KBZ Bank is suing the owner of Myanmar Industrial Port over alleged unpaid debts of more than US$200 million, in a case that is symptomatic of the problems facing the country’s leading banks as they seek to resolve legacy non-performing loans.
Amid signs of crisis at the Myanma Agricultural Development Bank, farmers behind on loan repayments have been threatened with land seizures, while bank staff are being squeezed by both the regime and the resistance.
BY Frontier
