Bangkok Bank

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Bangkok Bank
ธนาคารกรุงเทพ
Public company
Traded as SETBBL
Industry Financials
Founded 1 December 1944; 72 years ago (1944-12-01)
Founder Chin Sophonpanich
Headquarters Bang Rak, Bangkok[1], Thailand
Number of locations
1,160 branches
~9,300 ATMs
Key people
Chatri Sophonpanich (Chairman)
Chartsiri Sophonpanich (President)[2]
Revenue Decrease 140,920 million baht (2016)
Decrease 31,815 million baht (2016)
Total assets Increase 2,944,230 million baht (2016)
Number of employees
27,142
Subsidiaries Bangkok Bank Berhad, Bangkok Bank (China), Bualuang Securities PLC, BBL Asset Management Company
Website www.bangkokbank.com

Bangkok Bank Public Company Limited (Thai: ธนาคารกรุงเทพ, RTGS: Thanakhan Krung Thep), is one of the largest commercial banks in Thailand. Its branch network includes over 1,200 branches within Thailand, with 32 international branches in 15 economies, including wholly owned subsidiaries in Malaysia and China.[3][4] Bangkok Bank has branches in London and New York to complement its Southeast Asian network.

History[edit]

Entrance to Bangkok Bank branch, with the garuda symbolising the royal warrant

Bangkok Bank was established in 1944 and was listed on the Stock Exchange of Thailand in 1975.

One of Thailand's largest banks, Bangkok Bank has an extensive distribution channel network to serve a variety of customers. Services are provided through physical premises such as branches and business centers, digital banking such as internet banking ("Bualuang iBanking"), mobile banking (Bualuang mBanking), phone banking, 9,300 ATMs, 1,200 CDMs, and other self-service machines.[5]:26

Bangkok Bank currently has the largest overseas branch network of any Thai bank with 32 international branches in 15 economies, including wholly owned subsidiaries in Malaysia and China. The international branch network is concentrated in Southeast Asia, China, Hong Kong, Taiwan and Japan; and the bank also has branches in London and New York. Bangkok Bank is the only Thai bank with a local bank in China with its head office in Shanghai and six branches. The China branches are in Shanghai, Beijing, Shenzhen, Chongqing, Xiamen, and the Shanghai Free Trade Zone. Bangkok Bank has 16 international branches in ASEAN countries which form the ASEAN Economic Community (AEC). Bangkok Bank is the only Thai bank to have a branch in Myanmar where its Yangon Branch opened on 2 June 2015.[6]

As of February 2017 Bangkok Bank has 1,160 branches in its domestic network, including self-service outlets, covering all 77 provinces in Thailand.[7] The branch network is one of the largest branch networks among Thai banks, second only in size to Krung Thai Bank.[7] In 2015 the bank also had 112 business centers, 129 business desks and 68 trade finance centers.

Bangkok Bank has a full range of business, investment banking and personal banking services. It is one of the most active global traders of Thai baht and baht-denominated bonds. The bank trades in all major currencies as well as a large number of regional currencies. Other services include same day transactions in import and export bills, inward and outward remittances, swaps, options, and forward contracts trading in the primary and secondary markets for government bonds and corporate debentures.

The company's current president is Chartsiri Sophonpanich, the grandson of its founder and former president Chin Sophonpanich, and the son of former president Chatri Sophonpanich, who is the chairman of Bangkok Bank.

The company received a royal warrant of appointment for its services and has had the privilege of displaying the royal garuda since 1967.[8]

Bangkok Bank's SWIFT code is BKKBTHBK.

Financial performance[edit]

For the fiscal year ending 31 December 2016 (FY2016), Bangkok Bank had revenues of 140,920 baht, net profit of 31,815 million baht, and total assets of 2,944,230 million baht.[9]

Leadership[edit]

Presidents of Bangkok Bank since its founding are:

External links[edit]

Media related to Bangkok Bank at Wikimedia Commons

References[edit]

  1. ^ Bangkok Bank (2011). 2010 Annual Registration Statement Form 56-1 (PDF). Retrieved 17 November 2011. 
  2. ^ Stock Exchange of Thailand. "Company Profile". Retrieved 18 November 2011. 
  3. ^ "Bangkok Bank to open its 26th international network; Surabaya sub-branch, the bank's second branch in Indonesia" (Press release). Bangkok Bank. 28 March 2012. Retrieved 20 April 2012. 
  4. ^ "Corporate Profile". www.bangkokbank.com. Retrieved 2016-06-24. 
  5. ^ Annual Report 2016 (PDF). Bangkok: Bangkok Bank Public Company Limited. 2017. Retrieved 24 March 2017. 
  6. ^ "Bangkok Bank opens Yangon branch, Myanmar to provide a full range of financial services". Bangkok Bank. Retrieved 2 April 2016. 
  7. ^ a b "FI_CB_060_S2 Number of All Branches of Commercial Banks". Bank of Thailand (BOT). Retrieved 24 March 2017. 
  8. ^ "A Tribute to a King" (PDF). Leaders Magazine. Bangkok. 29 (4): 137–138. October 2006. Archived (PDF) from the original on 29 December 2010. Retrieved 24 January 2011. 
  9. ^ "BBL : BANGKOK BANK PUBLIC COMPANY LIMITED". SET: The Stock Exchange of Thailand. Retrieved 24 March 2017.