Last week I went to AMK OCBC bank to open business bank account for my own private limited company. After the bank staff browsed directors' residential status, he said he needs to get approval from senior management because of their internal policy. Then I understand that there may be because of US sanction on Myanmar. For your information, I am Myanmar citizen and Singapore PR. And I have personal bank account at OCBC.

Then when I went down to the bank after 5 days and asked the status, the bank staff told me that he was sorry and their bank (OCBC) unabled to open my company bank account even I have personal bank account at OCBC. When I ask the reason, they said they don't have reason. Even if they have problem opening business bank account for Myanmar nationals, they should state it on website or officially.

I think it's really not good. Everything is 100% legally and I am going to deposit money to their bank (not to take loan). Even I cannot open business bank account for my company in Singapore, it's not problem luckily. Because I am not doing export/import and my company business is especially software development.

I suggest Singapore government or MAS to take action such bank internal policy.

I really upset some behaviors of Bank and government agenicies upon Myanmar nationals. They should divide and see Myanmar government and Myanmar nationals.

Thank you for reading!
Ko Aung