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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 3rd class 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.
[6]: 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.
[7]
As of April 2018 Bangkok Bank has 1,167 branches in its domestic network,
[8] including self-service outlets, covering all 77 provinces in Thailand.
[9] The branch network is one of the largest branch networks among Thai banks, second only in size to
Krung Thai Bank.
[9] In 2018 the bank also had 117 business centers, 126 business desks and 68 trade finance centers.
[10]
In 2020, Bangkok Bank purchased an 89.12% stake of Indonesia's
PermataBank from
Standard Chartered and
Astra International for Rp33.66 trillion (US$2.3 billion).
[11] The Indonesian branch of Bangkok Bank merged its operations with PermataBank from December 2020, with PermataBank as the surviving entity.
[12][13]
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.
[14]
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 million
baht, net profit of 31,815 million baht, and total assets of 2,944,230 million baht.
[15]
Leadership[edit]
Presidents of Bangkok Bank since its founding are:
Major Shareholder[edit]
Major shareholders as of 6 February 2020:
[16] 1. THAI NVDR COMPANY LIMITED, 29.70% 2. SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED, 4.16% 3. SOCIAL SECURITY OFFICE, 3.15% 4. THAILAND SECURITIES DEPOSITORY, 2.29% 5. UOB KAY HIAN (HONG KONG) LIMITED - Client Account, 2.03%