Bangkok Bank and Thammasat University provide Thai startups with knowledge, experience, networks and funding
September 19, 2017
Bangkok Bank Senior Executive Vice President Siridej Aungudomsin revealed that the bank has signed a memorandum of understanding with Thammasat University to support the business growth and development of startup companies. This collaboration aims to develop the capabilities and build the potential of business operators to grow sustainably, as startup businesses play a greater role in the growth of the Thai economy.
“Bangkok Bank places high importance on the business development of startups and SMEs as they are key drivers of economic growth. In 2016, Thailand GDP for SMEs expanded by 4.8% and accounted for 42.1% of total GDP according to the Office of Small and Medium Enterprises Promotion (OSMEP). Startup businesses were important components of this and their contributions to the development of the Thai economy are expected to increase further. The collaboration between Bangkok Bank and Thammasat University will provide support and assistance for the development of startup businesses in Thailand with both practical and academic knowledge about business development.”
Under this collaboration, the two parties will use their expertise to jointly promote and develop the capabilities of Thai startups. Thammasat University is proficient in the academic disciplines required for operating a business while Bangkok Bank has the experience to help SMEs be successful. For example, Bangkok Bank supported an agricultural startup to develop tools for overcoming constraints by using a mobile phone application to test water and air quality and this gave the operator a high level of precision in calculating risks. Moreover, the bank can connect with customers in the Modern Agriculture project the bank has run for 18 years and these connections will help agricultural startups to advance even more quickly.
Mr. Siridej said Bangkok Bank has a great business network which can help link startups with other business networks so they can reach a wider market more easily and quickly. The bank can also provide financial management advice for startups with limited capital and help them find appropriate sources of funds such as loans or venture capital. The bank’s subsidiary, Bualuang Ventures, can invest in startups and provide them with advice and support.
"This is a collaboration and knowledge-sharing project between the government, private and educational sectors. Thammasat University will select the startups and analyze their business, develop an initial development framework and work with the entrepreneurs to set goals. The bank will then help with strategy, planning and advice about financial management, link startups with markets and help them find appropriate sources of funds. The goal is to enhance the competitiveness of medium and small businesses through technology, law, marketing, finance, accounting and systematic management," Mr. Siridej said.
Thammasat University Rector Professor Dr. Somkit Lertpaithoon said that as Thailand moves toward ‘Thailand 4.0’ it will require an ecosystem and innovative technologies that support startups' growth. This will require collaboration between many parties such as educational and financial institutions and the government and private sectors to contribute their expertise to drive innovative businesses.
“Recently, Thammasat Business School and the Thammasat Consulting Networking and Coaching Center (CONC) collaborated with Bangkok Bank to support innovation development for startups under an exchange program using a mentoring approach. Thammasat University will provide support and guidance in planning and expanding business, help with strategic planning and incorporating innovation into the business model, as well as connecting SMEs and startups with companies in the value chain. Bangkok Bank, which has business experience and strong corporate and SMEs networks, will act as a mentor, providing support and advice and coordinating with related businesses in the bank's network to help startups grow their business in a sustainable way,” Dr. Somkid added
As Thailand’s leading educational institution committed to developing Thai society through strong academic services, especially in Business Management, Science and Technology and Medical Science, Thammasat University aims to be at the center of the ‘Startup District’ and an ‘Entrepreneurial University’ by capitalizing on its research innovation. At present, it has more than 100 research projects in its pipeline waiting for sponsorship. Each year more than 50 percent of the university’s research projects are turned into commercial ventures. Thammasat University plans to create over 50 innovative technology startup entrepreneurs, focusing on the following six business strategies: 1) Agriculture and Biotechnology; 2) Medical technology, 3) Robotics, 4) Services, 5) Digital and 6) Energy and Environmental.
Bangkok Bank holds the 4th special event for special kids to see the world-class ballet ‘Cinderella’
September 14, 2017
Special event for special kids - Director of the Foundation for the Welfare of the Crippled under the Royal Patronage of Her Royal Highness the Princess Mother, Nintira Sophonpanich (Middle) Mrs. Janejira Prachuabmoh (2nd from Right) and Bangkok Bank Senior Vice President Human Resources Division Patima Chavalit (2nd from Left) joined with Chairman of International Cultural Promotions Ltd. J.S. Uberoi (3rd from Right) to host the 4th special event for special kids for 1,600 disabled and underprivileged children to see the classical ballet performance of ‘Cinderella’ performed by the Ekaterinburg Ballet & Opera Theatre with world-class stage productions and costumes designed by a prestigious Russian National Artist from St. Petersburg Vyacheslav Okunev. Also joining the event at the Thailand Cultural Center was the Russian Ambassador to Thailand H.E. Kirill Barsky (3rd from Left) and Deputy Director Administration Ratrawee Vetchayom Left). The ‘Cinderella’ special ballet performance event for special kids is a part of the Bangkok’s 19th International Festival of Dance and Music which Bangkok Bank has sponsored for eight consecutive years.
Bangkok Bank Congratulation to ASEAN Business Leader Generation 2nd Confident course step into the AEC Trading Field
September 11, 2017
Bangkok Bank Executive Vice President Virasak Sutanthavibul and Executive Vice President and Director of the ASEAN Business Leader Program (AEC Business Leader) Chaiyarit Anuchitworawong Congratulation to the trainer AEC Business Leader Program Generation 2nd 53 persons. All the Executive, Entrepreneur, Businessman and Business Successor from the potential Thai Company and the vision of the pioneering the AEC market. This Generation we focus on marketing mechanisms is trading system and regulations at Cambodia. Because this country with an interesting economic growth. Cambodia government has also continued to improve trade and investment policies that are conducive to foreign investors. It also focuses on promoting small and medium business or SMEs. For those who interesting in attending this Program. Bank preparing to launch Third Generation on last quarter of the year. For more information please visit www.bangkokbank.com or AEC Connect Center Tel. 0-2230-1507 and 0-2230-2758 or E-Mail AECconnect@bbl.co.th
Bangkok Bank paves the way to a cashless society with pilot of QR Code payment at ‘Soi Lalai Sup’ market, highlighting its all-in-one app Bualuang mBanking
September 08, 2017
No Cash Needed – Bangkok Bank Executive Vice Presidents Prassanee Ouiyamaphan and Pochanee Kongkalai, along with bank staff, went to ‘Soi Lalai Sup’ market on Silom Road to promote the QR Code Payment via PromptPay service that supports the government’s goal to create a cashless society. The new feature can be used through Bualuang mBanking, an all-in-one and very convenient app, by creating and scanning a QR Code for PromptPay transfer, with a special promotion of Baht 500 cash back to shops that join the Bank of Thailand’s regulatory sandbox with Bangkok Bank. The Bank will soon be the first to launch QR Code payment via debit and credit cards.
Bangkok Bank supports Bualuang for KidBright project: Smart electronic circuit board to boost young people’s creativity and logical thinking
September 06, 2017
Bangkok Bank President Chartsiri Sophonpanich received a commemorate trophy from Science and Technology Minister Dr. Atchaka Sibunruan to show her gratitude to the bank for providing 500 KidBright circuit boards as part of the ‘Bualuang for KidBright’ project, aimed at boosting young people’s creativity and their ability to think in logical ways. Mr. Chartsiri inspected finished work from the project’s pilot schools. These had used the circuit boards to build things that promote the late King Bhumibol’s sustainability philosophy. Bangkok Bank values the development of innovative technology and supports the work of the National Electronics and Computer Technology Center, National Science and Technology Development Agency.
Bangkok Bank highlights ‘Bualuang mBanking’ app for easy, safe and secure ‘pay-receive’, QR Code payment, and is the first to launch QR Code payment via debit/credit cards
August 30, 2017
Bangkok Bank Senior Executive Vice President Suteera Sripaibulya Executive Vice Presidents Prassanee Ouiyamaphan, Shoke Na Ranong and Kukkong Ruckphaopunt, welcomed Bank of Thailand Governor Veerathai Santiprabhob on his visit to check out services on the QR Code Payment via PromptPay using Bualuang mBanking app, an all-in-one app for easy, safe and secure ‘pay-receive’. Bangkok Bank will also be the first bank in Thailand to launch QR Code payment via debit/credit cards.
Bangkok Bank approved that an interim dividend be paid at the rate of Baht 2.00 per ordinary share
August 25, 2017
Bangkok Bank approved that an interim dividend from the profit of the operations for the first half of the year 2017 be paid on September 22, 2017 at the rate of Baht 2.00 per ordinary share.
Bangkok Bank President Chartsiri Sophonpanich said the Board of Directors of the Bank adopted a resolution at the meeting No. 8/2017, held on August 24, 2017 to the effect that an interim dividend for the operations for the first half of the year 2017 be paid on September 22, 2017 at the rate of Baht 2.00 per ordinary share. The dividend was derived from retained earnings which was subject to corporate income tax of 30%. The record date for determining shareholders’ right to receive the dividend shall be September 7, 2017 and the share registration book shall be closed on September 8, 2017 for the purpose of compiling the list of shareholders in accordance with Section 225 of the Securities and Exchange Act B.E. 2535 as amended.
Bangkok Bank Japan Branches welcome journalists from the Advanced Development of Economic Journalists’ Projects in 2017
August 23, 2017
Bangkok Bank Senior Vice President & General Manager – Japan Branches and Tokyo Branch Manager Thawee Phuangketkeow Vice President & Branch Manager Osaka Branch Varot Samkoses and Vice President of Public Relations Department Aphiwat Punnopakorn with Tokyo and Osaka branches from the Office of Commercial Affairs Minister (Commercial) in Japan Natiya Suchinda welcomed the Economic Reporters Association committees and other journalists who joined the Advanced Development of Economic Journalists’ Projects in 2017 with the Economic Reporters Association President Chakhorn Nukhongmai on their visit to Bangkok Bank Tokyo Branch, Japan. The journalists also received a briefing about Japan’s economic outlook and Bangkok Bank’s combined 60-plus years of service. Currency they’re 2 branches Tokyo branch and Osaka branch. This study trip is part of the ongoing Advanced Development of Economic Journalists’ Projects, which aim to provide knowledge to journalists under the ‘Thailand 4.0 Strategy to Drive Thai Economy’ topic. The Bank has sponsored this project for six consecutive years and provided an additional budget of Baht 1.5 million to support the study trip.
Bangkok Bank accepts reservations for commemorative coins
August 22, 2017
Bangkok Bank is accepting reservations to buy commemorative coins minted under the auspices of the Finance Ministry’s Treasury Department for the royal funeral of His Majesty the late King Bhumibol Adulyadej. The bank will accept reservations for three types of coins: the gold coin (priced at Baht 50,000); the silver coin (priced at Baht 2,000) and the copper-nickel coin (priced at Baht 100). Income from the sale of commemorative coins after deduction of expenses will be presented to His Majesty the King for charitable purposes. Bank customers and the public can make their reservations for the commemorate coins at Bangkok Bank’s Head Office on Silom Road and at its nationwide branches, from now to September 30, 2017. For more information please contact the Treasury Department’s Bureau of Finance at 0-2278-5446, Coin Museum at 0-2282-0818, Bureau of Monetary Management, Phaholyothin Road, Pathum Thani province at 0-2565-7900, or the Treasury Department’s Public Relations unit at 0-2278-5641
Bangkok Bank celebrates AKA’s 10th anniversary with ‘Come 3 Pay for 2 Buffet’ privilege for credit cardholders
August 18, 2017
Bangkok Bank Vice President of Credit Card Marketing Department Voranuch Siratharanont and Zen Corporation Group Chief Commercial Officer of Brands Group Thunyachate Ekvetchavit celebrated the 10th anniversary of AKA, Japanese Yakiniku restaurants by offering special privileges for Bangkok Bank credit cardholders. Cardholders can redeem 2,700 points for the ‘Come 3 Pay for 2’ buffet at any AKA restaurant. On 29 August 2017, which is Japan’s Yakiniku day, the first 40 cardholders can get the special promotion by redeeming only 1,700 points at five participating branches (Central World, Mega Bangna, Central Plaza Pinklao, Future Park Rangsit, Central Plaza Rama II). Please be invited to enjoy 40 finely selected ingredients from around the world as well as AKA’s signature dipping sauce. The offer is available from today to 31 October 2017.
Bangkok Bank and Nirvana launch Beyond Expectations Campaign offering a flat interest rate of 1.99% for 3 years and waiver of all fees on the day ownership is transferred
August 16, 2017
Bangkok Bank Senior Vice President of Product and Distribution Department Pimonporn Poolnapol (2nd from left), Nirvana Daii Chief Executive Officer Sornsak Somwattana (center), Chief Project Officer Nantachart Kliebphipat (2nd from right) and Chief Financial Officer Jiradej Nusthit (right) launched a promotional campaign ‘Beyond Expectations with 1.99% flat interest rate for three years and a waiver of all fees on the day ownership is transferred.’ After the third year, MRR will be -2%. This offer is available for 14 housing projects under the Nirvana brand from today until December 30, 2017. Eligible types of housing include 2-3 storey single-family dwellings, townhouses and home offices ranging in price from Baht 4.4-30 million. For more information, please call 1333 or 1787.
Bangkok Bank sponsors ‘The Entertainment III’ charity concert to raise funds for the Thai Red Cross Society’s Craniofacial Center
August 03, 2017
Bangkok Bank Executive Vice President Thantika Bodhisompon (2nd from Right) presented a Baht 300,000 to Assistant Secretary - General Director, Fund Raising Bureau M.R.Priyangsri Wattanakun (2nd from Left) MD. Director, Princess Sirindhorn Craniofacial Center Professor Emeritus Charan Mahatumarat (Right) and Sukosol Group President Kamala Sukosol (Left) to support ‘The Entertainment III’ as it marks the auspicious occasion of Her Majesty Queen Sirikit’s 85th Birthday Anniversary. Gave donations for ‘Princess Sirindhorn Craniofacial Center King Chulalongkorn Memorial Hospital, The Thai Red Cross Society’ to help patients with severe craniofacial deformities live normally and enjoy better lives. The concert will be performed on 17-19 August 2017 at the Kamoltip Ballroom, The Sukosol Hotel Bangkok.
Bangkok Bank receives 3 awards from The Asian Banker 2017: The Best Trade Finance Bank in Thailand, The Best Payment Bank in Thailand, and Sub-Custodian Bank of the Year Thailand
July 31, 2017
Bangkok Bank Senior Vice President and Trade Finance Center Manager Kajohnsak Manaviriyakul (middle), Senior Vice President and Securities Services Department Manager Mrs. Nuttanok Vichitthanarurk (right) and Vice President and Global Payment Services Department Manager Pongbhoka Buddhi-baedya (left) receive awards from The Asian Banker, a leading banking and financial magazine in Asia. Bangkok Bank received three awards: The Best Trade Finance Bank in Thailand, The Best Payment Bank in Thailand, and Sub-Custodian Bank of the Year Thailand. This emphasizes the bank’s success in providing services, especially trade services, and the benefits of the bank’s long-standing experience and expertise.
Bangkok Bank and Nest intensively mentor Bluefin Startups in Bangkok Bank InnoHub program
July 24, 2017
Bangkok Bank President Chartsiri Sophonpanich, Director Charamporn Jotikastiraand and Executive Vice President Narin Opamuratawongse, Sa-ard Theerarojanawong, Pochanee Kongkalai and Prassanee Ouiyamaphan together with Nest Managing Partner, Thailand Mr. John Crane and mentors had a casual lunch with world-class Bluefin startups in the Bangkok Bank InnoHub program. Mr. Chartsiri gave a speech to inspire the startups to create work which can help to drive Thailand’s economy and financial business and to build their potential for regional and international expansion. The Demo Day to be held on September 2017 will be an important opportunity for the startups to present their business plans to Thai and international investors and attract fund-raising or potential partnerships.
Bangkok Bank reports second quarter 2017 net profit of Baht 8.0 billion
July 20, 2017
With the Thai economy expected to expand at a modest rate amidst ongoing uncertainties over the global economic recovery, Bangkok Bank continues 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 financially sustainable business expansion.
Bangkok Bank and its subsidiaries’ net interest income amounted to Baht 16.6 billion, an increase of 6.2 percent compared to the second quarter of last year, with a net interest margin of 2.31 percent. Non-interest income amounted to Baht 11.5 billion, an increase of 24.0 percent, due predominantly to gains on investments and net fees and service income, which contributed mainly from fee income from mutual funds, bancassurance, and electronic services and remittances. The Bank’s operating expenses were Baht 12.8 billion, an increase of 2.0 percent, with a ratio of expenses to operating income of 45.8 percent. Net profit (attributable to the Bank) for the second quarter of 2017 amounted to Baht 8.0 billion, an increase of 12.2 percent from the same quarter last year.
At the end of June 2017, the Bank’s loans amounted to Baht 1,978.4 billion, an increase of 1.9 percent from the end of 2016 due to an increase in loans to large corporates. The ratio of non-performing loans (NPLs) to total loans was 3.7 percent due to the slow economic recovery impacting business solvency. The Bank continues to closely monitor its loan quality and set aside appropriate provisioning expenses. Total allowances for doubtful accounts were Baht 129.9 billion or 6.6 percent of loans.
In terms of capital, with the inclusion of net profit for the six months ending June 30, 2017, the total capital adequacy ratio, the common equity Tier 1 capital adequacy ratio and the Tier 1 capital adequacy ratio of the Bank and its subsidiaries would be approximately 18.9 percent, 17.1 percent and 17.1 percent, respectively. Shareholders’ equity as of June 30, 2017, amounted to Baht 384.5 billion or 12.6 percent of total assets. The book value per share was Baht 201.45, an increase of Baht 2.89 from the end of 2016.
Bangkok Bank presents offerings to 22 senior monks to mark the beginning of Buddhist Lent 2017
July 18, 2017
Bangkok Bank Vice Chairman Deja Tulananda, Director H.S.H. Prince Mongkolchaleam Yugala and Executive Vice President Apichart Ramyarupa as well as other bank executives and employes recently presented offerings to Somdet Phra Ariyawongsakatayan Somdej Phra Sangharaj Sakol Maha Sangha Parinayok and directors of the Sangha Supreme Council in a total of 22 senior Buddhist monks at 17 temples. In the year of Lent 2017 this is the tradition by the bank continued perform an annually. In the activities of Sangha Supreme Council of Thailand to continue forever.
Bangkok Bank’s Students Internship Program (SIP) Generation 68 visited Thai AirAsia Airline at Donmuang Airport
July 11, 2017
Bangkok Bank Senior Vice President Project Department Art Medhapipatkul (Middle-Right) and Vice President of Electronics and Computer Thiradej Sriithayakorn (Middle-Left) and Students Internship Program (SIP) generation 68 to visited the operation By Flight Attendant Manager Theerapat Singhavanich (Middle) Thai AirAsia X and team welcomed. The Students Internship Program (SIP) generation 68 visited the operation of Thai AirAsia Airline at Donmuang Airport that is a partner with the Bank. Shared business knowledge and experience the corporate culture of this Top Airlines. SIP project First generation has started since 1984 to create opportunities for students in all disciplines from all educational institutions both domestic and foreign to gain knowledge about role of Thai Bank. Include leadership enhancement Personality development as well as adapt change to Digital Revolution. Effective teamwork as well as cultivate consciousness and create opportunities for social returns. To create an experience for students before they enter the future work life.
Bangkok Bank donates Baht 25 million to Faculty of Medicine Rama Hospital participated in Donation to Chakri Naruebondindra Medical Institution
July 06, 2017
Bangkok Bank Executive Vice President and Credit Card Division Manager Shoke Na Ranong (middle left) and Executive Vice President Pochanee Kongkalai (4th from left) with managements team donated Baht 25 million to Faculty of Medicine Ramathibodhi Hospital Mahidol University Professor Physician Dean Piyamitr Sritara (middle right) Professor Physician Deputy Dean of Finance and Procurement Ronnachai Kongsakon (4th from right) and Deputy Professor Deputy Dean Corporate Communications Assistant Dr. Poolsuk Janepanish Visudtibhan (2nd from right). For join donating to Chakri Naruebondindra Medical Institution Purchase medical equipment Project, Support operation to the Faculty of Medicine Ramathibodhi Hospital. To care for all Thai people all levels to have a good health sustainability.
Bangkok Bank and MONOMAXXX Launch Campaign ‘Free Online Movies’ just register Bualuang mBanking and Bangkok Bank PromptPay
July 03, 2017
Bangkok Bank Executive Vice President Prassanee Ouiyamaphan (Left) with Director Executive of Mono Film Company Limited of Mono Group Mr.Patompong Sirachairat (right) launch a campaign ‘Watch Free Online Movies 2 Months with MONOMAXXX when register Bualuang mBanking and Bangkok Bank PromptPay for the first time’ with Mobile Phone Number and/or Thai Citizen ID with any channel of Bangkok Bank. Since today - 31 July 2017 the Bank will send PIN Code for verified via E-Mail. To watch Free Online Movies 2 Months with MONOMAXXX value 258 Baht to the customer by registered e-mail when applying for service. The Customers have to redeem the (Code) to get free movie at www.monomaxxx.com/bbl on 30 August 2017.
Bangkok Bank congratulates debit card user and EDC machine merchant who each won Baht one million in debit card lucky draw campaign
June 29, 2017
Bangkok Bank Executive Vice Presidents Pochaneee Kongkalai and Thantika Bodhisompon, together with Finance Minister Apisak Tantivorawong, Permanent Secretary of the Finance Ministry Dr. Somchai Sujjapongse and Bank of Thailand Deputy Governor Ruchukorn Siriyodhin, congratulated Oranuch Manmulor, a Be1st Smart debit card user, and Temjai Service Co., Ltd, a merchant with a Bangkok Bank EDC machine, for winning first prizes in the 16 June draw for the debit card lucky draw campaign. Each winner received a prize of Baht one million. Thai people are being encouraged to use debit cards for payments instead of cash while merchants are being encouraged to accept debit cards in line with the government’s National e-Payment Scheme. First prizes of Baht one million will be given to a lucky user and merchant every month until May 2018.