First Private Bank

What First Private Bank does

First Private Bank (FPB) is a Myanmar-licensed private bank founded in September 1991 and headquartered on Merchant Road in Pabedan Township, Yangon. It operates as a public limited company listed on the Yangon Stock Exchange under the ticker FPB and serves retail individuals, small and medium enterprises, and corporate clients through a network of 33 branches spanning Yangon, Mandalay, Naypyidaw, Mawlamyine, Myitkyina, and a number of secondary cities, complemented by digital channels including an iOS/Android mobile banking app and web-based internet banking. FPB's technology backbone is a third-party core banking system (iCBS); the company has not disclosed any proprietary technology layer beyond standard digital banking front-ends.

The bank generates revenue primarily through net interest income on a diversified loan book spanning mortgage, overdraft, term, auto, home, hire purchase, solar, education (EduBridge), and high net-worth loans, complemented by JICA-funded SME Two Step Loans and MSME lending. Fee and transaction-based revenue is earned from international banking services (foreign currency accounts, FX, international remittances, Western Union money transfer, trade services), payroll processing, payment orders, performance guarantees, and increasingly from a bancassurance partnership with A Insurance.

FPB's go-to-market is sales-led and branch-driven, supported by targeted co-marketing partnerships with property platform iMyanmarHouse, automotive platform CarsDB, and EV automaker partners for auto loan origination, as well as university-level talent pipelines (YUWBM) and industry-association collaborations (MBE, MCEF). Customer segmentation is organized into four vertical business units: personal banking, retail lending, SME/MSME, and international/corporate banking.

Name

First Private Bank

Legal name

First Private Bank

Website

https://firstprivatebank.com.mm

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

501–1,000 employees

Short description

First Private Bank (FPB), established in 1991 and listed on the Yangon Stock Exchange, is a Myanmar private bank operating 33 branches nationwide. It provides retail deposit accounts, diversified lending (mortgage, auto, SME, education), and international banking services to individuals, SMEs, and corporate clients.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Affluent / Mass-Affluent Private Banking (FSABADAC)

akta.pro secondary industries

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), Private Banking Cross-Border & International Wealth Services (FSABADAL)

Keywords

• Retail banking services
• Commercial lending
• Foreign exchange services
• International remittance
• Savings and deposits

Headquarters

HQ city

Yangon

HQ country

Myanmar (Burma)

HQ region

Asia

Offices22 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income from Loans: The bank generates revenue primarily through interest earned on various loan products including mortgage loans, overdraft facilities, term loans, auto loans, home loans, hire purchase financing, solar loans, high net-worth loans, and EduBridge loans for students.
2. Deposits and Interest Payments: FPB accepts deposits and pays interest to depositors, maintaining spread between lending and deposit rates.
3. International Banking Services: Revenue from foreign currency accounts, exchange services, international remittances, and Western Union money transfer services.
4. SME and Commercial Lending: JICA SME Two Step Loans, MSME loans, and commercial loans for small and medium enterprises.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

First Private Bank is a Myanmar-licensed private bank that accepts deposits (current, savings, call, and fixed deposit accounts), extends retail and commercial loans (mortgage, auto, home, hire purchase, solar, education, SME, and commercial loans), and provides international banking services including foreign currency accounts, foreign exchange, international remittances, Western Union money transfers, trade services, and treasury operations. The bank serves individual consumers, SMEs/MSMEs, and corporate clients through 33 branches and digital channels including mobile and internet banking.

Product overview

First Private Bank offers a comprehensive banking platform comprising multiple deposit accounts (savings, current, call deposits, and fixed deposits), diverse lending products (mortgage, auto, home, SME, and specialized loans), international banking services (foreign currency, remittance, Western Union, trade services), and digital banking channels (Mobile Banking and Internet Banking). The portfolio includes retail products for individual customers, business banking solutions for SMEs, and international trade services. Digital channels provide 24/7 access to accounts and transactions.

Differentiator

Problem solved

Functional benefit

Products and services

• Current Account
• Savings Account
• Special Saving Account
• Royal Saving Account
• Call Deposit Account
• Special Call Account
• Super Call Account
• Fixed Deposit Account
• Special Fixed Deposit Account
• Flexi Income Fixed Account
• Platinum Fixed Account
• Mortgage Loan
• Overdraft
• Term Loan
• Auto Loan
• Home Loan
• Hire Purchase
• Solar Loan
• High Net-Worth Loan
• EduBridge Loan
• Remittance
• Payroll Services
• Payment Order Services
• Performance Guarantee
• JICA SME Two Step Loan
• MSME Loan
• Commercial Loan
• Foreign Currency Account
• Foreign Currency Exchange
• International Remittance
• International Trade Services
• Western Union Money Transfer Services
• Treasury
• Mobile Banking
• Internet Banking

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered minor and core.

• iMyanmarHouseminorGTM or Marketing Partner · 27 August 2025Partnership for home loans and property-related financial services. MOU signed at Junction City Office Tower.
• CarsDBminorGTM or Marketing Partner · 27 August 2025Partnership for auto loans and vehicle financing services. MOU signed at Junction City Office Tower.
• Yangon University of Economics (YUWBM)minorStrategic or Co-development Partner · 7 March 2025MOU for internship program allowing university students to gain practical banking experience at FPB branches.
• A InsurancecoreStrategic or Co-development Partner · 27 February 2024Bancassurance partnership where FPB offers A Life and A Insurance products to its customers. MOU signed between FPB CEO U Thura and A Insurance CEO Dr. Maung Maung Htay.
• MBE (Myanmar Business Executives)minorStrategic or Co-development PartnerMOU signed February 2026 for mutual business support and collaboration.
• MCEF (Myanmar Construction Executives Federation)minorStrategic or Co-development PartnerMOU signed March 2026 for business development and support services.
• Asia-Pacific Automaker CorpminorGTM or Marketing PartnerPartnership as Main Partner for DONGFENG E70 EV TAXI vehicle financing program.
• Swann Thu Aung CompanyminorGTM or Marketing PartnerPartnership for DONGFENG E70 EV TAXI financing program.
• UMBEEA (Union of Myanmar Biand Ethic Entrepreneurs Association)minorGTM or Marketing PartnerOther Sponsor at Myanmar-China Trade & Investment Expo 2026.
• MEGA Lifesciences LimitedminorGTM or Marketing PartnerCSR program partner providing health screenings for FPB staff.
• MIEGA (Myanmar Institute of Economics Graduates Association)minorGTM or Marketing PartnerDiamond Partner at 29th Anniversary Ceremony and Networking Event.

Scale indicators3 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• KBZ Bank (Kanbawza Bank): Myanmar's largest private bank and the dominant retail/commercial banking franchise in-country. Directly comparable to FPB across deposit products, SME lending, and branch-based distribution in Myanmar — only materially larger in scale.
• AYA Bank (Ayeyarwady Bank): Top-tier Myanmar private commercial bank with nationwide branch network and a full retail/SME/corporate product suite. Competes head-on with FPB for deposits, SME credit (JICA-style programs), and international banking customers in Myanmar.
• Yoma Bank: Myanmar private bank with a nationwide branch footprint offering retail deposits, SME and corporate lending, and treasury services. Closely comparable to FPB in target segments, product breadth, and listed-equity status on YSX.
• CB Bank (Co-operative Bank): Myanmar private commercial bank providing personal, SME, and foreign currency banking services. Overlaps directly with FPB in Myanmar retail/SME deposit-taking and international remittance/FX distribution.
• Myawaddy Bank: Long-standing Myanmar private commercial bank serving retail and corporate customers. Closely comparable to FPB as a domestically-licensed, branch-led private bank with similar deposit and lending product mix in Myanmar.
• United Amara Bank (Amara Bank): Myanmar private commercial bank formed via merger, offering retail, SME, and corporate banking. Directly comparable to FPB in business model, customer segments, and Myanmar-domiciled deposit-and-lending activities.
• Innwa Bank: Myanmar private commercial bank with personal banking, SME, and international services. Comparable to FPB in scale-tier, product mix, and domestic-only geographic footprint within Myanmar.

Regional players

• ACLEDA Bank: Cambodia's largest privately-held bank with deep retail/SME and FX/remittance expertise across a frontier SE Asian market. Comparable to FPB in terms of mid-sized emerging-market commercial bank profile, though operating in a different (Cambodian) geography.

Broad incumbents

• Vietcombank: Vietnam's largest partially-privatized commercial bank with full retail/SME/corporate/international banking franchise. Comparable to FPB as a regional commercial banking operator and stock-listed bank in an emerging Southeast Asian market — materially larger in scale.
• Bank of the Philippine Islands (BPI): Major Philippine universal bank listed on the Philippine Stock Exchange with retail deposits, SME/commercial lending, and international banking services. Comparable to FPB as a stock-listed commercial bank serving retail and SME customers in an emerging Asian market — at materially larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/firstprivatebank
• LinkedInlinkedin.com/company/first-private-bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Private Bank