THE First Private Bank (FPB), which makes efforts towards a modern technology-based banking system, has announced the appointment of a new CEO to accelerate the progress of the bank.

The bank officials explained the trustworthy information to the public despite the banking service-related false information and also announced the newly elected CEO.

The Board of Directors and Management Team of FPB, a listed company of the Yangon Stock Exchange (YSX), is attempting to transform its banking services into a technology-based banking system.

Therefore, the Board of Directors has decided to elect U Thura as CEO for his experiences in the banking sector to improve the bank’s significant development.

Moreover, the proposal to appoint U Thura as CEO was submitted to the Central Bank of Myanmar and the CBM permitted him to take the position on 15 November. Former CEO U Myint Zaw retired on 30 June 2023 and now serves as a consultant for the Management Team.

The FPB was established in 1992 and is now 31 years old, with over 640 staff at 38 branches.

Thit Taw/KTZH

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