Bangkok--12 Apr--Bangkok Bank
Bangkok Bank has been named 'Bank of the Year 2016' by Money & Banking magazine. This is the 9th win in 10 years, beginning in 2007, due 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 effectively manages its credit risk while staying close to its customers and providing them with continuous advice and support. This has helped it to manage the levels of non-performing loans which stand at 2.75 percent. Bangkok Bank has been re-aligning its business processes in 2016 in areas such as digital banking, payments and distribution channels, while developing strategies for product development to ensure that it meets the changing needs of customers, maintains customers' confidence in data security and provides convenience for all customer groups in making transactions for every channel, anywhere anytime.