August 19, 2016

SLCM ties up with Myanma Apex Bank

Mr. Anubhav Sengar (Left) and Mr. Kyaw Soe Min (Right). Photo: SLCM
Mr. Anubhav Sengar (Left) and Mr. Kyaw Soe Min (Right). Photo: SLCM

SLCM Group (Sohan Lal Commodity Management) — SLCM Ltd has signed an MoU with Myanma Apex Bank for collateral financing in Myanmar.
SLCM is the only Agri Logistics Group which has presence in Myanmar to provide Warehouse Management and Collateral Management Services through its wholly owned subsidiary.
The step is aimed at strengthening the network for providing collateral management solutions to processors, traders, exporters, farmers & importers across Myanmar.  Mr. Anubhav Sengar, Country Head, SLCM Ltd and Mr. Kyaw Soe Min, Deputy Managing Director, Myanma Apex Bank signed the MoU yesterday. The signing commitment states that rate of interest for loan disbursement remains fixed at 13%.  With this, SLCM Ltd. becomes the only warehousing & collateral management services provider in Myanmar & has tie-ups with four leading local banks including Yoma Bank, C B Bank, United Amara Bank and now with Myanma Apex Bank.    Myanma Apex Bank will offer financial solutions to both individuals and corporate customers, in accordance with their needs, while maintaining excellence in customer service at all times.—GNLM


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