• Redeem 50,000 points for 50,000 Royal Orchid Plus miles (from normal 100,000 points)
• Redeem 100,000 points for vouchers for free accommodation 4 days 3 nights at Amanpuri Phuket or accommodation 3 days 2 nights at Soneva Kiri Hotel, Koh Kood, worth more than 120,000 baht.

PINNACLE Travel – Exclusive access to more than 1,000 lounges at leading airports around the world, limousine service between your accommodation and domestic and international airports, immigration assistance services, both inbound and outbound at Suvarnabhumi Airport, coverage for travel and medical expenses abroad up to 10 million baht/trip including coverage for delayed international flights.

PINNACLE Lifestyle – Receive complimentary or exclusive discounts from a variety of leading partners.

• Receive Club Membership privileges for access to services such as Club Marriott, Accor Plus or The Bangkok Club
• Enjoy a free afternoon tea set from leading shops and hotels.

PINNACLE Health & Wellness – Receive a free annual health check-up package at the Executive Level at leading hospitals or clinics and alternative health centers as well as a complimentary relaxing massage at the premium spa.

Visa Application Privilege Service – get privileges to apply for UK and Italy visas without prior appointment as well as special services at the VFS Premium Lounge.

“The Bank attaches great importance to this group of customers as they have entrusted us with the care of their ultra-high value assets and investments. We, therefore, have selected the best services and benefits through the “Bangkok Bank PINNACLE Card” to reward these customers by providing them with a special experience in every aspect, suitable for them as our honored customers,” said Miss Voraporn.

• Open to all trade and investment opportunities to promote regional economic integration through new perspectives from the Covid-19 pandemic to build economic opportunities for all social sectors. Bangkok Bank has strong comprehensive financial services with a network of overseas branches in more than 300 locations in 14 economies. In Asean, the Bank has branches in 9 out of 10 countries and can therefore facilitate both inbound and outbound customers and businesses who would like to invest in Asean.
• Connect in all dimensions to restore safe and seamless cross-border travel while increasing digital connectivity. Bangkok Bank has expanded its main business of providing financial services to be a regional provider of cross-border payment. By co-developing the Cross-Border QR Payment service, Thailand and its five neighboring Asean countries comprising Indonesia, Malaysia, Vietnam, Singapore and Cambodia can use their local currency for cross-border payments with convenience and security while reducing the hassle of carrying cash and currency exchange. The initiative helps to connect the infrastructure of the cross-border financial ecosystem to be under the same regional standard. Bangkok Bank is the first bank to provide such service and is the settlement bank for cross-border payments between Thailand and Vietnam and Thailand and Indonesia.
• Balanced growth in all aspects is promoted above profit-making, through responsible business practices that take into account the environment, food and agricultural security for the well-being of people. This is in line with Bangkok Bank’s commitment to sustainable development in three dimensions covering environmental, social and governance (ESG). The Bank has provided green finance for local and regional projects by underwriting green bonds and sustainability-linked bonds. In 2021, the Bank supported companies in Thailand in their fundraising efforts to achieve their sustainability goals as an underwriter for ESG bonds covering green bonds, social bonds and sustainability bonds worth 37.2 billion baht, or two thirds of all ESG bonds issued in the Thai capital market, which was worth a total of 56.7 billion baht. In addition, the Bank is the leader in project finance loans supporting renewable energy projects in Thailand, Vietnam, Indonesia, Laos, China and other countries. Currently, the capacity of renewable energy projects supported by the Bank’s loans accounts for 27% of the total capacity of energy projects financed by the Bank, and is continuing to grow.

The Bank also supports several key sustainable energy projects, such as developing clean energy across Asia, including the production of electric vehicles and their batteries, and the mass transit system. Some customers are in the process of developing smart grid systems. The Bank has given back to Thai society through various social projects such as Bualuang Joins the Community to Solve Drought Project, programs to sustain and promote Thai arts and culture through the Bualuang Painting competition, which is in its 43rd year. In line with ethical business practices, the Bank has established a responsible lending policy and considers ESG risks in the credit review process for both business and personal loans.

In addition to featuring a booth to provide knowledge and promote the image of the Bank, Bangkok Bank plays an important role as a public relations communications partner for APEC 2022 and as a sponsor of the APEC Business Advisory Council 2022 (ABAC 2022) and the APEC CEO Summit 2022. To represent Thai people in welcoming all delegates from APEC with a smile, the Bank has sponsored an 18x200 meter billboard at the departure route from Suvarnabhumi Airport, which acts as the gateway to Bangkok, the venue for the meeting of APEC leaders.

“This is a great opportunity, not just for Thailand to be honored to host the APEC 2022 meetings, but also for Bangkok Bank to represent Thai businesses to welcome delegates from member countries. Most importantly, it is also a platform to proudly showcase the strong potential of the Thai financial sector while reinforcing our status as the leading regional bank that consistently and sustainably works alongside customers and Thai society as a trusted partner going forward,” concluded Mr. Kobsak.

• Be1st Digital Rabbit LINE Pay facilitates fun, easy and secure spending. You can be confident in any online shopping. Simply apply via Bangkok Bank Mobile Banking and get many promotions including a Shopee discount of 300 baht and other privileges from September 1, 2022 – February 28, 2023.
• Be1st Smart Rabbit – LINE Pay Turn on your fund mode and get non-stop savings. A newly designed card comes with Beat & Play collectible cartoons. Apply today and get a free LINE MAN discount code of 200 baht each month from October 5, 2022 – September 30, 2023 and receive a cash back of 5%, to a maximum of 200 baht, from participating merchants. The first annual fee of 300 baht will be waived from October 5, 2022 – December 31, 2022.
• Apply for Bangkok Bank Mobile Banking for the first time at the expo and receive a Be Mobile bag valued at 199 baht.
• e-Savings account enables you to save, transfer, make payments, and invest conveniently via the app. Special offer - you will receive a Be Cool bag valued at 199 baht if you open an e-Savings account and verify your identity at the expo.
• Bangkok Bank credit cards give you spending power and provide many privileges from merchants. You will get a special gift when applying for a Bangkok Bank airasia credit card. 
• BeMerchant NextGen is an app for merchants to receive payments for goods and services with a QR Code. It helps boost sales as payments can be made easily. Special offer you will receive a bag valued at 195 baht if you apply for BeMerchant NextGen and complete the registration at the expo.

To help build wealth, Bangkok Bank’s professional advisors are available to advise customers who want to design or plan their wealth and life insurance plans to match their needs and lifestyle. Super Savings Funds (SSF) for long-term investment and tax privileges from Bualuang Asset Management and Bangkok Capital Asset Management are on offer together with many other privileges, such as:

• Be Together or Gain1st life insurance – Get a Starbucks gift card worth up to 1,000 baht if you apply and pay the premium for the first year at the expo.
• Complete the application and pay the premium for the first year of any participating non-life insurance and get a Lotus’s gift card worth up to 500 baht.
• Enjoy two offers when opening a Securities Trading Account with Bualuang Securities via Bangkok Bank Mobile Banking or at the branches.
• Be Together Save+ Linked, a unit linked life insurance plan that fulfills your financial goals. Receive a saving booster bonus of 12% of initial annualized regular premiums when the insured has fully paid the premium. The premium payment period is 8 years. You can plan your finances effectively and get opportunities to enhance your wealth from your investment in mutual funds. 
• Enjoy special offers from Bualuang Home Loan which includes a special interest rate when making a reservation for a home loan at the expo, as well as a cloth bag worth 179 baht when applying for a home loan and providing at least three of the required documents.

Mr. Thaweelap said “The spread of the Covid-19 virus has had a world-wide impact in terms of health, society and economy, making everyone pay more attention to their physical, mental and financial health to cope with any situation that may happen in the future. As a trusted partner the Bank is ready to help customers build financial wellness through a variety of financial products and services. These will be suitable for every lifestyle and in accordance with a new way of living for people in the Northern region, as well as providing wealth planning services to suit their needs.”

Anyone who needs advice on financial services and investment, as well as applying for various services and receiving special promotions, please visit Bangkok Bank’s booth during the Money Expo Chiangmai 2022 from November 11-13, 2022, at Chiang Mai Hall, Central Plaza Chiang Mai Airport.

In the third quarter of 2022, Thailand’s economic recovery was driven by the gradual improvement in economic activity and the easing of travel restrictions in Thailand and other countries, which increased the number of foreign tourist arrivals to an average 1.2 million per month. However, policy rate hikes by central banks in many countries to mitigate high inflation affected the economic expansion and global commerce. As a result, Thai export growth during July - August 2022 slowed to 6 percent from 11 percent in the previous quarter. Going forward, the volatility of financial markets and the global economy remains important factors to be closely monitored.

Bangkok Bank continues to collaborate closely with its customers as the global economic slowdown poses a challenge to Thailand economic recovery. The Bank supports customers in accordance with their circumstances and offers guidance on how to modify their business practices in order to keep up with evolving trends and achieve sustainable growth with our commitment to be a trusted partner and reliable close friend. At the same time, the Bank places importance on prudent risk management and maintaining its financial stability, liquidity and capital positions.

Bangkok Bank reported an increase of 7.7 percent in net profit for the nine months of 2022

The Bank and its subsidiaries reported a net profit for the nine months of 2022 of Baht 21,736 million, an increase of 7.7 percent from the same period last year, owing primarily to an 18.7 percent increase in net interest income from loan expansion driven by the economic recovery. In line with interest rate trends and liquidity management, the net interest margin increased to 2.28 percent. Non-interest income decreased by 21.8 percent, predominantly from the slowdown in gain on fair value of financial instruments in line with the market environment. Net fees and service income declined from lower fees from securities business, while fee from loan related and trade finance services increased. Operating expenses rose by 4.2 percent largely due to higher expenses to develop and improve working systems, while the cost to income ratio remained at 49.0 percent. The Bank set aside Baht 24,733 million in expected credit losses, a decrease of 4.9 percent from the same period last year. This is consistent with the Bank’s prudent management by taking into account global economic volatility which may have an impact on the Thai economy’s recovery going forward. 

Bangkok Bank maintains a healthy financial position, high liquidity and capital positions under its prudent management approach 

At the end of September 2022, the Bank’s total loans amounted to Baht 2,796,849 million, an increase of 8.1 percent from the end of last year, mainly due to an expansion in loans to large corporate customers and loans made through the Bank’s international network. The non-performing loan to total loans ratio remains manageable at 3.5 percent. The Bank continues to set aside expected credit losses in line with its prudent approach, leading to the strong ratio of allowance for expected credit losses to non-performing loan of 240.1 percent.

As of September 30, 2022, the Bank’s deposits amounted to Baht 3,165,479 million, rising by 0.3 percent from the end of 2021. The loan to deposit ratio stood at 88.4 percent. In terms of capital, the capital adequacy ratio, Tier 1 capital adequacy ratio, and Common Equity Tier 1 capital adequacy ratio of the Bank and its subsidiaries stood at 18.5 percent, 15.2 percent and 14.4 percent respectively, comfortably above the Bank of Thailand’s minimum capital requirements.

• 1st – Enjoy a waiver of the first year annual fee (worth 300 baht) from October 5, 2022 – December 31, 2022
• 2nd - Receive 200baht LINE MAN discount codes every month when applying for the card from October 2022 – September 2023. (Discount code redemptions are limited)
• 3rd - Enjoy 5% cashback worth a maximum of 200 baht every month when making a payment at participating online merchants including Air Asia, Agoda, Booking.com, Central Online, Monline.com, Spotify, Grab Food and Dolphin Wallet from October 2022 – December 2022. (Limit of 15,000 cashbacks throughout the promotion period).

Mr. Shoke added that the development of these new products received great cooperation from "Rabbit LINE Pay", an e-Wallet business partner that has experience in connecting to various services on the LINE platform such as LINE Shopping, LINE Man, LINE Sticker and LINE Melody. These are clearly contributing to user growth. At the same time, the Bank also has a cooperation with UnionPay, which provides a high-performance payment network and continually develops card technology. In this instance, it is a physical card with a contactless function that can be used to pay for goods and services by tapping. In addition, this is the first time that “Be1st Digital Rabbit LINE Pay debit card”, a TPN UnionPay virtual card, is available on Bangkok Bank Mobile Banking. This co-creation helps create products in line with customer behavior in the digital age while boosting confidence and providing greater security for online transactions. Recently, Bangkok Bank's Be1st Digital debit card was awarded the 'Most Innovative Debit Card Offering Thailand 2022' in September 2022 by World Economic Magazine, the US online business magazine.

“The Bank aims to issue only one million Be1st Smart Rabbit LINE Pay and Be1st Digital Rabbit LINE Pay debit cards. The sales of Be1st Smart Rabbit LINE Pay cards will begin on October 5, 2022 at all Bangkok Bank branches, and Be1st Digital Rabbit Line Pay debit cards will begin selling on October 6, 2022. We are confident that these products will continue to be well received by customers as they were developed from the needs of customers and received cooperation and support from strong business partners so that they can perfectly meet the behavior and lifestyle of today's customers especially the new generation in the digital age. The Bank is ready to be their ‘trusted partner’ and grow together with them in the long term,” concluded Mr. Shoke.

Mr.Vithaya Topoyossakul , Co-CEO, Rabbit LINE Pay, said that, “ The previous co-branded debit card campaign has helped to expand our user base Nationwide. Users receive benefits from using the Be1st Smart Rabbit LINE Pay debit card, which can be used to pay via offline and online.

This year, Rabbit LINE Pay has grown by 13% to over 9 million users. We are part of LINE Family, the number one messaging app in Thailand with over 55 million users.

Having come through the COVID-19 pandemic, contactless payment has become increasingly more important to daily life. Users can bind their debit cards with Rabbit LINE Pay and pay at more than 300,000 merchants. One of the most popular services is LINE MAN food delivery.

Mr.Vithaya added that, “Rabbit LINE Pay makes it more convenient for users to apply for the Be1st digital Rabbit LINE Pay through its dedicated icon on LINE app. With the new design, leveraging LINE FRIENDS characters, we are confident to attract the next generation of Bangkok Bank customers, who will enjoy exceptional benefits. This card will help to enhance customer base between Rabbit LINE Pay and Bangkok Bank.”

Interested customers can find out more about Be1st Smart Rabbit LINE Pay and Be1st Digital Rabbit LINE Pay at https://www.bangkokbank.com/th-TH/Personal/Cards/Be1st-Smart-Card/Be1st-Rabbit-LINE-Pay or call Bualuang Phone 1333 or 0 2645 5555

Bangkok Bank reports net profit of Baht 14,079 million for the first half of 2022

In the second quarter of 2022, declining concerns about the spread of the Covid-19 Omicron variant resulted in an improvement in private consumption and investment and led to an increase in the number of foreign tourists, which reached around 700,000 per month. This was in line with the easing of travel restrictions in Thailand and other countries. However, rising inflation in several countries from the increase in global energy and food prices due to the Russia-Ukraine war prompted the central banks to raise policy interest rates. As a result, economic expansion and global commerce slowed down. The Thai export sector during April-May 2022 grew 10.2 percent compared to 14.8 percent in the previous quarter. Going forward, the volatility of financial markets and economy will be important factors to closely monitor.

The Thai economy is likely to improve from the easing of Covid-19 control measures and rising international travel. However, the Thai economy is still facing challenges from higher cost of living and raw materials resulting from the geopolitical conflicts between Russia and Ukraine, volatility within financial markets from uncertainty over the expected rises in the policy interest rates in advanced economies, and a global economic slowdown. Against this backdrop, Bangkok Bank has continued to support customers by providing liquidity and working capital, along with advice on how to adjust their business model to fit with the changing market environment or how to increase opportunities for international expansion. At the same time, the Bank continues to place importance on prudent risk management and maintaining its financial stability, liquidity and capital positions.

Bangkok Bank reported a 6.0 percent increase in net profit for the first half of 2022

The Bank and its subsidiaries reported a net profit for the first half of 2022 of Baht 14,079 million, an increase of 6.0 percent from the first half of 2021. Net interest income rose by 13.9 percent on higher loan volume, while the net interest margin stood at 2.18 percent. Non-interest income decreased by 19.8 percent, mainly from lower gains on financial instruments measured at fair value through profit or loss (FVTPL) in line with the market environment. Net fees and service income declined from securities business, while fee income from loan related services increased in line with higher loan volume. Operating expenses rose by 2.8 percent largely due to higher expenses to develop and improve working systems. As a result, the cost to income ratio remained at 50.4 percent. The Bank set aside Baht 14,843 million in expected credit losses, a decrease from the same period last year, and continued its reserves under a prudent approach by taking into account global economic volatility and the impact of the ongoing Covid-19 situation.

Bangkok Bank maintains a healthy financial position, high liquidity and capital positions under its prudent management approach

At the end of June 2022, the Bank’s total loans amounted to Baht 2,652,872 million, a rise of 2.5 percent from the end of last year, mainly due to an increase in loans to large corporate customers and loans made through the Bank’s international network. The non-performing loan to total loans ratio was 3.4 percent. The Bank continues to set aside expected credit losses in line with its prudent approach, leading to the strong ratio of allowance for expected credit losses to non-performing loan of 232.5 percent.

As of June 30, 2022, the Bank’s deposits amounted to Baht 3,147,149 million, a similar level compared to the end of December 2021. The loan to deposit ratio stood at 84.3 percent. In terms of capital, the Bank’s total capital adequacy ratio, Tier 1 capital adequacy ratio, and Common Equity Tier 1 capital adequacy ratio of the Bank and its subsidiaries stood at 18.9 percent, 15.4 percent and 14.6 percent respectively, comfortably above the Bank of Thailand’s minimum capital requirements.