KBZ is an exceptional lender with a storied history and matchless connections in the capital Naypyidaw. Its domestic clout and strength means that its CSR credentials are often overlooked. Yet KBZ is the undoubted domestic leader in this field, its commitment to corporate and social responsibility stemming from a terrible and destructive moment in the country’s modern history. In 2008, a massive cyclone crashed into Myanmar’s long coastline, killing 138,000 people, displacing millions, and causing at least $10 billion worth of damage. That calamity compelled the bank to set up its social initiative division, KBZ Brighter Future Myanmar Foundation, and to get to work.
March 26, 2018