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Best Bank Awards

Myanmar's best corporate and investment bank 2019: CB Bank

CB Bank

As Myanmar’s primary resources sector opens up and more deposits are found, CB Bank expects a bonanza. This year, CB Bank says it captured the bulk of the market in letters of credit issuance for oil and gas-related clients.

Alongside this push into resources, the bank has become a leader in Myanmar’s foreign exchange business. The Central Bank of Myanmar notes that CB led the market for the nine months of 2018. CB has put down a physical footprint at Myanmar’s borders with China and Thailand, opening four new trade centres to serve these important land crossings.

“We see a huge potential in these places, as they are prime locations in terms of border trade,” the bank says.

CB has tied up with Seedstars, a Swiss-based investor focused on financing technology startups in the developing world. The two have launched an incubation centre in Yangon, which the bank hopes will become the “go-to space for fintech, startups and investors.” And it has hooked up with ride-sharing app Grab to open bank accounts for Grab’s drivers in Myanmar.

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