social and governance policy in our bank.”
These awards come as the Bank recently celebrated the grand opening of its new Head Office – uab Tower @ Times City – an award-winning office located in the heart of the largest and most luxurious commercial development in Yangon.