CBM notifies maturity date extension for term deposits with banks

 

THE date of maturity for time deposits with banks will be extended to six months until 30 September from 1 April, according to the Central Bank of Myanmar.

For liquidity support amid the adverse impacts faced by the banks triggered by the COVID-19 negative consequences, terms for all treasury bonds are temporary to be considered at 100 per cent for calculating the liquidity ratio. The maturity date for time deposits with banks is to be extended from a period of fewer than three months.

In the calculation of the liquidity ratio, the rules prescribed earlier will remain unchanged apart from the temporary extension of the periods.

TWA/EM

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