Home » Bangkok Bank’s Landmark Deal Opens Path To Southeast Asian Expansion | currency exchange rate bangkok bank

Bangkok Bank’s Landmark Deal Opens Path To Southeast Asian Expansion | currency exchange rate bangkok bank

Bangkok Bank’s Landmark Deal Opens Path To Southeast Asian Expansion


นอกจากการดูบทความนี้แล้ว คุณยังสามารถดูข้อมูลที่เป็นประโยชน์อื่นๆ อีกมากมายที่เราให้ไว้ที่นี่: ดูความรู้เพิ่มเติมที่นี่

This story appears in the July 31, 2021 issue of Forbes Asia. Subscribe to Forbes AsiaBangkok Bank’s $2.7 billion acquisition of Bank Permata is not only the largest by value in the 76year history of the bank, it is also one that promises to be transformative. The deal will change Bangkok Bank from a major Thai bank with a good Asian network into one that has a strong foothold in two of Southeast Asian’s most important economies—laying the groundwork for years of sustainable growth. It is also a personal milestone for Bangkok Bank president Chartsiri Sophonpanich, 62, allowing him to fortify his family’s legacy and enhancing the bank’s regional aspirations pioneered by his grandfather Chin, the cofounder and first president of the bank in 1944.“Normally we grow organically,” says Chartsiri in a video call from his office at the bank’s Silom Road headquarters in a rare interview. “We don’t grow by acquisition.” Yet the opportunity in Indonesia—one of the world’s largest and fastestgrowing economies—was too good to pass up. The widely watched move in Asian bank consolidation comes as Thailand’s commercial banks look elsewhere for growth as headwinds at home weaken profitability. First announced in December 2019 in a conditional offer, Bangkok Bank in May last year completed the purchase of an 89% stake in Bank Permata from Standard Chartered and Jardine Matheson’s Indonesian subsidiary Astra International. It then upped that amount to 98.71% after a mandatory tender offer in October. The two banks’ Indonesian branches were officially integrated in December last year. Bank Permata, which operates under the name PermataBank, gives Bangkok Bank some 4 million new customers, 300 nationwide branches, and adds about $13.8 billion to the bank’s asset base, which stood at roughly $126 billion in total assets in the first quarter. More significantly, it boosts its position as the goto lender to support clients’ own ambitions in the region. “PermataBank was a strategic acquisition,” says Chartsiri.“The regional market is growing much more strongly than Thailand and with international [loans] accounting for more than 24% of our portfolio, we can expect this to support our ongoing growth.”It’s a bold move for the softspoken thirdgeneration head of Thailand’s largest bank by assets to reinvigorate growth. After early years of moving at breakneck pace under Chartsiri’s father and grandfather, the bank has struggled with momentum in its home market in the face of slowing economic growth, high household debt and low interest rates. The pandemic dealt a further blow to Thailand’s tourismreliant economy, with smaller businesses among the hardest hit—a third wave of infections has dampened hopes of a quick or steady recovery. “People are quite cautious and also very careful about their spending,” says Chartsiri, who ranks No. 32 on this year’s Thailand’s 50 Richest with a net worth of $1.15 billion.

All data is taken from the source: http://forbes.com
Article Link: https://www.forbes.com/sites/susancunningham/2021/07/07/bangkokbankslandmarkdealopenspathtosoutheastasianexpansion/

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Bangkok Bank’s Landmark Deal Opens Path To Southeast Asian Expansion

Korean 1000 won note value | Korean currency exchange | coins and currency


Korean 1000 won note value | Korean currency exchange | coins and currency

Money Exchange


First time we exchange our Australian Dollars in Kuta Bali

Money Exchange

HOW TO OPEN BANK ACCOUNT IN THAILAND ( FOR TOURIST ) BEST EXCHANGE MONEY IN THAILAND


It shows your generous a cup of Coffee : https://www.buymeacoffee.com/Maty
In this video I show you best place to exchange your money with maximum rate and then how to open bank account in Thailand and get credit card as well.
Also as tourist you can open the account with only one bank in Thailand which you can find it in this video.
For more information please contact the bank and check in websites down below.

Location of Superrich exchange ( Green and Orange next to each other ):
https://maps.app.goo.gl/qfQ6N619GubsvBbZ9
Website Green Superrich:
https://www.superrichthailand.com!/en
Website Orange Superrich:
https://www.superrich1965.com/home.php
App available on play store and Apple store.

Bangkok Bank Credit Card
https://www.bangkokbank.com/en/Personal/Cards/CreditCards
SCB Credit Card
https://www.scb.co.th/th/personalbanking/cards/creditcards/allcards.html
Kbank (KASIKORN BANK) Credit Card
https://www.kasikornbank.com/en/creditcard
Krungsri Credit Card
https://www.krungsricard.com/th/AboutUs/Contactus.html
Noted : All the websites have English language as well

In the end I will appreciate your support and Subscribing
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HOW TO OPEN BANK ACCOUNT IN THAILAND ( FOR TOURIST ) BEST EXCHANGE MONEY IN THAILAND

WHERE TO EXCHANGE MONEY IN BANGKOK THAILAND | BEST RATE \u0026 IN AN EASY WAY || LarWenz TV


This is based on our experiences wherein from time to time (canvassing /comparing rates).
BTS train Sukhumvit 77 On Nut Station going out Exit 1 (right stairs and approximately 100150 meters away is where K 79 Money Exchange located.
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WHERE TO EXCHANGE MONEY IN BANGKOK THAILAND | BEST RATE \u0026 IN AN EASY WAY || LarWenz TV

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