STATE-OWNED Myanma Economic Bank (MEB) is expanding remittance services to more branches throughout the country this year, said a senior official from the Ministry of Finance and Revenue.

MEB general manager U Maung Maung Win said remittance services were available at 67 branches at the end of 2005, a number that was increased to 104 by the end of last month.

“These 104 branches offer remittance services that can be completed by fax within a few hours,” he said. “We will continue to expand our services at a rapid rate, especially in remote areas, depending on the availability of telecommunication services.”

MEB operates 333 branches throughout the country, of which 298 offer banking services, with the balance acting as management offices.