Bangkok Bank presents old calendars to school for the Blind to make Braille books and instructional media
February 23, 2017
Bangkok Bank Senior Vice President Patima Chavalit (3rd from right) and Assistance Branch Manager of Pattaya Nuchjaree Poompattarapongalong (2nd from right) with other executives and staff present a set of 15,000 calendars to Father Pattarapong Srivorakul (4th from left) President of the Father Ray Foundation and Principal of Pra Ma Ha Thai the Pattaya Redemptorist School for the Blind, under the Royal Patronage of Her Royal Highness Princess Maha Chakri Sirindhorn. This is the seven years the bank has held a campaign to collect old calendars from staff nationwide. The school will turn the calendars into Braille books and instructional media for blind children. A calendar is a short-life item and the thickness of its pages is perfect for producing Braille books. The project is one of the bank is initiatives for giving back to society. The bank has a luncheon and ice-cream for students to give pleasure and enjoyed.
Bangkok Bank lends Baht 2.453 billion for two condominium projects co-developed by Sansiri and BTS
February 23, 2017
Bangkok Bank Executive Vice President Panit Dunnvatanachit (right) signed an agreement with Sansiri Chief Executive Officer Apichart Chutrakul (center) and BTS Group Chief Executive Officer Kavin Kanjanapas (left) to provide a loan of Baht 2.453 billion for the development of two condominium projects under ‘The LINE’ brand.The LINE Asoke- Ratchada is a 38-storey, 473-unit condominium, just 300 meters from the Phra Ram 9 MRT station. It is located in the very heart of Bangkok’s new CBD and was developed under the concept of ‘Balance is Everything’ with a project value of Baht 2.9 billion. The LINE Sukhumvit 101 is a 37-storey, 778-unit condominium, just 250 meters from the Punnawithi BTS station and the Chalerm Maha Nakhon Expressway, developed under the concept of ‘FREEDOM IN EVERYTHING’ with a project value of Baht 4.2 billion. The two projects received very good feedback from customers, which reflects the developer’s success in building condominiums suited for urban life.
Bangkok Bank offers financial products and services at ‘Money Expo Pattaya 2017’ under the theme ‘Bangkok Bank Digital Life Inspired’
February 17, 2017
Bangkok Bank Executive Vice President Pochanee Kongkalai (right), and Mr. Kelvin Foo Yoong Tao (left) welcomed Deputy Minister of Finance Wisudhi Srisuphan (Center), Deputy Governor of Chonburi Pawat Leakmookda (2nd from left), and Chairman of Money Expo Santi Viriyarungsarit (2nd from right) to Bangkok Bank’s booth at Money Expo Pattaya 2017. Bank presented the Excellence in Digital Banking concept ‘Bangkok Bank Digital Life Inspired: Answer Inspiration Digital Life’ with advanced products and services. Our style of life digitally. Using financial services anywhere anytime with confidence and security. This reflects the readiness of the bank to the lifestyle that conforms to digitize more.
Bangkok Bank organizes AEC Business Leader, Batch 2, to help Thai business people to grow in the AEC market
February 10, 2017
Bangkok Bank President Chartsiri Sophonpanich (5th from left), Senior Executive Vice Presidents Virasak Suthanthavibul (right), Siridej Aungudomsin (2nd from left), Ruchanee Nopmuang (left) and Chaiyarit Anuchitworawong (2nd from right) welcomed Vice Minister to the Prime Minister's Office Kobsak Pootrakool (3rd from left), Thailand-Cambodia Friendship Association President General Vichit Yathip (5th from right), Thailand-Cambodia Business Council Executive Chairman Chanit Charnchainarong (4th from right), Carabao Group Public Company Limited President Sathien Setthasit (centre) and TK Garment Company Limited Executive Taweekit Jatucharoenkun (3rd from right), who were guest speakers in the AEC Business Leader Program, Batch 2. The program is an intensive course developed by Bangkok Bank that draws on its deep knowledge and extensive experience of doing business across the region to enhance the skills of Thai business owners and entrepreneurs who want to enter the AEC market. The program in Batch 2 will focus on the Cambodian market and will be joined by successful Thai and Cambodian business people who will share their successful experiences. The Bank selected 45 high-level executives and business heirs to join the nine-week program which runs from February to April, 2017.
Bangkok Bank builds on the success of its AEC Business Leader Program with the launch of its second class, focused on doing business in Cambodia
February 09, 2017
Bangkok Bank this week launched the second class of its ‘AEC Business Leader Program’ which will focus on doing business in Cambodia. Forty-five people have been selected to attend the nine-week course, which will build on the success of the first class and continue the program’s commitment to preparing and empowering Thai entrepreneurs with the skills they need to operate confidently within the AEC.
Bangkok Bank Executive Vice President Chaiyarit Anuchitworawong, the program’s director, said the first class of the ‘AEC Business Leader Program’, an intensive workshop for Thai business owners and entrepreneurs who want to enter the AEC market, was a success. The program will continue to support executives and entrepreneurs from Thai companies which have the potential and vision to expand in fast-growing markets in ASEAN, which is also becoming a key global manufacturing base.
In designing the course, Bangkok Bank drew on its deep knowledge and extensive experience of doing business across the region to enhance the skills of Thai entrepreneurs wanting to enter markets in neighboring countries. The Bank is also leveraging its relationships with successful regional business leaders to create a network of business partners for Thai companies and provide them with greater insights into the vision and viewpoints of businesses across ASEAN.
Each class of the AEC Business Leader Program concentrates on a specific ASEAN country. The first class focused on Myanmar, while the second class will focus on Cambodia and its promising high growth economy. The World Bank has predicted Cambodia’s economy will grow by 6.9% this year and by 6.8% in 2018. The Cambodian government is also improving trade and investment policies to facilitate international investors and develop its manufacturing sector with a focus on low-cost and labour-intensive products. The government is also promoting the growth of Cambodian SMEs.
Mr. Chaiyarit said the AEC Business Leader Program focuses on increasing the potential of business owners and entrepreneurs doing business within the AEC. The program also helps reinforce organizational management in line with the Thai government’s Thailand 4.0 policy, and strengthens marketing strategy, brand building and the development of management skills to develop a new generation of ASEAN business leaders who can prosper within the region’s changing business and trade environment. This will equip them with the knowledge and practical skills to run businesses at the country, regional and global levels.
The program also has a team function, where groups of participants create a business plan after receiving training and visiting regional trade and investment markets. A winning business plan will be selected by a panel of leading local and international businesspeople from various fields.
Places for the program’s second class were oversubscribed. The Bank selected 45 high-level executives and business heirs to join the program. Training for the program’s second class will take place every Saturday for nine weeks from February to April, 2017. The participants will visit Sihanoukville, a coastal city in Cambodia with high economic potential, where the government is developing a world-class sea port. This port will help strengthen Cambodia’s trade with the US, Europe, Hong Kong, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Thailand and Vietnam.
“Thai businesses are becoming more interested in investing and doing business in ASEAN, especially the CLMV (Cambodia, Laos, Myanmar, and Vietnam) countries,” said Mr. Chaiyarit. Doing business in ASEAN may have advantages in terms of lower costs and wages, but each country is different. To become an AEC business leader, participants must understand these differences and gain in-depth knowledge of local markets, economic conditions, policies, regulations and transportation routes, as well as build a sound understanding of each country’s people.
“Bangkok Bank is confident our well-designed courses will enable a new generation of entrepreneurs to confidently and successfully enter and operate within AEC markets,” Mr. Chaiyarit said.
The bank organizes the AEC Business Leader Program twice a year, in every first and fourth quarter. Interested people can find more information at www.bangkokbank.com or contact AEC Connect at 0-2230-1507 and 0-2230-2758 or email to AECconnect@bbl.co.th.
Bangkok Bank presents Baht 7.22 million in donations to the Royal Thai Navy to help flood victims in the South
February 08, 2017
Bangkok Bank Executive Vice Chairman Deja Tulananda (4th from right), Director Admiral Prachet Siridej (4th from left), Senior Executive Vice President Suvarn Thansathit (3rd from right), Director and Executive Vice President Thaweelap Rittapirom (right), and Senior Executive Vice President Ruchanee Nopmuang (2nd from right), presented donations from customers and the general public to Rear Admiral Vasinsan Chantavarin (3rd from left), Commandant Bangkok Naval Base, Royal Navy. Donations of Baht 7,224,397.67 were collected through the Bangkok Bank account number 101-3-47022-2 with the account name ‘Helping Flood Victims in the South’ which will be used to help flood victims in the South restore their lives to normal. In addition to providing its financial service channels to raise funds, Bangkok Bank also provided various kinds of emergency assistance including a donation of Baht 10 million to Prime Minister General Prayuth Chan-ocha’s event ‘Pracharat to help the South’. The Bank waived inter-region funds transfer fees for all channels of the bank and its partners for donations through the account which was opened at the Silom Road Head Office.
Bangkok Bank supported the “Impact of EV to Thai Industry” symposium to study the impact of electric vehicles on local industries
February 07, 2017
Bangkok Bank President Chartsiri Sophonpanich (2nd from left) and Senior Executive Vice President Virasak Sutanthavibul (2nd from right) joined the symposium ‘Impact of EV to Thai Industry’ organized by the Polymer Society of Thailand where he gave a speech on ‘Empowering Industries of the Future: the Role of Financial Institutions’. Chulalongkorn University President Professor Bundhit Eua-arporn, Ph.D. (4th from right), Polymer Society of Thailand, Head of Rubber Division Banja Junhasavasdikul, Ph.D. (3rd from left), Thai Board of Investment Deputy Secretary General Ajarin Pattanapanchai (3rd from right) also joined the symposium to share their knowledge and opinions with business people, leaders in education, and the government and private sectors, about the trend and impact of Electric Vehicles (EV) on local industries, development and controls in the EV system, BOI’s incentives of EV investment in Thailand, and the impact of EV on supply chains in the automotive industry.
Bangkok Bank donated Baht 1 million supports Thai Heart Foundation under Royal Patronage Honored
February 01, 2017
Bangkok Bank Vice Executive Chairman Deja Tulananda (middle on left) and Executive Vice Presidents and Corporate Secretary Apichart Ramyarupa (2nd from left) donated Baht 1 million to Thai Heart Foundation under Royal Patronage Honored Consultant Than Phuying Sumalee Chatikavanich (middle on right), the 1st Vice Chairman Professor Emeritus Parinya Sakiyalak (2nd from right), the 2nd Vice Chairman Wallop Chiaravanont and Secretary Professor Emeritus Suphachai Chaithiraphan. The bank supports Thai Heart Foundation under Royal Patronage for the sixth consecutive year. The funds will be used in activities to make people aware of heart disease, one of the highest-risk diseases for Thai people, as well as to provide them with knowledge on how to take care and protect them self from heart disease. Every year Bangkok Bank and the Foundation co-hosted to set ‘Tai Rom Phra Barame-Pher Hua Jai Thai–Wan Hua Jai Lok’ exhibition. This year being held on 1-3 February 2017 in the forecourt of Bangkok Bank Head Office in Silom Road. The exhibition features health check-ups, seminars about heart health, and exercise demonstrations. Many healthy products including grains, seafood, meat, milk, beans, oils and fats can also be purchased at the exhibition.
Bangkok Bank is ready to provide ‘PromptPay’ service via three banking channels with six channels for registration – offering convenience, security and confidence
January 30, 2017
Bangkok Bank President Chartsiri Sophonpanich (2nd from left) welcomed Bank of Thailand Governor Veerathai Santiprabhob (middle) for a group photo with Bangkok Bank executives who played an important role in developing the Bank’s PromptPay service, including Bangkok Bank Senior Executive Vice President Suteera Sripaibulya (2nd from right), Executive Vice President Prasanee Ouiyamaphan (right) and Executive Vice President Kukkong Ruckphaopunt (left), during a press conference on the National e-Payment Master Plan and the official launch of PromptPay on 27 January 2017 at the Ministry of Finance. Bangkok Bank is ready to provide fund transfers with PromptPay via three banking channels including Bualuang ATM, Bualuang mBanking and Bualuang iBanking. Customers who have not registered can simply apply for PromptPay using their citizen ID numbers or mobile phone numbers via six channels including Bualuang ATM, Bualuang mBanking, Bualuang iBanking, Bualuang Phone 1333, www.bangkok.com/PromptPay and Bangkok Bank branches nationwide. Apply today to transfer and receive money conveniently, securely and confidently with PromptPay.
Bangkok Bank presents E-Money worth Baht one million to the lucky winner of Bangkok Bank PromptPay and Bualuang mBanking campaign
January 26, 2017
Bangkok Bank Executive Vice President Thaweelap Rittapirom presented E-Money worth Baht one million to Mr. Jukkris Gongjee, the lucky winner of the ‘Bangkok Bank PromptPay and Bualuang mBanking’ campaign. Customers who have not yet registered for PromptPay can register for Bangkok Bank PromptPay using their mobile phone number or citizen ID through six channels: Bualuang ATM, Bualuang mBanking, Bualuang iBanking, Bualuang Phone 1333, www.bangkokbank.com/PromptPay, and Bangkok Bank’s nationwide branch network. PromptPay registrations have no expiry date and early in 2017 the service will be able to transfer and receive funds.
Bangkok Bank (China) receives ‘Top 10 successful ASEAN companies in China’ award from China-ASEAN Business Council
January 25, 2017
Bangkok Bank Senior Executive Vice Presidents Chaiyarit Anuchitworawong (2nd from left) and Bangkok Bank (China) Chief Executive Officer Suwatchai Songwanich (center) represented Bangkok Bank to receive the ‘Top 10 successful ASEAN companies in China 2016’ award from the China-ASEAN Business Council. This award is a great honor for Bangkok Bank (China), the largest Thai commercial bank which has a significant presence in China and ASEAN and provides full financial services for Thai and foreign entrepreneurs. Bangkok Bank (China) will take this opportunity to put forth efforts in the investment and development in China, implement the sustainable development and mutual benefit between enterprises and society, and contribute more to the in-depth cooperation between China and ASEAN.
Bangkok Bank reserves cash of Baht 35 billion to meet demand during the Chinese New Year festival at more than 1,000 branches and ATMs nationwide
January 23, 2017
Bangkok Bank will be reserving more than Baht 35 billion of cash at its 1,000-plus branches, including micro branches, and its nationwide network of 10,000 ATMs in order to meet the higher demand during the Chinese New Year festival. The bank will also top up cash in its ATMs more frequently.
A Bangkok Bank spokesperson said that during the upcoming Chinese New Year festival, the bank will be reserving additional cash of Baht 35 billion at its 1,000-plus branches, including micro branches, and its nationwide network of 10,000 ATMs in order to meet the higher demand during the Chinese New Year festival. It has also prepared new banknotes for customers to use as cash gifts, as it is a Chinese custom to give money to young family members on the occasion of the New Year.
Bangkok Bank will also top up cash in ATMs more frequently during the festival so its customers can be confident they can conveniently withdraw cash from ATMs whenever they need it.
Bangkok Bank reports 2016 net profit of Baht 31.8 billion
January 19, 2017
Bangkok Bank and its subsidiaries have reported a net profit for 2016 of Baht 31.8 billion, compared with Baht 34.2 billion in the previous year, against the backdrop of the Thai economy’s slow recovery. Going forward, the Thai economy is expected to continue to grow, driven by government spending and investment. However, uncertainties from the global economy will persist, while domestic private consumption and investment are likely to remain lackluster. The Bank continues its prudent approach by consistently setting aside further provisioning expenses, maintaining non-performing loans at an appropriate level, sustaining a good level of capital reserves to accommodate future business expansion in order to ensure financial stability and sustainability.
At the end of December 2016, the Bank’s loans amounted to Baht 1,941.1 billion, a rise of Baht 72.2 billion or 3.9 percent from the end of 2015, due to the increase in loans to large corporates and medium-sized businesses, consumer sector, and loans made through the Bank’s international network. Despite the increase in loans, the Bank continued to maintain its loan-to-deposit ratio at 89.1 percent, a similar level to last year. In terms of non-performing loans (NPLs), NPLs at the end of 2016 were Baht 68.8 billion or 3.2 percent of total loans, reflecting the impact of the slow domestic economic recovery on the business sector, which needs time to adapt. Meanwhile, the Bank continues to closely monitor its loan quality and set aside appropriate provisioning expenses. Total allowances for doubtful accounts at the end of December 2016 were at a high level of Baht 119.5 billion or 6.2 percent of loans, with provisioning expenses of Baht 15.7 billion.
Net profit in 2016 was Baht 31.8 billion, a decrease of Baht 2.4 billion or 6.9 percent from 2015. Net interest income rose by Baht 6.5 billion or 11.3 percent from 2015 to Baht 64.0 billion, and the net interest margin increased to 2.34 percent as a result of managing the low-cost of deposits. Non-interest income was Baht 41.9 billion, a decrease of Baht 3.4 billion or 7.4 percent, due largely to a decline in gains on disposal of assets and gains on investments. Net fees and service income rose by Baht 421 million, due mainly to an increase in fee income from electronic services and remittances, the securities business, loan-related services and securities services. Operating expenses were Baht 50.5 billion, an increase of Baht 5.5 billion or 12.1 percent, with significant items including an increase in other expenses from provisions for contingencies and personnel expenses.
The Bank maintained its capital reserves at a good level to support future business expansion. After the inclusion of net profit from July to December 2016, the total capital adequacy ratio, Tier 1 capital ratio and Common Equity Tier 1 ratio of the Bank and its subsidiaries would be approximately 19.1 percent, 17.2 percent and 17.2 percent, respectively. Shareholders’ equity as of December 31, 2016 amounted to Baht 379.0 billion or 12.9 percent of total assets. The book value per share was Baht 198.56, an increase of Baht 9.00 from the end of 2015.
Bangkok Bank and Siriraj Hospital launch ‘Bangkok Bank Visa Platinum Rabbit Credit Card’...Gain merit every time you spend
January 18, 2017
Bangkok Bank Executive Vice Presidents Shoke Na Ranong (4th from left) and Pochanee Kongkalai (3rd from left), and Bangkok Bank Vice President Mayuree Tantibhana (2nd from left), together with the Dean of the Faculty of Medicine at Siriraj Hospital, Mahidol University, Professor Dr. Prasit Watanapa (middle), Siriraj Hospital Director, Assistant Professor Visit Vamvanij (4th from right), and Siriraj Hospital executives, launched ‘Bangkok Bank Visa Platinum Rabbit Siriraj Credit Card’ – an all-in-one credit card which combines the features of a Visa credit card and Rabbit card. The cardholder can be proud to be a giver as the bank will donate 0.2% of the value of every purchase made with the card to the Faculty of Medicine at Siriraj Hospital. Cardholders can also redeem 1,000 points for a donation of Baht 100 to Siriraj Hospital, and the bank will make additional donations to match those of cardholders. Cardholders get double points when they make a donation to Siriraj Hospital using the card. A free Health Check-Up Basic Package worth Baht 1,958 is offered to cardholders who spend more than Baht 300,000 per year. The all-in-one credit card offers great convenience and many benefits under the concept ‘Be happy every time you use the card as every time you spend you make merit’.
Bangkok Bank gives away piggy banks to encourage children to save using a Sinmathaya Subthawee account
January 16, 2017
Bangkok Bank is encouraging Thai children to get into the savings habit by depositing equal amounts of money every month for 24 consecutive months in a Sinmathaya Subthawee-Bualuang Kids or Sinmathaya Subthawee account. They will receive a higher interest rate than a regular fixed-deposit account, plus tax-free interest benefits once the full deposit term is completed. A piggy bank is being given away for every account opened with an initial deposit of at least Baht 500. The offer runs from 14 January - 31 March 2017, or while supplies last.
Bangkok Bank Director and Executive Vice President, Dr. Thaweelap Rittapirom, said “the bank would like to invite Thai children to get into the savings habit by depositing equal amounts of money every month for 24 consecutive months with a Sinmathaya Subthawee-Bualuang Kids account, which requires a monthly deposit of Baht 500, or Sinmathaya Subthawee account, requiring a monthly deposit of Baht 1,000. These accounts offer a higher interest rate than a regular fixed-deposit account, plus tax-free interest benefits once the full deposit term is complete.”
In addition to offering a special interest rate, Bangkok Bank will help children save by giving a piggy bank to customers who open a Sinmathaya Subthawee or Sinmathaya Subthawee-Bualuang Kids account. Deposits must be made monthly as agreed with the bank, via a branch, Bualuang ATM, CDM, Bualuang Phone, Bualuang iBanking, Bualuang mBanking, or Standing Order. Deposits must be made by the last working day of the bank each month to ensure compliance with tax-free conditions and regulations.
Bangkok Bank issues measures to help customers flooded in the South and opens an account to receive donations
January 13, 2017
Bangkok Bank has demonstrated its commitment to being a trusted friend by providing help for flood victims in the South. The bank has prepared Baht 10 billion for relief measures including the relaxation of loan payments, reduced interest rates and additional loans for customers directly or indirectly affected by the floods. Bank executives and staff are also visiting customers to provide advice and assistance. The bank has opened an account to receive donations from customers and the public and has waived inter-region transfer fees for all channels. The donations will go to the Royal Thai Navy.
Bangkok Bank Senior Executive Vice President Suvarn Thansathit said the bank is providing help and relief to flood-stricken customers in the South by issuing financial support measures and assigning executives and staff in the areas to visit customers and provide help and advice. The Bank wants to ease the burden on customers so they can quickly go back to normal life and resume their businesses.
The bank has issued three measures to help its customers. It is relaxing loan repayments, reducing interest rates, and providing additional loans to help people recover from the floods. Baht 10 billion has been set aside for special loans for the bank’s existing business and retail customers. Of this, Baht 5 billion will be for short-term loans of less than one year’s duration and Baht 5 billion will be available for loans of up to five years. The loans include providing revolving credit to enhance business liquidity. Businesses can use this to pay for goods, wages and other production-related expenses, buy replacement goods, and/or restore businesses or residential properties. The bank will also provide continuous help after the floods by suggesting solutions that match each customer’s situation and need. Customers can ask for more details and apply for a loan at the bank’s business centers and branches.
“The bank is aware that our customers are facing major difficulties as the flooding is more severe than expected. The Bank has provided emergency help and is opening a current account at its Silom Road Head Office, account number 101-3-47022-2 with account name ‘Helping Flood Victims in the South’, to receive donations from customers and the public. Donations can be made via the bank’s nationwide branch network and other service channels with inter-region funds transfer fees waived for all channels. All donations will go to the Royal Thai Navy who will use the money to help people in the flooded areas”, said Mr. Suvarn.
Bangkok Bank gives writing kits and piggy banks for Children’s Day
January 11, 2017
Bangkok Bank Executive Vice Presidents Pochanee Kongkalai presented writing kits and piggy banks for Children’s Day 2017 to representatives of schools, communities, and government agencies. Bangkok Bank annually distributes gifts for children directly to organizations or through Bangkok Bank’s branches nationwide.