Bangkok Bank affirms its strong financial status under new BOT guidelines
September 26, 2017
The Bank of Thailand has announced new guidelines to identify and regulate ‘Domestic Systemically Important Banks’, or D-SIBs, and Bangkok Bank has been included in the Bank of Thailand’s list of systemically important Thai banks.
Bangkok Bank Senior Executive Vice President Chansak Fuangfu said Bangkok Bank maintains its prudent approach on financial management, maintaining liquidity and capital positions at levels sufficient to support future business expansion and cope with uncertainties that may arise, to ensure the Bank’s sustainable financial stability. As of June 30, 2017, the total capital adequacy ratio and the Tier 1 capital adequacy ratio of the Bank and its subsidiaries were 18.7 percent and 16.9 percent, respectively, sufficient to provide coverage against risks in various fields. The Bank is therefore in a strong position, with a higher total capital adequacy ratio and Tier 1 capital adequacy ratio than the minimum required under the Bank of Thailand's Basel III guidelines of 11% and 8.5%, respectively. This is sufficient to meet the requirements for additional capital under the D-SIBs guidelines.