Bangkok Bank receives Money & Banking Award 2019 win in Bank of the Year and Best Booth Design Awards in Money Expo
July 11, 2019
Bangkok Bank President Chartsiri Sophonpanich led a team of management and employees to receive Money & Banking Awards 2019 in “Bank of the Year 2019”, this is the 11 th win in 13 years, beginning in 2007, additionally Bangkok Bank received the Best Booth Design Award in Money Expo 2019 in the large space category which was presented by Deputy Prime Minister Dr. Somkid Jatusripitak and Mr.Santi Wiriyarangsarit, Chair of the event. The Bank’s net profit in 2018 was the third-highest among Thai banks at Baht 35.3 billion, representing the highest net profit of 18.51 baht per share. In addition to its high profitability, Bangkok Bank was recognized for its prudent and steady approach in allocating reserves for doubtful accounts. Its total loan loss reserves in 2018 amounted to 147.5 billion baht, or 7.08% of total loans, which was also the highest amount among Thai banks. According to the Bank for International Standards, Bangkok Bank has a total capital adequacy ratio of 17.96%, comprising Tier-1 capital of 16.43% and Tier-2 capital of 1.53%. The Bank’s business has been guided by the philosophy of aspiring to be a trusted partner and reliable close friend. This emphasizes the value Bangkok Bank places on partnership, and developing long-term, trusted partnerships with its customers, sustaining relationships over decades and across generations. The Bank stays close to all its customers to anticipate their needs and provide them with appropriate advice and support, so they can adapt to changing circumstances.