US$80 million paid out for affordable housing

The Construction and Housing Development Bank (CHD Bank) has announced it intends to lower its interest rates as it looks to increase its loans from countries including South Korea. CHD Bank, which has operated under the supervision of the Ministry of Construction since its establishment last year, has issued over 80 billion kyat (US$80 million) in loans, according to a report in Myanmar Business Today. Its recipients include public and private developers of affordable housing projects.