Bangkok Bank
| Bangkok Bank | |
|---|---|
|
|
| Country |
 Thailand
|
| Seat |
Bangkok Thailand
|
| legal form | Corporation |
| ISIN | TH0001010014 |
| BIC | BKKBTHBKXXX |
| founding | 1944 |
| Website | www.bangkokbank.com |
| Business data 2009 | |
| insoles | 1.361 billion baht |
| Customer credit | 1.143 billion baht |
| management | |
| Board of Directors | Kosit Panpiemras |
| Board | Chartsiri Sophonpanich |
| Supervisory board | Chatri Sophonpanich |
The Bangkok Bank Public Company Limited ( Thai : ธนาคาร กรุงเทพ - Thanakan Krung Thep) is a privately organized institution in Thailand . The bank is one of the oldest all-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 administration is located in the Bang Rak business district in Bangkok . The bank has the SWIFT code BKKBTHBK.
history
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The initiative to establish Bangkok Bank came in the 1940s, when it became increasingly difficult for domestic entrepreneurs to obtain credit from foreign banks during World War II . After the Japanese conquest of Southeast Asia , all US and European banks in the Japanese area of influence had to close, which created an economic vacuum.
The company was founded on November 20, 1944 as Bangkok Bank Co. Ltd. and has grown very rapidly since it officially opened on December 1st thanks to the support of local business people. At first there were 23 employees who worked in two neighboring houses in Chinatown in Bangkok. The Asia Trust Group, one of the five large conglomerates in Thailand dominated by Chinese-born entrepreneurs, was formed around the Bangkok Bank as its core . The Asia Trust Group was led by Chin Sophonphanich (Chinese name: Tan Piak Chin) and included the businesses of nine families who immigrated from southern China. It included foreign trade, construction, gold trading and liquor stores.
The first board member (1944–1952), Luang Roprukit , ensured the good reputation as a customer-oriented company through its diverse economic relationships, which was able to provide funds for the necessary reconstruction even after the end of the war. However, this cannot be compared with the work that had to be done in Germany and elsewhere for reconstruction.
The second director (1952–1977), Chin Sophonphanich, continued the company's rise. He ensured the expansion of the branch network in rural areas as well. The country's growing foreign trade also required more financial instruments, which were gradually provided by the Bangkok Bank. The bank was the first credit institution with its own letters of credit (secured dealer loans ).
In 1953 the Bangkok Bank nearly collapsed and could only be saved by a government capital injection of 30 million baht. The rescue operation was arranged by Siri Siriyothin , who was also deputy minister of economics and a member of the board of directors of the Bangkok Bank and son-in-law of the "strong man" of the military government, Field Marshal Phin Choonhavan . In 1954 the bank opened its first foreign branch in Hong Kong , followed shortly afterwards by others in Tokyo and Singapore , all of Thailand's main trading partners at the time.
Other board members:
- Boonchu Rojanasatien (1977-1980), left the bank to the post of Deputy Prime Minister of Thailand to take over
- Chatri Sophonphanit (1980–1992; son of Chin), was able to increase the company's earnings twelve-fold
- Wichit Suraphongchai (1992–1994)
- Chartsiri Sophonpanich (since 1994; son of Chatri), had to circumvent the economic crisis in Asia in 1997
Shareholders
As of March 13, 2015, 97.47% of the shares were in free float .
List of main shareholders:
- Thai NVDR Co., Ltd. ( Non- voting depository receipts managed by a subsidiary of the Stock Exchange of Thailand to circumvent legal restrictions on foreign investors) - 33.9%
- Chase Nominees Ltd. - 3.4%
- Thailand Securities Depository Co., Ltd. ( Central securities depository ) - 3.0%
- Thai Social Security Office - 2.2%
- State Street Bank Europe Ltd. - 2.0%
- State Street Bank and Trust Company - 2.25%
See also
Web links
Individual evidence
- ↑ Entry in the BIC directory at SWIFT
- ↑ www.bangkokbank.com: Annual Report 2009 . Retrieved August 12, 2010.
- ↑ President ( Memento of the original from August 6, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Supervisory Board ( Memento of the original from March 15, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ Tom Wingfield: Democratization and economic crisis in Thailand. Political business and the changing dynamic of the Thai state. In: Political Business in East Asia. Routledge, London / New York 2002, pp. 250-300, at p. 253.
- ↑ Akira Suehiro: Capitalist Development in Postwar Thailand. Commercial Bankers, Industrial Elite, and Agribusiness Groups. In: Southeast Asian Capitalists. Cornell Southeast Asia Program, Ithaca NY 1992, pp. 35-63, at p. 44.
- ^ Tom Wingfield: Democratization and economic crisis in Thailand. Political business and the changing dynamic of the Thai state. In: Political Business in East Asia. Routledge, London / New York 2002, pp. 250-300, at p. 254.
- ↑ www.set.or.th : BANGKOK BANK PUBLIC COMPANY LIMITED Major Shareholders . Retrieved November 12, 2015.
- ↑ Tan Chwee Huat: Dictionary of Asia Pacific Business Terms , Ridge Books, Singapore 2004, p. 198, keyword Non-Voting Depository Receipt (Thailand) .
