Terrorism & Insurgency

Bank IED attack in Myanmar’s Shan State indicates increasing risk to commercial assets due to military-militant conflict

23 February 2018


At approximately 16:40 local time on 21 February, an improvised explosive device (IED) detonated at a domestic commercial bank in Lashio city in Myanmar’s Shan State.

Images shared on social media showed extensive damage to the Yoma Bank building, some damage to the adjacent Ayeyarwady Bank, and broken windows at the Ministry of Health’s regional office across the street. The IED blast killed two female Yoma Bank employees, and a military statement reported 22 people injured. An official statement alleged that militants had placed the IED in the gutter at the junction of Lamadaw and Shwebo streets.

No groups have claimed responsibility for the attack, but in January local authorities distributed flyers in Lashio warning of a likely militant attack, naming two groups: the Kachin Independence Army (KIA) and the Ta’ang National Liberation Army (TNLA).

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