Bangkok Bank wins ‘Bank of the Year 2018’ award from Money & Banking: its 8th win in 10 years
April 10, 2018
Bangkok Bank has been named ‘Bank of the Year 2018’ by Money & Banking magazine. This is the 8th win in 10 years, beginning in 2009, due to its outstanding performance and profit growth. The Bank’s net profit in 2017 was the third-highest among Thai banks at Baht 33.0 billion, representing the highest net profit of Baht 17.29 per share and the highest level of assets of Baht 3,076.3 billion. In addition to its high profitability, Bangkok Bank takes a prudential and steady approach in allocating reserves for doubtful accounts, and its total loan loss reserves in 2017 amounted to Baht 137.7 billion, or 6.87% percent 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 18.17 percent, comprising Tier-1 capital of 16.63 percent and Tier-2 capital of 1.54 percent. 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. In 2018 the Bank is putting its key focus on inspiring success, innovation leadership and inter-connection.
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