Kanbawza Bank (KBZ) has won the World Quality Commitment-2016 awarded by the Business Initiative Directions (BID) based in Spain.
Executive Director U Tun Lin of Executive Director of Myanmar Billion Co Ltd of KBZ Group of
Companies and U Htay Aung Kyaw, Executive Director of Shwe Kanbawza Co and Procurement Director of the KBZ Bank Ltd accepted the award at the presentation ceremony held in Paris on 16 October.
KBZ Bank was chosen as the winner for its achievements in standard quality, leadership, technology and innovation, according to the press release of the BID.
The Spain-based organization also said that in its statement that the bank is improving its total quality management with good leadership and becoming a model for others in terms of sustainable improvement of quality services.
The World Quality Commitment is the second award for KBZ awarded by BID, following the International Star Award Geneva 2015.
KBZ, which won several international prizes connected with banking sector, also achieved the Best Bank in Myanmar for 2016 presented by the Euromoney based in London and Best Bank in Myanmar for 2016 awarded by the Finance Asia.—Thura Lwin (Eco)