Bangkok Bank

The Bangkok Bank Public Company Limited ( Thai: ธนาคาร กรุงเทพ ) is a privately organized bank in Thailand. The Bank is one of the oldest pure Thai banks and has more than 600 branches nationwide and 21 more outside the country, including in New York City and London. The Company's management is located in the business district Bangrak, Bangkok. The Bank SWIFT Code BKKBTHBK.

History

The initiative for the establishment of the Bangkok Bank took place in the 1940s, when it increasingly difficult fell during the Second World War domestic companies to obtain loans from foreign banks. After the Japanese conquest of Southeast Asia all banks in the U.S. and Europe were forced to close in the Japanese sphere of influence, which led to an economic vacuum.

The company was founded on 20 November 1944 as a Bangkok Bank Co. Ltd.. entered and grew since the official start of business on December 1, thanks to the support of local business people very quickly. First, we had 23 employees working in two adjacent houses in the Chinatown in Bangkok.

The first board, Luang Roprukit (1944-1952), caused by its diverse economic relations for the good reputation as a customer- oriented company that could provide funds for the necessary reconstruction after the end of the war. However, this is not to be compared with the benefits that had to be done in Germany and elsewhere to rebuild.

The second Board, Chin Sophonphanich (1952-1977), continued the company's rise. He cared for the expansion of the branch network in the rural areas. Also, the growing foreign trade of the country needed more financial instruments, which were gradually provided by the Bangkok Bank. The bank was the first financial institution with its own letters of credit ( secured merchant credit).

1954, the bank opened its first foreign branch in Hong Kong, shortly thereafter followed by others in Tokyo and Singapore, all former main trading partner of Thailand.

Other board members:

  • Boonchu Rojanasatien (1977-1980), left the bank to take over the post of Deputy Prime Minister of Thailand
  • Chatri Sophonphanit (1980-1992; son of Chin ), could increase the company's revenue to twelve times
  • Wichit Suraphongchai (1992-1994)
  • Chartsiri Sophonpanich (since 1994; son of Chatri ), had to circumnavigate the economic crisis in Asia in 1997

Shareholder

Major Shareholders April 27, 2010:

  • Stock Exchange of Thailand (via. NVDR Thai Co., Ltd.. , And The Thailand Securities Depository Co., Ltd. ) > 30 %
  • State Street > 8.08%
  • HSBC - 4.84%
  • Nortrust nominees - 1.87%
Types of business entity International Securities Identification Number Thai baht Vorstand Supervisory board Bang Rak District Letter of credit State Street Corporation List of banks in Thailand
103126
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