MYANMAR – The Ministry of Planning, Finance and Investment of the National Unity Government launched the sales of Spring Development Bank shares last Friday (November 17) and has reportedly sold 5 million US dollars worth of the shares within 72 hours, stated the bank’s Chief Executive Kelvin.
The sales plan of 10 million worth of shares of Spring Bank was launched on November 17 and within 72 hours, they reportedly sold 5 million US dollars (half of the target). The minimum investment for a share is $10. and the sales would last until November 27. Moreover, within 72 hours, about 20,000 people from 33 countries worldwide opened new accounts at the Spring Development Bank (SDB).
“In the past 72 hours, we have achieved the most significant milestones, receiving orders of approximately 5 million USD in Spring Bank share token purchases and welcoming approximately 20,000 new account holders from 33 countries,” stated Mr. Kelvin, SDB’s Chief Executive.
“Such achievements reflect the trust and commitment of the stakeholders of the Spring Bank. We are grateful to everyone who contributed to this success,” he added.
In terms of banking services, there are 180 Relationship Managers (RMs) in 23 countries who voluntarily give (part-time) services while balancing their busy work schedules.
SDB authorities asked for public patience and understanding of the challenges they are facing due to technical and service issues and assured that the team members are actively working to overcome these.