KBZ bank in Mandalay robbed, Kyats 200 million taken away

KBZ bank located at 74th street in Maw Ra Gi War ward (between 31st and 32nd streets) under  Chan Aye Thar Zan township of  Mandalay was robbed on 25 March where Kyats 200 million were taken by the robbers.

Local residents informed that the incident took place at around 11 am. The junta soldiers are now examining the CCTV footage to identify the culprits.

A local woman revealed that they heard about the robbery.

“But, I'm not sure how much money was robbed,” added the lady.

Armed with guns and axes, three unidentified men entered the  KBZ bank and asked the individuals inside the branch to sit in a corner.

A video clipping showed three unidentified individuals arrived on two motorcycles and started threatening the employees and customers with guns on their heads. They stole the money in PP woven bags.

Armed robberies are common happenings in Myanmar. On 17 November 2023, more than Kyats 1.1 billion worth of gold items were robbed from Aung shop at 30th street (between 72nd and 73rd streets) in Chan Aye Thar Zan township of Mandalay.

On 13 March, Innwa bank in Monywa was also robbed and even the female manager was taken hostage by the culprits.

The bank robberies were most prevalent between 2021 and 2022, but gradually decreased. In contrast, gold shop robberies have increased and it occurs once every month from May 2022 to February 2024.