THE Central Bank of Myanmar works hard to ensure its objectives such as financial stabilization, financial system stability, effective payment and settlement system.

It is reported that the Anti-Corruption Commission took action against the Chairman and CEO of Myanma Apex Bank under Section 55/63 of Anti-Corruption Law, and the bank submitted that they were suspended from their positions and to appoint a new Chairman and CEO.

The CBM approved such appointments under the Central Bank of Myanmar Law and Financial Institutions Law provisions on 27 April 2022. The CBM supervised the MAB and found out that the financial status of that bank was stable and firm, and it also followed the instructions of the CBM.

Moreover, the CBM closely monitors easy access to financial status, deposits, and withdrawals and provides liquidity support if necessary. So the Depositors can access the banking services as usual without any worries.

Therefore, there is no need for the people working with the bank or saving money at the bank to worry about the banking services.

Central Bank of Myanmar

(27.4.2022)

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