About Bangkok Bank

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Bangkok Bank responds to the government request by cutting minimum retail rate by 0.25% to alleviate the financial burden on customers effective from April 29, 2024

April 26, 2024

Bangkok Bank announced a cut in the minimum retail rate (MRR) by 0.25% per annum effective from April 29, 2024.

The Thai Bankers’ Association (TBA) has deemed it important to provide additional financial aid measures for vulnerable groups amidst the uneven economic recovery by lowering the minimum retail rate (MRR) by 0.25% for individual and SME customers for six months. The interest rate cut will help alleviate the financial burden for customers and support the recovery and transformation of the economy in line with the government’s economic stimulus approach and the Bank of Thailand’s policy guidelines.

Bangkok Bank has responded to the government’s appeal by lowering the minimum retail rate (MRR) by 0.25% for six months, taking effect from April 29, 2024, as it places great importance on helping customers relieve their financial burden. Previously, the Bank provided help for corporate, SME and individual customers including the vulnerable groups when customers were affected by Covid-19 and during other economic situations.

The rate cut reinforces the Bank’s commitment to helping entrepreneurs during difficult times when the economy has not fully recovered, while also helping to drive the overall economy when it is challenged by internal and external factors.

In addition, the Bank is supporting SMEs with the Bualuang Transformation Loan program with a total credit line of 20 billion baht and a credit limit of 10 million baht per borrower with a fixed interest rate of 5% per year for a period of five years. Interested entrepreneurs, whether existing or new customers, can apply for the Bualuang Transformation Loan between February 1, 2024 – January 31, 2025, or until the credit line of the program has been fully utilized.

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Bangkok Bank signs MOU with Chulalongkorn University’s Faculty of Engineering to promote personnel development and transfer of digital technology knowledge to increase competitiveness while supporting Thailand’s economic growth

April 25, 2024

IT personnel development – Bangkok Bank Senior Executive Vice President Suteera Sripaibulya and Senior Executive Vice President, IT Division Manager, Kukkong Ruckphaopunt, signed an MOU with Prof. Dr. Supot Teachavorasinskun, Dean of the Faculty of Engineering, Chulalongkorn University, to jointly promote the personnel development and knowledge transfer of technology and digital innovations to students in the Computer Engineering and Digital Technology (CEDT) program in support of the technology labor market while simultaneously increasing the country's economic competitiveness with digital technology. Bangkok Bank Senior Vice President Sorakrit Phruthanontachai and Asst. Prof. Attawith Sudsang, Ph.D., Head of the Department of Computer Engineering, Faculty of Engineering, Chulalongkorn University, joined the event as witnesses at Suan Ruam Jai Meeting Room 1, Engineering Building 3, Faculty of Engineering, Chulalongkorn University.

In its role as a 'trusted partner', Bangkok Bank is committed to being a leader in innovation by implementing a digital banking strategy that emphasizes the application of technology to create and develop products and services to meet the financial and lifestyle needs of customers. The Bank offers CEDT students the opportunity to participate in workshops and take part in work experience with the Bank's expert team throughout the complete software design and development process, including the use of design thinking concepts to develop skills and expand knowledge. The program aims to provide students with the skills and knowledge needed to become tech talent who can effectively fill the technology labor market’s high demand for skilled professionals.

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Bangkok Bank reports a net profit of Baht 10,524 million for the first quarter of 2024

April 18, 2024

Thailand’s overall economy in the first quarter of 2024 continued to expand, underpinned by the service sector as the number of foreign tourists, especially Chinese tourists as a result of the government’s visa exemption policy. However, Thailand’s exports declined in tandem with subdued demand from trading partners. Public spending contracted from both capital expenditures and regular government expenditures since the budget for the fiscal year 2024 is in the process of finalization. Going forward, important factors that still need to be closely monitored include the uncertainty of the world economy, the effect from central banks maintaining high interest rates to control inflation, China’s economic slowdown due to problems in the real estate sector as well as trade and technology conflicts with the US, and global geopolitical tensions.

Amidst an uncertain economic situation, trade conflicts and global geopolitics, increasing proposition about the environment, society and governance, shifts in government policies and regulations, advances in technology and new innovations still affect business operations. As a “trusted partner and reliable close friend”, the Bank focuses on providing advice for customers to adapt their business operations. This includes promoting the development of necessary skills and knowledge for continuous adaptation, supporting the creation of partnerships in the business ecosystem, and reinvesting in environmentally friendly economic activities. In addition, the Bank supports customers to benefit from opportunities to grow their operations overseas for sustainable growth.

Bangkok Bank reports a net profit of Baht 10,524 million for the first quarter of 2024

Bangkok Bank and its subsidiaries reported a net profit of Baht 10,524 million in the first quarter of 2024, an increase of 18.7 percent from the fourth quarter of last year. Net interest income declined due to an increase in interest expenses on deposits, following the gradual rise in interest rates from maturing deposits. This resulted in a net interest margin of 3.06 percent. Non-interest income increased as a result of investment income as well as net fees and service income from better performance of bancassurance and mutual fund services. Operating expenses decreased while the cost to income ratio stood at 47.1 percent. As part of its continuous prudent management, the Bank set aside Baht 8,582 million in expected credit losses to accommodate uncertainties going forward.

Bangkok Bank continues to operate under its prudent management approach and retains financial, liquidity and capital positions at a healthy and appropriate level to deliver strong and sustainable growth

At the end of March 2024, the Bank’s total loans amounted to Baht 2,736,427 million, an increase of 2.4 percent from the end of last year from loans to large corporate customers and loans made through the Bank’s international network. The non-performing loan to total loans ratio remained manageable at 3.0 percent. Under the Bank’s continuous prudent management approach, the ratio of the allowance for expected credit losses to non-performing loan remained strong at 291.7 percent.

As of March 31, 2024, the Bank’s deposits amounted to Baht 3,198,332 million, a similar level to the end of last year, while the loan to deposit ratio stood at 85.6 percent. The total capital adequacy ratio, Tier 1 capital adequacy ratio, and Common Equity Tier 1 capital adequacy ratio of the Bank and its subsidiaries stood at 19.7 percent, 16.3 percent and 15.6 percent respectively, comfortably above the Bank of Thailand’s minimum capital requirements.

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The Power of givers! Bangkok Bank delights at “8 million cc for 80 years of Bangkok Bank” reaching target quicker than scheduled, announces “8 million cc x 2” to continue collecting blood to save lives.

April 17, 2024

Going for “8 million cc x 2” – Bangkok Bank, your ‘trusted partner’, led by Executive Vice President Pochanee Kongkalai (4th from left), Vice President, Office of the President Penmart Hengparinyathorn (2nd from left), Vice Presidents, Public Relations Department Aphiwat Punnopakorn (3rd from right) and Suwit Indrachalerm (right), Vice President, Central Region 3 Manager Nithirut Siriruchiphat (left), Assistant Vice President, Central Region 4 Manager Ruttana Lekcharoenrut (3rd from left) and Assistant Vice President, Health Care Dr.Sripetch Kanjanakeerana (2nd from right) joined Piyanan Kumkrong, Assistant Director of Blood Procurement and Corporate Image of the National Blood Centre, Thai Red Cross Society, to kick-off “8 million cc x 2” and announce Bangkok Bank’s commitment to continue collecting blood reserves for the National Blood Center, Thai Red Cross Society. This activity is a continuation of the “8 million cc for 80 years of Bangkok Bank” project which reached its target of collecting 8 million cc of blood ahead of schedule in February 2024. Launched in April 2023, the project originally aimed to reach its target on Bangkok Bank’s 80th anniversary in December 2024.

Currently, 8.7 million cc (8,791,200 cc as of April 9, 2024) from 21,978 donors has been collected as part of this project which is expected to help more than 60,000 patients.

Bangkok Bank recognises the importance of maintaining blood reserves and invites the Bank’s executives, employees, partners and customers, as well as the general public, to be “givers” by regularly donating blood to increase blood reserves and save lives.

Those interested in the “8 million cc x 2” activity can donate blood at the National Blood Centre, Thai Red Cross Society's 12 locations nationwide, mobile blood donation units and any provincial hospital which acts as a blood service branch hospital. Simply scan the QR code and fill in your information to ensure your blood will be counted as part of the “8 million cc for 80 years of Bangkok Bank” project.

Bangkok Bank and the National Blood Centre, Thai Red Cross Society will set up mobile blood donation units at Bangkok Bank, Silom Head Office and Rama III building to facilitate blood donations from the Bank’s executives, employees and customers as well as the general public on April 17, 2024, and continue this every three months until November 2024. For more information and to find out the dates when the mobile blood donation units will be at Bangkok Bank, Silom Head Office and Rama III building, please contact Bangkok Bank or call 1333 or 0 2645 5555.

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Bangkok Bank reserves 40 billion baht in cash at more than 8,000 ATMs and branches nationwide to support customer spending and traveling during Songkran 2024

April 04, 2024

Bangkok Bank has reserved an additional 40 billion baht in cash to serve higher demand at more than 8,000 Bangkok Bank ATMs and branches nationwide during Songkran. The Bank will frequently refill cash at ATMs to support government plans to organize activities that celebrate the Songkran 2024 festival.

Bangkok Bank reported that it has reserved an additional 40 billion baht of cash at its more than 8,000 ATMs and branches around the country to meet higher customer demand during the Songkran festival between April 12 – 16, 2024. During this time, people will spend more on goods, gifts, food, and drink to celebrate the Songkran festival with many travelling to other provinces or back to their hometowns to receive blessings from their senior relatives during Thai New Year.

Customers can use Bangkok Bank’s financial services at more than 200 micro branches in department stores and community locations nationwide, and cash deposits and withdrawals are also available at more than 200,000 Bank agent service points across the country at Counter Service at 7-eleven, Lotus’s stores, Bank@Post at Thailand Post, Boonterm kiosks (cash deposit), Big C Supercenter (cash deposit), SABUY COUNTER, SABUY VENDING PLUS, and Term Dee kiosks. Other electronic channels are also available to provide services to customers including ATMs, CDMs, Bualuang iBanking, Bangkok Bank Mobile Banking, Bualuang Phone 1333 or 0 2645 5555, and QR Code payments.

The Bank has also prepared a plan to increase the frequency of cash refills in locations near major tourist attractions and communities so customers have enough cash to meet their needs during the holidays, as well as ensuring they can conveniently make other required financial transactions. For more information please call Bualuang Phone at 1333 or 0 2645 5555.

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Bangkok Bank joins AIA to launch the “Be Together For Health” plan via mobile banking with no limits on the number of times and total amount per year as well as low insurance premiums starting at just 16 baht per day while emphasizing its status as a trusted partner who is ready to take care of customers in all situations

March 12, 2024

Bangkok Bank joins AIA Thailand to offer life and health protection for customers with the "Be Together For Health" insurance via mobile banking covering complete medical expenses up to 60,000 baht per visit, with no limit on the number of visits or total amount claimed per year with insurance premiums starting at just 16 baht per day. The Bank is happy to be a trusted partner who is ready to take care of customers in all situations.

Bangkok Bank Executive Vice President Pornpimon Trongtiengdham said that after the Covid-19 pandemic, consumers have become more interested in purchasing health insurance, but they often choose coverage based on necessity and low premiums. Therefore, to meet the needs of consumers wishing to prepare for future medical expenses, Bangkok Bank has collaborated with AIA Thailand to launch the Be Together For Health plan, which provides coverage for inpatient (IDP) medical expenses and emergency medical treatment as well as additional protection in case of death with appropriate premiums for customers who use mobile banking. This insurance product has been available via Bangkok Bank Mobile Banking since March 1, 2024, offering coverage for medical expenses with no limit on the number of visits and total amount claimed per year as well as low insurance premiums starting at just 16 baht per day.

“Nowadays, health issues have become more and more important for consumers, but they are often worried that insurance premiums are too high and buy more coverage than necessary, or they are not comfortable buying insurance through an agent. The Be Together For Health insurance plan is designed to meet this need and is available for purchase via Bangkok Bank Mobile Banking, providing customers with easy access and simplicity. The premium is not too high, so it is easy to make a purchase decision. You can get all the benefits and have sufficient coverage for medical expenses. It allows customers to be worry free and gives them time to study the product until they are satisfied while meeting the needs of young people who want convenience and privacy. Bangkok Bank is ready to be a trusted partner who is ready to take care of all groups of customers in every situation," said Ms. Pornpimon.

Recently, Bangkok Bank and AIA Thailand have offered life insurance sales via mobile banking to meet the needs and create a good user experience for customers. There are products that meet different needs including Be Together For You, a life and health insurance plan that focuses on high coverage and is designed to meet each customer’s individual needs, Be Together Smart Care, a plan covering 5 critical illnesses, and the recently launched Be Together For Health, that provides customers with peace of mind about medical expenses.

Ms. Auraratana Jutimitta, Chief Strategic Bancassurance Alliance Officer, AIA Thailand said Be Together For Health, a life and health insurance plan, is suitable for those who want to add additional life and health coverage with affordable premiums. It is for the insured between the ages of 20-60 years old. You can pay premiums on a monthly or yearly basis and get coverage until 85 years old. There are two plans for you to choose from – the first offers a coverage of 30,000 baht, while the second offers a coverage of 60,000 baht with highlights including:

Reimbursement with actual medical expenses up to 30,000 or 60,000 baht per claim (coverage conditions depending on the selected insurance plan) with no limit on the number of visits and total amount claimed per year.
Extra coverage for chronic kidney disease, tumors or cancer treated with radiation or chemotherapy up to 30,000 or 60,000 baht per claim (coverage conditions depending on the selected insurance plan).
If death occurs during the policy period, receive a benefit of up to 90,000 baht.
Easy to purchase via Bangkok Bank Mobile Banking application without medical underwriting.

“AIA Thailand and Bangkok Bank designed insurance based on the needs of customers to ensure that the products are suitable for the customer’s requirements. Be Together For Health insurance customers can easily purchase the plans by themselves by answering five health declarations. Additional comprehensive coverage including room charges, medical expenses and surgical expenses are considered another additional option for health preparedness,” said Auraratana.

Those interested in the ‘Be Together For Health’ insurance plan can purchase the policy via the Bangkok Bank Mobile Banking application. For more information, please call Bualuang Phone 1333 or AIA Call Center 02-353-8855 every day from 8.00 am to 10.00 pm.

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Bangkok Bank joins InterGold to provide ‘Supply Chain Finance’ for gold shops featuring special interest rates and real-time credit withdrawal while emphasizing its status as a ‘trusted partner’ that supports customers to seize business opportunities

March 11, 2024

Bangkok Bank has joined InterGold Gold Trade Co., Ltd. to launch “Supply Chain Finance”, a service that provides gold traders with access to full funding sources and aims to increase working capital to trade gold. The service offers high credit limits and special interest rates while enabling customers to make secure, fee free credit withdrawals 24 hours a day, meeting customer needs of having a “trusted partner” while enhancing growth opportunities for Thai entrepreneurs in a thriving gold investment market.

Bangkok Bank Executive Vice President Pipat Assamongkol said the Bank has cooperated with InterGold Gold Trade Co., Ltd., one of Thailand's major importers and exporters of gold bars, to launch "Supply Chain Finance" for gold traders. This is an online service that enhances the financial potential of entrepreneurs who partner with InterGold so that they have available working capital and are ready to seize business opportunities, especially in the gold market which continues to be popular with investors and savers. The Bank has designed the service to be flexible, and special interest rates perfectly meet customer needs. In addition, it is also convenient as customers can withdraw their credit, make payments and check their remaining credit limit online 24-hours a day, as well as benefiting from free transactions and the highest security standards.

“This partnership between the Bank and InterGold Gold Trade is another important step that will strengthen InterGold's trading partners, giving them liquidity that enables them to buy and sell gold at the right time. Gold is a popular asset and a popular alternative savings option among investors. The market continues to grow because it is a safe, stable asset and one of the few asset classes that does not fluctuate according to economic crises or war. Therefore, the "Supply Chain Finance" service is ready to be a complete source of capital that will help strengthen the financial potential of InterGold's trading partners. As a “trusted partner”, Bangkok Bank is proud to help enhance the potential of Thai entrepreneurs so they can capture business opportunities and achieve strong and stable growth,” said Mr. Pipat.

Mr. Teerarat Jutavarakul, Managing Director, InterGold Gold Trade Co., Ltd. said that the company has more than 70-year experience in the gold market and is one of the major importers and exporters of gold bullion in the country. The company responds to the needs of customers in the gold business servicing both retail-wholesale customers and retail investors with 96.5% standard gold bars (Office of the Consumer Protection Board standard) and 99.99% gold bars (LBMA standard) that are accepted in Thailand and the global market. Its services are available via Gold Phone, Gold Online and the InterGOLD Application.The collaboration with Bangkok Bank for “Supply Chain Finance” service will greatly benefit InterGold members by allowing them to access capital sources with low interest rates that will enhance their liquidity and increase cash flow for further investment in gold trading which will lead to greater profitability.

“InterGold is delighted to collaborate with Bangkok Bank, a leading financial institution, to jointly support credit facilities for our trading partners through the “Supply Chain Finance” service. This service not only enhances liquidity for InterGold’s trading partners, but also enables them to conduct business and invest in gold trading more profitably, especially in the current market environment where gold prices are constantly fluctuating and attracting considerable interest from investors engaged in both short-term and long-term trading,” Mr. Theerathat said.

Partners of InterGold Gold Trade Co., Ltd. or those interested in the ‘Supply Chain Finance’ loan can visit www.bangkokbank.com or contact us via email at tradeservices.cs@bangkokbank.com.

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Bangkok Bank joins local government agencies and communities in Samut Sakhon Province to solve the environmental crisis by installing litter traps for the Bualuang Save the Earth: Rak Tha Chin project
to emphasize its 80-year commitment to sustainability and its role as a ‘trusted partner and reliable close friend’

February 23, 2024

Bangkok Bank carried out its Bualuang Save the Earth: Rak Tha Chin project in cooperation with local government agencies and community network partners in Samut Sakhon Province to install litter traps in the pilot areas of Khlong Luang Sahakon and Khlong Pittayalongkorn, Khok Kham Subdistrict, to reduce the amount of waste flowing into the Tha Chin River and the Gulf of Thailand by more than 148 tons per year. Meanwhile, the Bank has studied the origins of waste in order to get to the root of the problem while emphasizing its role as a trusted partner and reliable close friend committed to building a foundation for sustainability for Thai society as it enters its 80th year of operations.

Bangkok Bank Director and Senior Executive Vice President and Corporate Secretary Mr. Kobsak Pootrakool said the Bank started the Bualuang Save the Earth: Rak Tha Chin project to help solve the waste problem in the Tha Chin River, which is one of the five main rivers that flow into the Gulf of Thailand. At present, the first phase is underway. Recently, the Bank collaborated with local government agencies, people, and communities including Samut Sakhon Province, the Marine and Coastal Resources Office 8, the Marine and Coastal Resources Research and Development Institute, the Marine and Coastal Resources Research Center (Upper Gulf of Thailand), the Samut Sakhon Fisheries Association, the Marine Office Samut Sakhon Branch, the Khok Kham Subdistrict Administrative Organization and Wat Sahakon Khositaram to install litter traps in the pilot areas of Khlong Luang Sahakon and Khlong Pittayalongkorn, Khok Kham Subdistrict, Mueang District, Samut Sakhon Province, after research showed a large amount of waste coming from nearby communities until it gathered in these areas before being swept into the Tha Chin River and the Gulf of Thailand.

The installed litter trap consists of three types of tools: a buoy-strung litter trap (Boom) made from yellow HDPE plastic, sized 0.35x0.50 meters, with a net length of 15 meters, a depth of 50 centimeters below the water surface, and a lifespan of 5-7 years; bamboo cage litter trap which is a bamboo frame with nets, sized 3x3 meters, with a lifespan of 3-5 years, and staking litter trap which is a bamboo frame tied to a net, sized 5x10 meters, and a lifespan of 3-5 years. These types of tools are suitable for all tidal currents, and they will help trap waste that flows downstream and prevent it from flowing into the Tha Chin River and the Gulf of Thailand. At the same time, a permanent waste shelter was installed for storing plastic bottles both from the surface of the water and on land in the shape of the whale shark “Nong Jud”, the big brother of the sea. Plastic beverage bottles are one of the most common marine wastes found in Thailand. A “Nong Jud” shelter has been installed at two points in the courtyard of Wat Sahakorn Khositaram which is an area where events and flea markets are held regularly. All of these tools will have local staff coming to take care of them regularly by separating and recycling waste. As for waste that cannot be recycled, or orphaned waste, it will be sent to make alternative fuels for further benefit.

Mr. Kobsak added that in addition to installing litter traps, the plan’s second phase is underway and is organizing activities in collaboration with local agencies to raise awareness of household waste separation for communities and schools, which will help supplement income to families. As the community comes to understand more details around the amount of waste that can be separated, the Bank will begin to work towards the establishment of a waste bank project for people and companies to exchange, buy and sell waste in the area in order to manage waste in a complete and efficient manner.

"The Bualuang Save the Earth: Rak Tha Chin project was launched to build engagement for solving the problem of marine debris. The Tha Chin River is one of the five major rivers that flow into the sea, responsible for more than 14 million pieces of garbage, or about 148 tons, per year. It is a big issue that we can't ignore and must remove these wastes as quick as possible. At the same time, new waste must be prevented from flowing into the river, which creates more problems. This is the why the installation of the garbage trapping tools as the first phase of the project needs to be done urgently. At the same time, members of the Bualuang Green Team and a team of volunteers from the Bank's head office and branch staff, together with Khok Kham Subdistrict Administrative Organization, participated in the activity. Data will be recorded to measure the amount and origin of each type of waste in order to better understand the problem and solve the root of the problem. This will make the solution effective and sustainable," said Mr. Kobsak

Mr. Wasan Kawjunan Assistant Village Headman, Moo 8, Khok Kham Subdistrict, Mueang District, Samut Sakhon Province and a resident of Khok Kham Sub-district for more than 37 years, said that the installation of waste trapping tools as part of Bangkok Bank’s Bualuang Save the Earth: Rak Tha Chin project should help solve the problem of waste flowing into the sea and produce more tangible results. As urban areas have started to expand over the past 20 years there has been an increase in housing estates and factories. As a result, the problem of garbage and sewage flowing into rivers and canals has increase, which affects the environment. It also results in more encroachment on fishing and natural areas. Locals in the area, most of whom are engaged in coastal fishing or shrimp farming, have a hard time finding natural baby shrimp, and even swimming in the canal is not possible because the water is not clean.

"We hope that the installation of garbage traps will be a starting point to help stop garbage from flowing into the coast and sea, which is one of the major causes of the problem. Then, we must work together to restore marine and coastal natural resources, so the natural baby shrimp will be increased. At the same time, we work to instill environmental awareness among the youth, which we believe will lead to good habits so they can help change the environment for the better in the future." said Mr. Wasan.

The Bualuang Save the Earth: Rak Tha Chin project was born from Bangkok Bank's intention to tackle marine debris. Bangkok Bank signed a Memorandum of Intent on Cooperation in Marine Debris Management with the participation of all sectors in the estuary on June 8, 2022 in Phuket to participate in 5 projects for the pilot phase. Participations divided the areas of responsibility into 5 major rivers that flow into the sea (for the 5-year plan from 2023 – 2027). Bangkok Bank has visited the area with local government agencies and communities and plans to work together to find solutions to multiple problems in the area. The comprehensive solutions increase participation and generate income for communities, so the solutions will achieve a concrete and sustainable marine debris management goals.

Mr. Kobsak concluded that in addition to the Rak Tha Chin project, which is part of the Bualuang Save the Earth project, the Bank also organizes various ongoing activities, including inside Bangkok Bank's head office building and bank branches. The Bank raises awareness of the most efficient use of energy and resources to reduce greenhouse gas emissions and waste generation. This is in line with one of the Bank's sustainability policies that has been clearly defined under four approaches: 1. Risk management, 2. Human resource management, 3. Good corporate governance, and 4. Creating sustainable value for society and the environment, which have been the foundation of the Bank's business operations for 80 years. This reaffirms its commitment as a trusted partner and reliable close friend that works to earn the highest trust through sustainable business operations.

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Bangkok Bank joins AIA to launch the unique ‘Be Together Infinite 789’ life insurance product to help customers comprehensively plan their finances to answer the needs of every generation while being a trusted partner for all financial matters

February 19, 2024

Bangkok Bank has continued its plan to enter the life insurance market by launching its new product, “Be Together Infinite 789”, which rewards customers with cash coupons when reaching the maturity date. After paying premiums for only 7 years, customers will receive coverage until age 89. In the case of death, customers will receive benefits up to 789% of the sum assured and double the amount if they die from an accident. This new product can only be purchased at Bangkok Bank branches. Customers can be confident that it will be the only life insurance product they need, as it answers the financial planning needs of every generation, emphasizing the Bank’s role as a trusted partner for all financial matters.

Bangkok Bank Executive Vice President Pornpimon Trongtiengdham said today Thai society has entered the "aging society" phase, making it necessary to have tools that help answer financial planning that covers both short-term and long-term life goals. Bangkok Bank attaches great importance to this matter and has used it as a starting point for developing financial products to comprehensively meet these needs through the ‘3 Gens Solution’ concept to design a product that answers the needs of all 3 generations in the family: Baby Boomer – the generation of grandpa and grandma or retirement age, Gen X – the generation of parents, and Gen Y & Gen Z – the generation of children and grandchildren. The Bank aims to be a trusted partner for every generation of customers in various areas, including wealth protection, creating passive income, and passing on inheritance to heirs.

Recently, the Bank joined AIA Thailand as the main life insurance partner to launch the “Be Together Infinite 789” program that will help customers earn passive income in the long term without having to worry about market interest rates or investment fluctuations as customers will receive benefits from the policy regularly every year. Customers are divided into two wealth groups - those who purchase with a sum assured of 1-10 million baht will receive an annual cash coupon of up to 10% of the sum assured; and those who purchase with a sum assured of 100,000-999,999 baht will receive an annual cash coupon of 9% of the insured sum. Both groups will receive cash coupons from the end of the first policy year until reaching age 88, and when reaching age 89, they will receive 789% of the sum insured.

“Be Together Infinite 789” also meets the needs of long-term life risk management with life coverage increasing each year up to 789% of the sum assured. Additional peace of mind is provided, as in case of accidental death, life coverage will be doubled. This is another highlight of this insurance plan that helps allocate money as an inheritance to pass on wealth to children.

You can buy it for yourself to create a stable passive income, or for your children as a tool to help transfer wealth. The insurance provides protection for customers from the age of 15 days to 60 years old. It is easy to plan your finances and make purchasing decisions because you will pay the premium for only 7 years. In addition, insurance premiums are personal income tax deductible according to the criteria set by the Revenue Department.

As a "trusted partner" in all financial matters for our customers, we are confident that Be Together Infinite 789 is another tool that helps you to plan long-term finances effectively and will be the main product of Bangkok Bank's life insurance this year, with the key highlights as follows:

Receive a 9% or 10% cash coupon from the end of the first policy year and 789% when reaching the maturity date
Pay a short premium term of only 7 years, but get coverage up to the age of 89 worth up to 789% of the sum assured and double in case of accidental death, and
An Exclusive offer from Bangkok Bank only.

“This is in line with the Bank’s role as a trusted partner in all financial matters," said Ms. Pornpimon.

AIA Company Limited Chief Strategic Bancassurance Alliance Officer Auraratana Jutimitta said, “’Be Together Infinite 789’ was developed in collaboration with Bangkok Bank to meet the needs of customers. We are confident that this insurance will be another tool that will help our customers effectively plan their long-term finances to create stability for themselves or their families with various benefits including:

Premium payment period of 7 years with coverage up to 89 years old.
Receive an annual return from the end of every policy year of 9% or 10% of the sum insured, depending on the chosen insurance amount, ranging from 100,000 to 10,000,000 baht.
Receive a cash coupon of 789% of the sum assured when reaching the maturity date.
If death occurs during the policy period, receive 100% of the sum assured plus an additional 100% for every policy year up to a maximum of 789% of the sum assured starting from the 7th policy year onward.
In case of accidental death (ADB), receive double the coverage benefits.
Easy to apply without health declaration or medical underwriting.

“AIA Thailand is pleased to present this insurance to Bangkok Bank customers. Our close collaboration has led to an insight of understanding customer needs, resulting in the development of products that address these needs. This emphasizes the commitment of AIA Thailand and Bangkok Bank have for creating financial sustainability for customers,” said Auraratana.

Those interested in the ‘Be Together Infinite 789’ plan can get advice and planning at any Bangkok Bank branch. For more information, please call Bualuang Phone 1333 or AIA Call Center 02-353-8855 every day from 8.00 am to 10.00 pm.

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Bangkok Bank extends the success of its “Young Director Award Season 2” project to promote tourism in secondary provinces, announcing the winners of the Golden Bualuang award who won prizes totaling 800,000 baht while emphasizing its role as a trusted partner to support the Thai film industry and build sustainable growth of the Thai economy

February 12, 2024

Bangkok Bank extends the success of its “Young Director Award Season 2” project to promote tourism in eight secondary provinces, announcing the winners of the Golden Bualuang award who won prizes totaling 800,000 baht. The Bank will present the winning submissions on the Bank’s online channels to help stimulate the economy and distribute income to local areas. At the same time, the project will give Thai students who are interested in making films a stage to showcase their skills and directly learn from eight famous directors as they embark on their careers as film directors.

Bangkok Bank President Mr. Chartsiri Sophonpanich said the Bank has supported the Young Director Award project for two consecutive years to help stimulate the economy by promoting the unique charm of Thailand’s secondary provinces as new destinations for tourists from around the world. At the same time, the project will showcase the creativity and storytelling skills of young generations who are interested in making films. The event was well received with more than 230 participating teams. Eight finalists had a chance to join a masterclass session in creating short films with eight famous directors who acted as their mentors to help promote tourism in eight secondary provinces.

“The Bank would like to thank those who participated in the Young Director Award Season 2 project. The event was well received with more than 230 participating teams. We would like to congratulate all winners who created outstanding works that won the judges’ hearts. We believe that all of them gained useful knowledge and experience from this project which will help them in their future careers in the Thai film industry, which plays a key role in stimulating the Thai economy with creative thinking. As a leading regional bank, we are delighted to support activities that stimulate the economy and distribute income to local communities. We are ready to be a trusted partner for all people, businesses and industries to help drive the Thai economy toward sustainable growth,” said Mr. Chartsiri.

Bangkok Bank Director and Senior Executive Vice President, Corporate Secretary and Project Founder Kobsak Pootrakool highlighted the success of the Young Director Award Season 1, which was produced under the theme of “Favorite Dish, Secret Episode”. “The first round of the Young Director Award promoted restaurants with a "Favorite Restaurant, Secret Episode" badge certified by Bangkok Bank. This year the second season of the project invited new generations to promote local community tourism and products to strengthen local economies, particularly across the eight secondary cities. Short films from eight finalists represent the potential of the young generation who are ready to become professionals in the film industry.”

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Bangkok Bank reserves 40 billion baht cash at 8,000 branches and at ATMs across the country to support Chinese New Year spending

February 02, 2024

Bualuang ATMs

Bangkok Bank has prepared 40 billion baht cash at 8,000 branches and ATMS nationwide for withdrawals during Chinese New Year and will increase the frequency of cash top ups at its ATMs in response to rising demand for cash as people make purchases of Chinese New Year offerings, give red envelopes of money as gifts, travel to get blessings and buy things under the Easy e-Receipt scheme to stimulate the Thai economy during the new year.

A news report from Bangkok Bank revealed that the Bank had arranged 40 billion baht cash for withdrawals at more than 8,000 branches and ATMs across the country to cope with the rising demand for cash during Chinese New Year as people make purchases of Chinese New Year offerings and gifts and give red ‘ang pao’ envelopes with cash inside following the Chinese New Year tradition.

Customers can make cash withdrawals using Bangkok Bank services at any microbranch at shopping malls and communities, or at the Bank’s banking agents: Counter Services at 7-eleven convenience stores, Lotus’s stores, Bank@Post at Thailand Post, Boonterm kiosks (cash deposit), Big C Supercenter (cash deposit), SABUY Counter, SABUY Plus top tup machines and Termdee kiosks available at more than 200,000 locations across the country. In addition, customers can send e-Ang Pao envelopes via the Bank’s electronic channels such as Bangkok Bank Mobile Banking and Bualuang iBanking to send happiness and good fortune to others.

In addition, the Bank will increase the frequency of cash top up at Bualuang ATMs to ensure that customers can make sufficient cash withdrawals whenever they need. The cash availability is expected to help boost Chinese New Year spending and result in a positive impact on the economy.

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Bangkok Bank enables customers to open accounts via mobile banking with identity verification via more than 2,000 Boonterm kiosks for convenience, ease and security, available 24 hours a day

January 29, 2024

Bangkok Bank collaborated with Forth Smart Service Public Company Limited (FSMART), an automatic service channel provider for financial services under the trademark of “Boonterm” which serves as the Bank’s banking agent, to expand the Be My ID service for Bangkok Bank account opening 24 hours a day* via more than 2,000 Boonterm kiosks nationwide. At the end of 2022, more than 95,234 Boonterm kiosks nationwide** were able to accept cash deposits into a Bangkok Bank account. The service received good feedback from customers for being convenient, easy, safe and flexible as the service is available 24 hours a day and deposits can be made from 100 – 5,000 baht per transaction with a maximum of 40,000 baht per day per depositor (subject to transaction fees specified by the Bank).

The Be My ID identity verification service can be done easily. New customers wishing to open an e-Savings account can download the Bangkok Bank Mobile Banking application and follow the account opening instructions. Customers are required to prepare two items namely 1. a smart Citizen ID card and 2. the 7-digit Reference Code from Bangkok Bank Mobile Banking (the code is valid for 48 hours). You can verify your identity at Boonterm kiosks by choosing Identity Verification, and Bangkok Bank Identity Verification, then inputting the 7-digit Reference Code and inserting your Citizen ID card at the Boonterm kiosk. Once complete, the screen will indicate the identity verification is successful. Thereafter, customers can log back into Bangkok Bank Mobile Banking to complete the account opening. The e-Savings account will be successfully opened without needing in-person service from staff.

Customers who apply for the Bangkok Bank Mobile Banking app, open an e-Savings account and make any two financial transactions including deposit, withdrawal, transfer, top-up or payment within seven days after the account opening will get a 100-baht Shopee discount code from today – April 30, 2024.

As a trusted partner, Bangkok Bank understands and stays close to customers across all financial transactions. The Bank is committed to expanding its cooperation with strong partners to create a comprehensive banking agent network offering service points to enhance financial transaction services with high standards of security. This enables customers to conduct financial transactions with ease, convenience and confidence anywhere anytime. Currently, the Bank has more than 200,000 service points that accept deposits and more than 20,000 service points which provide the Be My ID identity verification service nationwide. Interested customers can get more information by calling Bangkok Bank Call Center 1333 or 0-2645-4555 or visit the banking agent’s website at https://www.bangkokbank.com/th-TH/Personal/Other-Services/Banking-Agent/BeMyID-Boonterm.

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Bangkok Bank launches 20-billion-baht Bualuang Transformation Loan program to support SME and facilitate their competitiveness and sustainable growth with a fixed interest rate of 5% per year

January 19, 2024

Bangkok Bank President Chartsiri Sophonpanich said that the economy and business environment are changing rapidly and continuously which is a result of digitalization, regionalization, and urbanization. Bangkok Bank recognizes the need to help customers adapt to various changes as the Bank's strategy is to support the Thai business sector to be more competitive and ready to expand business in foreign markets to benefit from being part of the global supply chain. In this regard, the Bank has launched the Bualuang Transformation Loan program with a total credit line of 20 billion baht with a fixed interest rate of 5% per year and a repayment term of up to five years to assist two groups of SME customers: a group that continues to be impacted by issues that emerged during the Covid-19 pandemic and requires continuous assistance to help their businesses thrive again, and a group that needs funds to invest in transforming their business to cope with digital transformation, transitioning to the Next Normal, technology changes, higher energy prices, and other disruptive factors, so that they can increase their competitiveness and create long-term sustainable growth.

“Bangkok Bank places great emphasis on taking care of all customer groups as a trusted partner and reliable friend who stays close to them so that we can get through this crisis together. Bualuang Transformation Loan is a special loan program to provide assistance to SME customers in addition to our existing loan assistance programs. For the group that needs to get the loan to recover their business, the Bank is not only offering loans, but also continuing to closely monitor and evaluate the situation and provide advice to customers accordingly. Another group is SME customers who need to adjust their business to the current situation and the various opportunities it provides. For this group, we will focus on supporting investment to improve or procure machinery, equipment and tools, as well as systems and processes, in three key areas of business transformation: digital technology, green business, and innovation. This will help enhance their business potential by increasing their competitiveness and ability to deliver sustainable growth.”

Mr. Chartsiri said: “Amid this global economic volatility, Bangkok Bank is ready to take action to support customers to overcome challenges and difficulties together. If the situation changes and our customers require further support for other reasons, we will consider providing assistance in addition to this special loan program.”

Interested SME businesses, both existing or new customers, can apply for the Bualuang Transformation Loan from February 1, 2024 - January 31, 2025 (or when credit limit of the program has been fully utilized) by contacting your business relationship officer, business center or Bangkok Bank branch nationwide. For more information, please contact Bualuang Phone 1333 or 0 2645 5555