Photo Release: Bangkok Bank receives Money & Banking Award 2016 win in Bank of the Year and Best Booth in Money Expo

Friday 24 June 2016 11:57
Bangkok Bank President Chartsiri Sophonpanich led a team of management and employees to receive Money & Banking Awards 2016 in "Bank of the Year 2016", this is the 9th win in 10 years, beginning in 2007. Additionally Bangkok Bank received the Best Booth Award in Money Expo 2016 in the large space category which was presented by Privy Council General Surayud Chulanont and Mr.Santi Wiriyarangsarit, Chair of the event. Bangkok Bank has been honored by Money and Banking magazine to its outstanding performance and profit growth. The Bank's net profit in 2015 was the third-highest among Thai banks at Baht 34.2 billion, representing a net profit of Baht 17.91 per share and a net profit margin of 23.86 percent. In addition to its high profitability, Bangkok Bank takes a prudential and steady approach in allocating reserves for doubtful accounts, and its total loan loss reserves in 2015 amounted to Baht 101.8 billion, or 5.44 percent of total loans. According to the Bank for International Standards (BIS), Bangkok Bank has a total capital adequacy ratio of 17.87 percent, comprising Tier-1 capital of 15.78 percent and Tier-2 capital of 2.09 percent. The bank adapts its strategies to meet changing circumstances by implementing a prudent management framework to secure its financial status while looking for new opportunities to grow at the appropriate time.