Bangkok Bank joins “CAT TSHIRT7” festival to reach a new generation and offer a 40-baht discount for every T-shirt when paid with Bangkok Bank Mobile Banking
September 22, 2020
Bangkok Bank wins four awards from three world-class publications – emphasizing the efficiency of its international trade services that meet the global needs of customers
September 21, 2020
Bangkok Bank Executive Vice President Pipat Assamongkol (3rd from right), Bangkok Bank Senior Vice President and Trade Finance Center Manager Kajohnsak Manaviriyakul (3rd from left) and Trade Finance Center team members celebrated their success as the Bank won four awards from three world-class publications.
The awards are the Best Trade Finance Provider in Thailand and Best DLT Platform for Trade Finance from Global Finance magazine; the Best Trade Finance Bank in Thailand for the 14th consecutive year from Alpha Southeast Asia magazine; and Thailand Domestic Trade Finance Bank of the Year for the 6th consecutive year from Asian Banking and Finance magazine.
They reflect Bangkok Bank’s excellence and capabilities as a trade services provider, understanding of customers’ needs, and expertise regarding the global trade situation. The Bank’s financial stability and technology innovations support the speed, security, data accuracy and good governance of its trade services.
Bangkok Bank receives “Bank of the Year 2020” and Mr. Chartsiri Sophonpanich wins “Financier of the Year 2019” awards from Money & Banking magazine
September 18, 2020
Bangkok Bank received two top awards from Money & Banking Awards 2020 organized by Money & Banking Magazine — “Bank of the Year 2020” and “Financier of the Year 2019” for Mr. Chartsiri Sophonpanich. This is the second time that Bangkok Bank has won both these awards in the same year – the first time was in 2001.
Bangkok Bank Director and Executive Vice President Thaweelap Rittapirom said that it was a great honor for the bank to receive two awards from Money & Banking Awards 2020, comprising “Bank of the Year 2020” and “Financier of the Year 2019” for Mr. Chartsiri Sophonpanich. This is the second time that Bangkok Bank has won both these awards in the same year – the first time was in 2001.
It is the 14th time that the Bank has won the Bank of the Year award since it was first announced in 1985. The Bank’s net profit in 2019 was the third highest among Thai commercial banks at 35.8 billion baht, up 1.4% from the year before, representing the highest net profit of 18.76 baht per share and the highest book value per share of 225.36 baht. In addition to its high profitability, Bangkok Bank was recognized for its prudent and steady approach in allocating reserves for doubtful accounts. The Bank’s allowance of doubtful accounts was the highest among the banks at 8.14% which strengthens its reserves and maintains its Capital Adequacy Ratio at a prudent level. The Bank’s Tier 1 capital adequacy ratio (BIS) was 17.01%, the third highest level among Thai commercial banks. Meanwhile, the Bank still aims to support customers to be strong, competitive, and ready for challenges, especially during the COVID-19 situation. At the same time, the Bank places great emphasis on creating new products and services, developing modern technology to increase the efficiency of its business, and forming partnerships to meet the ever-changing needs of its customers. One of the Bank’s most important milestones in 2020 was the acquisition of Permata Bank, the 12th largest commercial bank in Indonesia by total assets with more than 300 branches in 62 cities across the country.
For the “Financier of the Year 2019” award, the judging panel resolved to give it to Bangkok Bank President Chartsiri Sophonpanich. This is the second time that he has won this award – the first time was in 2001. The qualifications for Financier of the Year award cover four criteria – being a visionary and modern professional financier; being honest to the profession; creating sustainable growth for the organization; and being responsible to society and doing good for the public. The judging panel unanimously agreed that given the global economic slowdown and the digital disruption to the banking business, Bangkok Bank, under the leadership of Chartsiri Sophonpanich, has been able to stand strong amid the turmoil. He combines qualities of strength and resilience with the ability to see opportunities to serve the new generation. Meanwhile, he supports the existing base, including both corporate and consumer banking customers, by working closely with partners to continuously develop financial innovations for the organization’s sustainable growth.
“It's the honor and pleasure of the bank’s Board of Directors, executives and employees who have played an important role in the Bank’s success to receive the awards from Money & Banking magazine – a leading and trusted investment finance magazine which is considered the most read economic journal in Thailand. The Bank is committed to using its knowledge and expertise as well as advanced technology to support customers, shareholders, communities, and society as “a trusted partner and reliable close friend” to provide financial stability. In particular, the Bank aims to help customers and communities get through current and future challenges with the vision of being the Bank that provides quality financial services to meet customer needs with efficient personnel and modern technology as a leading bank in Asia,” said Mr. Thaweelap.
Bangkok Bank announces temporary system maintenance to enhance service efficiency and better serve customers
September 11, 2020
Bangkok Bank joins Mastercard to launch contactless feature for “Be1st Smart Rabbit LINE Pay” to serve lifestyles in the “New Normal” age
September 09, 2020
Bangkok Bank has joined with Mastercard to launch a contactless feature for “Be1st Smart Rabbit LINE Pay” to provide users with convenience, speed, and safety to serve lifestyles in the “New Normal” age and the dramatic growth in e-payments. Interested persons can apply now to get special privileges for dining, travelling, and shopping.
Bangkok Bank Executive Vice President and Credit Card Division Manager Shoke Na Ranong said the bank’s “Be1st Smart Rabbit LINE Pay”, a cooperation between Bangkok Bank and Rabbit LINE Pay, is a debit card to serve the lifestyle of Young Gen. Mobile payments can be made with “Be1st Smart Rabbit LINE Pay” that are not only convenient for users but reduce the risks of infection from touching objects. Since the launch of the card at the end of last year, it has been highly successful with growing numbers of users and continuous growth in e-payments.
To better serve the lifestyle of target customers as well as customers in general, the bank has joined with Mastercard to add more functions to “Be1st Smart Rabbit LINE Pay” including a “Contactless” feature. Users can make payments by just tapping the card and it can be used at any merchant with a ‘Contactless’ sign anywhere in the world to pay instantly for products or services. The card is equipped with Be1st Smart Card's unique 6-digit CHIP & PIN technology that ensures maximum security for cardholders. As part of the Mastercard network it can be used both domestically and internationally. In addition, it can be used for e-commerce via the leading platforms used for online shopping in the New Normal age.
“According to Bank of Thailand data the use of e-payments by Thai people has risen by 72% during COVID-19. Over the past 2-3 years it has grown 3-fold, rising from 49 transactions per person per year in 2016 to 151 transactions per person in 2020 (information as of April, 2020). As people become more familiar with e-payments this exponential growth is expected to continue, amplified by worries about COVID-19 due to concerns about touching cash and the ongoing trends of online shopping, and food ordering via digital platforms. With the collaboration with Mastercard, a partner that has a network and technology suitable for the New Normal age, the bank can better serve its target customers. This collaboration will help the bank to achieve its target of one million Be1st Smart Rabbit LINE Pay cardholders”.
“As people in Thailand increasingly adopt a digital-first lifestyle, there is a pressing demand for solutions that enable more interconnected, frictionless, and seamless experiences. To keep up with the way people now live and work, Mastercard is proud to partner with Bangkok Bank to collaborate on a unique smart debit solution for Thai consumers. Mastercard cardholders will now be able to digitally top-up their BTS transit cards and enjoy a more convenient, seamless and touch-free everyday living,” said Aileen Chew, Country Manager, Thailand and Myanmar, Mastercard.
Vithaya Topoyossakul, CEO of Rabbit-LINE Pay said “Concerns about COVID-19 and usage data in the past 2-3 months reflect changes in customers’ online behavior. Many people who have never done online shopping or ordered food via delivery platforms, started to use these services for the first time during COVID-19. We believe these customers will continue making online payments as it is more convenient. The collaboration with Mastercard and the outstanding design of LINE Character Limited Edition from LINE FRIENDS as well as payments through Rabbit LINE Pay enable customers to make faster transactions more conveniently. Customers also get special discount coupons and privileges from many partner merchants. This is in line with its policy regarding cashless payment to fulfil the needs of urban lifestyles and the current situation”
“Be1st Smart Rabbit LINE Pay” debit card via Mastercard Network comes with outstanding designs to attract the young generation featuring four LINE FRIENDS limited-edition characters - Brown, Cony, Sally and Choco. Customers applying for this debit card can link the card to the Rabbit LINE Pay functions, allowing the card to be used as a debit card (money withdrawal, transfer and payment), while money top-up can be done via the Rabbit LINE Pay system, so customers can use the card for traveling via BTS, BRT Express and Chao Phraya Express. Customers can pay for any products and services at more than 6,000 partner merchants nationwide via Rabbit LINE Pay’s e-Wallet. Therefore, the new contactless function will provide more convenience, speed, and safety while reducing the risks from touching surrounding objects and ensuring maximum security for all spending transactions.
Interested persons can apply for a debit card with "Be1st Smart Rabbit LINE Pay", via the Mastercard network, and link the card to the Rabbit LINE Pay function from today – December 31, 2020. New customers will receive a Welcome Gift Limited Edition from LINE FRIENDS worth 890 baht and a discount coupon from leading Rabbit LINE Pay’s merchants worth a total of 500 baht every month throughout the year, totaling a maximum value of 6,890 baht and more privileges from Bangkok Bank and Mastercard such as: A discount of up to 100 baht every month at Shopee, GrabFood, and Dolfin Wallet. (Today - December 31, 2020) according to the Bank’s terms and conditions.
To apply for “Be1st Smart Rabbit LINE Pay” debit card via Mastercard Network, please visit Bangkok Bank’s participating branches. For more information or checking the participating branches, call Bualuang Phone at 1333 or (66) 0 2645 5555.
Bangkok Bank and GCM, a company of GC Group, develop L/C transactions between Thailand-Vietnam on Enterprise Blockchain, the first bank to succeed in revolutionizing the service using “Contour” technology
September 08, 2020
Bangkok Bank joins Money Expo Rayong 2020 to offer financial experiences in the New Normal era
September 04, 2020
Bangkok Bank joins the BOT’s "DR BIZ” project to increase financial partnerships and Thai business stability. The project kicked off on September 1, 2020 and aims to increase efficiency, reduce redundancy, and benefit customers
September 01, 2020
Two big banks enter joint venture for AgriTech startup Ricult to help Thai farmers increase efficiency, enhance quality of life and expand access to credit
August 17, 2020
Bangkok Bank joins “Money Expo Korat 2020” to offer financial experiences in the New Normal era
August 07, 2020
Thammasat University joins Bangkok Bank to develop the TU GREATS app to be a cashless campus and create a digital ecosystem for TU people
July 23, 2020
Bangkok Bank reports net profit of Baht 10,765 million for the first half of 2020
July 21, 2020
Bangkok Bank responds to BOT’s phase two relief measures to help retail customers affected by the COVID-19 outbreak
July 07, 2020
Bangkok Bank unveils Bangkok Bank Mobile Banking with a modern design, new features, ease-of-use, and more convenience to meet financial needs in the New Normal era
June 11, 2020
Bangkok Bank is launching a new version of Bangkok Bank Mobile Banking with a new design for a better experience in the age of New Normal and Mobile First. The Bank aims for 11 million users by the end of this year.
Bualuang Smart Bill Payment expands in line with the new normal, providing services to Rajapruek Taxi Cooperative and Bawon Taxi Cooperative to improve their business efficiency
June 08, 2020
Bangkok Bank cuts key lending interest rates to a minimum of 5.25% to support government mechanisms while reducing financial costs for customers
May 20, 2020
Bangkok Bank acquires Indonesia’s Bank Permata, strengthens position as leading diversified ASEAN bank
May 20, 2020
Bangkok Bank announces system maintenance to upgrade services
May 14, 2020
Bangkok Bank continues submitting soft loan applications to the BOT. First batch of soft loans reach customers affected by COVID-19, increasing liquidity and helping them to retain employees
May 13, 2020
Bangkok Bank launches “BeMerchant NextGen” app to support retail stores during the COVID-19 crisis, as a leader in digital payment solutions
May 07, 2020