Bangkok--18 Apr--Bangkok Bank
BBL and ICBC signed a Reciprocal Funding Line Agreement 8 billion baht to Gain Competitive Edge in Thailand and China
Bangkok Bank Chairman Chatri Sophonpanich (Center), Executive Chairman Kosit Panpiemras (2nd from right) and President Chartsiri Sophonpanich (Bangkok Bank (China) Chairman) (right) signed a Reciprocal Funding Line Agreement with Industrial and Commercial Bank of China Limited (ICBC) Director Li Xiaopeng (2nd from left) and ICBC (Thai) Chief Executive Officer Chen Youbin (left) for a credit facility of RMB 1.6 billion or approximately 8 billion baht in order to increase the liquidity of both parties’ overseas affiliates i.e. ICBC (Thai) and Bangkok Bank (China) which operate in Thailand and People’s Republic of China respectively, including more cooperation to enhance our competitive advantage and growth in the future.