CB Bank
CB Bank was a pioneer of premium banking in Myanmar, launching its Prestige brand in 2015. These are very early days for private banking in Myanmar: the wealthy still prefer to place money in Singapore and Bangkok, out of reach of covetous state fingers in a country still some way from a reliable rule of law and secure democracy.
Still, CB Bank is making inroads, offering the usual bells and whistles – personalised, preferential travel and dining arrangements, lounge and club access, networking opportunities and so on – associated with private banking, alongside various investment and insurance products.
In 2018, CB Bank claimed that deposits in its Prestige product more than doubled, as it added 50% more clients. The bar is low by international standards – just $200,000 in assets for access – but CB plans to introduce higher tiering, with a $700,000 entry level service due for launch this year.