The development of human resources will be a core policy at the Bank of Tokyo-Mitsubishi UFJ (BTMU), the first foreign bank to open a branch in the country in decades, as part of its long-term commitment to help develop Myanmar's financial sector.

Opening its branch on Thursday, Singapore's Oversea-Chinese Banking Corp (OCBC) sees the possibility that the branch's capital would be raised within three years. On the first day of operations, over 10 accounts were opened.