About Bangkok Bank

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Bangkok Bank increases deposit and loan interest rates with Thai economy is expected to continue expanding.

June 01, 2023

Bangkok Bank is raising both deposit and loan interest rates with Thai economy is expected to continue expanding, with effect from June 2, 2023.

Bangkok Bank Senior Executive Vice President Mr. Suvarn Thansathit said that Bangkok Bank has announced an increase in deposit and loan interest rates. The deposit interest rate is increasing by 0.05-0.25%, so the savings deposits interest rate has increased to 0.60% per annum, e-Savings deposits under 1 million baht interest rate 1.50% per annum and over 1 million baht increased to 0.60% per annum, 3-month fixed deposits to 0.95% per annum, 6-month fixed deposits to 1.05% per annum, and 12-month fixed deposits to 1.35% per annum, 24-month fixed deposits to 1.75% per annum, and 36-month fixed deposits to 1.90% per annum.

In terms of loan interest rates is increasing by 0.20%, the MLR (Minimum Loan Rate) to 6.85% per annum, the MOR (Minimum Overdraft Rate) to 7.30% per annum and the MRR (Minimum Retail Rate) to 7.05% per annum

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Bangkok Bank and the Provincial Electricity Authority support solar panel installation to reduce electricity costs by offering a special interest rate with 10-year installments, free appraisal and 2,000 baht voucher

June 01, 2023

Bangkok Bank joined the Provincial Electricity Authority (PEA) to offer financial support for homeowners seeking to install solar rooftops with PEA. The Buluang Poonphol Green Loans offer a special interest of MRR -1% throughout the contract with loan repayment up to10 years. Appraisal is free of charge while also providing a voucher worth 2,000 baht.

Bangkok Bank, represented by Executive Vice President Pochanee Kongkalai, joined Provincial Electricity Authority Governor Supachai Ek-Un to offer financial support for homeowners seeking to install solar rooftops with PEA with a Bualuang Poonphol Green Loan. The loan is designed for customers wishing to take out a loan for home improvements using clean or renewable energy, while using their debt-free house as collateral, as well as for current Bangkok Bank home loan customers or customers who refinance with Bangkok Bank and apply for an extended credit limit. These customers are entitled to the first offer which is the special interest rate of MRR -1% per annum throughout the contract with repayment up to 10 years and free appraisal. The second offer is for the first 200 customers who are approved for and take out a loan of 500,000 baht or more by June 30, 2023. They will also get a Central Group e-Voucher worth 2,000 baht.

“Bangkok Bank as a trusted partner stands ready to provide loans with special interest rates and other benefits to enable customers to use clean energy and save electricity costs. Particularly during the hot season, many households leave their air conditioners on for a long time to ease the heat causing the electricity bills to double. The installation of the solar rooftop is an investment to reduce energy costs in the long run and more importantly, helps conserve the environment. It helps drive Thailand towards a low-carbon society while aligning with the Bank’s goal to support sustainability in all dimensions,” said Ms. Pochanee.

Customers interested in applying for the Bualuang Poonphol Green Loan can request more information at any Bangkok Bank branch nationwide, call Bualuang Phone 1333 or 0 2645 5555 or visit www.bangkokbank.com/HomeEquityLoan

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Bangkok Bank and PermataBank collaborate to facilitate Letter of Credit on blockchain to enter the Thai-Indonesian chemical market, offering smooth transactions and encouraging digitalized processes in line with the concept of green business for sustainable growth

May 24, 2023

Bangkok Bank and PermataBank collaborated to facilitate a Letter of Credit (L/C) through blockchain technology, highlighting the strength of both banks’ cross-border business networks to enter the Thai-Indonesian chemical market. The first customers are TPE and Lautan Luas which use trade finance services to help reduce the process, risks and costs. This will increase customer satisfaction while supporting businesses to digitalize their work processes in line with the concept of green business for sustainable growth.

Bangkok Bank Executive Vice President Pipat Assamongkol said, “International trade is crucial for a country's economic growth. International trade transactions need multi-step processes and require a large amount of paper documents which is a major obstacle. To help resolve this problem, the Bank has developed blockchain technology innovation for L/C, a service that uses Distributed Ledger Technology (DLT) or Enterprise Blockchain Platform as an integral part of the work to provide full commercial services*.”

The Bank recently joined PermataBank to provide this innovation to both banks’ customers in the chemical industry. The Bank was successful in supporting Thai Polyethylene (TPE), a company under SCG Chemicals or SCGC exporting plastic resins from Thailand to Indonesia, to be able to submit a full electronic presentation for container ships. This helps reduce paper use, carbon emissions and container yard charges for temporarily keeping containers at the port. Therefore, trade partner in Indonesia receives goods faster, which increases business opportunities. Both trade partners satisfied and appreciated with good experience from the services.

The Bank joined PermataBank and TPE to provide a L/C through blockchain technology for exporting goods to Lautan Luas, one of TPE’s largest clients in Indonesia. Lautan Luas supplies chemical products to 2,000 industrial end-users throughout Indonesia and Asia Pacific. This service enables both trade partners to check changes in the L/C application anytime, enhancing transaction transparency, reducing risks for mistakes and enabling quick information tracking via digital channels, creating satisfaction for both trade partners and continuously plan for using the service.

Regarding the Bank’s success, Mr. Pipat added, “This underscores the strength of Bangkok Bank and PermataBank's service network cooperation to support international trade services through the L/C on blockchain technology that can be adapted to support the various needs and nature of customers’ businesses, such as supporting multiple shipments and billing documents under the same L/C, etc.

“As a trusted partner, Bangkok Bank is proud to participate in financial development to help increase business efficiency, while increasing the speed of working processes amongst parties involved in trade transactions and reduced costs. The strong international network and cooperation with PermataBank has allowed us to deliver good service and experience to our customers in Thailand and their overseas partners. More importantly, the digital end-to-end process also reduces the use of paper and transportation, which are carbon-emitting activities. Therefore, this service is also helping to promote the concept of green business, which is another dimension of sustainable business that Bangkok Bank attaches importance to as well.”

Mr. Darwin Wibowo, Director of Wholesale Banking at PermataBank, said, “The implementation of blockchain technology in trade transactions is PermataBank's effort to help entrepreneurs and corporations save time and reduce the risk of fraud, as well as streamline the transaction process, so that businesses can grow faster. Additionally, the use of blockchain technology is more environmentally friendly by reducing paper usage and carbon pollution. PermataBank has become the first bank in Indonesia to provide trade finance transactions on a blockchain platform.”

Mr. Kulachet Dharachandra, Executive Vice President and Chief Financial Officer of SCG Chemicals Public Company Limited or SCGC, said, “TPE, a company in the SCG Chemicals Group, is committed to applying innovation to deliver safe, convenient and fast services which also align to a greater emphasis on ESG guidelines. We joined Bangkok Bank and PermataBank to implement blockchain technology in L/C transactions with a partner in Indonesia, Lautan Luas Tbk. The technology makes it possible to track the transaction status of all parties immediately and transparently, streamlining the whole process of drafting L/C applications, receiving L/C and digital billing. Not only does it significantly reduce time and the use of paper in the transactions, but it also helps Lautan Luas cut additional costs that may occur from container yard charges, for keeping containers at the port in case the goods arrive at the destination port before the bill of lading. This has increased Lautan Luas’ satisfaction and the company aims to continue using L/C through blockchain transactions with TPE.”

Mr. Richie Masrin, Corporate Banking Manager of Lautan Luas Tbk, said, “The blockchain technology provided by PermataBank has facilitated our import L/C transactions. Communication with suppliers regarding L/C can be done through this blockchain platform, from drafting to settlement. Shipping documents can also be obtained digitally through the platform, which helps us to expedite the goods retrieval process at the port.”

Customers interested in the L/C via blockchain service and who need more information can contact Bangkok Bank’s Business Customer Service at 0 2031 7888

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Bualuang Ventures invests in 'STelligence' to strengthen its digital capabilities and expand its market base as businesses look for IT solutions to increase competitiveness

May 17, 2023

Bualuang Ventures has invested in STelligence, a digital transformation and data analytics technology service provider in an effort to meet the needs of businesses looking for solutions to help upgrade their work processes and increase efficiency to chart a path for strong, consistent growth in the digital age. In line with its ‘trusted partner’ philosophy, Bualuang Ventures aims to expand the market through the Bank’s business customer base by introducing quality service providers to support its customers’ business transformation as they work to seize greater opportunities in the digital market.

Mr. Krit Phanratanamala, Managing Director of Bualuang Ventures said it decided to invest in STelligence Company Limited to help businesses grow exponentially by adopting and implementing new digital technology and innovation to the internal work processes. This is to improve working efficiency and enhance information security in terms of taking various data to process for in-depth analytics which will further add value to the business.

“In the past, we have talked a lot about big data. Although many businesses have been collecting data continuously, they still need solutions that will help analyze those data into effective strategies and business plans. Meanwhile, Thai businesses have been increasing investment in IT and technology to drive growth in the digital age and increase competitiveness, especially after the outbreak of Covid-19, which is considered a catalyst for wide-ranging technology adoption. Therefore, it is a good business opportunity for Bualuang Ventures to jointly invest in and become a partner with STelligence”.

In addition to the investment that STelligence has received, representatives of Bualuang Ventures will sit on its Board of Directors. This is to give advice on business operations and follow up on the company's performance, particularly in the development of internal control systems and good governance principles, and to prepare for STelligence to be listed on the Thai stock exchange. This will be another dimension to the help that Bualuang Ventures can provide to STelligence to ensure its steady growth.

Mr. Krit also added that by partnering with STelligence, Bualuang Ventures will also be exploring ways to offer enhanced digital transformation and data analytics services to Bangkok Bank's customers for large corporates and small and medium-sized businesses. As there are growing needs for IT and data analytics services from many businesses, this will further enhance the efforts of STelligence to grow its user base and reach new customers in a variety of industries.

“We see this deal as a reinforcement of Bangkok Bank’s position as a trusted partner. In addition to providing financial advice and services, which is the main role that the Bank delivers to customers, we are ready to help them adapt and prepare for new challenges. This includes introducing quality service providers such as STelligence to our customers who are looking for digital transformation solutions to improve their business operations to cope with emerging challenges and opportunities while growing the business in a strong and sustainable manner,” said Mr. Krit.

Dr. Santisook Limpeeticharoenchot, Chief Executive Officer of STelligence, said “We are very pleased that Bualuang Ventures is confident in us and recognizes the importance of Big Data analytics and leveraging data for data analytics, cybersecurity, cloud computing and AI. Bualuang Ventures sees our potential and has provided funds for us to grow and offer an even wider range of services to support the growth of IT solutions for Bangkok Bank customers and meet the needs of customers.

For this fundraising, STelligence plans to use the funds to expand its business and as the working capital to support the growth of the company with the aim of being listed on the Stock Exchange of Thailand in the future. The company will invest in the development of new solutions that are easy to use, solve problems and meet the needs of customers of the Bank and other industries including small, medium and large organizations. The company aims to enhance the capability of data analytics to be accurate and professional so that businesses can use the information to make decisions and plan strategy that correspond to their objectives while enhancing competitiveness and efficiently solving problems. This fosters Thai businesses to grow in the digital era.

Dr. Santisook added that STelligence plans to expand its business in three areas as follows:

Enhance the capabilities of service, skills and new products to keep up with the rapidly changing needs in the Digital First era or the upcoming AI First era.
Expand a wider range of business partnerships to scale the company’s strengths in data analytics, automation and cybersecurity by aiming to build different types of ecosystems to enable strong, steady growth.
Develop new digital services such as cloud computing to speed up digital transformation in an organization, implement artificial intelligence to drive AI transformation to enhance business competitiveness, and use AI and automation to enhance cybersecurity services increase protection against cyber threats.

“In terms of the company's growth plan, we aim to achieve exponential growth in the next 5 years to be the cornerstone for the development of the organization for sustainable growth. We will accelerate the creation of new technology services and products that keep up with the rapid changes in today's world. We will also strive to continuously create business value for both customers and business partners while developing our team to have digital skills to be an important force in bringing digital technology to create added value for the organization and the society at large in the long run.”

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Bangkok Bank joins with "Big C" to expand its banking agent service at more than 1,600 Big C branches offering safe and convenient cash deposits with a minimum of only one baht plus a promotional 20-baht discount coupon on the receipt, from today to July 31

May 16, 2023

Bangkok Bank continues to expand its banking agent services by recently appointing Big C Supercenter as a new banking agent to provide convenient and secure cash deposits at check-out counters of more than 1,600 Big C branches. This reinforces the ‘trusted partner’ philosophy seamlessly across every financial transaction with the aim of having at least 200,000 banking agent locations in 2023. Customers can also take advantage of a special promotion for a 20-baht discount coupon on the receipt for cash deposits at Big C from today to July 31, 2023.

Bangkok Bank Executive Vice President Mrs. Prassanee Ouiyamaphan said Bangkok Bank is determined to continuously develop better financial products and services to meet every lifestyle of all customer segments and enhance customer experience in every transaction as a trusted partner. Most recently, Big C Supercenter has been appointed as a new banking agent to provide convenient and secure cash deposits through Big C's check-out counters (cashier) at more than 1,600 branches nationwide. This cooperation will enhance the service level and provide even greater convenience to customers of both Bangkok Bank and Big C. The banking agent service is a part of the Bank’s effort to provide seamless online and offline transaction services. The Bank aims to have at least 200,000 service points at Bangkok Bank's banking agents in 2023.

“This partnership will help the Bank better meet the diverse needs of different customer segments as Big C Super Center has a nationwide branch network with large customer base, as well as service hours that differ from our Bank branches, which make them well suited to be our banking agent. Customers can conveniently make cash deposits at the check-out counter, with a minimum of one baht. Moreover, the Bank will continue to enhance its services by working with Big C to develop financial products and services that meet the needs of customers of both organizations. The Bank will open the authentication services at Big C in June this year,” Mrs. Prassanee said.

Dr. Piyawan Piyapong, First Executive Vice President - Digital Platform, Big C Supercenter Public Company Limited said Big C Supercenter currently has 1,600 branches nationwide, including Big C Supercenter, Big C Extra, Big C Food Place, Big C Market and Big C Mini, with more than 18 million Big Point members. Big C Supercenter is proud of the long-term relationship it has with its loyal customers who shop there because of its wide range of quality goods and household appliances. Big C has said it is committed to joining with strong partners to enhance its services to meet the various needs of customers. To be appointed as a Banking Agent by Bangkok Bank emphasizes Big C’s service capability and benefits both Big C and Bangkok Bank in growing their customer base in the future.

“We believe this collaboration with Bangkok Bank will make Big C’s service capability even more comprehensive and able to meet needs of all customer groups and lifestyles. The partnership makes customers’ life easier by reducing travel time as customers can do their shopping and pay their water bill, electricity bill, mobile phone top-up and deposit cash, all at a single location.”

Customers can deposit cash into their Bangkok Bank savings and current accounts easily using their Citizen ID smartcard and mobile number and make transactions at check-out counters (cashier) of Big C Supercenter, Big C Extra, Big C Market, Big C Food Place and Big C Mini (only participating branches) from 9.00 a.m. – 10.00 p.m. Once the transaction is completed, a cashier will give customers a receipt for their records.

Special! Customers depositing cash into their Bangkok Bank account at Big C from today until July 31, 2023 get a free discount coupon of 20 baht for their purchase of goods up to 100 baht per receipt (The Bank and company’s conditions apply). For more information, please call Bualuang Phone 1333 or 0-2645-4555 or check out more details about the Bank’s Banking Agent on https://www.bangkokbank.com/th-TH/Personal/Other-Services/Banking-Agent/BigC or Big C’s Call Center at 1756.

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Bangkok Bank joins Money Expo 2023 to enable customers to access sustainable finance including green loans, digital banking and investments while emphasizing its role as a ‘trusted partner’ by inviting Thai people to drive Thailand towards becoming a ‘Green Economy’

May 11, 2023

Bangkok Bank Executive Vice President Pochanee Kongkalai, Suyanee Puripanyawanich and Pornpimon Trongtiengdham, Bualuang Securities Public Company Limited President Pichet Sithi-Amnuai, Bualuang Asset Management Company Limited Managing Director, Head of Business Distribution Wasin Wattanaworakijkul, Bangkok Capital Asset Management Company Limited (BCAP Asset) Managing Director Mayvadee Prasertsubtanah, Bangkok Life Insurance Public Company Limited President and Chief Executive Officer Chone Sophonpanich and Bangkok Insurance Public Company Limited Executive Vice President Lasa Sophonpanich welcomed to the Bank’s booth at Money Expo Bangkok 2023 the Chairman of the Stock Exchange of Thailand Dr. Prasarn Trairatvorakul who presided over the event and Money Expo President Santi Viriyarangsarit. Bangkok Bank’s booth promoted the concept of “Inspiring Your Future” to create a better future with customers by providing sustainability-focused financial products and services ‘green loans-digital banking-investment’ while emphasizing its role as a ‘trusted partner’ by inviting Thai people to drive Thailand towards ‘Green Economy’ at Money Expo 2023, from May 11-14, 2023, at Challenger Hall 2-3, Impact Muang Thong Thani.

Bangkok Bank Executive Vice President Pochanee Kongkalai said the Bank’s booth supported Money Expo 2023’s Green Finance for Green Living theme by encouraging people and businesses to realize the importance of, and have greater access to, green financing to help to conserve and protect the environment. Bangkok Bank, which is committed to sustainable development, adopted “Inspiring Your Future” as the theme for the booth to help customers achieve a better financial future and create a more sustainable world through the Bank’s financial products, such as green loans and sustainable investments. The booth’s design was inspired by nature and comprised organic lines combined with a minimal contemporary style which embodied elegance and reinforced the Bank’s position as the "leading regional bank".
At the event, the Bank profiled financial products and services that meet the needs of customers and provided special promotions for transactions. The products and services are categorized as follows:

Bualuang Green Loans supports individual customers and SMEs to have access to new financial services for their sustainable growth as well as various loan services.

Bualuang Home Loans and Bualuang Poonphol Green Loans are multi-purpose loans for green and sustainable home improvements, such as using clean and renewable energy innovations or universal designs for the elderly or disabled. The Bank provides a credit limit of up to 10 million baht for 100% of the value of the loan purpose and up to 80-90% of the appraised value of the collateral with loan repayments for up to 10 years. People who apply for and register for Bualuang Home Loans and Bualuang Poonphol Green Loans at the event will receive special interest rates and promotions. Those who apply for a loan and submit at least three required documents at the event get a Home Loan Bag worth 179 baht
Bualuang Green Loan for SMEs that wish to invest and/or improve their operations to be sustainable and support a low carbon economy by focusing on activities that reduce/emit no pollutants, reduce CO2 emissions, and are friendly to society and the environment. Businesses may apply for green loans with a credit limit of up to 50 million baht, a maximum of 8 years repayment period, and special interest rates. There is also a 'Bualuang Green Solar Energy' loan for SMEs who wish to invest in installing solar cells in factories and office buildings. In a special offer, those who apply for SME loans at the event will get one SME Giftset worth 150 baht and a hot-and-cold water bottle worth 400 baht when applying for a loan of 10 million baht or more and completing documents within the event.
Bangkok Bank credit cards boost the power of spending with many privileges from the network of stores and various promotions and make every spending worthwhile.

Everyday Banking enables customers to thrive in the world of finance and provides for convenient investments in the digital age by making every financial transaction easy and able to be done anywhere, anytime, while ensuring maximum safety.

Bangkok Bank Mobile Banking New customers who apply for Bangkok Bank Mobile Banking at the event will receive a Be Mobile bag with a set of cloth masks worth 358 baht. In addition they will get a Shopee discount code of 100 baht when applying for Bangkok Bank Mobile Banking and making one money transfer on the same day the same day of the first logon (April 1 to May 31, 2023).
Be1st Digital AIS Points, a favorite card for online shoppers, offers a waiver of 300 baht on the entrance fee and customers will also receive up to 200 AIS Points when applying for the card and shopping online. They will receive one AIS Point for every 200 baht spent or up to 100 points per card per month (March 27 to August 31, 2023). They will also receive an ECO Bottle, worth 259 baht if they apply for any type of Be1st Digital debit card and pay the fee at the event,
e-Savings account Those who open e-Savings account and apply for Bangkok Bank Mobile Banking or open a Sinmathaya Subthawee savings account with 2,000 baht or more at the event will receive a Be Cool bag worth 199 baht. In addition, they will get a Shopee discount code of 100 baht when opening an e-Savings account, applying for Bangkok Bank Mobile Banking, and completing two transactions (February 1 to May 31, 2023).

Investment for the future enables customers to build wealth for a secure future through a variety of investments, led by green and sustainable investments, as well as investment products from leading business partners.

Bualuang Sustainable Investing Portfolio (B-SIP), an alternative investment focusing on companies that drive sustainability. The investment is diversified across international markets to seek better returns. The destination funds are under the management of Pictet Asset Management, a global wealth and asset manager with expertise in sustainable investment.
BCAP Clean Innovation Fund from Bangkok Capital Asset Management. The Fund invests in investment units of an offshore equity fund and the Destination Fund diversifies its investments by investing in securities or financial instruments of companies that benefit from business operations related to environmental sustainability innovation such as clean energy, Electric Vehicles (EV), circular economy & waste management and energy storage.
Tax-Saving Funds from Bualuang Asset Management and Bangkok Capital Management. Retirement Mutual Funds (RMF) help to prepare for your retirement while Super Savings Funds (SSF) provide a long-term savings plan with tax benefits. Customers who invest in RMF/SSF worth 100,000 baht, receive one classic bag valued at 200 baht or receive a neck pillow valued at 400 baht when they invest in RMF/SSF worth 300,000 baht or more.
Introducing Agent Service from Bualuang Securities. When opening a Securities Trading Account with Bualuang Securities and using your Bangkok Bank account for securities trading via the Automatic Transfer System, receive a Bualuang Eco Bag / worth 200 baht.
Life and non-life insurance from our partners, AIA, Bangkok Life Assurance and Bangkok Insurance that provides a wide range of protection as well as efficient long-term financial planning while managing potential risk from unexpected events. When applying for participating life or non-life insurance and paying the first-year premium, customers will receive a gift voucher worth up to 1,000 baht.

Other special offers at the event include a gift worth up to 295 baht when a customer applies for a participating product and meets the criteria and a personalized upcycling clutch bag worth 359 baht when they apply for two participating products and meet the criteria. The offers are subject to Bangkok Bank’s terms and conditions.

“In addition to offering financial products and services, Bangkok Bank is committed to driving social change that supports sustainability through developing product and services to support the transformation to a green economy. Moreover, the development of digital banking services which are convenient when making transactions reflects our commitment to sustainable business development and being a trusted partner who stands by the side of customers for sustainable growth,” said Ms. Pochanee.

Interested customers can receive financial and investment advice, apply for services and receive promotions at the Bangkok Bank booth at Money Expo 2023 from May 11-14, 2023 at Challenger Hall 2-3, Impact Muang Thong Thani.

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Bangkok Bank reports a net profit of Baht 10,129 million for the first quarter

April 20, 2023

The Thai economy continued to expand in the first quarter of 2023, driven mainly by an increase in the number of foreign tourists, which promoting employment and private consumption. At the same time, exports show signs of rebounding after contractions in the previous period. Looking ahead, the Thai economy continues to face risks from the subduing global economy, persistent inflationary pressure, prolonged geopolitical conflicts, and episodes of banking stresses in advanced economies. These are important factors that need to be closely monitored.

Amid the ongoing economic uncertainties, Bangkok Bank continues to place importance on prudent risk management, together with maintaining its financial stability, liquidity, and capital at an appropriate level. Meanwhile, Bangkok Bank places a high value on working closely with customers and advising them on how to modify their business model in response to the changing market situation, including digital technology, new innovations, environmental, social, and governance trends. This is to create value for customers to grow their businesses in a sustainable way in line with our philosophy to be a trusted partner and reliable close friend.

Bangkok Bank reports a net profit of Baht 10,129 million for the first quarter of 2023

Bangkok Bank and its subsidiaries reported a net profit of Baht 10,129 million in the first quarter of 2023, increasing from the fourth quarter of 2022. Net interest income was at a similar level to the previous quarter from higher interest income following the rise in interest rates, offsetting higher interest expenses due to the increase in deposit rate and the resumption of the FIDF fee at a normal rate of 0.46 percent. The net interest margin was 2.84 percent. Non-interest income increased mainly from gains on financial instruments measured at FVTPL in line with the market situation, and net fees and service income slightly increased. The cost to income ratio declined to 46.8 percent. In accordance with the Bank's prudent management, the expected credit losses were set aside at Baht 8,474 million, considering global economic volatility that may affect the Thai economy's recovery in the future.

Bangkok Bank maintains a healthy financial position, robust liquidity and capital positions under its prudent management approach for sustainable growth

At the end of March 2023, the Bank’s loans amounted to Baht 2,640,090 million, a slight decrease of 1.6 percent from the end of 2022, due mainly to loans to business customers and loans made through the Bank’s international network. The ratio of non-performing loans to total loans was at a manageable level of 3.1 percent. Given the Bank continues to set aside expected credit losses in line with its prudent approach, the ratio of allowance for expected credit losses to non-performing loan remained strong at 265.1 percent.

As of March 31, 2023, the Bank’s deposits amounted to Baht 3,205,989 million, the same level as the end of 2022. The loan to deposit ratio was 82.3 percent. Meanwhile, the total capital adequacy ratio, Tier 1 capital adequacy ratio, and Common Equity Tier 1 capital adequacy ratio of the Bank and its subsidiaries were 19.2 percent, 15.7 percent and 14.9 percent respectively, comfortably above the Bank of Thailand’s minimum capital requirements.

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Bangkok Bank and AIA invite Thai people to take care of their health with “AIA Vitality” for health-exercise-mission. The healthier you get, the more premiums are reduced, up to 25%

March 27, 2023

Bangkok Bank joins AIA Thailand to offer special benefits for customers who purchase bancassurance with "AIA Vitality", a comprehensive health care program covering health assessment, exercise advice and health service. The healthier you get, the more premiums are reduced, up to 25%. This is to emphasize the Bank’s role as a “trusted partner” who understands customers and always provides them with good experiences with the hope that they will have a better quality of life in the long run.

Bangkok Bank Executive Vice President Pornpimon Trongtiengdham said that the Bank has partnered with AIA Thailand as a bancassurance alliance to develop more cooperation to deliver a special experience and privileges to customers through "AIA Vitality", a wellness program that will provide guidelines for taking care of yourself to be healthy. At the same time, the program also offers special discounts on the first insurance premium of up to 10% of the standard premium and in the renewal year of up to 25% of the standard premium according to AIA Vitality status. This will help extend the benefits for customers who purchase Be Together insurance and riders and participate in the program through the channels of Bangkok Bank.

The Bank is confident that the “AIA Vitality” program will help customers enjoy receiving health care advice. The benefits range from online assessments to know your health, access to health services, proper and regular exercise as well as various missions in everyday life that will help promote better health and well-being while gaining knowledge about comprehensive health care. Each activity will have points for customers to accumulate so they can upgrade their membership status of "AIA Vitality". The higher the status, the more privileges will be offered as discounts on insurance premiums including benefits from various partners.

“It is important to truly understand the needs of our customers as it will make us ready to be a “trusted partner” who always recommends quality products and services to create good experience for customers. At the same time, the Bank has also received good cooperation from AIA Thailand for meeting the needs of customers in areas such as planning for savings and investments, passing on wealth to children, and short-term health coverage that is easy to buy with refunds if you don't make a claim. This time it has been extended to the "AIA Vitality" program, which will help create an experience that goes beyond insurance for customers of all ages. We sincerely hope that “AIA Vitality” will promote good health and improve the quality of life for Bangkok Bank customers,” said Miss Pornpimon.

AIA Thailand Chief Strategic Bancassurance Alliance Officer Miss Jane Tay said that: “AIA as a long-term bancassurance partner of Bangkok Bank, aims to support over a billion people across Asia to lead healthier and better lives. We value and would like to take care of Bangkok Bank customers. In addition to delivering life and health coverage, AIA is also committed to helping Bangkok Bank customers adjust their lifestyle for better physical, mental and financial health. Bangkok Bank customers who purchase life insurance with participating riders, can apply to be an AIA Vitality member for free. AIA Vitality is a health program developed on a scientific basis to provide advice for members on healthier lifestyles over the long term as well as a discount of up to 10% for the first premium payment and a discount of up to 25% discount in subsequent years, depending on the member's AIA Vitality status. The higher the AIA Vitality member status, the higher the percentage discount. The program also provides benefits from many leading partners. The additional riders for the AIA Vitality program through Bangkok Bank channels are:

Riders with coverage for critical illnesses

AIA CI Plus covers 44 diseases / treatments of critical illnesses
AIA CI Care covers 18 critical illness diseases in the early to intermediate stage and 44 critical illness diseases in the severe stage

Riders for medical expenses and daily hospitalization benefit

AIA Infinite Care (new standard) High protection, worldwide coverage, comprehensive treatment plans (depending on chosen coverage areas)
AIA Health Happy lump sum benefits for certain medical expenses and not exceeding the specified amount. For critical illness, the maximum benefit will be double the sum insured in the policy year in which the insured receives treatment for a critical illness. and continuously for another 3 policy years
AIA H&S Extra (new standard) Coverage for inpatient medical expenses plus worthwhile outpatient benefits with special compensation
AIA HB Extra Coverage for daily hospitalization benefit

“We believe that the collaboration on developing an application channel for AIA Vitality programs via Bangkok Bank channels will reinforce both AIA Thailand’s and Bangkok Bank’s commitment in supporting customers to have a healthier and better life in a sustainable way,” said Miss Jane. For customers interested in "AIA Vitality" products, please seek for consultation and advice for life insurance planning by contacting Bangkok Bank branches that offer this service, call Bualuang Phone 1333 or 0-2645-4555 or contact AIA Call Center 02-353-8855 daily from 8:00 a.m. to 10:00 p.m.

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Bangkok Bank joins AIS 5G to drive the Digital Economy, connecting intelligent networks and financial solutions to your digital lifestyle with “Be1st Digital AIS POINTS” debit card. Customers can collect points while feeling safe and secure in every online shopping experience.

March 26, 2023

Bangkok Bank and AIS 5G, leaders in the financial services and telecommunications industries, are cooperating to drive the growth of the country's digital economy. Using their strengths in intelligent network and financial innovation, Bangkok Bank and AIS 5G are connecting the digital experience for customers and creating opportunities for Thai people to access new forms of financial services on digital platforms by introducing the Be1st Digital AIS POINTS debit card. This debit card will transform customers’ online shopping experience with special privileges from AIS Points and financial services with the highest security from Bangkok Bank. For every online purchase of 200 baht, customers will receive one AIS Point that can be redeemed for many privileges including telephone or internet charges, LINE stickers, food and beverage, or exchanged for discounts from leading brands covering all lifestyles with more than 1.8 million stores nationwide on myAIS app. In a special offer for customers who apply for the “Be1st Digital AIS POINTS” debit card within August 31, 2023, there will be fee waivers and up to 200 AIS Points.

Bangkok Bank Executive Vice President and Credit Card Division Manager Shoke Na Ranong said that: Bangkok Bank, a leading regional financial institution and AIS, a leader in digital services and communication networks, jointly launched “Be1st Digital AIS POINTS” debit card, the first co-branded card that delivers a convenient, fast, and highly secure payment experience for goods and services through online stores. This debit card caters to the habits and lifestyle of today's consumers as well as offering value for every online spending. For every 200-baht in spending, customers will receive one AIS point and up to 100 points per card per month to redeem various privileges from AIS.

“Be1st Digital AIS POINTS” debit card is offering convenience and the option of using the digital card or the physical card, which is sent to customers’ given address during the application process, or both. This card covers various transactions via Bangkok Bank Mobile Banking including withdrawals, transfers, and payments via ATM as well as contactless payments. Customers can use the card with confidence as the Bank utilizes the same technology as Be1st Digital Card which was awarded the “Debit Card of the Year” at the Global Retail Banking Innovation Awards 2022 by The Digital Banker magazine and the “Most Innovative Debit Card Offering Thailand 2023” from World Economic magazine, a leading online business magazine in the US.

“This is a remarkable collaboration between Bangkok Bank and AIS that combined our strengths to develop “Be1st Digital AIS POINTS” debit card with the aim to provide better experiences to customers. The card enables customers to have convenient and fast online transactions, modify or set personal spending limits, as well as to check spending amounts by themselves via Bangkok Bank Mobile Banking with ease and security. In addition, it also offers value from AIS Points and opportunities to offer good products to AIS' customer base of more than 46 million. We are confident that the card will attract interest from customers, and we expect at least 6 million applications within 5 years. This will help us achieve our goal to become a leader in digital payment solutions in line with the development of Thailand’s digital economy,” said Mr. Shoke.

Mr. Tee Seeumpornroj, CFO of AIS, added that: “AIS is committed to developing digital technology infrastructure to be capable and ready to connect with main industries in order to create growth for the country's digital economy. Throughout the years, we have believed in working with our partners. Today, AIS continues to build an ecosystem using our combined strengths to create various benefits for Thai people and the country.”

“Our cooperation with Bangkok Bank has reaffirmed the goal of working in customer care through the AIS Points program by bringing the potential of the intelligent network to create opportunities for Thai people to access financial services and receive AIS Points from online shopping via Be1st Digital AIS POINTS debit card. This enables our customers to earn points from our partners while using AIS services. At the same time, customers can also use their points with AIS partner stores that cover all digital lifestyles, with more than 1.8 million stores nationwide and another 20,000 leading brands in department stores, retail stores, street food and food carts across the country on the myAIS app.”

“We believe that this partnership will enhance our work for our customers. In addition to providing customers with a digital experience for shopping online, this cooperation will create benefits for all parties involved. This includes customers of AIS and Bangkok Bank and merchant partners who are in the network of the AIS Points program across the country,” concluded Mr. Tee.

The Be1st Digital AIS POINTS debit card comes with cute Nong Aunjai characters in 4 designs for customers to choose from in the form of both digital and physical cards. The card features the highest level of transaction security according to world-class standards with the same technology as the Be1st digital card, supporting various financial transactions. Bangkok Bank and AIS customers can easily apply for the card via Bangkok Bank Mobile Banking.

Customers who apply for the Be1st Digital AIS POINTS debit card from today until August 31, 2023, will receive additional privileges including fee waivers worth 300 baht. New customers who open an e-Savings account with Bangkok Bank Mobile Banking will receive 200 AIS points for their first online purchase via the card, while existing customers who apply for the card will receive 100 AIS points for their first online purchase via the card. What’s more, every 200 baht spent on online shopping via the Be1st Digital AIS POINTS card will receive one AIS point, for up to 100 points per card per month. Customers can redeem points for many privileges, including telephone or internet charges, LINE stickers, food and beverage and discounts on leading brands covering all lifestyles with more than 1.8 million stores nationwide on myAIS app. Interested persons can ask for more information at Bualuang Phone1333 or 0-2645-5555 or contact AIS at https://www.bangkokbank.com/th-TH/Personal/Cards/Be1st-Smart-Card/Be1st-Digital-AIS-POINTS.

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Bangkok Bank is Thailand’s first bank to expand L/C service via commercial blockchain to the oil and gas industries, joining with Bangchak in providing the service, reinforcing its position as a ‘trusted partner’ enhancing efficiency and reducing transaction time for customers

March 08, 2023

Bangkok Bank is Thailand’s first bank to expand a full service of L/C on Blockchain via Contour to the oil and gas industries. The Bank has joined with Bangchak to launch a new service for overseas partners which reduces the transaction time from three days to less than three hours. The service is fast and convenient, digitalizes all processes and is available for customers right away.

Bangkok Bank Executive Vice President Pipat Assamongkol said the Bank has launched L/C on Blockchain, an innovation that makes trade finance easier and more efficient. This is Thailand’s first full L/C on Blockchain service. Bangchak Corporation Public Company Limited has selected Bangkok Bank’s L/C on Blockchain to open L/C with trade partners’ banks overseas and it plans to continually use this service for transactions starting from February onwards. The initial Bangchak transaction is also Bangkok Bank’s first L/C on Blockchain provided to a business in the oil and gas industry

“This is another major success story for trade finance service’s development as it brings in a new technology to support the working process to be faster and more efficient. All processes for this service will be digital and paperless while it will reduce the L/C transaction time from three days to less than three hours. The trade finance transactions are recurrent, so the service will clearly enhance business efficiency”

Ms. Phatpuree Chinkulkitnivat, Senior Executive Vice President, Accounting and Finance, Bangchak Corporation Public Company Limited said Bangchak is committed to drive transformation in the energy business by focusing on continually developing innovation for sustainable business operations. Bringing in Blockchain to upgrade the L/C transaction process for Bangchak’s international trade is another major move by Bangchak to increase its operational efficiency. Joining with Bangkok Bank in using Blockchain technology for electronic L/C transactions via Contour, a leading platform provider, with world class security standards, is another step to enhance Bangchak’s international trade transactions as its partners can check transaction details clearly and transparently.

Mr. Pipat said Bangkok Bank is the first and only Thai bank that joined with world leading banks and partners to establish Contour and it has been participating in the service development since 2019. The Bank also trialed Cross Bank L/C on Blockchain on the Contour Network with three major clients at the beginning of 2021, which went smoothly and effectively and met the needs of trade finance customers, both importers and exporters. Subsequently, the service was fully commercialized and launched in November, 2021.

Up to now 20 banks have joined Contour, covering more than 50 countries worldwide in Europe, American, Africa, Middle East and Asia Pacific. A highlight of L/C on Blockchain is that it uses Distributed Ledger Technology (DLT), or the Enterprise Blockchain Platform, which enables customers to conduct all transaction processes digitally, so all trade partners can see real-time data and make transactions quickly, transparently, greatly reducing operational costs compared with the traditional paper process. This is in line with the current and future international trade situation that will require speed and secure transactions.

“The Bank has been dedicated to continually develop financial technology in recent years. This proves that we can adopt technology for practical use in financial services which fully revolutionizes traditional trade finance services. We believe that our experience in continually co-developing this service will play a major role in upgrading Bangkok Bank’s trade finance services to be stronger and able to meet needs of both business customers and trade partners overseas. This also enhances our customers’ competitiveness in the global market which is Bangkok Bank’s key role as a ‘trusted partner’, standing beside customers in any situation and providing quality financial services, modern technology, experience and business advice to support customers to grow strongly in the future”, said Mr. Pipat.

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Bangkok Bank invites customers to invest in Japanese real estate which is 30% cheaper due to the weakest yen in a half-century and low interest rates.As a ‘trusted partner’ Bangkok Bank takes Thai businesses and investors to Samurai land

February 27, 2023

Bangkok Bank says there are great opportunities to invest in real estate in Japan’s tourism sector as the yen has depreciated by 30% and is at its weakest level in past 50 years. The Bank can provide loans in the local currency so people can take advantage of negative interest rates and eliminate currency exchange risks, while taking advantage of trends such as the aging society and the rising youth market. The Bank has a deep understanding of the Japanese market as a ‘trusted partner’ that takes Thai businesses to Japan.

Mr. Thawee Phuangketkeow, Senior Vice President and General Manager – Japan Branches and the Tokyo Branch Manager said the yen has depreciated by 25 – 30% which is a rare occurrence that only happens once in 50 years. This is a great opportunity for High Net Worth customers and Thai entrepreneurs interested in investing in assets in Japan at s special low price, especially real estate, land, houses and condominiums Japanese law allows foreigners to own real estate for both investment and to live.

“We believe the government of Japan will continue to attract tourists in the long term to boost economic growth and the hospitality sector will be a major industry. Large international hotel chains currently compete to invest in these assets for their business expansion and they are also enjoying benefits from the weak yen which only happens once in 50 years. There are opportunities for Thai entrepreneurs to invest in Japan for business or to buy assets to live. Many people buy condominiums in Hokkaido to stay a month per year for their ski trip. There are Asset Management companies that can help manage the properties by renting them out under the Airbnb scheme including daily, weekly, monthly rentals which generates income”.

For future opportunities in Japan, Mr. Thawee said two interesting markets are the aging society, as people aged 65 and over account for 30% of population. They have their lifetime savings and focus on consuming services that make their life convenient e.g. healthy food delivery or full service hotels. Another market is teenagers. This group is growing in number but they don’t have high purchasing power, they don’t cook and prefer economically priced food, but they don’t care about a brand. These teenagers are not interested in full-service hotels but prefer to stay at Airbnb accommodation.

Mr. Thawee said that businesses or individuals investing in Japan may apply for loans from financial institutions instead of using their own capital as Japan’s interest rate is still very low and there are negative deposit interest rates. Loans should be made in yen to reflect income in yen to reduce risks from currency exchange. This is an important market opportunity for Bangkok Bank’s Japan branches because Bangkok Bank is the only Thai bank in Japan that provides a full financial service and it has a license to operate a financial institution which is similar to local banks. This means the Bank can provide deposit and loan services in local currency and can fulfill customers’ needs.

“Our strength is our service as we truly understand Thai people, focus on keeping good relations, and we take care of customers in the long term. We have been in Japan for 68 years and have branches in Tokyo and Osaka. We are confident that we deeply understand the Japan market and businesses. We have a team of Thai and Japanese people who are ready to be a ‘trusted partner’ to take Thai businesses and investors to the Japan market smoothly and to grow together in the long term”, said Mr. Thawee.

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Bangkok Bank supports house owners to become more energy efficient or accommodate the senior/disabled Bualuang Poonphol Green Loan offers a special interest rate starting at MRR-1% per annum throughout the loan term when using the property as collateral FREE! Appraisal fee and get an e-Voucher valued at 2,000 baht

February 15, 2023

Bangkok Bank launched “Bualuang Poonphol Green” a new loan for customers who want to renovate their house to be more energy efficient by installing a solar rooftop or EV charger or renovating it to be able to accommodate senior or disabled persons. The loan offers a special interest rate throughout the contract starting at MRR-1% per annum. Under this loan scheme, those interested can use their residential title as collateral, while existing Bualuang Home Loan customers and customers refinancing their home loan from other banks can request additional finances. Bangkok Bank is waiving the appraisal fee and offering an e-Voucher valued at 2,000 baht to the first 200 customers who withdraw the loans. Customers who want to take out the loan to buy a new house with energy saving technology will receive a special interest rate for the first 3-6 months.

Miss Suyanee Puripanyawanich, Bangkok Bank Executive Vice President and Manager of Consumer Product Development said global warming, climate change and PM 2.5 resulting from increased energy consumption and CO2 emissions have led more people to be aware of energy and environment conservation. Bangkok Bank as a leading regional bank has a commitment to sustainable growth and ESG and has developed financial products and services under ESG principles.

Recently, the bank introduced “Bualuang Poonphol Green” loan which customers can use to renovate their house, using their property as collateral. The loans are available up to 10 million baht and can be used for installing clean or alternative energy innovation or technology including solar rooftop, a ventilation system, or EV charger. Customers can also use this loan for home improvements to accommodate senior or disabled residents such as building a ramp for a wheelchair, designing a wider walkway, or installing elderly or disabled-friendly equipment.

The loan offers a low interest rate throughout its term. For customers using a residential title as collateral, the interest rate will be MRR-0.75%, equivalent to 6.05% per annum. Existing Bualuang Home Loan customers and customers refinancing from other bank can also apply for the Bualuang Poonphol Green loan and receive an interest rate of MRR-1%, equivalent to 5.80% per annum. The credit limit is up to the renovation value or 10 million baht. The maximum loan term is 10 years. (Bangkok Bank’s MRR is 6.80% per annum, according to the Bank’s announcement on January 27, 2023. Terms and conditions apply.)

Additionally, the Bank is also offering a Central Group e-Voucher valued at 2,000 baht and waiving the appraisal fee for the first 200 customers whose loan is approved and who take out a loan of 500,000 baht or more by June 30, 2023.

Bangkok Bank also provides a special interest rate for 3-6 months on “Bualuang Home Loan” for customers who want to buy a new residential property from a property project using technology or innovation for clean or alternative energy. Customers can choose to receive the special interest rate as a special offer to the property project.

“Bangkok Bank as a thinking partner is ready to provide a housing loan for energy saving because it will benefit the environment, air quality and wellbeing in the long term. Customers can also save on the cost of energy which is likely to increase over time. Furthermore the loan for house improvement to accommodate the elderly and disabled will provide more safety and convenience in life”, Miss Suyanee said.

Interested customers can find more information about the loan from www.bangkokbank.com/HomeEquityLoan , Bangkok Bank branches nationwide or Bualuang Phone at 1333 or 0 2645 5555.

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Bangkok Bank reports 2022 net profit of Baht 29,306 million

January 19, 2023

In 2022, the Thai economy continued to recover after an improvement in
the Covid-19 situation coupled with the key economic drivers of tourism, private consumption and foreign investment. However, export growth began declining in line with lower demand from trading partners after midyear. Going forward, Thailand’s economy continues to be challenged by the global economic slowdown, rising policy interest rates worldwide, and uncertainties from prolonged geopolitical conflicts. Nevertheless, Thailand’s reopening to international travel, especially Chinese tourists, will make a significant contribution to the economy in 2023. The number of tourist arrivals during the year is expected to exceed 20 million, representing more than 50 percent of pre-pandemic levels.

Despite the fact that the Thai economy recovered from the effect of the Covid-19 pandemic, it is likely to face challenges in global economic uncertainty going forward. As such, Bangkok Bank places a high value on closely monitoring both business and individual customers to assist them in dealing with future economic challenges while also taking into account their current situations. The Bank works as a trusted partner and reliable close friend to advise businesses on how to adjust their business model to meet the needs of the changing business landscape, including digital technology, future world innovation, environmental, social and governance issues, and the needs to create opportunities for sustainable business. At the same time, the Bank emphasizes the importance of prudent risk management, together with maintaining its financial stability, liquidity and strong capital positions.

Bangkok Bank reports an increase of 10.6 percent in net profit for 2022
In 2022, Bangkok Bank and its subsidiaries report a net profit of Baht 29,306 million, an increase of 10.6 percent from 2021. Net interest income rose by 24.4 percent due to higher loan volume and interest rates. The net interest margin increased to 2.42 percent in line with the rising interest rate trend and the Bank’s liquidity management. Non-interest income declined by 30.0 percent mainly due to lower gains on financial instruments measured at FVTPL in line with the market situation, as well as lower net fees and service income from the securities business, bancassurance and mutual funds, while fees from loan related and trade finance services increased. The cost to income ratio stood at 49.7 percent. The Bank set aside Baht 32,647 million in expected credit losses, a decrease of 4.4 percent from last year. This is consistent with the Bank’s prudent management by taking into account global economic volatility which may affect the recovery of the Thai economy going forward.

Bangkok Bank maintains a healthy financial position, high liquidity and capital positions under its prudent management approach for strong and sustainable growth
At the end of December 2022, the Bank’s total loans amounted to Baht 2,682,691 million, an increase of 3.6 percent from the end of last year, due mainly to increase in loans to large corporate customers and loans made through the international network. The non-performing loan to total loans ratio remained manageable at 3.1 percent. Under the Bank’s continuous prudent management approach, the ratio of the allowance for expected credit losses to non-performing loans remained strong at 260.8 percent.

As of December 31, 2022, the Bank’s deposits amounted to Baht 3,210,896 million, an increase of 1.7 percent from the end of December 2021. While the loan to deposit ratio stood at 83.5 percent. The 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 19.1 percent, 15.7 percent and 14.9 percent respectively, comfortably above the Bank of Thailand’s minimum capital requirements.

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