A branch of Myanmar Tourism Bank has been opened in Thabyaygone, Nay Pyi Taw with more to be opened in border areas.

The government is planning to open tourism banks in the regions which attract most tourists. 

The first Myanmar Tourism Bank was opened in Yangon on May 6 this year, a branch in Mandalay on September 1 and another branch in Nay Pyi Taw on September 12. 

"The main aim of opening Myanmar Tourism Bank is to financially help the country's tourism sector. The bank also aims to help companies, organizations and hotels from the tourism industry. Interest rates are the same as those prescribed by the Central Bank. The bank will spend five percent of its profit for tourism development," said Yan Win, chairman of Myanmar Tourism Bank. 

Myanmar Tourism Bank was first established on May 6 with the aim of financially help the country's tourism sector. 

The bank started running an initial investment of K22 billion. When approval for foreign currency use comes, US$5 million will be invested, said Yan Win.