Coordination Meeting: Annual closing of financial year of MEB

The opening ceremony of the Myanma Economic Bank’s 2025-2026 Financial Year, annual closing work coordination meeting was held at the Myat Pan Tha Zin Hall of the Myanma Economic Bank (Head Office) in Nay Pyi Taw on February 23.

At the ceremony, Union Minister for Finance and Revenue Dr. Kan Zaw noted that Myanma Economic Bank (MEB) is a state-owned bank with the widest banking network and it plays an important role in the country as a key player in the financial sector.

He pointed out that it is necessary to systematically monitor and inspect state funds in accordance with banking rules and regulations to prevent waste and losses due to the large flow of money and its importance in the development of the country’s economic sector. It is also necessary to properly utilize funds and authority, to ensure that procedures are correct, and to systematically implement accounting and bookkeeping.

He highlighted that those in charge need to set a weekly schedule to complete the work on time, implement it systematically, and carefully verify and approve the banking transactions etc. He urged bank officials pay attention to and cooperate with the existing laws, rules, and regulations, and to strive to achieve a win-win-win situation between the government, the public, and the bank.

He also instructed all bank officials to study and work together to improve banking services and performance for the public. The state-owned Myanma Economic Bank holds an annual closing meeting for each financial year. It is learnt that this year’s meeting will include sector wise discussions with the Central Bank of Myanmar, as well as readings, sector wise discussions, and awards ceremonies for business performance and excellence.