AGD Bank Ltd signs Project Finance Agreement with Pinnacle Asia Company Limited

AGD Bank, one of the leading financial institutions in Myanmar, announces the signing of a Project Finance Agreement with Pinnacle Asia Co. Limited.

 

The loan agreement between AGD Bank and Pinnacle Asia Co., will support the economic growth of communities across Myanmar by helping to develop new technology and infrastructure. In particular, the advancement of communications will not only help the people across Myanmar to communicate but also promote financial inclusion in Myanmar as individuals in rural areas would have better access to the banking infrastructure via their mobile devices.  

U Pyi Soe Htin, Chief Business Officer, AGD Bank Ltd, says “We are delighted to announce the signing of the Project Finance Agreement with Pinnacle Asia Co. AGD Bank’s vision is to provide vitally important banking infrastructure to make a lasting impact on the future of Myanmar and this shows our commitment to building strong foundations for growth.”

 

Pinnacle Asia Co.’s mission is to be the leading tower solution provider in Myanmar. The new infrastructure will help the population of Myanmar to become more connected and enables a faster, more reliable internet service. Pinnacle Asia Co. was established in 2016 and currently has towers in 10 out of 14 states in Myanmar. They have plans to increase its portfolio of tower sites to 400 by 2021.

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Updated: 14. 08. 2020