Annual Report 2018

Bangkok Bank Public Company Limited

 LONG LIVE
HIS MAJESTY
THE KING

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ÒĸčĪłĪ ÒĸĪ ŠŸíĭęî łĶŜÒĸƗ \ęĶęŰúô
Annual Report 2018 | Bangkok Bank Public Company Limited

+ CONTENTS

4 _ Who We Are 88 _ Board of Directors

8 _ Our 2019 Focus 100 _ Board of Directors and Top Executives
10 _ Financial Performance Indicators 105 _ Appropriation of Profit for the Year 2018
(Consolidated)
106 _ Report of the Nomination and
11 _ Sustainability Remuneration Committee

14 _ Message from the Chairman, 107 _ Report of the Board of Directors'

the Executive Chairman and Responsibilities for the Financial
the President Statements

18 _ Management Report 108 _ Report of the Audit Committee

20 _ Management Discussion and Analysis 110 _ Report of the Independent Certified
Public Accountants
_
54 Ten-Year Statistical Summary
(Consolidated) 114 _ Financial Statements
56 _ Awards 2018 122 _ Notes to the Financial Statements
58 _ Risk Factors and Risk Management 204 _ General Information
71 _ Corporate Governance 212 _ List of Branches
87 _ Organization Chart
 Bangkok Bank Public Company Limited | Annual Report 2018

+ Vision
To be a bank which provides quality financial services in line with
customers’ requirements, and is well equipped with qualified
human resources and world-class technology and working systems,
while maintaining its status as a well-established international bank
and a leading Asian bank.
 Annual Report 2018 | Bangkok Bank Public Company Limited

2018
ASSETS

3,116,750
Million Baht

LOANS

+ WHO WE ARE 2,083,160

Bangkok Bank gives people and businesses the Million Baht
confidence and support they need to make the right
decisions in a changing world. We have been doing DEPOSITS
this since our founding to satisfy the unmet needs of
Thai people and businesses. 2,326,470
Million Baht

USA UK VIETNAM HONG KONG

4
1 1 2 2

MYANMAR

CAYMAN
ISLANDS
1
1

LAOS

2 THAILAND MALAYSIA INDONESIA

NUMBER OF BRANCHES
1,161* 5 3
* Not including self-service outlets
 Bangkok Bank Public Company Limited | Annual Report 2018

INTERNATIONAL
NETWORK 32
Locations

GEOGRAPHIC
COVERAGE 15 SCOPE OF OPERATIONS
Economies
We provide a full range of financial services through six business units: Corporate,
Commercial, Business, Consumer, International, and Investment Banking. Our major
subsidiaries include Bualuang Securities, BBL Asset Management, Bangkok Bank
TOTAL CAPITAL
ADEQUACY RATIO 18.0 % Berhad, and Bangkok Bank (China).

Corporate Banking Consumer Banking

We are Thailand’s market leader in Through our nationwide branch network
CHINA corporate banking with industry and digital channels, we offer our
6 specialists serving large Thai corporations
and multinationals across a wide range
customers banking products and
services to suit their stage of life, including
5
of industries. financial advice and investment products.
JAPAN

2
Commercial Banking International Banking
TAIWAN

3 Our Commercial Banking unit focuses

on medium-sized businesses. We work
With the largest international branch
network of any Thai bank, we provide
closely with these customers, supporting local knowledge and expertise to
them through changing business trends customers with international business
PHILIPPINES and leadership transitions. interests.
1
CAMBODIA
Business Banking Investment Banking
1 We support our small-business customers In close cooperation with Corporate
to gain a competitive edge by sharing Banking, Bualuang Securities and BBL
SINGAPORE knowledge, adding value to their Asset Management, our Investment
operations, and introducing them to new Banking Group works with clients to
1 opportunities. ensure they have a complete range of
effective financing solutions.
 Annual Report 2018 | Bangkok Bank Public Company Limited

Using expert knowledge, commitment as a trusted partner and

reliable close friend and technology to better know and serve our
customers and all stakeholders.

6 True Friend
Work closely with communities and
wider society to promote sustainability of
Banking is rapidly society and the environment
evolving, driven by
technology innovation,
new entrants and a Digital Revolution
greater focus on Focus on innovation, prepare for digital
enhancing customer transformation and future challenges
experience. Customers
are enthusiastically
adopting online and Value Chain Empowerment
cashless transactions,
while branch services are Share financial knowledge and provide
concentrating on financial opportunities for access to financial services
advice and wealth to small and medium-sized enterprise operators,
management. farmers, and needy groups

Employee Centric
Attract, develop, and retain capable employees
able to cope with volatility and rapid changes

Ethical Banking
Adhere to business ethics in undertaking the
Bank’s business and encourage customers and
trade partners throughout the business value
chain to realize the importance of ethics and
sustainable development
 Bangkok Bank Public Company Limited | Annual Report 2018

SOME OF OUR INITIATIVES FOR CREATING VALUE

+ Providing valued services and experiences to support

urban and digital lifestyles

+ Partnering with businesses/

technology providers to
provide innovative customer
solutions

+ Adding value through

shared knowledge 7

+ Helping customers build + Making it easy for customers

sustainable success and to do their day-to-day
wealth banking

+ Using digital tools such

as Big Data and AI to
better understand and
serve customers
 Annual Report 2018 | Bangkok Bank Public Company Limited

+ OUR 2019 FOCUS

+ Regionalization
Connect the region by using our network and leveraging our
corporate and international expertise

+ Urbanization
Support business customers with opportunities in
infrastructure, the EEC and urban development, and
meet the wealth needs of individual customers

+ Digitalization
Enhance customer experience by strengthening our
digital banking capability
 Bangkok Bank Public Company Limited | Annual Report 2018

Business Banking Consumer Banking International Banking

+ Provide relevant advice and + Enhance customer experience + Support customers to tap
support to help customers’ across all channels into regional opportunities
sustainable growth
+ Target new-generation + Target regional supply chains
+ Focus on promising businesses customers of domestic and international
and opportunities investors
+ Strengthen wealth
+ Develop new cash management management services + Connect potential business
and trade finance banking partners across the region
platforms

Digital Banking People

+ Partner with FinTechs and + Prepare staff for digital
technology leaders to provide transformation and
innovative services new ways of working
9
+ Update and enhance customer + Engage and retain
channels with advanced new–generation staff
integrated technologies
+ Develop talent and
+ Improve operational efficiency reinforce ethical practices
through innovation and
automation
 Annual Report 2018 | Bangkok Bank Public Company Limited

FINANCIAL PERFORMANCE INDICATORS

(Consolidated)

Percentage Change
2018 2017 2016 2018/2017 2017/2016
FINANCIAL POSITION (MILLION BAHT)
AS AT 31 DECEMBER
Assets 3,116,750 3,076,310 2,944,230 + 1.3 + 4.5
Loans /1 2,083,160 2,003,989 1,941,093 + 4.0 + 3.2
Loans (less allowance for doubtful accounts) /1 1,930,157 1,863,968 1,821,575 + 3.6 + 2.3
Deposits 2,326,470 2,310,743 2,178,141 + 0.7 + 6.1
Liabilities 2,703,591 2,674,303 2,564,985 + 1.1 + 4.3
Shareholders’ equity /2 412,814 401,724 379,016 + 2.8 + 6.0
OPERATING RESULTS (MILLION BAHT)
FOR THE YEAR ENDED 31 DECEMBER
Interest income 110,781 105,476 102,443 + 5.0 + 3.0
10 Total income 170,653 160,253 152,747 + 6.5 + 4.9
Profit before provision and tax 66,236 63,520 55,352 + 4.3 + 14.8
Profit before tax 44,271 41,150 39,625 + 7.6 + 3.8
Net profit /2 35,330 33,009 31,815 + 7.0 + 3.8
PER SHARE (BAHT)
Profit before tax 23.19 21.56 20.76 + 7.6 + 3.8
Net profit /2 18.51 17.29 16.67 + 7.0 + 3.8
Par value 10.00 10.00 10.00 - -
Book value /2 216.26 210.45 198.56 + 2.8 + 6.0
Share prices - range 218.00 - 184.50 207.00 - 159.50 182.00 - 142.50
- year-end 203.00 202.00 159.50 + 0.5 + 26.6
FINANCIAL RATIO (%)
Loan to deposit ratio /1 89.54 86.72 89.12 + 2.82 - 2.40
NPL to total loans 3.42 3.88 3.22 - 0.46 + 0.66
Loan loss reserve to NPL 190.93 160.17 173.62 + 30.76 - 13.45
Return on average assets /2 1.13 1.09 1.09 + 0.04 -
Return on average equity /2 8.73 8.49 8.59 + 0.24 - 0.10
Net interest margin (NIM) 2.40 2.32 2.34 + 0.08 - 0.02
Cost to income 45.44 43.52 47.71 + 1.92 - 4.19
Tier 1 capital to risk-weighted assets 16.43 16.63 16.40 - 0.20 + 0.23
Total capital adequacy ratio 17.96 18.17 18.32 - 0.21 - 0.15
Remarks : /1 Less deferred revenue
/2 Attributable to owners of the Bank
 Bangkok Bank Public Company Limited | Annual Report 2018

+ SUSTAINABILITY

+ True Friend
11

+ Digital Revolution

+ Value Chain
Empowerment

+ Employee Centric

+ Ethical Banking
 IN REMEMBRANCE OF
MR. CHATRI SOPHONPANICH

The Board of Directors, Management, and Staff

Bangkok Bank Public Company Limited
 Annual Report 2018 | Bangkok Bank Public Company Limited

+ MESSAGE FROM THE CHAIRMAN,

THE EXECUTIVE CHAIRMAN AND
THE PRESIDENT

14

From left to right : Deja Tulananda, Piti Sithi-Amnuai, Chartsiri Sophonpanich

We are committed to creating

sustainable value and helping
our customers succeed.
 Bangkok Bank Public Company Limited | Annual Report 2018

We are using
Big Data analytics
to gain a better
understanding of
The year 2019 began with the auspicious news of the upcoming
Royal Coronation Ceremony of His Majesty King Maha customers’ needs so
Vajiralongkorn Bodindradebayavarangkun, which will take
place between May 4 – 6. This royal event will be conducted in we can create better
accordance with royal traditions marking the King’s ascension value for them.
to the throne, and will be an occasion of joy for the Kingdom of
Thailand and all its people.

The Passing of Mr. Chatri Sophonpanich 2018 Operating Environment

The loss of our Chairman Chatri Sophonpanich in June 2018 was Thailand’s GDP in 2018 increased by 4.1 percent, compared with
an event of great sadness for the Sophonpanich family, the Bank’s 4.0 percent in 2017. Although overall domestic demand remained
Board of Directors, executives and staff. His passing was also solid, the export and tourism sector weakened in the second half 15
keenly felt by the wider local business and foreign communities of the year against the backdrop of the global trade slowdown
touched by his wisdom and compassion. During his 12 years as and uncertainty over US trade policy.
President and 18 years as Chairman, Mr. Chatri oversaw changes
that strengthened Bangkok Bank and set the course for quality Benefiting from our position as a leading business bank with a
growth. He introduced improvements to the Bank’s systems, comprehensive international network and strong retail franchise,
including computerizing its operations, and enhanced the we reported a net profit of Baht 35.3 billion, representing earnings
management team as well as the Bank’s governance. Thanks to per share of Baht 18.51. Our lending rose by 4.0 percent, while
his vision, the Bank’s international network was expanded to help deposits grew by 0.7 percent.
our customers grow and that strengthened the foundations for
our position today as a leading regional bank. His unwavering We continued our prudent approach towards financial
commitment to be a trusted friend to customers, staff and management in 2018, maintaining liquidity and capital reserves
shareholders, along with his strong leadership through good at appropriate levels to cope with market uncertainties, support
times and bad, will be his enduring legacy for generations. future business expansion, and ensure our financial sustainability.
In September, we issued USD 1.2 billion in senior unsecured
notes, as a part of an overall financing strategy which allows us
to diversify our sources of funding towards longer-term stable
USD funding.
 Annual Report 2018 | Bangkok Bank Public Company Limited

Embracing New Technologies

The digital revolution sweeping Thailand and the world means
people are increasingly managing their lifestyles online, and
the financial services sector is responding accordingly.
At Bangkok Bank, in addition to digitizing our transaction
services, we are using different kinds of technologies to
In 2019, Thailand’s economic growth is expected to moderate to connect with our customers, while using Big Data analytics to
3.8 percent on the back of slower exports amid several external gain a better understanding of their needs so we can create
challenges. However, increased public investment and the better value for them.
general election are expected to stimulate business and
consumer confidence. We have established an Innovation Department to support our
goal to be an innovation leader and center of excellence through
Longer term, the foundations of our economy are shifting as research and development in financial technology, including
businesses respond to the megatrends of regionalization, building in-house digital capability. The team’s focus on areas
urbanization and digitalization which are having a transformative such as Big Data and Artificial Intelligence (AI) will improve our
effect on the lives and businesses of our customers and guiding back office systems and ultimately the quality of the experience
our strategic direction. we can offer our customers.

Customers from both Thailand and our international network We are working with global partners to develop services using
16 are establishing, or extending, their operations in the ASEAN Distributed Ledger Technology (DLT) and we are already piloting
Economic Community (AEC) by entering new markets, setting trade services using DLT with some of our major customers.
up manufacturing facilities, and building supply chains. With These technologies will complement our existing services and
16 of our 32 international locations in ASEAN, we are able to more efficiently connect our ASEAN customers to global trade
leverage our international network and expertise to help them flows, reinforcing our position as Thailand’s leading trade finance bank.
achieve their regional ambitions.
In addition, we are working with FinTech startups to develop
Similarly, we are helping our domestic and international innovative products and services for our customers and to deliver
customers access opportunities in infrastructure development internal process improvements. A highlight has been Bangkok
projects and high-potential industries in Thailand, particularly in Bank InnoHub Season 2, the second year of our accelerator
the Eastern Economic Corridor (EEC). This includes investing in program, which is focusing on five major themes: creating unique
industries benefiting from urbanization. With customers’ incomes customer experience, digitization and automation, future SME
growing and their needs changing due to increasing urbanization, solutions, innovative payment, and discovering cutting-edge
we are extending our financial management services for all technologies.
customer segments.
 Bangkok Bank Public Company Limited | Annual Report 2018

Sustainable Banking
We deliver greater certainty in an uncertain world by going At the same time, we remain focused on continually enhancing
beyond providing a safe haven for savings and investments to our corporate governance to ensure we conform with industry
generating deep insights into global, regional and local trends best practices in conducting financial business and to be in line
and identifying how they might affect people and businesses with international standards, and that all our stakeholders are
in Thailand. treated fairly.

In line with our motto “puan koo kit mit koo baan” (aspiring to be
a trusted partner and reliable close friend), we are committed to Conclusion
creating sustainable value and helping our customers succeed
by providing them with tailored products and services that meet We see our role as being much more than just a bank. We firmly
the highest standards of operational excellence, ethical banking believe we have a responsibility to help create a sustainable,
and social responsibility. more affluent Thailand by championing good business
practices, technology and new ways of thinking to support the
As the banking industry continues to rapidly evolve, we must also transformation of society – giving people and businesses the
continue to anticipate the financial and lifestyle needs of our confidence and support they need to make the right decisions
customers and be a friend on whom they can rely for relevant in a changing world.
advice. Accordingly, we are upskilling our workforce by 17
expanding our training programs, adopting new and agile ways Accordingly, the Bank and all our people are responding to
of working, and providing more learning options to our staff. present and future opportunities and challenges by working
collaboratively at all levels to create value, deliver sustainable
We are supporting our customers and other stakeholders to financial performance, and serve our customers with passion.
adjust to the changing business environment by providing
expert knowledge and support and broadening the reach of our On behalf of our fellow directors and executives, we would like
financial services to more people and businesses, including to thank our customers, shareholders, business partners,
micro enterprises. management and staff for their loyalty and support in 2018.

Piti Sithi-Amnuai Deja Tulananda Chartsiri Sophonpanich

Chairman Executive Chairman President
 Annual Report 2018 | Bangkok Bank Public Company Limited

+ MANAGEMENT REPORT

In 2018 Thailand’s economy faced multiple external challenges Leveraging our extensive network, we are offering our
including a slowdown in major economies, volatility in financial customers expert local knowledge as well as specialist advice
markets, rising interest rates, and trade tensions. Meanwhile the and business-matching opportunities based on our industry
long-term megatrends of regionalization, urbanization and expertise. Meanwhile we are equipping our international
digitalization continued to reshape the country and the region. operations with the know-how, support and resources
necessary to ensure that our customers can enjoy the full
Amid these challenges the government is endeavoring to lay the benefits of regional development.
foundations of future competitiveness with long-term economic
policies that include upgrading transport and energy We are helping our customers and their supply chains to realize
infrastructure, fostering regional integration and connectivity, opportunities in infrastructure development, particularly in the
cultivating high value-add industries, and supporting Thailand’s Eastern Economic Corridor (EEC), and in industries that have
18 transition to a digital economy. the most to gain from urbanization. We are also working with
our subsidiaries and business partners to offer a broader range
In parallel with these policies, the Bank of Thailand is working of investment and insurance products to cater to the growing
with the Thai Bankers’ Association to accelerate the digitalization sophistication of customers in areas such as savings, investment,
of the country’s financial system under the National e-Payment and protection solutions, as well as expanding our customer
Master Plan. This includes facilitating online payment systems, base and revenue.
reducing fees for online payments, and developing programs
such as National Digital ID and e-KYC (Know Your Customer). In line with our strategic priority to create value for our customers,
we continue to adopt innovative technologies to develop a new
During this period of major change, we are creating value for our service approach and enhance service quality for both business
customers and other stakeholders by supporting them to take and individual customers. We are using Customer Relationship
advantage of the opportunities presented by regionalization, Management (CRM) systems and contextual marketing to
urbanization and digitalization. aggregate customer information across channels so we can offer
customers products and services appropriate to his/her needs,
 Bangkok Bank Public Company Limited | Annual Report 2018

19

behavior, and recent interactions. Improving customer management, maintaining liquidity and capital reserves at
satisfaction at every touch point will also increase customer appropriate levels to support future business expansion and
engagement. Meanwhile we worked with corporate and ensure the Bank’s financial sustainability.
institutional clients to develop digital solutions to manage their
ecosystems. In 2018 Bangkok Bank reported a consolidated net profit
attributable to owners of the Bank of Baht 35.3 billion, an increase
We are continuing to strengthen our innovation capabilities in of 7.0 percent from 2017. Operating income amounted to Baht
many areas. We have established an Innovation Department, 121.4 billion, an increase of 7.9 percent, driven by an increase
focusing on research and development, to help us benefit from of 7.1 percent in net interest income with a net interest margin of
the latest technological advancements such as Big Data and 2.4 percent, and an increase of 9.1 percent in non-interest
Artificial Intelligence (AI). We are also working with FinTech income.
startups to develop new products and services suitable for the
Thailand and Southeast Asia markets. Loans grew by 4.0 percent, while deposits rose by 0.7 percent,
with a loan-to-deposit ratio of 89.5 percent. The ratio of
Given the uncertain economic environment as we move into 2019, non-performing loans (NPL) to total loans reduced to 3.4 percent,
we will continue to take a prudent approach towards financial while the ratio of loan loss reserves to NPL was 190.9 percent.
 Annual Report 2018 | Bangkok Bank Public Company Limited

+ MANAGEMENT DISCUSSION
AND ANALYSIS

20
 Bangkok Bank Public Company Limited | Annual Report 2018

OVERVIEW OF THE ECONOMY

AND BANKING INDUSTRY

Thai Economy in 2018

In 2018 the Thai economy grew by 4.1 percent, up from 4.0 On the domestic front, private consumption growth turned out to
percent in 2017. Nominal GDP for the year totaled Baht 16.3 be stronger than expected, boosted by car sales which had
trillion (USD 500 billion). While domestic demand continued to accelerated since late 2017— after car purchase demand was
be solid in 2018, the export and tourism sectors weakened in the brought forward in response to the 2012-2013 first-car subsidy.
second half of the year. Against the backdrop of the global trade However, household debt, which rose by 5.7 percent year-on-
slowdown and uncertainty over US trade policy, merchandise year to Baht 12.3 trillion as of the second quarter of 2018, together
exports in 2018 expanded by 7.7 percent year-on-year, down with declining prices for agricultural products such as rubber
from 9.8 percent year-on-year in 2017. Meanwhile, tourist arrivals and palm, weighed on household purchasing power. In
increased by 7.5 percent year-on-year, softening from 9.4 percent response, the government approved Baht 84.2 billion in
year-on-year in 2017. This was largely due to a fall in Chinese December to help support domestic spending. At the same time,
tourist arrivals during the second half of the year, notwithstanding private investment surged in sectors with high capacity utilization
a rebound in December. Consequently, the current account rates, such as the automotive and petrochemical sectors. On
surplus came in at USD 37.7 billion in 2018, narrowing from USD the other hand, the progress in public infrastructure project 21
50.2 billion in 2017. construction remained gradual.

Global financial markets experienced volatility amid the Headline inflation increased from 0.7 percent in 2017 to 1.1
uncertainties of the US-China trade policies, the eventual percent in 2018 largely due to a rise in energy prices, particularly
relationship between the UK and the EU, turbulence in emerging in the second and third quarters of the year. Core inflation stood
markets, and concerns over the US economic outlook. at 0.7 percent, edging up from 0.6 percent in 2017, given the
Nevertheless, Thailand continued to maintain its strong external steady improvement in overall domestic demand.
fundamentals over the course of 2018, with a current account
surplus of approximately 7.5 percent of GDP and international On December 19, 2018, the Bank of Thailand raised the policy
reserves standing at 1.3 times its total foreign-currency- rate for the first time in seven years from 1.50 percent to 1.75
denominated debt. The Thai baht stood at 32.55 THB/USD at the percent to mitigate financial stability risks and build policy space
end of 2018, easing by 0.75 percent from 32.31 THB/USD in the to counter a future downturn in the economy.
beginning of January.
 Annual Report 2018 | Bangkok Bank Public Company Limited

Economic Outlook for 2019

In 2019, Thailand’s economic growth is expected to moderate to
3.8 percent on the back of slower exports amid several external
challenges: uncertainties over the US trade policies and
retaliatory measures by major trading partners, the risk a of a slower-
than-expected Chinese economy, political risks in Europe, and
the impact of tightening global financial conditions. However, in
spite of the weaker external sector, lower average oil prices
should keep the current account surplus at around 7- 8 percent
of GDP.

Private consumption will likely moderate as car sales are

expected to normalize and elevated household debt will continue
to be a drag on household spending. However, public policy
continuity, including the implementation of infrastructure projects
such as the Eastern Economic Corridor (EEC), will support public
investment and underpin private sector sentiment. Moreover,
some production may be relocated to Thailand in response to
the US-China tariffs, particularly in sectors such as electronics
22 and automotive parts.

The prospect of lower oil prices is likely to push down headline At the end of 2018, loans in the commercial banking system
inflation in 2019 while core inflation is expected to be stable, were 6.0 percent higher than at the end of 2017, in line with
reflecting more modest growth in private consumption. an increase in consumer, SME and corporate loans, which
expanded by 9.4, 4.5 and 4.1 percent, respectively. SME
It is likely that the Bank of Thailand’s monetary policy stance will loans grew due to increases in lending to the energy, real estate
remain accommodative in the period ahead and future policy and construction sectors, while corporate loans grew due
rate increases will be gradual. mainly to increases in lending to hotels and the commercial
and real estate sectors. Consumer loans expanded from
home loans, auto-hire purchases and personal loans.
Thai Banking Industry in 2018
Deposits grew by 3.9 percent from the end of 2017. The
ratio of loans to deposits rose from 96.3 percent at the end
In 2018, commercial banks in Thailand maintained their good of 2017 to 98.3 percent. The Liquidity Coverage Ratio (LCR)
performance with adequate capital to support their business stood at 184.2 percent. For liquidity management, commercial
operations. The combined net profit of the Thai commercial banks are placing great emphasis on adjusting structure of
banking system was Baht 207.2 billion, a 10.8 percent increase deposit portfolio, and cost management as well as reserve
from last year, due to rising interest income as loan growth requirements to comply with Liquidity Coverage Ratio (LCR)
accelerated. However, loan impairment charges set aside for guidelines under Basel III.
credit losses in compliance with IFRS9, which will be effective in
2020, decreased. In terms of loan quality, the ratio of gross non-performing
loans (NPL) to total loans at the end of 2018 remained
unchanged at 2.9 percent. However, the level of capital
 Bangkok Bank Public Company Limited | Annual Report 2018

Thai Banking Industry in 2019

Global economic growth is likely to be slow and uncertain, while

monetary policies of major developed economies move towards a
tightening stance, resulting in less liquidity in global financial
markets. Meanwhile, Thailand’s economic growth is also projected
to slow down. However, public investment on infrastructure projects 23
and upcoming private investment in the Eastern Economic Corridor
reserves and loan loss reserves remained high and adequate (EEC) will be key supportive factors for the economy. The decision
to absorb future loan losses in the banking system. by the Bank of Thailand’s Monetary Policy Committee (MPC) to
At the end of 2018, the total Capital Adequacy Ratio (CAR) raise the policy rate by 25 basis points to 1.75 percent in December
and Common Equity Tier 1 ratio (CET1) stood at 18.3 percent 2018 and macroprudential measures to curb mortgage loans, along
and 15.8 percent, respectively. with expected additional measures to curb risky credit, will slow
the pace of bank lending compared to last year. Meanwhile, the
The evolving business environment in 2018 required commercial commercial banking system will have to manage its liquidity to be
banks in Thailand to rethink their business models to cope with in line with Bank of Thailand requirements to comply with the
challenges by focusing on expanding their customer base, Liquidity Coverage Ratio (LCR) and the Net Stable Funding Ratio
improving efficiencies, reducing the cost of services, and (NSFR) guidelines which require banks to hold sufficient liquid
generating new opportunities to increase revenues. assets to improve the resilience of banks against liquidity shocks.

In terms of customer base expansion, financial innovation has The ratio of non-performing loans (NPL) to total loans of the
created new forms of financial services which enable banks to commercial banking system is expected to be stable compared to
explore new business opportunities and better respond to the end of 2018. This will be due partly to the continuous expansion
customer needs. However, there is also more intense competition of the economy, better loan management in the commercial banking
after fees were waived for transactions via banks’ digital banking system, banks’ cautious lending policies, and the Bank of Thailand’s
channels. Banks therefore need to acquire more digital clients macroprudential measures to control risky loans. Moreover, banks’
so they can increase their revenues and reduce customer increasing reserves and the relatively high level of capital will
servicing costs. continue to provide a cushion for the system’s NPL.
 Annual Report 2018 | Bangkok Bank Public Company Limited

Factors Affecting Banking Industry 2. Digital Disruptions to Banking – Rapid growth in the use of
Performance smartphones and tablets enables consumers to increase their
everyday access to digital media, which is changing how
Over the next two to three years, government policies as well as consumers use financial services. The changing nature of
the rapidly changing environment may have various effects on financial transactions means it is more convenient and faster
the operation of Thai commercial banks as follows: for consumers to make payments, transfer and raise funds,
make loans, and perform asset-management planning. In
1. Eastern Economic Corridor – The EEC Project has been addition, banks are benefitting from advances in IT and
developed in three provinces of Thailand – namely customer analysis using Big Data Analytics and Artificial
Chachoengsao, Chonburi, and Rayong – and has designated Intelligence (AI) to establish marketing strategies suited to
targeted industries to create tangible investment. The the behavior of each customer group, as well as developing
government has approved the investment of key infrastructure products and end-to-end solutions. The advent of FinTech has
development projects including the expansion of the U-Tapao changed the competitive environment as FinTech firms are
International Airport and its development into an aviation no longer operated only by financial institutions but also
center and maintenance repair and overhaul (MRO) hub, include players in other industries.
high-speed railways to connect three international airports
(Suvarnabhumi – Don Muang – U-Tapao), Laem Chabang Port 3. National e-Payment Master Plan – This initiative aims to
Phase III, Map Ta Phut Industrial Port Phase III, Sattahip develop a full range of e-Payment options which will increase
Commercial Port, and the connection of railway networks with the efficiency of payment infrastructure development. This will
the three seaports, as well as the implementation of seamless support the objectives of moving towards a cashless society while
operation transportation systems that link the three major enabling financial transactions and economic activities to be
seaports by rail in order to solidify Thailand’s role as a major carried out more easily and quickly. E-Payments are expected
24 global economic hub. These industries will also place a special to reduce transaction costs, support the business sector’s
focus on human resource and the new technology development competitiveness, and enhance the quality of life as well as
which will lead to a more sustainable Thailand economy. The strengthening the stability of the financial system.
government has supported this by offering special investment
privileges in order to drive private investment in the area.
 Bangkok Bank Public Company Limited | Annual Report 2018

4. Financial Sector Master Plan Phase III – This is a five-year Emerging Risks
development plan from 2016 - 2020 with the aim of
enhancing the competitiveness of Thai financial We face many challenges in our business. Environmental
institutions to enable them to offer a wide range of changes, the laws and regulations of authorities, economic and
products and services at fair prices while supporting political uncertainty, and rapid technological advancements may
regional trade and investment with good governance in have consequences which are difficult to anticipate. It is therefore
order to maintain economic and financial stability. Over prudent for the Bank to identify emerging risks that might affect
the years, the Bank of Thailand (BOT) has launched the business in the long run so it can prepare for the changes
various initiatives such as the development of PromptPay and manage their impact efficiently. The main emerging risks
and the promotion of QR Code payment; the introduction comprise changes in global economic issues, labor market
of the Regulatory Sandbox; the granting of permission for dynamics, and cyber security.
commercial banks to appoint banking agents to increase
their service channels; the development of loan data for 1. Global Economic Issues
SME to enable commercial banks and financial The world economic outlook is clouded by three emerging risks:
institutions to make use of risk management plans and uncertainties regarding US-China trade policies, tightening global
increase opportunities for these businesses to access liquidity and elevated indebtedness in many countries, and the
funds; the enhancement of QR Code standards to service political situation in the Euro area.
payments in Cambodia and to connect payments
between Cambodia and Thailand; and the revision of Uncertainties regarding China-US trade policies: Despite the
policies and principles governing housing loans in improvement in sentiment after recent negotiations, risks of
Thailand as a proactive measure to promote financial escalating tension are likely to linger, as issues such as transfers
stability, etc. of technology from US firms and China’s industrial policies remain
unresolved. Uncertainties over the prospects of China-US trade 25
5. Sustainable Banking – Past economic development policies could trigger financial market volatility and soften global
caused many negative impacts, especially degradation trade and investment. Repercussions on Asian emerging markets
of environmental and natural resources and economic could be even more pronounced if further trade restrictions
between the US and China exacerbate the already-slowing
and social inequality, which tends to worsen with time. Chinese domestic demand.
Therefore, the issue of sustainable development has
attracted worldwide attention by putting more focus on Elevated indebtedness and tightening global liquidity: Given a
quality development, paying more attention to long-term decade of ample global liquidity after the Global Financial Crisis,
impacts and considering the benefits to society overall. both public and private debt has risen substantially across many
Hence, commercial banks, as key financial intermediaries, economies. Thus, higher interest rates and tighter global liquidity
play a key role in supporting sustainable development by conditions may leave these countries with more difficulties in
providing funds to businesses that have environmental deleveraging and refinancing, which could exert downward
and social accountability, together with good corporate pressure on economic activity. Furthermore, emerging markets
governance. Banks with practices that fall under the with large current account deficits, elevated external debt, and
“sustainable banking” framework will gain the confidence low foreign currency reserves are more vulnerable to sudden
of investors, clients and other bank stakeholders and have capital flow reversals, which could lead to contagion across other
a better image as well as having sustainable performance. emerging markets.

These factors above will underpin the transformation of Political situation in the Euro area: Uncertainties in the Euro area
Thailand’s economy through a combination of government political landscape pose additional headwinds to global growth.
policies and changes in private-sector business conduct, Notably, there is a risk that the transition of the UK out of the
as well as changes in consumer behavior. Therefore, Thai European Union (EU) could be accompanied by interruptions in
commercial banks must be ready for these and able to cope cross-border financial flows and weaker economic activities in
with changes in order to move forward in a sustainable way. the UK and, to some extent, in European countries. In addition,
there remain policy uncertainties in Germany and Italy as well as
political risks related to the European Parliament election and
general elections in other European countries.
 Annual Report 2018 | Bangkok Bank Public Company Limited

2. Labor Market Dynamics 3. Cyber Security

Ample and appropriate quantity and quality of human resources The proliferation of technology use has caused a tremendous
is one of the foundations of a successful business. However, increase in cyber risks, which come in various forms and with
recent changes in the labor market have meant many businesses, many complications. These have the potential to cause
including those in the banking sector, are facing human resource damage and affect the confidence of customers, service
management challenges as they strive to achieve sustainable providers and all stakeholders, while also imposing costs on
growth in an increasingly competitive environment. Lack of the Bank – both in financial and management terms.
understanding and a risk mitigation plan to manage human
resource issues might adversely affect our competitiveness and Accordingly, the Bank places great importance on cyber
long-term performance. security, while also recognizing that its processes for cyber
security, and for coping with rapid changes in the business
Factors that are driving labor market changes comprise: environment and technology, must be flexible enough to
becoming an aging society, different work attitudes between provide the necessary organizational resilience.
generations, and technological development and changes in
consumer behavior. As information increasingly becomes an extremely important
asset requiring greater safeguards, many countries have
Becoming an aging society: Thailand is becoming an aging added regulations and laws to protect customers’ personal
society and the Bank will experience labor shortages in the future. information. The Bank has likewise stepped up measures to
protect its customers’ personal information as well as the
26 Different work attitudes between generations: Currently, work Bank’s own information.
attitudes between generations are significantly different. For
example, senior personnel focus on working hard while a new
generation of personnel places greater emphasis on achieving Bangkok Bank Overview
work-life balance. At the same time, young personnel who have
almost completed their education or are preparing to look for
jobs are typically very confident, strive to have their own business Description
rather than being an employee, and resist rules and regulations.
Therefore, it is a challenge for the Bank to attract and retain Bangkok Bank was founded on December 1, 1944 and
long-term employees. became the first Thai bank listed on the Stock Exchange of
Thailand in 1975. As of December 31, 2018, we had Baht
Technology developments and changes in consumer behavior: 3,116.8 billion in total assets, Baht 2,083.2 billion in total loans,
Digital technology has not only brought fast and convenient Baht 2,326.5 billion in total deposits and Baht 413.2 billion in
financial services to customers, but also changed their behavior, total shareholders’ equity.
resulting in fewer transactions at branches. Working with new
technology requires new skillsets. We received many awards for our performance in 2018,
including Best Thailand Bank from Euromoney and Global
To respond to these three forces of change in the labor market Finance magazines, Bank of the Year from Money and
and the risks they entail, the Bank is adjusting its human resource Banking magazine, and Most Trusted Bank from BrandAge
management strategies in the short, medium and long term. These magazine.
plans cover both recruitment and personnel development to ensure
our business operations in the future can make smooth adjustments For more than seven decades, our business has been guided
and continue to maximize benefits for customers. At the same time, by the philosophy of aspiring to be a trusted partner and
they also reflect our responsibilities to all employees. reliable close friend. This emphasizes the value we place on
 Bangkok Bank Public Company Limited | Annual Report 2018

partnership, and developing long-term relationships with our generate fee and service income for the Bank. Our banking
customers that are sustained over the decades and across the facilities cater to both Thai and international customers.
generations, including our environmental, social, and governance
responsibilities.

Our large and loyal customer base has been one of the key Service Channels
drivers of our success, allowing us to expand our business
alongside our customers’ increasing financial needs. Our extensive distribution channel network includes branches
and business centers, ATMs and other self-service machines;
We have six business units: Corporate, Commercial, Business, digital banking services, such as mobile and internet banking
Consumer, International Banking and Investment Banking. (Bualuang mBanking and Bualuang iBanking); payments via QR
codes for individual customers; online services such as BIZ
Our key subsidiaries include our locally incorporated banks in iBanking, Corporate iCash and Bualuang iTrade for business
Malaysia and China – Bangkok Bank Berhad and Bangkok Bank customers; and our Bualuang Phone.
(China) – Bualuang Securities (BLS), BBL Asset Management
(BBLAM), and Bualuang Ventures (BV). BLS provides brokerage, Our domestic branch network consisted of 1,161 domestic
investment banking and fund management services; BBLAM branches across Thailand, as of December 31, 2018. To serve
provides mutual funds, private funds and provident fund products business customers, we have 117 business centers and 126
in Thailand; and BV is a venture capital company. business desks nationwide, staffed by relationship managers
and officers providing a full range of services. We also have
We provide a wide range of financial services for both business 68 trade-finance centers nationwide. 27
and individual customers in Thailand and abroad. Our business
lending products include long-term and short-term loans, trade Our international network is the largest of all Thai banks and
finance, working capital, letters of guarantee and aval/acceptance comprises 32 locations in 15 economies: Cambodia, Cayman
as well as other banking products and services, such as deposits, Islands, China, Hong Kong, Indonesia, Japan, Laos, Malaysia,
funds transfers, cash management, bancassurance, investment Myanmar, Philippines, Singapore, Taiwan, United Kingdom,
banking, foreign exchange and debt securities. These services United States and Vietnam.
 Annual Report 2018 | Bangkok Bank Public Company Limited

Business and Operations of Bangkok Bank

28 and its Subsidiaries we introduced new technologies to develop products and
improve services to meet business’s need for financial
transactions, account management and liquidity management.
Business Banking These include Electronic Bill Presentment and Payment (EBPP),
cross-bank bill payments, QR Code payments for business
As Thailand’s leader in business banking, we provide our clients customers, and online invoicing and collection management
with financial assistance and specialist knowledge, and work with services. These improvements in payments between the
them as partners to create value for their businesses. This customers and their dealers/suppliers ensures convenient and
includes assisting them to improve efficiencies in their business quick financial transactions in their supply chain.
and manage risks, connecting them with emerging opportunities,
and expanding the range and depth of our services. We are working with global partners in the R3 consortium to
develop Distributed Ledger Technology (DLT) solutions for our
+ Performance and Highlights customers through the Corda platform. We are the only Thai bank
participating in major DLT projects in global trade finance and
In 2018 our business banking performance continued to grow in 2018 we trialed open account and documentary trade solutions
due to expansion in loans and transactions supported by sectors with Thailand clients in key industries such as electronics,
such as logistics, energy and services. agribusiness, petrochemicals and automotive. Following the
success of these trials, we look forward to advancing these
We are also helping to finance a 2,500 megawatt gas-fired solutions in 2019. These solutions will complement our existing
energy production facility in Chonburi which will support the services and provide benefits to our customers such as
expansion of industrial production capacity in the EEC and transparency, efficiency and speed in operating their business
increased the stability of the grid system in Thailand. as well as being a key enabler in connecting our ASEAN
customers to global trade flows.
Cash Management and supply chain finance services via digital
channels grew in terms of customers and transaction volume as We are improving our business efficiency by shortening loan
 Bangkok Bank Public Company Limited | Annual Report 2018

application processing times, reducing the need for paper Together with the Thai Credit Guarantee Corporation (TCG), we
documents and moving more processes online. We also extended loans to micro enterprises, with TCG as the guarantor.
continued the digitization of Letters of Guarantee and further These provide smaller enterprises with access to sources of funds
developments are in the pipeline to extend our e-Guarantee to grow their businesses.
capabilities.
Hundreds of families have participated in our Bualuang SMART
We are investing in our systems, people and processes to ensure Family Enterprise program which is now in its 8th year. The
that we can support the development of digital banking services program aims to help family enterprises successfully transition
and we have been expanding the range of payment options to a new generation of leadership. In addition to activities and
available to our business customers such as payment acceptance training sessions in Thailand, we have been taking groups to
via QR codes. Small to medium-sized merchants can generate other countries to learn from experiences there. In 2018, we took
their own QR codes to receive payments using Bualuang a group to Taiwan to learn of key success factors in transitioning
mBanking. They can also download the BeMerchant application family businesses to the next generation.
which, in addition to being able to generate QR codes, provides
them with immediate notification of payments and a summary of The authorities require financial institutions to use the same
their sales, allowing them to use highly secure digital payment financial accounts and financial statements as those submitted
services with lower costs. by businesses to the Revenue Department as documentation for
credit assessment and loan approvals. The scheme came into
As a result of our commitment, we received many awards from effect in 2019 and we held seminars around the country to help
a variety of leading institutions such as Best Trade Finance Bank customers prepare for it.
in Thailand from Alpha Southeast Asia magazine (12th consecutive 29
year), Thailand Domestic Trade Finance Bank of the Year from
Asian Banking and Finance magazine (4th consecutive year),
Best Payment Bank in Thailand from the Asian Banker magazine
(3rd consecutive year) and Best Supply Chain Solution Service
Provider in Thailand from The Asset magazine (2nd consecutive
year).

In response to the volatility in global financial markets, demand

for protection against foreign exchange risk increased. In addition
to providing foreign exchange hedging services to our clients,
we also worked with the Bank of Thailand and government
agencies to help educate small and medium-sized businesses
under “FX (Foreign Exchange) Risk Management for SMEs Project
Phase 2”. The training also included information about loans for
import and export businesses and international trade risk
management.

We continued to work with government agencies such as the

National Science and Technology Development Agency (NSTDA)
and the National Science Technology and Innovation Policy Office
(STI), as well as Thammasat and Silpakorn universities, to share
expert knowledge and best business practices with our
customers. We held seminars on topics such as how to create
value-added products, how to lower production costs, and digital
marketing. The seminars also provided an opportunity for networking.
 Annual Report 2018 | Bangkok Bank Public Company Limited

International Banking

As a leading regional bank, we have a strong, long-standing remittance from overseas branches to our AEC branches within
presence in countries across East and Southeast Asia in addition one day via our AEC Inter-Remittance Sameday service, while
to other global financial centers supporting customers from increasing our competitiveness as a leading regional bank.
throughout the region to expand their businesses from country
to country. In addition, we supported Thai businesses to benefit from
investment opportunities in other countries by organizing
In addition to providing a full range of financial products and seminars on various topics, as follows:
services, we provide connections between businesses across
our network and advice based on our local knowledge such as BBL Trade Expert Leader program. We joined with the
insights into local regulations and business conditions. Department of International Trade Promotion (DITP), Ministry of
Commerce, to organize training to support Thai entrepreneurs
Collaboration between our international and domestic banking interested in exporting to the region. The program provides
divisions enables us to create value for our clients who can entrepreneurs with knowledge on local markets and business
leverage our local knowledge, industry specialists, networks and skills, including information about payment methods and foreign
connections to grow their business. exchange risk management for exporters.

+ Performance and Highlights AEC Business Forum 2018 "Rising City, Rising Business". We
organized this forum to present information about different
30
International banking enjoyed good growth in 2018, as we are countries in ASEAN in the age of the digital economy. The keynote
increasing our base of local customers and there is growing speaker was His Excellency Dato Paduka Lim Jock Hoi,
interest from overseas businesses in investing in Thailand and Secretary-General of ASEAN who spoke on the topic of "Digital
the region. Economy to Drive ASEAN Integration".

Backed by our expertise and experience in supporting alternative

energy in Thailand, we continuously supported energy
development in other countries, such as solar energy in China,
Japan, Vietnam, and Singapore, as well as geothermal
development in Indonesia.

We have developed products and services to provide greater

convenience to customers who wish to transfer funds to other
countries such as ASIA Sameday Transfer and ASIA Trade
Express. These services continue to grow. Our ASIA Sameday
Transfer service allows customers to transfer funds in Thai baht
or US dollars from Bangkok Bank branches in Thailand to their
counterparties in Asia with same-day value. Our ASIA Trade
Express service enables importers and exporters with trade
partners in Asia to benefit from fast and reliable same-day
transaction services through our international network. In 2018,
we enhanced our efficiency by providing Thai baht and US Dollar
 Bangkok Bank Public Company Limited | Annual Report 2018

31

The third AEC Business Leader program under the theme “Go In collaboration with Bloomberg News we co-hosted the
ASEAN Together”. This program targeted business leaders and Bloomberg ASEAN Business Summit, which brought together
business successors. Apart from sharing experiences of Thai and leaders from the business and financial sectors and executives
regional entrepreneurs who are successful in the ASEAN market, from government sectors throughout the region to discuss
participants also joined business trips to Myanmar and Vietnam. economic issues and future challenges and opportunities in
ASEAN.
“AEC Investment Clinic” seminars on the theme “ASEAN Business
and Investment Trends 2019”. The seminars were organized
between November and December 2018 focusing on business
trends, foreign exchange markets, and laws and regulations for
those interested in investing in five ASEAN countries, namely
Indonesia, Singapore, Myanmar, Laos PDR, and Vietnam.

The 9th International Knowledge Talk on the topic “Belt and Road
Initiative amidst a Global Trade War: Progress and Challenges”.
This forum was organized to share information about developments
and opportunities in China.
 Annual Report 2018 | Bangkok Bank Public Company Limited

We introduced a QR payment service called BeSure QR. This is

the use of QR codes to pay for products and services so customers
do not have to carry cash and merchants can instantly receive
money into their account. We also offered a QR code service for
e-donation which facilitates the provision of donation information
to the Revenue Department for the tax purposes of the donor.

We have been developing digital solutions with corporate and

institutional clients to support their ecosystems. Initially we
partnered with top universities in Thailand to launch a Smart
University Solution for university students which can be used for
activities such as digital communications, registering for class
attendance, accessing the library, and making payments via
Bualuang mBanking. Similar management platforms will also be
32 extended to provide solutions for other ecosystems such as social
commerce and logistic providers.
Consumer Banking
We introduced new Cash Deposit Machines (CDM) which provide
We offer our customers a wide range of consumer banking services
a broader range of services, namely bill payments and top ups,
to suit their stage of life through our extensive nationwide branch
the acceptance of coins, and cash change. This will help the
network, ATMs and other self-service machines, as well as digital
transition from over-the-counter transactions to self-service
banking services such as internet banking (Bualuang iBanking),
channels.
mobile banking (Bualuang mBanking) and payments via QR code.
New customer service technologies are being adopted to support
+ Performance and Highlights all service channels, and are being integrated with Customer
Relationship Management (CRM) and contextual marketing.
We experienced strong growth in mobile banking customers and
transactions after digital banking transaction fees were waived in April.
Our revamped public website, bangkokbank.com, using
Financial transactions via the mobile channel doubled in 2018 and
advanced cloud technology and Big Data capabilities, will enable
mobile banking increased its dominance as the most popular channel
us to provide the most relevant content and functionality to
for fund transfers and bill payments. Our total customer base and the
customers and potential customers. The new website will be an
number of savings accounts also grew during the year.
integral part of our enhanced digital banking platform.
Mortgage loans rose further as we strengthened our prime developer
penetration across all affluent segments.  We also leveraged the
collaboration between our specialist mortgage teams and the branch
network to assist home buyers in their financial planning in line with
our motto “puan koo kit mit koo baan” (aspiring to be a trusted partner
and reliable close friend).
 Bangkok Bank Public Company Limited | Annual Report 2018

We increased our focus on wealth management services to suit We organized many events for our Bualuang Exclusive customers
our customers’ needs throughout their life cycle. We are also including an investment seminar on investing in securities by
working with our subsidiaries and business partners to offer a Bualuang Securities, “Thailand’s Economic Outlook and
much broader range of investment and insurance products to Investment Views in 2018”, lifestyle activities, and the “Memories
cater to customers’ needs for savings, investment and protection are Forever” exclusive concert. We expanded the number of
solutions. employees who provide investment advisory services to suit each
customer’s needs.
In addition to Bangkok Life Assurance, we partnered with AIA to
develop and provide a wide range of financial products to cover We launched the Be1st Smart TPN Mastercard debit card, adding
customers’ requirements. Customers can buy bancassurance to our range of cards targeting different customer segments. This
products plus additional coverage tailored to their individual contactless card targets young people, online shoppers, global
needs from all of Bangkok Bank’s full branches nationwide. travelers and the expat market. We also provided users of our
flagship AirAsia Mastercard with more privileges, including
upgrading all customers to Platinum status during 2018.
33
Numbers continued to rise for our hospital co-branded card
Bangkok Bank-Siriraj debit card. This provides customers with
the opportunity to gain benefits such as discounts on health
checks and accident insurance, along with the opportunity to do
good deeds, as a percentage of the fees and spending of this
card is donated to Siriraj Hospital.

We launched the “Basic Banking Account” for customers with a

welfare card and people over 65. This banking account requires
no minimum opening balance, no account maintenance fee, and
customers can hold debit / ATM cards free of charge. This
product aims to encourage people to easily access financial
services with low costs.
 Annual Report 2018 | Bangkok Bank Public Company Limited

Investment Banking
Bangkok Bank continues to play a major underwriting role in the Our commitment to add value to our customers, combined with our
overall debt capital market as a result of our leadership in fund-raising capabilities, enabled our clients to grow their businesses
corporate banking, wide range of product offerings, long- and create synergies in industries such as consumer products, food
established client relationships, and our understanding of both and beverages, service business, properties, energy, and the power
issuers’ requirements and investors’ risk appetites. sector.

With our deep industry knowledge and long-term relationships In 2018 we played a key role in raising funds via the issuance of debt
with leading corporates, we have earned the trust of our securities in the debt capital market for our corporate clients to finance
customers. We are committed to offering our clients innovative their business expansions, while at the same time strengthening their
products and appropriate solutions in line with good corporate liquidity positions. We continued to rank in the top three of the most
governance and corporate and social responsibility practices. active bond underwriters in Thailand, as has been the case over
several years. We have also been active in the area of REIT and
+ Performance and Highlights Infrastructure Funds, raising more than one hundred billion baht from
these instruments.
After encountering volatilities in global economy and the threat
of rising interest rates during 2018, many Thai corporates We have been appointed as the joint lead arranger for the largest-ever
accessed the debt capital markets to secure their financing and the longest-ever tenor debenture issuance for the leading power
requirements and maintain their liquidity amid market uncertainties. producer from Laos. We helped raise Baht 13 billion as part of
34 investment in hydropower in Laos. We also continued to assist the
We continue to stay engaged with our clients and strive to offer Laos Ministry of Finance with its financing by playing a major role in
innovative financial instruments, such as Basel III Additional Tier the issuance of Thai baht bonds totaling Baht 7 billion in 2018.
2 Capital Bonds of Thai commercial banks, Perpetual Bonds, and
other alternative capital market opportunities such as Real Estate Our treasury services continued to lead the market in foreign
Investment Trusts (REIT) and Infrastructure Funds (IFF) to fulfill exchange, interest rate swaps and cross currency swaps, as we
our clients’ financing requirements. helped our clients manage their foreign exchange and interest rate
risk exposures for various sectors under different market conditions.

Meanwhile, our securities revenue continued to experience strong

growth as did assets under custody due to our ability to retain our
customer base. Over the year, our securities business continued to
improve its systems and processes while better servicing our clients.

Our efforts in the investment banking services were recognized by

various awards, including Best Outright Primary Dealer from the Bank
of Thailand, Best Primary Market Contributor from the Ministry of
Finance, Best Bond Dealer from Thai BMA, IFR Asia Best Bond House,
and we were rated as one of the top bond houses in primary and
secondary markets surveyed by The Asset Benchmark. We also won
Best Sub-Custodian Bank in Thailand from Global Finance magazine
(11th consecutive year) and Sub-Custodian Bank of the Year in
Thailand from the Asian Banker magazine (4th consecutive year).
 Bangkok Bank Public Company Limited | Annual Report 2018

Digital Banking
The digital revolution is changing the way we live and do + Partnership and Collaboration 35
business. New approaches are needed as new business models
emerge and we move beyond simply digitizing basic transaction We selected outstanding global FinTechs to participate in our
services, to using data to understand customer behavior. This accelerator program Bangkok Bank InnoHub Season 2, focusing
will include developing highly personalized value-added solutions on five areas – creating unique customer experience, digitization
such as tools to manage personal finance and proactive targeted and automation, future SME solutions, innovative payment, and
offers. To ensure we can appropriately meet the needs of our discovering cutting edge technologies. Through this program,
customers, we are working closely with external partners, as well we aim to introduce expertise and talent from around the world
as developing our own research and development capabilities. to Thailand and regional markets and to develop interesting and
innovative products and services that will benefit our customers.
+ Research and Development We are also partnering with Massachusetts Institute of Technology
(MIT), Thai educational institutes, and government agencies in
We have established an Innovation Department in line with our various programs to advance the knowledge of our staff and
intention to be a center of excellence through research and customers.
development in financial technology. The department will initiate
trials and development of innovative products and business As a founding member and investor in the R3 consortium, we are
activities within the Bank, and enhance the capability of existing developing Distributed Ledger Technology (Blockchain) solutions
products and services to accommodate rapid changes in for our customers, beginning with trade finance clients in key
customer behavior. We are also building our own in-house industries such as electronics, agribusiness, petrochemicals and
capability in areas such as AI and Big Data and the in-depth automotive.
insights we gain through these technologies will help us improve
the customer experience.
 Annual Report 2018 | Bangkok Bank Public Company Limited

+Data Governance and Privacy People and Welfare

As customers increasingly seek to combine financial The banking industry is rapidly evolving, driven by technology
services with their digital lifestyles, we are supporting this innovation, competition from new players and changing consumer
trend with initiatives such as developing new transaction and new-generation lifestyles affected by digitalization. The move
platforms and integrating our services with social and to online transactions, particularly through mobile platforms, affects
e-commerce channels that our customers use. To safeguard not only our people but has also caused the Bank to change the
the integrity of customer information we are also investing in way we work by placing more emphasis on cultivating a culture
new technologies in the areas of digital identity, analytics that promotes innovation, developing employees’ skills, teamwork,
and cyber security. creating better customer experiences, and providing appropriate
employee welfare.
We are participating in the National Digital ID project to
provide digital identity verification, which enables an e-KYC Sustainable growth will be driven by the quality and capabilities of
(Know Your Customer) process for customer onboarding for our people, and the value they are able to deliver to our customers.
banking services and other service industries in the near We are therefore focusing on the following areas:
future. We have been testing facial recognition technology
and the cross verification process between other participating +Digital Transformation
banks in the Bank of Thailand’s regulatory sandbox. This
service is expected to be launched to the market in the first We are developing a new way of working focused on customer
36 half of 2019. experience, agile systems and cross-disciplinary collaboration,
while expanding our training programs and providing more learning
To protect the privacy and the assets of our customers, we options. Using an agile approach, we are developing our people
have established an Information Security and Cyber Security to be adept in learning and sharing, innovation, design thinking
Strategy. We use multifactor authentication technology, and more digital ways of connecting with customers and partners.
threat intelligence and data and customer behavior analysis
to strengthen security and improve the user experience for +Engagement and Retention of New-generation Talent
our customers. We will continue to invest in these leading
edge technologies to allow us to improve the user experience Attracting and retaining the best young talent are key imperatives
of our services via digital channels, and move to a frictionless for the Bank. We are expanding opportunities for our people to work
environment, while maintaining and improving the level of across multiple areas, or rotate through varied jobs that will stretch
security to protect customers. and expand their capabilities. This includes engaging in
experimental work teams to build the spirit of innovation and
+Infrastructure entrepreneurship.

To ensure we have an effective digital banking platform +Sustainable Development of Our People
for the future, we are enhancing and redeveloping our
infrastructure and systems across the Bank. This Our strong organizational focus on sustainability extends to our approach
includes payment infrastructure, process automation to talent development, good corporate governance and ethical conduct.
for Straight Through Processing (STP) of transactions We are developing our staff at the branches towards more service-
and applications, and establishing new platforms for oriented and advisory roles, while enhancing their long-term ability to
our digital delivery channels such as our mobile and provide total solutions which provides a compelling experience and the
transaction banking services. excellence required by our customers.
 Bangkok Bank Public Company Limited | Annual Report 2018

Bualuang Securities Public Company Limited (BLS), a subsidiary

of Bangkok Bank, is one of Thailand’s leading securities
companies. Founded in 2001, BLS provides securities brokerage,
investment banking, and equity research services. Its investment
management unit is managed by Bangkok Capital Asset
Management, BLS’s wholly-owned subsidiary.

Apart from its comprehensive nationwide network of 30 offices

in Bangkok and major cities, BLS draws upon the Bank’s
nationwide branch network to promote its products and services
and expand its client base through account referrals from the
Bank.

+Building Capabilities and Careers +Thai Securities Business

The growth and continuing strengths of the Bank are In the first half of 2018 the Thai stock market performed well both
anchored by our dedicated focus on developing a solid in terms of value and trading volume compared with the same
pipeline of talent, building future-focused skills, while period last year, driven by rising oil prices and the improving Thai 37
providing meaningful and rewarding careers for our people economy. However, both volume and value declined during the
at all levels and in all areas of the Bank. We are paying second half of the year as investors responded to rising
particular attention to performance, competencies, key international trade tensions and the US Federal Reserve’s
attributes, successful track records and potential as the decision to tighten monetary policy. Due to solid economic
basis for appointing and promoting the next generation of fundamentals, Thailand’s decline was less than that of most other
leaders in the Bank, to ensure that we continue to build a Asian bourses.
culture of customer-centricity, collaboration, integrity,
accountability and innovation. Thailand brokerage firms had an improved performance in 2018
due to the high trading volumes in the first half of the year. The
+Well-being of Our People average daily equity trading value on the Stock Exchange of
Thailand (SET) and the Market for Alternative Investment (mai)
We are steadfast in our commitment to caring for our people was Baht 57.6 billion, up 15 percent from 2017.
through our various and extensive staff welfare programs.
Our well-established health system includes a clinic with During the year there were 22 Initial Public Offerings (IPO) for a
professional and specialist doctors at our Head Office which combined market capitalization of Baht 183 billion, well down
provides excellent care to employees at no cost to them. from last year’s tally of 42 IPOs worth more than Baht 426 billion.
Medicines and visits to hospitals outside this clinic are The decline was mainly due to depressed market sentiment.
heavily subsidized. We provide regular seminars to increase Several firms decided to delay their IPO launches until 2019 amid
employees’ awareness about caring for their health, personal external and domestic uncertainties.
finance, lifestyle and well-being. We stay abreast of changing
societal trends and are able to respond to the needs of a About 54 percent of securities companies’ revenue continued to
more diverse workforce by engaging regularly with our be from brokerage businesses with 16 percent, 10 percent, and
employees. 9 percent from trading, fees and interest, respectively.
 Annual Report 2018 | Bangkok Bank Public Company Limited

+Performance and Highlights

BLS grew its customer base by 17 percent during the year, In December, BLS successfully launched the first depository
compared to the SET’s increase of 14 percent, with more than receipt (DR) listed on the SET, enabling customers to invest in
360,000 accounts, approximately 15 percent of the industry. large-cap stocks listed in the Ho Chi Minh Stock Exchange
through an ETF.
BLS continued to deliver innovative investment experiences
through its premium investment services. These include Stock BLS took a lead role in the successful execution of IPOs for
Signal which helps aggregate buy/sell recommendations, Dollar Osotspa and TQM Corporation, raising a total of more than Baht
Cost-Averaging (DCA) and Value-Averaging (VA) program- 16.8 billion.
trading strategies for building investment portfolios that allow
clients to diversify across a variety of stocks and periods by daily BLS continued its commitment to educating investors, holding
investing in exchange-traded funds (ETF) from Bangkok Capital more than 60 events during the year. The BLS knowledge-sharing
Asset Management. website with almost 2,000 investment-related articles attracted
close to six million page-views.
BLS maintained its position as the market leader in both the
number of issuances and trading volume of Derivative Warrants Business leaders and successors participated in the BLS Stock
(DW). In 2018 BLS issued 663 DWs, representing about 41 Master Exclusive program in September-October 2018, with
percent of DW trading volume on the SET, with warrants based presentations by BLS executives and guest speakers on topics
38 on 93 underlying stocks in the SET100 Index. such as the IPO process, financial statement analysis and
valuation, a forum on business disruption, and a three-day trip
BLS launched a chatbot for individuals – called “Nong Bua” – to South Korea to visit BLS partner Daishin Securities and
which is the first service of its kind for DW customers allowing innovation hubs.
them to obtain on-demand DW information instantly via Facebook
Messenger.
 Bangkok Bank Public Company Limited | Annual Report 2018

BLS continued to work closely with Thammasat University and +Performance and Highlights
Rangsit University for “The Stock Master University” program in
which students are encouraged to learn investment principles To year-end 2018, BBLAM’s total assets under management
and use online tools for investing. We also undertook a number (AUM) amounted to Baht 838.3 billion, AUM of its mutual
of community programs, including Moral School Project with funds were Baht 718.0 billion, representing a market share
primary schools in Bangkok and the Father Ray Foundation for of 14.7 percent and safeguarding BBLAM’s top three ranking
underprivileged children in Pattaya. in the mutual fund industry. AUM of its provident funds were
Baht 100.8 billion, with a market share of 8.9 percent,
BLS received six awards in 2018: Best Securities Company of ranking fifth in the industry. AUM of its private funds were
the Year 2018 from Money and Banking magazine; Best Deal of Baht 19.5 billion, holding a 2.0 percent market share.
the Year, Outstanding Securities Company – Retail Investors
Stock, and Outstanding Derivatives House from the Stock In addition, in 2018, BBLAM was appointed as a REIT trustee
Exchange of Thailand; Best Securities House in Thailand from for the TICON Freehold and Leasehold Real Estate
Asiamoney magazine; and Best ECM House from Finance Asia Investment Trust (TREIT). At the end of the year, the net asset
magazine. value (NAV) was Baht 27.2 billion.

In 2018 BBLAM launched six new funds to the market. The

firm’s existing and newly launched funds attracted 39
impressive fresh subscriptions and fund flows in spite of
negative sentiment created by international trade tensions
BBL Asset Management Company Limited (BBLAM) has
and higher interest rates.
remained true to its philosophy of being a trusted financial
institution, guided by its core values of “Prudence, Integrity and
Among the offerings were new funds targeted at two
Excellence”. Since its founding in 1992, it has placed the
important demographic groups – retirees and Gen-Y. As
interests of clients as its top priority.
nearly 15 percent of Thailand’s population is close to
retirement age, BBLAM responded with a launch of
The company’s mission is to strengthen the financial well-being
B-SENIOR fund, a product tailored to the specific needs of
of Thai families. BBLAM distributes its house-branded mutual
Thailand’s ageing society with its portfolio allocation, medium
fund products through the nationwide branch network of Bangkok
level of risk and scheduled redemption options. Other
Bank, its parent company, and online banking services along
retirement funds launched in 2018 include B-SENIOR-X,
with selling agents such as Bangkok Life Assurance and
B-TOPTENRMF, B-ASIARMF and B-INNOTECHRMF.
Bualuang Securities. BBLAM also manages provident funds,
private funds, infrastructure funds, and real estate investment
BBLAM’s product tailored to the younger Gen-Y segment is
trusts (REIT).
B-FUTURE fund which invests in businesses aiming to
benefit from future consumption trends, including the
BBLAM pursues an active investment philosophy focusing on
technology/innovation sectors.
long-term investment, supported by its in-house research and
investment capabilities, and the Bualuang Fund brand has built
a strong reputation and proven track record.
 Annual Report 2018 | Bangkok Bank Public Company Limited

As opportunities have increased over the past three or four years, BBLAM also worked with Bangkok Bank to organize more than
BBLAM has launched many Foreign Feeder Funds and foreign 220 activities to develop the investment advisory qualifications
40 funds that cover various regions in the world. BBLAM’s total AUM and knowledge of Bank staff in branches nationwide.
for foreign funds (including term funds) as of December 31, 2018
was Baht 110 billion – a huge leap from Baht 12 billion at the end BBLAM maintained its focus on digital innovation in 2018 as it
of 2014. explored the use of Artificial Intelligence (AI) to support
investment planning and fund management. It also plans to
BBLAM also manages Bualuang Office Leasehold Real Estate enhance its BF Mobile Application, by enabling users to open
Investment Trust or B-WORK which is a type of REIT in which accounts and make transactions via the app.
both freehold and leasehold investments can be made. B-WORK
has been listed on the Stock Exchange of Thailand (SET) since 2019 will be another year of uncertainty and challenges, but
February 28, 2018. BBLAM is ready to share its investment experience with
customers to enable them to cope with these challenges and
The Bualuang Fund Investment Forum, which was held for the offer new investment products to suit the investment situation.
second year, was well-received by the investment community. BBLAM believes that the best way to handle increased volatility
The Forum’s theme was focused on adapting to disruption and in capital markets is to remain invested through the market cycles
identifying future trends. and take a long-term view on investment portfolios. As part of its
digital transformation, the BF Mobile Application will be further
Other activities in 2018 included educational workshops and developed to enable clients to open accounts and perform
seminars on financial planning, conducted in association with transactions, enhancing the user experience for both provincial
the SET, and knowledge-sharing through BBLAM channels such and metropolitan clients. At the same time, BBLAM will continue
as the BF Knowledge Center, which provides financial knowledge, to develop a solid platform and prioritize the interests of
BF Portfolio Solution and BF Economic Research, which provide customers in line with its vision that has been upheld for more
useful economic information to investors. than 26 years.
 Bangkok Bank Public Company Limited | Annual Report 2018

OVERALL PICTURE OF THE BANK

AND ITS SUBSIDIARIES

Million Baht
2018 2017 Change (%)
Net profit * 35,330 33,009 7.0%
Earnings per share (Baht) 18.51 17.29 7.0%
Net interest margin 2.40% 2.32% 0.08%
Net fees and service income to operating income ratio 22.7% 24.5% (1.8)%
Expense to operating income ratio 45.4% 43.5% 1.9%
Return on average assets * 1.13% 1.09% 0.04%
Return on average equity * 8.73% 8.49% 0.24%
* Attributable to owners of the Bank

Million Baht
December 2018 December 2017 Change (%)
Loans ** 2,083,160 2,003,989 4.0%
Deposits 2,326,470 2,310,743 0.7%
41
Loan to deposit ratio 89.5% 86.7% 2.8%
Non-performing loan (NPL) 80,137 87,419 (8.3)%
Ratio of NPL to total loans 3.4% 3.9% (0.5)%
Ratio of loan loss reserves to NPL 190.9% 160.2% 30.7%
Total capital adequacy ratio 17.96% 18.17% (0.21)%
** Less deferred revenue

In 2018, Bangkok Bank and its subsidiaries reported a net profit At the end of December 2018, the Bank’s loans amounted to
attributable to owners of the Bank of Baht 35,330 million, an Baht 2,083,160 million, an increase of 4.0 percent from the end
increase of 7.0 percent from 2017. Operating income amounted of 2017, driven by loans to large corporates, consumers, and
to Baht 121,401 million, an increase of 7.9 percent, driven by loans made through the Bank’s international network. The ratio of
an increase of 7.1 percent in net interest income with a net non-performing loan (NPL) to total loans was lower to 3.4 percent,
interest margin of 2.40 percent, and an increase of 9.1 percent while the ratio of loan loss reserves to NPL was 190.9 percent.
in non-interest income contributed by increases in gains on
tradings and foreign exchange transactions and gains on With the inclusion of net profit for the second half of 2018 (July to
investments. Despite the exemption of transaction fees via December), the total capital adequacy ratio, the Common Equity
digital channels, net fees and service income were close to Tier 1 capital adequacy ratio and the Tier 1 capital adequacy
the level of the previous year due to good growth in fee income ratio of the Bank and its subsidiaries would be 18.71 percent,
from bancassurance and mutual funds. The ratio of expenses to 17.19 percent and 17.19 percent, respectively. These capital
operating income was 45.4 percent. adequacy ratios are above the Bank of Thailand’s minimum
capital requirements. Shareholders’ equity attributable to owners
of the Bank, as of December 31, 2018, amounted to Baht 412,814
million. The book value per share was Baht 216.26.
 Annual Report 2018 | Bangkok Bank Public Company Limited

OPERATING INCOME AND EXPENSES

OF THE BANK AND ITS SUBSIDIARIES
Million Baht
2018 2017 Change (%)
Net interest income 71,376 66,625 7.1%
Non-interest income 50,025 45,843 9.1%
Operating expenses 55,165 48,948 12.7%
Impairment loss of loans and debt securities 21,965 22,370 (1.8)%
Operating profit before tax 44,271 41,150 7.6%
Income tax expenses 8,554 7,832 9.2%
Net profit 35,717 33,318 7.2%
Net profit * 35,330 33,009 7.0%
Total comprehensive income * 23,157 34,763 (33.4)%
* Attributable to the Bank

In 2018, net profit attributable to owners of the Bank was foreign exchange transactions and gains on investments.
Baht 35,330 million, an increase of Baht 2,321 million or Operating expenses rose by Baht 6,217 million or 12.7 percent
7.0 percent from 2017 due to an increase of Baht 4,751 due to expenses incurred to accommodate an environment
42 million or 7.1 percent in net interest income, mainly due of disruptive technologies, and continuously develop working
to higher interest income from loans contributed by the year- systems and improve operational business efficiency, combined
on-year increase of 4.0 percent in loan volume. This was with an increase in personnel expenses. This was to prepare
coupled with lower interest expenses on debt issued and for an increase in provision due to compensation in lieu of notice
borrowings from the redemption of debentures in the first in the case of retirement and dismissal of employees according
quarter of 2018. Non-interest income rose by Baht 4,182 million to a Draft Amendment of the Labor Protection Act. The impairment
or 9.1 percent, mainly driven by higher gains on tradings and loss on loans and debt securities fell by Baht 405 million.
 Bangkok Bank Public Company Limited | Annual Report 2018

+ Net Interest Income

In 2018, the net interest margin rose by 0.08 percent from last 4,255 million, in line with the expansion of loan volume from loans
year to 2.40 percent due to an increase in yield on loans, to large corporates, consumers and loans made through the
combine with a decrease in cost of deposits following an Bank’s international network, and an increase in yield on loans.
expansion of low-cost deposits in savings and current Interest expenses rose by Baht 554 million or 1.4 percent,
accounts. Net interest income amounted to Baht 71,376 due to an increase of Baht 1,103 million in interest expenses
million, an increase of Baht 4,751 million or 7.1 percent from 2017, from interbank and money market items due to the increases in
due predominantly to an increase of Baht 5,305 million or 5.0 costs and transaction volume. Interest expenses on debt
percent in interest income. The increase in interest income was issued and borrowings fell by Baht 962 million largely due to
largely due to interest income from loans which rose by Baht the maturity of debentures.

Million Baht
Net Interest Income 2018 2017 Change (%)
Interest income
Loans 93,131 88,876 4.8%
Interbank and money market items 8,451 8,358 1.1%
Investments 9,199 8,242 11.6%
Total interest income 110,781 105,476 5.0%
Interest expenses 43
Deposits 21,762 21,596 0.8%
Interbank and money market items 2,218 1,115 98.9%
Contributions to the Deposit Protection Agency and
Financial Institutions Development Fund 9,864 9,617 2.6%
Debt issued and borrowings 5,561 6,523 (14.7)%
Total interest expenses 39,405 38,851 1.4%
Net interest income 71,376 66,625 7.1%
Yield on earning assets 3.72% 3.68% 0.04%
Cost of funds 1.52% 1.54% (0.02)%
Net interest margin 2.40% 2.32% 0.08%

Bangkok Bank Interest Rate May 16, 2017 Apr 25, 2016
Loans (%)
MOR 7.125 7.375
MRR 7.125 7.625
MLR 6.250 6.250
Deposits (%)
Savings 0.500-0.625 0.500-0.625
3-month Fixed 1.000 1.000
6-month Fixed 1.250 1.250
12-month Fixed 1.500 1.500
Dec 19, 2018 Apr 29, 2015
Bank of Thailand Policy Rate (%) 1.750 1.500
 Annual Report 2018 | Bangkok Bank Public Company Limited

+ Non-Interest Income
In 2018, non-interest income amounted to Baht 50,025 million, on investments. Despite the exemption of transaction fees via
an increase of Baht 4,182 million or 9.1 percent from 2017, due digital channels, net fees and service income slightly rose from
to the increases of Baht 2,043 million in gains on tradings and the previous year due to well growth in fee income from
foreign exchange transactions, and Baht 1,581 million in gains bancassurance and mutual funds, and securities business.

Million Baht
Non-Interest Income 2018 2017 Change (%)
Fees and service income 37,437 36,460 2.7%
Less Fees and service expenses 9,847 8,934 10.2%
Net fees and service income 27,590 27,526 0.2%
Gains on tradings and foreign exchange transactions 8,300 6,257 32.7%
Gains on investments 8,009 6,428 24.6%
Share of profit from investment using equity method 78 205 (62.0)%
Gains on disposal of assets 1,049 1,196 (12.3)%
Dividend income 3,781 3,788 (0.2)%
Other operating income 1,218 443 174.9%
44 Total other operating income 22,435 18,317 22.5%
Total non-interest income 50,025 45,843 9.1%
Net fees and service income to operating income ratio 22.7% 24.5% (1.8)%
 Bangkok Bank Public Company Limited | Annual Report 2018

+ Operating Expenses
In 2018, operating expenses amounted to Baht 55,165 million, dismissal of employees according to a Draft Amendment of the
an increase of Baht 6,217 million or 12.7 percent from 2017, due Labor Protection Act. Other expenses rose by Baht 2,753 million
mainly to an increase of Baht 3,233 million in personnel expenses, partly due to expenses incurred to accommodate an environment
primarily resulting from preparing for an increase in provision for of disruptive technologies, and continuously develop working
the compensation in lieu of notice in the case of retirement and systems and improve operational business efficiency.

52.4% 52.5%

19.0% 20.9%

6.1% 6.9%

22.5% 19.7%

45
2018 2017

Million Baht
Operating Expenses 2018 2017 Change (%)

Personnel expenses 28,774 25,541 12.7%

Directors’ remuneration 154 148 4.1%

Premises and equipment expenses 10,467 10,252 2.1%

Taxes and duties 3,367 3,357 0.3%

Other expenses 12,403 9,650 28.5%
Total operating expenses 55,165 48,948 12.7%
Expense to operating income ratio 45.4% 43.5% 1.9%
 Annual Report 2018 | Bangkok Bank Public Company Limited

+ Impairment Loss of Loans and Debt Securities

The impairment loss of loans and debt securities in 2018 was
Baht 21,965 million, compared to Baht 22,370 million in the
previous year.

Million Baht
Impairment Loss of Loans and Debt Securities 2018 2017 Change (%)
Bad debt and doubtful accounts 18,358 22,712 (19.2)%
Loss on debt restructuring (reversal) 3,607 (342) 1,154.7%
Total 21,965 22,370 (1.8)%

SIGNIFICANT ITEMS IN THE FINANCIAL POSITION

+ Assets
Total assets, as of December 31, 2018, amounted to Baht of Baht 79,171 million or 4.0 percent in loans, a decrease of Baht
46
3,116,750 million, an increase of Baht 40,440 million from the 34,932 million or 5.9 percent in net investments due to a decrease
end of December 2017. Significant items included an increase in available-for-sale securities.

Million Baht
Assets December 2018 December 2017 Change (%)
Net interbank and money market items 450,700 437,738 3.0%
Net investments 556,788 591,720 (5.9)%
Net investments in associates 1,608 1,460 10.1%
Loans * 2,083,160 2,003,989 4.0%
Net properties for sale 10,604 11,415 (7.1)%
Total assets 3,116,750 3,076,310 1.3%
* Less deferred revenue
 Bangkok Bank Public Company Limited | Annual Report 2018

+ Loans
Loans as of December 31, 2018, amounted to Baht 2,083,160 corporate, consumers and loans made through the Bank’s
million, an increase of Baht 79,171 million or 4.0 percent from international network.
the end of December 2017 due to increases in loans for large

39.3% 40.9%

21.9% 21.0%

11.5% 11.4%

9.7% 9.6%
2.5% 2.3%
15.1% 14.8%
2018 2017 47

Million Baht
Loans * by Business Type December 2018 December 2017 Change (%)
Manufacturing and commercial 819,481 819,338 0.0%
Utilities and services 455,969 421,595 8.2%
Housing 240,047 228,146 5.2%
Real estate and construction 202,600 191,176 6.0%
Agriculture and mining 51,498 46,658 10.4%
Others 313,565 297,076 5.6%
Total 2,083,160 2,003,989 4.0%
* Less deferred revenue

The highest portion of lending was to the manufacturing and sector, and 9.7 percent to the real estate and construction sector.
commercial sector, at 39.3 percent, followed by 21.9 percent The increase in loans from the end of December 2017 was mainly
to the utilities and services sector, 11.5 percent to the housing related to the utilities and services sector and the “others” sector.
 Annual Report 2018 | Bangkok Bank Public Company Limited

+ Classified Loans and Allowance for Doubtful Accounts

Non-performing loan (NPL) at the end of December 2018 Total allowance for doubtful accounts at the end of December
amounted to Baht 80,137 million, a decrease of Baht 7,282 million 2018 was Baht 153,003 million or 238.9 percent of the minimum
or 8.3 percent from the end of December 2017. The ratio of NPL amount of Baht 64,035 million required by the Bank of Thailand
to total loans stood at 3.4 percent. (BOT). The ratio of loan loss reserves to NPL at the end of
December 2018 was 190.9 percent.

Million Baht
Loans & Accrued Allowance for Doubtful Accounts
Classified Loans and Allowance Interest Receivables * Classified to Bank of Thailand Criteria
for Doubtful Accounts December 2018 December 2017 December 2018 December 2017
Normal 1,962,102 1,875,782 16,215 14,983
Special mentioned 46,501 45,815 591 591
Substandard 5,460 11,760 1,018 5,275
Doubtful 20,884 19,012 10,608 10,387
Doubtful of loss 53,837 56,681 30,188 36,471
Total 2,088,784 2,009,050 58,620 67,707
Add Excess allowance for doubtful accounts 88,968 70,004
Total allowance for doubtful accounts
48 from loan classification 147,588 137,711
Add Revaluation allowance for debt restructuring 5,415 2,310
Total allowance for doubtful accounts 153,003 140,021
* Less deferred revenue
Million Baht
December 2018 December 2017 Change (%)
NPL before allowance for doubtful accounts 80,137 87,419 (8.3)%
Ratio of NPL to total loans 3.4% 3.9% (0.5)%
NPL after allowance for doubtful accounts (net NPL) 26,412 26,576 (0.6)%
Ratio of net NPL to net total loans 1.2% 1.2% -
Ratio of loan loss reserves to minimum required provisioning 238.9% 200.0% 38.9%
Ratio of loan loss reserves to NPL 190.9% 160.2% 30.7%

+ Net Investments
Net investments as of December 31, 2018 amounted to Baht Most of the net investments were in government and state-
556,788 million, a decrease of Baht 34,932 million or 5.9 percent enterprise securities. As of December 31, 2018, these amounted
from the end of December of 2017, due mainly to a decrease in to Baht 314,541 million, accounting for 56.5 percent of total
available-for-sale securities. investments. The remaining net investments were foreign debt
securities of Baht 86,799 million, private enterprise debt securities
of Baht 37,384 million, and net investment in equity securities of
Baht 110,571 million.
 Bangkok Bank Public Company Limited | Annual Report 2018

The remaining maturity of net investments (including net five years to maturity of Baht 284,505 million, securities with
investments in associates) as of December 31, 2018 were remaining maturity of more than five years of Baht 18,037 million,
categorized into securities with one year or less to maturity of and securities with no maturity of Baht 110,559 million.
Baht 145,295 million, securities with more than one year to

Million Baht
Investments by Investment Holding December 2018 December 2017 Change (%)
Trading securities 7,516 15,113 (50.3)%
Available-for-sale securities 497,838 533,651 (6.7)%
Held-to-maturity debt securities 19,849 11,233 76.7%
General investments 31,585 31,723 (0.4)%
Total net investments 556,788 591,720 (5.9)%

Million Baht
December 2018 December 2017 Change (%)
Investments * by Maturity Amount Portion Amount Portion
Up to one year 145,295 26.0% 71,982 12.1% 101.8%
Between one and five years 284,505 51.0% 375,910 63.4% (24.3)% 49
Over five years 18,037 3.2% 24,597 4.2% (26.7)%
No maturity 110,559 19.8% 120,691 20.3% (8.4)%
Total net investments 558,396 100.0% 593,180 100.0% (5.9)%
* Including net investments in associates

+ Liabilities and Shareholders’ Equity

Total liabilities as of December 31, 2018 amounted to Baht increase of Baht 15,727 million or 0.7 percent in deposits and
2,703,591 million, an increase of Baht 29,288 million or 1.1 an increase of Baht 9,158 million or 8.5 percent in debt issued
percent from the end of December 2017, mostly from an and borrowings.

Million Baht
Liabilities and Shareholders’ Equity December 2018 December 2017 Change (%)
Deposits 2,326,470 2,310,743 0.7%
Interbank and money market items 136,862 133,584 2.5%
Debt issued and borrowings 116,348 107,190 8.5%
Total liabilities 2,703,591 2,674,303 1.1%
Shareholders’ equity * 412,814 401,724 2.8%
* Attributable to owners of the Bank
 Annual Report 2018 | Bangkok Bank Public Company Limited

+ Deposits
Total deposits as of December 31, 2018 amounted to Baht in savings deposits, while fixed deposits and current deposits
2,326,470 million, an increase of Baht 15,727 million or 0.7 decreased.
percent from the end of December 2017, due to an increase

Million Baht
December 2018 December 2017 Change (%)
Deposits Classified by Product Type Amount Portion Amount Portion
Current 101,557 4.4% 106,184 4.6% (4.4)%
Savings 1,117,522 48.0% 1,065,928 46.1% 4.8%
Fixed * 1,107,391 47.6% 1,138,631 49.3% (2.7)%
Total 2,326,470 100.0% 2,310,743 100.0% 0.7%
Loan to deposit ratio   89.5% 86.7% 2.8%
* Including negotiable certificates of deposit

+ Debt Issued and Borrowings

50 In 2018, the Bank issued and offered USD 1,200 million of in October 2018. As a result, total debt issued and borrowings
senior unsecured debentures in foreign markets in September as of December 31, 2018 amounted to Baht 116,348 million, an
2018 and redeemed senior unsecured debentures of USD 400 increase of Baht 9,158 million or 8.5 percent from the end of
million matured in March 2018 and of USD 500 million matured December 2017.

Million Baht
Debt Issued and Borrowings December 2018 December 2017 Change (%)
Classified by Type of Instruments Amount Portion Amount Portion
Senior unsecured notes 107,027 87.6% 98,003 86.6% 9.2%
Unsecured subordinated notes 14,587 11.9% 14,692 13.0% (0.7)%
Bills of exchange 23 0.1% 26 0.1% (11.5)%
Others 456 0.4% 384 0.3% 18.8%
Total (before less discount on borrowings) 122,093 100.0% 113,105 100.0% 7.9%
Less Discount on borrowings 5,745 5,915 (2.9)%
Total 116,348 107,190 8.5%
 Bangkok Bank Public Company Limited | Annual Report 2018

+ Shareholders’ Equity
Shareholders’ equity attributable to owners of the Bank as of the shareholders’ meeting dated April 12, 2018, and the interim
December 31, 2018 amounted to Baht 412,814 million, an dividend payment made from the net profit from operations in
increase of Baht 11,090 million or 2.8 percent from the end of the first half of 2018 of Baht 3,716 million (Baht 2.00 per share),
2017. The increase was mainly due to the net profit attributable a decrease of Baht 9,317 million in revaluation gains on
to owners of the Bank for 2018 of Baht 35,330 million net of available-for-sale investments and the loss on translation of the
two dividend payments in 2018 totaling Baht 12,066 million, financial statements of foreign operations rose by Baht 3,180
consisting of the final dividend payment for 2017 performance of million due to the Baht’s appreciation.
Baht 8,350 million (Baht 4.50 per share) following the resolution of

+ Contingent Liabilities
Contingent liabilities as of December 31, 2018 amounted to percent from the end of December 2017, due predominantly to
Baht 653,730 million, an increase of Baht 53,784 million or 9.0 an increase in others (under other commitments).

Million Baht
Contingent Liabilities December 2018 December 2017 Change (%)
Avals to bills 5,800 8,187 (29.2)% 51
Guarantees of loans 32,236 20,445 57.7%
Liability under unmatured import bills 19,041 16,394 16.1%
Letters of credit 35,822 31,803 12.6%
Other commitments
Underwriting commitments - 1,098 (100.0)%
Amount of unused bank overdrafts 170,329 174,083 (2.2)%
Other guarantees 270,320 259,314 4.2%
Others 120,182 88,622 35.6%
Total 653,730 599,946 9.0%

+ Sources and Utilization of Funds

The primary sources of funds as of December 31, 2018 were Baht The utilization of funds comprised Baht 2,083,160 million or
2,326,470 million or 74.6 percent in deposits, Baht 412,814 million 66.8 percent in loans, Baht 558,396 million or 17.9 percent in
or 13.2 percent in shareholders’ equity attributable to owners of net investments (including net investments in associates), and
the Bank, Baht 136,862 million or 4.4 percent in interbank and Baht 450,700 million or 14.5 percent in net interbank and money
money market liabilities, and Baht 116,348 million or 3.7 percent market assets. 
in debt issued and borrowings.
 Annual Report 2018 | Bangkok Bank Public Company Limited

+ Capital Reserves and Capital Adequacy Ratio

Under the principles of Basel III, the Bank of Thailand (BOT) 6.375 percent, the Tier 1 ratio at more than 7.875 percent, and
requires commercial banks registered in Thailand and members the total capital ratio at more than 10.375 percent – measured
of their financial groups to maintain minimum levels of capital as percentages of total risk-weighted assets.
adequacy as measured by three ratios, including the Common
Equity Tier 1 ratio at no less than 4.50 percent, the Tier 1 ratio at As of December 31, 2018, the regulatory capital position was
no less than 6.00 percent, and the total capital ratio at no less than Baht 426,563 million, Common Equity Tier 1 capital was Baht
8.50 percent – measured as a percentage of total risk-weighted 390,309 million, and Tier 1 capital was Baht 390,369 million. The
assets. It also requires a capital conservation buffer in addition total capital adequacy ratio was 17.96 percent, the Common
to minimum capital adequacy ratios, phasing in an additional Equity Tier 1 capital adequacy ratio was 16.43 percent, and
capital ratio of more than 0.625 percent p.a. starting January 1, the Tier 1 capital adequacy ratio was 16.43 percent. With the
2016 until completion of the increment to more than 2.50 percent inclusion of net profit from July to December 2018, the total capital
from January 1, 2019 onwards. To satisfy the minimum levels and adequacy ratio, the Common Equity Tier 1 capital adequacy ratio
capital buffer requirements of the BOT, in 2018 the Bank was and the Tier 1 capital adequacy ratio would be 18.71 percent,
required to maintain the Common Equity Tier 1 ratio at more than 17.19 percent and 17.19 percent, respectively.
Million Baht
December 2018 December 2017
BOT’s Ratio Capital BOT’s Ratio Capital
Consolidated notification notification
52 Total capital 10.375% 17.96% 426,563 9.750% 18.17% 419,580
Tier 1 capital 7.875% 16.43% 390,369 7.250% 16.63% 383,942
Common Equity Tier 1 capital 6.375% 16.43% 390,309 5.750% 16.62% 383,841

Million Baht
December 2018 December 2017
BOT’s Ratio Capital BOT’s Ratio Capital
The Bank notification notification
Total capital 10.375% 17.78% 409,945 9.750% 18.03% 404,226
Tier 1 capital 7.875% 16.24% 374,633 7.250% 16.47% 369,261
Common Equity Tier 1 capital 6.375% 16.24% 374,633 5.750% 16.47% 369,261

+ Liquid Assets
Liquid assets consisted of cash, net interbank and money market of December 2017, due to a decrease of Baht 35,813 million in
items, trading securities and available-for-sale securities. As of available-for-sale securities, a decrease of Baht 7,597 million in
December 31, 2018, liquid assets totaled Baht 1,018,448 million, trading securities, whereas net interbank and money market items
a decrease of Baht 33,527 million or 3.2 percent from the end rose by Baht 12,962 million.

Liquid Assets December 2018 December 2017

Liquid assets (Million Baht) 1,018,448 1,051,975
Liquid assets/Total assets (%) 32.7 34.2
Liquid assets/Deposits (%) 43.8 45.5
 Bangkok Bank Public Company Limited | Annual Report 2018

CREDIT RATINGS
Details of the Bank’s credit ratings as of December 31, 2018 are as follows:

Credit Rating Agency * December 2018 December 2017

Moody’s Investors Service
Long-term Deposit Baa1 Baa1
Short-term Deposit P-2 P-2
Senior Unsecured Debt Instrument Baa1 Baa1
Subordinated Debt Instrument Baa3 Baa3
Financial Strength (BCA) baa2 baa2
Outlook Stable Stable
Standard & Poor’s
Long-term Counterparty Credit Rating BBB+ BBB+
Short-term Counterparty Credit Rating A-2 A-2
Senior Unsecured Debt Instrument BBB+ BBB+
Subordinated Debt Instrument BBB BBB
Financial Strength (SACP) bbb bbb
Outlook Stable Stable
53
Fitch Ratings
International ratings
Long-term Issuer Default Rating BBB+ BBB+
Short-term Issuer Default Rating F2 F2
Senior Unsecured Debt Instrument BBB+ BBB+
Subordinated Debt Instrument BBB BBB
Financial Strength (VR) bbb+ bbb+
Outlook Stable Stable
National ratings
Long-term AA+(tha) AA+(tha)
Short-term F1+(tha) F1+(tha)
Outlook Stable Stable
* Long-term credit ratings classified as investment grade by Moody’s Investors Service, Standard & Poor’s and Fitch Ratings are Baa3, BBB- and BBB-,
or higher, respectively. Short-term credit ratings classified as investment grade by Moody’s Investors Service, Standard & Poor’s and Fitch Ratings are
P-3, A-3 and F3, or higher, respectively.
 Annual Report 2018 | Bangkok Bank Public Company Limited

TEN-YEAR STATISTICAL SUMMARY

(CONSOLIDATED)

2018 2017 2016

OPERATING RESULTS FOR THE YEAR (MILLION BAHT)

Operating income 170,653 160,253 152,747
Operating expenses 126,382 119,103 113,122
Profit before provision and tax 66,236 63,520 55,352
Profit before tax 44,271 41,151 39,625
Income tax 8,554 7,832 7,556
Net profit /1 35,330 33,009 31,815

FINANCIAL POSITION AS AT 31 DECEMBER (MILLION BAHT)

Assets 3,116,750 3,076,310 2,944,230
Cash 62,394 65,473 66,338
54 Net investments 556,788 591,720 546,614
Loans /2 2,083,160 2,003,989 1,941,093
Loans (less allowance for doubtful accounts) /2 1,930,157 1,863,968 1,821,575
Premises and equipment, net 42,567 43,834 45,230
Deposits 2,326,470 2,310,743 2,178,141
Shareholders’ equity /1 412,814 401,724 379,016

PER SHARE (BAHT)

Operating income 89.40 83.95 80.02
Profit before tax 23.19 21.56 20.76
Net profit /1 18.51 17.29 16.67
Dividends /3 6.50 6.50 6.50
Book value /1 216.26 210.45 198.56

Number of staff 25,287 26,012 26,871

Number of branches /4 1,193 1,198 1,189

Remarks : /1 Attributable to owners of the Bank

/2 Less deferred revenue
/3 The dividends for 2018 include the proposed dividend for the second half of the year of Baht 4.50 per ordinary share pending approval
by the annual ordinary meeting of shareholders
/4 Bank only, including Bangkok Bank Berhad and Bangkok Bank (China) Company Limited, excluding self-services outlets
* The figures in 2010 - 2012 were restated according to TAS 12 Income Tax (effective from January 1, 2013)
 Bangkok Bank Public Company Limited | Annual Report 2018

2015 2014 2013 2012* 2011* 2010* 2009

157,044 148,774 143,138 132,220 116,563 98,659 92,026

114,014 103,691 98,221 91,204 82,073 61,996 62,944
57,683 53,770 53,510 48,264 46,518 44,230 36,680
43,030 45,083 44,917 41,016 34,490 36,663 29,082
8,630 8,593 8,882 9,100 15,280 9,410 8,393
34,181 36,332 35,906 31,847 18,897 27,038 20,562

2,835,852 2,759,890 2,596,507 2,420,740 2,109,042 1,952,107 1,771,932

61,432 59,899 53,550 46,432 45,289 40,508 35,780
519,525 382,054 377,413 412,418 328,068 284,407 342,578 55
1,868,903 1,782,233 1,752,667 1,604,391 1,470,398 1,256,123 1,143,287
1,764,716 1,690,307 1,660,085 1,516,803 1,385,661 1,183,671 1,078,143
46,108 31,455 32,275 33,577 35,240 36,510 29,504
2,090,965 2,058,779 1,935,272 1,834,654 1,587,834 1,394,388 1,360,716
361,832 323,491 295,936 272,025 245,785 232,990 192,999

82.27 77.94 74.99 69.27 61.06 51.68 48.21

22.54 23.62 23.53 21.49 18.07 19.21 15.24
17.91 19.03 18.81 16.68 9.90 14.16 10.77
6.50 6.50 6.50 6.50 6.00 5.00 4.00
189.56 169.47 155.03 142.50 128.76 122.05 101.11

27,142 26,132 25,384 24,091 22,599 22,227 21,630

1,169 1,144 1,098 1,049 999 958 933
 Annual Report 2018 | Bangkok Bank Public Company Limited

+ AWARDS 2018
+ Bank of the Year
Money & Banking magazine

+ Best Trade Finance Bank in Thailand

(12th consecutive year)
Alpha Southeast Asia magazine

56

+ Best Local Currency Bond Deal in + Thailand Domestic Trade Finance + Straight Through Processing (STP)
Southeast Asia Bank of the Year (4th consecutive year) Award
+ Best Trade Finance Bank in Asian Banking & Finance magazine Bank of New York Mellon, U.S.A.
Thailand (12th consecutive year)
Alpha Southeast Asia magazine + Best Supply Chain Solution Service + Best Outright Primary Dealer
Provider (2nd consecutive year) Bank of Thailand
+ Best Payment Bank in Thailand + Top Arranger in Corporate Bonds
(3rd consecutive year) + Top Arranger in Government Bonds + Most Trusted Bank
+ Sub-Custodian Bank of the Year in + Top Bank in Corporate Bonds (3rd consecutive year)
Thailand (4th consecutive year) + Top Bank in Government Bonds BrandAge magazine
The Asian Banker magazine The Asset magazine
+ Thailand’s Best Bank
Euromoney magazine
 Bangkok Bank Public Company Limited | Annual Report 2018

+ Thailand ICT Excellence Awards

Business Enable Project category
Thailand Management Association

+ Best Payment Bank in Thailand + Best Deal of the Year

(3rd consecutive year) The Stock Exchange of Thailand
The Asian Banker magazine
57

+ Best Bank in Thailand + Thailand ICT Excellence Awards + Best Securities House in Thailand
+ Best Sub-Custodian Bank in Thailand Business Enable Project category Asiamoney magazine
(11th consecutive year) Thailand Management Association
Global Finance magazine + Best ECM House
+ Best Bond Dealer FinanceAsia magazine
+ Best Primary Market Contributor The Thai Bond Market Association
Ministry of Finance + Best Securities Company of the Year
+ Brand of the Year Award Money & Banking magazine
+ Bank of the Year The World Branding Forum
Money & Banking magazine + Best Deal of the Year
+ Best Wealth Management Provider + Outstanding Derivatives House
in Thailand + Outstanding Securities Company –
World Finance magazine Retail Investors
The Stock Exchange of Thailand
 Annual Report 2018 | Bangkok Bank Public Company Limited

+ RISK FACTORS
AND RISK MANAGEMENT

58

Bangkok Bank recognizes that effective risk management is

fundamental to good banking practice. Accordingly, the Bank
has established guidelines for managing risk in each area of its
business to ensure that proper risk management mechanisms
are in place. Over the past few years, the Bank has been
proactively identifying, monitoring and analyzing major risk
factors which could affect its financial operations and, where
necessary, has adjusted its organizational structure and risk
management processes accordingly. This is to ensure that its
risk management system is effective and in line with international
standards and in accordance with the principles of Basel.
 Bangkok Bank Public Company Limited | Annual Report 2018

1) Uncertainties in Global and

Domestic Conditions
One of the major emerging risks is uncertainties regarding
China-US trade policies. Despite the improvement in sentiment
after recent negotiations, risks of tension escalation will likely
linger, as issues such as transfers of technology from US firms
and China’s industrial policies remain unresolved. Uncertainties
over the prospects of China-US trade policies could trigger
financial market volatility and soften global trade and investment.

Countries with elevated debt level are vulnerable to risks from

The Risk Management Committee, the Board of Executive tightening global liquidity. Given a decade of ample global
Directors and the senior management all play significant roles liquidity after the Global Financial Crisis, both public and private
in prescribing and reviewing the sufficiency of the risk debt has risen substantially across many economies. Thus,
management policy and system. They also define the risk higher interest rates and tightening global financial conditions
management strategy, and monitor and control the Bank’s risk may leave these countries with more difficulties in deleveraging
to be at an appropriate level, in compliance with the risk and refinancing, which could exert downward pressure on 59
management policy approved by the Board of Directors. economic activity. Furthermore, emerging markets with large
current account deficits, elevated external debt, and low
The Bank’s risk management process comprises the identification international reserves are more prone to sudden capital flow
of significant risks which may potentially impact the Bank’s reversals, which could lead to contagion over other emerging
business operations, the assessment of each type of risk, the markets.
monitoring and control of risks to an appropriate level, and the
reporting of the status of each type of risk to the relevant parties Uncertainties in the Euro area political landscape pose
so as to enable them to manage and/or handle the risks in a additional headwinds to global growth. Notably, there is a risk
timely manner. that the transition of the UK out of the European Union (EU)
could be accompanied by interruptions in cross-border financial
The key principle of risk management is based on each business flows and weaker economic activities in the UK and, to some
unit being responsible for continuously managing its relevant extent, in European countries. In addition, there remain policy
risk exposures and ensuring each risk remains within the uncertainties in Germany and Italy as well as political risks
approved limits and is in compliance with the overall risk related to the European Parliament election and general
management policy approved by the Board of Directors, while elections in other European countries.
the Risk Management Division is responsible for monitoring and
controlling the overall risks on a regular basis. Asian emerging markets are exposed to risks from a slower
Chinese economy, given that the majority of their exports to
The operating environment and major risks that may affect the China are for Chinese final domestic consumption. The
operations of the Bank, as well as the Bank’s management of deleveraging process and the trade tensions with the US present
these risks, are as follows. downside risks to China’s growth, although the adverse effects
are partially offset by fiscal and monetary policy stimulus.
 Annual Report 2018 | Bangkok Bank Public Company Limited

Weaker-than-expected private consumption remains a risk to ensuring Tier 1 capital as a percentage of total exposures is no
the domestic economy. Uneven increases in income, together lower than 3 percent. The Bank has already prepared for
with rising household debt level, may continue to have negative compliance with the guidelines.
repercussions on consumption, particularly among middle- and
low-income households, and SME growth. With regards to the Basel III Liquidity Framework, the BOT has
imposed the guidelines on Liquidity Coverage Ratio (LCR) since
The Bank recognizes that the uncertain global environment and January 1, 2016. The minimum requirement for LCR was set at
domestic economy may affect its business operations and those 60 percent for 2016 and mandated to rise in equal annual steps
of its customers. The Bank has closely monitored each type of until reaching 100 percent on January 1, 2020. The BOT recently
risk so it can make necessary adjustments to its business imposed guidelines for the Net Stable Funding Ratio (NSFR)
strategies and support its customers properly and promptly. with the minimum requirement of 100 percent, effective on July
1, 2018.
2) Regulatory Changes
Apart from the guidelines mentioned above, the Bank has
+ Principles of the Basel III Framework closely monitored the revision of other risk management
guidelines proposed by the Basel Committee on Banking
The Bank of Thailand (BOT) has enforced its regulatory capital Supervision (BCBS) and/or any other regulators, including
requirements for commercial banks according to the Basel III guidelines that BCBS has already announced and which the
framework, which covers regulatory capital requirements and BOT is considering adopting in Thailand, such as Basel III:
liquidity risk management standards, since 2013. Finalizing Post-crisis Reforms, Fundamental Review of the
Trading Book, Operational Risk – Revisions to the Simpler
60 Under this framework the BOT requires banks to preserve Approaches, Interest Rate Risk in the Banking Book, and the
additional capital, in both quantitative and qualitative terms, to Standardised Approach for Measuring Counterparty Credit Risk
support losses that may occur in normal times as well as under Exposures. These guidelines may impact the Bank’s capital
stressed scenarios in order to support and maintain the stability requirements and business strategy. The Bank has therefore
of the financial system. Significant recent revisions to the closely monitored these revisions and has studied and assessed
requirements include: a new minimum capital ratio, an increase their impacts, in order to properly prepare for the new guidelines.
in the quality of capital to an appropriate level, and an expansion
of the coverage of risk-weighted assets so that they are more + New or Revised Financial Reporting Standards
comprehensive and reflect real risks. From January 1, 2016, the
BOT has required commercial banks to gradually set aside The Bank’s financial statements have been, and will be,
additional capital as part of the Capital Conservation Buffer of prepared under the new and revised Thai Financial Reporting
more than 0.625 percent p.a. until completion of the increment Standards (TFRS), which were adopted by the Federation of
to more than 2.50 percent in 2019. The BOT also plans to Accounting Professions (FAP) in accordance with IFRS. The
enforce the Countercyclical Buffer in 2019, which requires financial reporting standards that relate to the Bank, which will
commercial banks to maintain additional capital at a maximum take effect in 2019, are newly issued or amended and will be
of 2.50 percent. Moreover, the BOT requires the Bank, which more current under IFRS; there are no changes to the principles
is classified as a domestic systemically important bank (D-SIB), in all material aspects.
to have additional capital to meet the Higher Loss Absorbency
(HLA) requirement by 1.00 percent, beginning with a 0.50 However, FAP had issued the Notification of a pack of Thai
percent increase from January 1, 2019 followed by a 1.00 Financial Reporting Standards No.9, in relation to financial
percent increase from January 1, 2020 onwards. As at instruments, to be effective in 2020 which widely impact financial
December 31, 2018, the Bank and Group had adequate capital institutions, particular in terms of their lending business and risk
for such buffers. management, including compliance with the BOT’s regulations,
which were amended to be in line with the new accounting
The Leverage Ratio guidelines, which will take effect in 2022, standards. The Bank has been gradually readying itself for
aim to control on and off-balance sheet transaction volumes by compliance with such accounting standards in terms of its
 Bangkok Bank Public Company Limited | Annual Report 2018

lending business and risk management, especially risk and due to low farm prices and sluggish non-farm earnings, while
information technology, in order to enable effective change household debt is still high. In addition, the manufacturing sector
management, and enhancement of related policies and faces a shortage of labor due to low labor force participation
processes. and a mismatch between the level of skills and manufacturing
requirements. Moreover, technological disruption is a risk for
3) Credit Risk traditional businesses unable to incorporate advanced
technology and innovation into their operations or create value-added
Credit risk is the risk that arises from the inability of borrowers goods and services to suit changing customer demands.
or counterparties to perform their obligations under contractual
agreements in relation to the Bank’s lending, investment and Furthermore, there remain structural problems caused by
other contractual commitments – for example, the borrower’s multi-dimensional inequality between the rich and the poor,
failure to repay principal and/or interest as agreed with the Bank. urban and rural, and large and small businesses. This could be
In addition, there are other related risks under credit risk such a significant risk for Thailand’s long-term economic development.
as credit concentration risk, reflecting large borrower
concentration, industry concentration risk, and country and Given all these factors, the Bank must therefore closely monitor
transfer risk. The Portfolio Management Unit is responsible for the risks that might adversely affect debtors and their
managing these risks. counterparties, particularly those whose financial status is weak
and/or who are vulnerable to the risk factors which will eventually
Credit risk factors are those factors which may affect the ability affect their repayment ability.
of borrowers to fully repay loans, and include factors which may
affect the Bank’s ability to resolve non-performing loans. In managing credit risk, the Bank has established credit
underwriting processes which include the formulation of credit 61
A key credit risk factor in 2019 – 2020 is the uncertainty of global policy, credit risk ratings for customers, and the establishment of
economic expansion resulting from certain factors. These different levels of delegation of authority for credit approval,
include the trade tension between the US and China which may depending upon the type of business and/or the size of the credit
affect other countries. Furthermore, the enactment of the new line. In considering the approval of loans in general, the Bank
Comprehensive and Progressive Agreement for Trans-Pacific considers the purpose of the loan and assesses the repayment
Partnership (CPTPP) which entered into force on December 30, ability of the applicant, taking into account the applicant’s
2018, and the new United States-Mexico-Canada Agreement operating cash flows, business feasibility, management capability,
(USMCA) to replace the former North America Free Trade and collateral coverage. The Bank performs credit reviews which
Agreement (NAFTA) which is likely to come into force by 2020, include reviewing credit risk ratings on a regular basis. In order to
may have an impact on Thailand’s export and supply chains. effectively monitor and manage its credit risks, the Bank has
Meanwhile, 11 Thai products have been removed from the Generalized therefore set up the following divisions:
System of Preferences (GSP) by the United States. Although the
value of those products is relatively small, it will directly impact • Risk Management Division is responsible for analyzing and
some Thai exporters. Owing to health and environment reporting to management on the status of various risks of
concerns, the European Union may ban the import of palm oil the Bank, as well as proposing recommendations for the
which is likely to affect the palm oil price. The impact will worsen review of the overall risk policy of the Bank in anticipation
if it includes various products with palm oil as an ingredient. of, and in compliance with, new rules, regulations and
The trend of monetary policy normalization, particularly in the United international standards. The division is also responsible for
States and some major countries, also presents an additional overseeing the management of each type of risk to comply
risk to the global economy as does the uncertainty of Brexit. with the Bank’s risk management policy.
Other risks such as global political conditions, volatile oil prices • Credit Management Division is responsible for managing
and a slackening in agricultural prices may also affect the outlook. risks related to credit extension by supervising and
monitoring credit extensions in accordance with the Bank’s
Internally, the major risk to Thailand’s economy is low household credit policies. The Credit Management Division comprises
purchasing power, particularly in agricultural and rural areas, the Credit Policy unit, the Credit Acceptance unit, the
 Annual Report 2018 | Bangkok Bank Public Company Limited

Portfolio Management unit, the Risk Asset Review unit, the • Bank Property unit is responsible for managing and
Special Asset Management unit, the Loan Recovery and selling foreclosed assets obtained from loan recovery
Legal unit, and the Bank Property unit. The functions of each processes and from legal actions.
unit are summarized below.
For the credit process, credit applications are first considered
• Credit Policy unit oversees the credit policy framework by the business units and then submitted to the Credit
and coordinates the improvement and adjustment of the Acceptance unit. The unit conducts additional analysis to help
credit policy. It is also responsible for disseminating the mitigate credit risk by ensuring that the proposals comply with
credit policy, credit standards and credit processes; for the Bank’s credit policies in areas such as credit underwriting
monitoring and overseeing exceptional cases which are standards, credit risk rating, and collateral appraisal. In handling
inconsistent with the credit policy; and for gathering non-performing loans, there is a specific unit to manage and
various inputs which may be used for improving the resolve such loans. The Bank also has an independent unit to
credit policy. review credit quality and credit management processes; assess
• Credit Acceptance unit oversees the quality of credit the adequacy of loan loss reserves for non-performing loan;
extensions to ensure they are in line with the credit evaluate the effectiveness in complying with credit policy,
policy and credit underwriting standards, reviews regulations and credit underwriting standards; and assess the
the appropriateness of loan structures as well as appropriateness of portfolio composition, the adequacy of
the results of customers’ credit risk ratings, promotes capital and the effectiveness of stress testing as specified by
the development of a good credit culture, and maintains the Bank and the BOT. All the above units report on a regular
a systematic and reliable credit extension process. basis to the senior management, the Board of Executive
62 • Portfolio Management unit is responsible for analyzing Directors and the Risk Management Committee.
and making recommendations for adjustments to the
portfolio structure, recommending the appropriate The Bank has established different measures to control credit
portfolio composition and the provision of reserves for risk. For example, the Bank has instituted limits on the amount
loan losses at the portfolio level, developing and of total credit extended, contingent liabilities and investment in
overseeing credit risk management tools and a group of borrowers, an industry and a country. All of this will
methodologies, constructing credit databases, and limit the loss of capital due to an economic downturn. Moreover,
overseeing related management standards. the Bank monitors and reports on these aspects to the senior
• Risk Asset Review unit is charged with reviewing credit management, the Board of Executive Directors and the Risk
quality and credit management processes, assessing Management Committee to ensure that there will be adequate
the adequacy of loan loss reserves, and evaluating capital to safeguard the continuity of business operations in
compliance with credit policy, regulations and credit difficult times.
underwriting standards.
• Special Asset Management unit is responsible for In addition, the Bank has established a risk management policy
managing non-performing loan, and for determining and for intra-group1 transactions, in accordance with the consolidated
executing strategies for the resolution and restructuring supervision principles of the BOT, which cover guidelines and
of troubled loans. limitations for intra-group transactions and their risk management.
• Loan Recovery and Legal unit is responsible for taking The intra-group transaction policy stipulates that the companies
legal actions, negotiating loan settlements, and seizing in the Bank’s financial business group shall manage, control and
collateral for sale by public auction. monitor the transaction volumes to be within the intra-group

1 The Group comprises 10 companies as follows; 1) BANGKOK BANK PUBLIC COMPANY LIMITED (as a parent company) 2) BANGKOK BANK BERHAD (BBB)
3) BANGKOK BANK (CHINA) COMPANY LIMITED (BBC) 4) SINSUPTAWEE ASSET MANAGEMENT CO., LTD. (STAM) 5) BBL ASSET MANAGEMENT CO., LTD.
(BBLAM) 6) BUALUANG SECURITIES PCL. (BLS) 7) BBL NOMINEES (TEMPATAN) SDN. BHD. 8) BBL (CAYMAN) LIMITED 9) BANGKOK CAPITAL ASSET MANAGEMENT
CO., LTD. and 10) BUALUANG VENTURES LIMITED
 Bangkok Bank Public Company Limited | Annual Report 2018

transaction policy of the Bank (as a parent company) and to be To control industry concentration risk, the Bank aggregates
consistent with the guidelines of the BOT and/or other relevant exposures into industry and sub-industry categories based on
regulators. The companies in the Bank’s financial group shall economic factors, determines the worst-case scenario level of
report intra-group transactions to the Risk Management loss in each industry, and then calculates the lending limit to
Committee of the Bank’s financial group and to the Bank’s Board any industry to be at an acceptable level to limit damages to
of Directors on a regular basis so that potential problems can the Bank’s capital in the event of a serious incident with major
be monitored and pre-empted before serious damage occurs. implications on certain sectors. The Bank also monitors, reviews
and reports exposures and business conditions of each industry
The ratios of the Group’s asset quality show the Bank’s stability to ensure that the diversification in the portfolio will support the
compared to the industry, with adequate reserves for losses Bank’s solid business growth.
from credit risk. The ratios as at December 31, 2018 and
December 31, 2017 were as follows: For country and transfer risk, the Bank evaluates the riskiness
of a counterparty’s country with an assumption that their
Dec 31, 18 Dec 31, 17 economic, social and political problems are worse than usual
Ratio of loan loss reserves to total loans* 7.3% 7.0% conditions. Then, together with business requirements, the Bank
Ratio of loans written off to total loans* 0.4% 0.1% determines the country limit with an objective to limit damages
Ratio of non-performing loan to total loans** 3.4% 3.9% to the Bank’s capital in case events in a foreign country
Ratio of accured interest to total loans* 0.3% 0.3% adversely affect the Bank’s financial interests. The Bank also
Ratio of loan loss reserve to non-performing 190.9% 160.2% monitors, reviews and reports exposures and business
loans** conditions of every major country regularly to ensure the Bank
has optimal exposure allocations. 63
* Including accured interest
** As per the Bank of Thailand requirements
4) Market Risk
Credit Concentration Risk Market risk is the risk of losses in on and off-balance sheet
positions of the Bank arising from movements in market prices
Credit concentration risk is the risk of the Bank making lending, such as interest rates, foreign exchange rates, equity prices
investment and other contractual commitments to any borrower and commodity prices.
or any sector at very high volumes. If losses occur, this will affect
the status and operations of the Bank. There are 3 types of The Bank’s market risk arises from financial services activities
concentration risks: large borrower concentration, industry provided to customers and/or financial institutions. These involve
concentration, and country and transfer risk. buying and selling foreign exchange and debt securities,
as well as restricted financial derivative transactions, such as
Large borrower concentration is controlled by limiting the foreign exchange forward contracts, cross currency swaps and
lending, investment and other contractual commitments to any interest rate swaps. The Bank manages market risk arising from
one borrower or any one project to no more than 25 percent of customer-driven transactions to be at acceptable levels by
the Bank’s total capital. The Bank also sets a limit of three times hedging or reducing the risk exposure. Market risk exposures
its total capital on the total sum of lending, investment and other also arise from the Bank’s own asset and liability positions.
contractual commitments to any group of borrowers that
exceeds 10 percent of the Bank’s total capital. These two limits The primary objective of market risk management is to manage
are required by the BOT and the Bank is in compliance. the risks resulting from changes in market factors to be at

 Annual Report 2018 | Bangkok Bank Public Company Limited

acceptable levels and in line with the overall risk management Interest rate risk in the trading book arises when the Bank holds
policy of the Bank. The Bank has established a market risk interest rate-related financial instruments with an intention to
management policy and specified market risk measurement trade, speculate for a short-term profit, or hedge other positions
metrics and limits, taking into consideration the nature and in the trading book. These trading exposures include debt
complexities of various financial activities. The following securities, foreign exchange forward contracts, interest rate
committee and units are mainly responsible for managing, swaps and currency swaps, etc. Changes in interest rates affect
monitoring and controlling market risks. the fair value of these positions and may result in gains or losses
for the Bank.
• Asset-Liability Management Committee is responsible for
establishing and reviewing policies and guidelines for Foreign exchange risk arises when the Bank executes a foreign
asset and liability management and market risk currency transaction which may lead to an overbought or
management, as well as monitoring and controlling these oversold position in a particular currency. These transactions
risks to be at acceptable levels and in compliance with include foreign currency exchange, investments, loans,
the risk management policy set by the Risk Management borrowings, financial commitments, and foreign
Committee. exchange-related derivatives. The Bank may incur gains or
• Treasury Division is responsible for executing the trading losses as a result of movements in foreign exchange rates.
strategy for the Bank through buying and selling financial
products such as foreign exchange, bonds and Factors which affected the trading book position in the past year
derivatives instruments, as well as managing the Bank’s and that will need to be monitored going forward include
foreign exchange risk, interest rate risk and liquidity risk 1) Monetary policies of the US and some major economies are
64 to be within the limits set by ALCO’s guidelines and at tending towards policy normalization and this is causing global
levels acceptable to the Bank. interest rates to rise. 2) Increasing US trade protection measures
• Market Risk unit, which is part of the Risk Management with China and other countries could limit global trade and
Division, is accountable for identifying, assessing, economic expansion. 3) There is uncertainty over whether the
monitoring, reporting and controlling risk positions UK can reach an agreement with the EU on Brexit. 4) There is
against specified limits. The Market Risk unit reports to slower growth in the Chinese economy. These factors may
ALCO on a regular basis and is responsible for increase the volatility of international fund flows and subsequently
proposing the enhancement of market risk policies, cause volatilities in exchange rates, interest rates and commodity
measurement metrics and limits in response to changes prices.
in the operating environment, the Bank’s business plans,
and the complexities of financial activities. The Bank manages traded market risk primarily through a series
of limits, such as VaR Limit, PV01 Limit and Maximum Loss Limit.
The Bank segregates market risk management into two parts, Risk exposures are monitored and reported to senior
the trading book and the banking book, which are classified management, the Board of Executive Directors and the Risk
according to the purpose of entering into the transaction. Management Committee on a regular basis. Value-at-risk (VaR)
is a statistical technique for estimating the potential losses on
4.1 Market Risk in the Trading Book risk exposures as a result of movements in market rates and
Trading book position includes positions of financial instruments prices over a specified time horizon and at a given level of
that the Bank holds for a short period with an intention to trade, confidence.
resell, and benefit from the difference between the buying and
selling prices; to benefit from arbitrage opportunities; or to hedge
other positions in the trading book. The Bank’s main traded
market risks are interest rate risk and foreign exchange risk.
 Bangkok Bank Public Company Limited | Annual Report 2018

The Bank also performs market risk stress testing on its trading cross currency interest rate swaps, to hedge or mitigate interest
book position on at least a quarterly basis to determine the rate risks to be within the risk tolerance limit, based on ALCO’s
potential losses from extreme market movements or crisis risk management guidelines. The Bank also performs stress
events. This stress testing enhances the Bank’s understanding testing for interest rate risk in the banking book on a quarterly
of its risk exposures and vulnerability as well as facilitating basis in order to understand its vulnerability and potential
proactive risk management. negative impact on NII under various stress scenarios. Results
of the stress testing are used to determine alternative balance
By using the historical simulation approach, the average VaR sheet strategies more suited to the business environment
of the trading book for a one-day holding period, with a 99 in order to achieve the business return target under an acceptable
percent confidence level, was Baht 72 million in 2018. level of risk.

4.2 Market Risk in the Banking Book The impact of a one percent interest rate increase on the
The Bank’s banking book is subject to interest rate risk and Group’s NII as at December 31, 2018 and December 31, 2017
equity price risk which can be described as follows: was as follows:

(1) Interest Rate Risk in the Banking Book Million Baht

Interest rate risk in the banking book normally arises when the Currency Dec 31, 18 Dec 31, 17
repricing and/or maturity schedule of assets, liabilities and THB -305.46 -614.06
off-balance sheet positions are not matched, or when the USD 1,562.64 1,002.53
movements of reference interest rates on assets and liabilities EUR 275.60 69.72
are not correlated, negatively affecting net interest income (NII) OTH 577.81 578.89 65
and/or economic value of equity (EVE). Total NII Impact 2,110.58 1,037.07

Primary factors affecting the trend and the level of interest rates (2) Equity Exposure in the Banking Book
include macroeconomic conditions and inflation rates, as well as Equity price risk is the risk associated with equity price changes
the monetary policies adopted by the BOT and central banks resulting in the deterioration of investment value affecting the
of major countries that may directly affect the trend and level of Bank’s capital.
interest rates or affect the movement of international capital flows
and subsequently affect interest rates. Moreover, competition Objectives of the Bank’s equity investment in the banking book
among banks to increase or maintain market share on deposits are to enhance income in terms of dividends and capital gains
and loans may also narrow the Bank’s net interest margin. under a medium to long-term investment horizon, and to support
its core banking business by establishing good relationships
To control interest rate risk in the banking book, the Bank has with customers and creating networks of strategic investment
established a NII Impact Limit (being the Cumulative NII Impact partners, as well as using securities for debt repayment under
within one year) and an EVE Impact Limit, assuming interest debt restructuring agreements. The Bank’s equity price risk
rates rise and decrease immediately by one percent. arises from various types of investments in both domestic and
overseas markets in order to diversify risk, to enhance returns,
The Bank manages interest rate risk by adjusting its asset and and to support the development of the Thai capital market, such as
liability structure in line with forecast interest rate trends, taking investments in property funds and infrastructure funds.
into consideration the changes in NII and EVE. The Bank may
deploy plain vanilla derivatives, such as interest rate swaps and
 Annual Report 2018 | Bangkok Bank Public Company Limited

The Bank has established an equity investment and risk The Bank has diversified funding sources. Its major funding
management policy as a guideline for assessing, monitoring source is customer deposits which are well diversified in terms
and controlling equity price risk. Risk measurement techniques of customer type, deposit type and maturity. Moreover, the Bank
for the assessment of equity price risk are categorized by equity manages liquidity in major currencies such as the Thai baht and
type. The Bank performs equity price risk stress testing on US dollar by using domestic and international money and capital
at least a quarterly basis in order to assess maximum potential markets, including swap and repurchase markets. The Bank
losses from extreme market movements or crisis situations, aims to balance the cost of liquidity against liquidity risks as
as well as controlling the ratio of equity investment exposures deemed appropriate, based on market conditions and
to total capital in accordance with BOT regulations and acceptable risk levels. The Bank also closely manages
the Bank’s internal guidelines. short-term and long-term liquidity positions, including the
consideration of foreign short-term and long-term borrowings to
5) Liquidity Risk meet customers’ foreign currency loan demands in both
domestic and overseas operations, as well as planning for
Liquidity risk is the risk that the Bank is not able to meet financial capital fundraising as market conditions permit.
obligations when they fall due. The purpose of the Bank’s
liquidity risk management is to maintain sufficient funds to meet In addition to funding diversification, the Bank maintains
present and future financial obligations while managing the use high-quality liquid assets which can be liquidated or realized as
of the funds to generate an appropriate return in line with needed in order to meet its financial obligations under both
prevailing market conditions. business-as-usual and crisis situations. The Bank maintains a
liquidity reserve ratio in accordance with the requirements of
66 Liquidity risk factors mainly comprise the structure of the sources the BOT and other regulatory authorities in the countries where
and use of funds, competition among banks to increase market it has an international presence, as well as in accordance with
share of deposits, especially low-cost deposits, in order to the ALCO guidelines.
support loan expansion if demand increases due to the
government’s public infrastructure projects. Additionally, The Bank assesses, monitors and controls liquidity risk through
changes in the monetary policy directions of major economies a variety of measurements such as the loan-to-deposit ratio,
and the rising trend of US interest rates might lead to increased cumulative cash flow positions under business-as-usual and
volatility in the international flow of funds and cause money crisis scenarios, liquidity coverage ratio (LCR) and net stable
market fluctuations, which may impact the Bank’s liquidity and funding ratio (NSFR). The Bank’s average LCR in the fourth
foreign-currency funding costs. quarter of year 2018 was 288 percent, which was computed
from month-end LCR in the quarter. The Bank’s LCR is above
The Bank manages liquidity risk in accordance with policies and the regulatory minimum requirement of 100 percent due in 2020.
principles established internally by ALCO and with relevant
regulatory requirements. The Treasury Division is in charge of The Bank also has in place an early warning system which
managing the Bank’s day-to-day cash flow and liquidity position, provides alerts of any looming liquidity crisis, from both internal
monitoring money market conditions and interest and exchange and external factors, that will allow for the prevention of liquidity
rate movements and forecasting rate trends, as well as risk crises and/or for proactive liquidity risk management. The
executing liquidity management strategies in accordance with Bank conducts liquidity-risk stress tests whereby the stress
ALCO guidelines. The Market Risk unit of the Risk Management scenarios incorporate both internal and external liquidity risk
Division is responsible for identifying, assessing, monitoring, factors. Liquidity-risk stress scenarios can be classified into three
reporting and controlling liquidity risks against specified limits. categories: (i) bank-specific crisis; (ii) market-wide crisis; and
The Market Risk unit reports to ALCO regularly, at least once a (iii) a combination of both. Under each stress scenario, the
month. assumptions of cash inflows and outflows are specified differently
from those under the business-as-usual scenario, such as
 Bangkok Bank Public Company Limited | Annual Report 2018

abnormal customer deposit withdrawals and overdraft External factors are:

drawdowns, inaccessibility to the money market, sales of the • Actions by outsiders such as theft or embezzlement of
Bank’s liquid assets at below-market prices due to the decrease assets or data, money laundering, etc.
in market liquidity of such assets, and contingent support for • Catastrophes, natural disasters and civil disorders that
companies in the financial group. The results of liquidity-risk might cause damage to the Bank’s assets.
stress tests performed in 2018 showed that the Bank has • New laws and regulations, or changes to laws and
continued to maintain a sufficient amount of excess liquidity regulations, in Thailand and overseas which are likely to
under all three crisis scenarios. become more demanding.

The Bank has a liquidity contingency plan that outlines the roles The Bank understands that good operational risk management
and responsibilities of management and relevant departments, is vital to sustainable business success, particularly in the
as well as having early-warning indicators and an action plan current environment where uncertainties, both domestic and
that enables the Bank to promptly cope with crisis events and international, prevail. The Bank therefore places great
successfully restore the situation to normal. In addition, the Bank importance on effective operational risk management that
has its Global Medium Term Notes (GMTN) Program which provides sufficient coverage for all aspects of its operations,
enables the Bank to access medium and long-term funding from and is well prepared to deal promptly with any unpredictable
the capital market in a timely and flexible manner. event, including compliance with regulations in Thailand and
overseas which has become more demanding.

6) Operational Risk Furthermore, the Bank pays close attention to quality of customer
service and customer care, suitability of products and services 67
Operational risk is the risk of loss from failed or inadequate sold, reinforcement in system security, information systems, and
internal processes, people and systems, or from external events. all electronic/digital channels as well as risk management of
This includes legal risks, but does not include strategic risks fraud related to bank products and services such as credit
and reputation risks. cards, ATM cards and electronic services to ensure customer
confidence. In relation to new product and service launches,
Operational risk factors are primarily composed of internal the product and service risks must be well analyzed, assessed
factors and external factors. and controlled to be at the acceptable level, and the appropriate
risk control procedures must be in place.
Internal factors are:
• The efficiency of the Bank’s internal processes and The Bank’s operational risk management includes defining,
internal control systems, including operational processes assessing, monitoring, mitigating and controlling risk. Each unit
supporting business operations and processes for taking in the Bank is directly responsible for managing its operational
care of its personnel. risk and for establishing measures to mitigate, monitor and
• The adequacy, qualifications and efficiency of the Bank’s control the risk to the designated level by allocating appropriate
personnel, including efficiency in the quality of customer resources and establishing an organizational culture for
service and customer care, understanding of the Bank’s managing operational risk.
products and services that tend to become more
complex, and the suitability of products and services A key principle underlying the Bank’s operational risk
sold to customers. management is to educate staff throughout the Bank by
• The Bank’s operating systems, in terms of their capability providing them with a consistent understanding of operational
to support the Bank’s business operations; and their risk, and to cultivate a sustainable operational risk culture as
complexity which may inflict risks. part of day-to-day business activities across the Bank through
Operational Risk Management Tools, e.g. Risk Control
 Annual Report 2018 | Bangkok Bank Public Company Limited

Self-assessment (RCSA), so that they are able to accurately and 7) Information Technology Risk
completely identify the operational risks, assess the risks,
analyze details of the risks, assess the effectiveness of controls, Information Technology (IT) Risk is the risk of losses from
find appropriate solutions to mitigate risks, and implement the inadequacy or inefficiency in managing security, confidentiality,
selected solutions to minimize risks. This is followed by the integrity, and availability of IT systems, data and IT infrastructure,
systematic monitoring of progress, the measurement of potential as well as the management of IT third-party, IT resilience and
risks, e.g. Risk Monitoring Information (RMI) and Loss Data continuity, and IT projects.
collection, and the use of reporting systems as key elements of
compiling and analyzing preventive and control measurements, Key IT risk factors of the Bank are composed of internal factors
and/or effectively diminishing the Bank’s operational risk, and and external factors. Internal factors are the Bank’s systems, in terms
regular reviews of the entire process. of their capability and the adoption of technology for the Bank’s
business operations; their complexity which may inflict risks; the
The Bank has the Operational Risk Management Committee issue of system and data security; the accuracy of data
(ORMC), comprising senior executives from various business processing; the development of, and changes in, technologies;
and support units, which is responsible for supporting and and the adequacy of the Bank’s personnel regarding IT risk
overseeing the functioning of the Bank’s operational risk awareness and understanding, including malicious and
management and business continuity management to comply inadvertent insiders. External factors are more diversified, rapid
with the Bank’s policy. and complex form of cyber risk or IT threat. Moreover, current
risks from changes in the business-chain environment relying
The Bank has a dedicated unit for operational risk management on technology and data security management in operating
68 under its Risk Management Division, which is responsible for businesses become factors for creating business opportunity
the operational risk management system, such as monitoring as well as risk due to the business landscape transforming
and supporting every unit in implementing the operational risk towards the era of digitalization
management framework at the unit level, managing operational
risk at the organization level, reviewing operational risk The Bank is aware of the risks arising from the use of IT and
management in the process of product and service development, the importance of information security and cyber security. The
calculating the capital required for operational risk under the Bank has developed an IT Risk Management Policy and updated
Basel framework, and maintaining and analyzing data on the its Information Security and Cyber Security Policy. Moreover,
operational risk loss data system. The Operational Risk unit the Bank has enhanced the readiness of its IT governance and
coordinates with the Compliance and Audit and Control Division, IT risk management in aligning with the operational risk
by information sharing, and by analyzing and setting controls management framework to strengthen capability in proper IT
to enhance the efficiency of operational risk management and risk management and information security and cyber security
the Bank’s internal controls. throughout the Bank by putting in place a framework for the
following areas: Strengthening cyber security to meet the most
The Bank has implemented Business Continuity Management up-to-date standards; Assessing cyber risk and making
(BCM) to enhance its resilience and its capability in responding appropriate adjustments to the assessment framework according
to unexpected interruptions. The Bank has adopted a BCM to each situation; Regularly building awareness and
Policy which has been approved by the Board of Directors and understanding of cyber security with its staff and customers;
has also defined standards and a BCM framework for developing Developing contingency plans to rapidly and effectively handle
a Business Continuity Plan which is reviewed and updated in different forms of cyber risk to reduce its impact; and
accordance with potential threats, as well as being tested on a Collaborating with external organizations to further strengthen
regular basis. the Bank’s readiness to both effectively prevent and handle
cyber risk.
 Bangkok Bank Public Company Limited | Annual Report 2018

8) Capital Adequacy Risk

Capital is an important source of funding for any financial The Group’s capital position as at December 31, 2018 and
business. Therefore, effective capital management reflects the December 31, 2017 was as follows:
financial strength, and directly affects the reliability, of financial
institutions. Million Baht
Dec 31, 18 Dec 31, 17
Capital structure, according to the regulations on capital Tier 1 capital 390,369 383,942
requirements under the principles of the BOT’s adoption of Basel Common Equity Tier 1 capital 390,309 383,841
III, is revised into Common Equity Tier 1 capital, Additional Additional Tier 1 capital 60 101
Tier 1 capital and Tier 2 capital. Tier 2 capital 36,194 35,638
Total capital 426,563 419,580
• Common Equity Tier 1 capital comprises:
1) Paid-up share capital Capital adequacy risk factors cover the type, quantity and quality
2) Premium (discount) on common shares of the Bank’s risk assets as well as the Bank’s earnings’
3) Legal reserves capacity. In times of severe economic and financial difficulties,
4) Reserves appropriated from net profit the quality of the Bank’s assets, including its investments, may
5) Retained earnings after appropriations deteriorate. The value of the Bank’s assets and/or investments
6) Non-controlling interest classified as Common Equity and/or collateral may also decline, thereby increasing the Bank’s
Tier 1 risk weighted assets. As a consequence, the Bank’s earnings
7) Other reserves may also be affected, resulting in a reduction of capital and 69
8) Deductions such as intangible assets leading to a corresponding decline in its capital adequacy ratio.
• Additional Tier 1 capital consists of non-controlling
interest classified as Tier 1 capital The objective of the Bank’s capital management policy is to
• Tier 2 capital consists of: maintain an adequate level of capital to support growth
1) Long-term subordinated debt instruments strategies within an acceptable risk framework, as well as to
subordinated to depositors and general creditors meet regulatory requirements and market expectations.
2) General provisions for normal assets not exceeding
1.25 percent of credit risk-weighted assets In compliance with the BOT’s supervisory review process
3) Non-controlling interest classified as Tier 2 guidelines, the Bank’s capital management process assesses
the overall risk and capital adequacy under the Internal Capital
In adopting Basel III, the BOT has relaxed the new requirements Adequacy Assessment Process (ICAAP). The process covers
by allowing the addition to or deduction from capital at 20 projected assessments of all substantial risks to the Bank’s
percent p.a. to be implemented in phases from 2014 to 2018. operations, so that the Bank can effectively manage its risks
For subordinated debt instruments classified as Tier 2 which do and have a sound capital base for business operations under
not meet the criteria for qualification under Basel III regarding normal and stress scenarios
capability for loss absorbency of the Bank at the point of
non-viability, i.e. they are not convertible to common shares or The Standardised Approach (SA) is currently used to measure
cannot be written off upon the authority’s decision to provide credit risk, market risk and operational risk for computing
financial support to the Bank, the BOT requires capital to be regulatory capital requirements under the BOT’s Basel III.
phased out at 10 percent p.a. from 2013 to 2022.
 Annual Report 2018 | Bangkok Bank Public Company Limited

Under the principles of Basel III, the BOT requires that must be more than 7.50, 9.00 and 11.50 percent, respectively,
commercial banks registered in Thailand and their groups must of the total risk-weighted assets. And from January 1, 2020,
maintain three minimum capital adequacy ratios: a Common Common Equity Tier 1 ratio, Tier 1 ratio and total capital ratio
Equity Tier 1 capital adequacy ratio of no less than 4.50 must be more than 8.00, 9.50 and 12.00 percent, respectively,
percent, a Tier 1 capital adequacy ratio of no less than 6.00 of the total risk-weighted assets.
percent, and a total capital adequacy ratio of no less than
8.50 percent. The aforementioned minimum ratios have yet As at December 31, 2018, the Group’s Common Equity
to include the Capital Conservation Buffer which the BOT Tier 1 capital adequacy ratio, its Tier 1 capital adequacy ratio
is phasing in with an additional capital ratio of more than and its total capital adequacy ratio were 16.43 percent,
0.625 percent p.a. that began on January 1, 2016 rising in 16.43 percent and 17.96 percent, respectively, whereas at
increments to more than 2.50 percent on January 1, 2019. December 31, 2017 the ratios were 16.62 percent, 16.63 percent
Moreover, the BOT requires the Bank, which is classified and 18.17 percent, respectively. Consequently, the Bank’s
as a D-SIB, to have additional capital to meet the Higher capital is at a level that provides such additional buffers.
Loss Absorbency (HLA) requirement, which raises the required
Common Equity Tier 1 ratio by 1.00 percent, beginning with
a 0.50 percent increase from January 1, 2019 followed by
a 1.00 percent increase from January 1, 2020 onwards.
Consequently, a Common Equity Tier 1 capital adequacy ratio
of more than 6.375 percent, a Tier 1 capital adequacy ratio
of more than 7.875 percent, and a total capital adequacy ratio
70 of more than 10.375 percent are required to be maintained
from January 1, 2018. Effective from January 1, 2019,
Common Equity Tier 1 ratio, Tier 1 ratio and total capital ratio

16.62% 16.63% 18.17%

16.43% 16.43% 17.96%
5.750% 7.250% 9.750%
6.375% 7.875% 10.375%
8.000% 9.500% 12.000%

BOT’s requirements for 2020

BOT’s requirements for 2018

BOT’s requirements for 2017

The Group’s ratio as of

December 31, 2018

The Group’s ratio as of

December 31, 2017

COMMON EQUITY TIER 1 TIER 1 CAPITAL TOTAL CAPITAL

CAPITAL ADEQUACY RATIO ADEQUACY RATIO ADEQUACY RATIO
 Bangkok Bank Public Company Limited | Annual Report 2018

+ CORPORATE GOVERNANCE

71

Bangkok Bank recognizes the importance of good corporate

governance as a major factor in enhancing the efficiency of the
organization. The Bank therefore conducts its business in line with
the principles of good corporate governance, which form a basis
for sustainable growth. In order to maintain the Bank’s solid
financial status, to achieve ongoing positive performance results
and to sustain its good reputation, the Bank is committed to
conducting its business in a prudent manner by setting up
sufficient and appropriate internal controls and risk management
systems in accordance with the principles of good corporate
governance.
 Annual Report 2018 | Bangkok Bank Public Company Limited

Corporate Governance Policy Overseeing the Financial Business Group of the

The Bank believes that the corporate governance policy, a code Bank
of conduct and business ethics, are important bases for The Bank oversees the operations of the companies in the Bank’s
strengthening and enhancing good governance. Therefore, the financial business group, according to the Notification of the Bank
Bank has established a corporate governance policy and a code of Thailand regarding Guidelines on Consolidated Supervision,
of conduct and business ethics for directors, executives and which includes approval for the Bank to establish its financial
employees in writing which has been approved by the Board of business group. In this respect, the Bank arranged for the
Directors. The Bank has also publicized its corporate governance oversight of risks of the financial business group as a whole, the
policy and code of conduct and business ethics on the Bank’s supervision of adequacy and efficiency of processes in the key
website. control functions, the control and ensuring of the compliance of
companies in the financial business group with the stipulated
The Bank aims to ensure that those who have relationships with policies and relevant regulatory rules and regulations, and the
the Bank are aware, understand, accept and adhere to the values establishment of intra-group transactions policy. The Bank also
of corporate governance and consistent compliance with the assigned its directors or executives to hold director position in the
corporate governance policy so that such compliance becomes companies in the financial business group.
part of organizational culture.

72 Reporting good corporate governance reflects a commitment by Supervision of Inside Information Usage
the Board of Directors to supporting, encouraging and monitoring The Board of Directors set criteria on the Supervision of Inside
the implementation of the corporate governance policy and code Information Usage and disseminated the criteria to the Bank’s
of conduct and business ethics, adjusted to suit the Bank’s directors, executives and employees for their information and
environment and situation, as well as reviewing and revising to observance. The criteria includes a prohibition from using
ensure they remain appropriate. information affecting the price of securities of listed companies,
which is known to them but not yet disclosed to the public, for
their own or third parties’ benefits; a prohibition on directors,
Committees executives and personnel involved with the preparation of
The Bank has presented detailed information regarding financial statements from buying or selling, offering to buy or
Committees under “Implementation of the Principles of Good sell, or advising others to buy or sell the Bank’s securities during
Corporate Governance” section 3, topic: “Strengthen Board a period of one month prior to, and three days after, the
Effectiveness”. disclosure of the Bank’s quarterly financial statements, etc.

In addition, directors and top-level executives are required to

Nomination and Appointment of the Directors and report changes in their holdings of the Bank’s shares to the Office
Top-level Executive Management of the Securities and Exchange Commission, with notification to
The Bank has presented detailed information regarding the the Corporate Secretary within three working days from the day
nomination and appointment of directors and top-level executive of such changes. The Corporate Secretary will present the report
management in the “Implementation of the Principles of Good on changes in directors’ holdings of securities to the Board of
Corporate Governance” section 3, topic: “Strengthen Board Directors’ meeting.
Effectiveness”, and section 4, topic: “Ensure Effective Chief
Executive Officer and People Management”.
 Bangkok Bank Public Company Limited | Annual Report 2018

Remuneration of the Auditor Mission

The Bank has a financial mission, market and customer mission,
The Bank has presented information regarding remuneration of
quality operational mission, and capability mission, as described
the auditor under topic (5): “General Information”.
below:
Financial Perspective
• To attain stable growth in financial performance
Implementation of the Principles of Good Corporate Market and Customer Perspective
Governance • To maintain business leadership with service excellence
The Board of Directors has reviewed the implementation of the Quality Operations Perspective
Corporate Governance Code for Listed Companies 2017 (the “CG • To have efficient working systems and quality control
Code”), by applying the CG Code to the Bank’s business. The procedures
Bank’s implementation of the CG Code is as briefed below. • To set standards for work processes and be able to use
data from these processes to support decision-making
1. Establish Clear Leadership Role and Capability Perspective
Responsibilities of the Board of Directors • To equip the Bank’s staff with the ability and potential
The Board of Directors recognizes the duties and responsibilities to support the Bank’s business expansion
to oversee and ensure the Bank’s good governance,
competitiveness, sustainable growth under changing Core Value
environments, positive performance, creation of value-added The Bank’s core value, which enables the Bank to continuously 73
for business and shareholders, consideration of ethical business maintain its position as the country’s leading bank and which all
behavior and stakeholders in various groups, and responsibility employees of the Bank are required to recognize and uphold in
for society and the environment. their individual conduct in all circumstances, is to provide quality
financial services which satisfy customers in keeping with the
The Board of Directors has a responsibility to perform duties with Bank’s role as a “Trusted Partner and Reliable Close Friend”. The
care and honesty, and to oversee and ensure that the Bank’s core value embraces the following working philosophies:
operation is in compliance with the law, the Bank’s objectives and • To provide excellent quality service from the customer’s
Articles of Association, and the resolutions of the shareholders’ point of view
meetings. • To provide quality work
• To perform duties as ethical and professional bankers
2. Define Objectives that Promote Sustainable Value • To work as a team with shared goals
Creation • To give importance to personnel development
The Board of Directors reviewed and approved the vision, mission
and core value of the Bank as described below: The Board of Directors has set a long-term strategy and
business plan as a framework for the Bank’s internal operating
Vision units by taking into account economic factors, policies of the
To be a bank which provides quality financial services in line with government sector and future trends; has coordinated with
customers’ requirements, and is well equipped with qualified management in setting an annual strategy and business plan
human resources and world-class technology and working in line with the Bank’s objectives by taking into account the
systems, while maintaining its status as a well-established economic conditions, business environment and risk factors, to
international bank and a leading Asian bank. enable the Bank’s business to meet the determined goals; and
has ensured that resources are allocated sufficiently for the Bank
to follow its business plan.
 Annual Report 2018 | Bangkok Bank Public Company Limited

3. Strengthen Board Effectiveness duties and responsibilities for day-to-day administration according
The Board of Directors comprises directors with a wide range to the delegated authority framework.
of knowledge, capability, skills and expertise covering banking
and finance, business administration, law, and information Committees
technology, which are beneficial to the Bank’s business. Each The Board of Directors has set up committees to screen matters
director is respected for his/her leadership. to be submitted and provide opinions to the Board of Directors as
well as monitor and oversee the Bank’s operations as assigned
As of December 31, 2018, the Bank’s Board of Directors has by the Board of Directors for the purpose of the Board of Directors’
seventeen members. Seven out of the total number of directors effective performance of its duties. The committees must report
are independent directors, namely Admiral Prachet Siridej, Mr. their progress to the Board of Directors on a regular basis. These
Kovit Poshyananda, H.S.H Prince Mongkolchaleam Yugala, Mr. committees include the Board of Executive Directors, the Audit
Phornthep Phornprapha, Mrs. Gasinee Witoonchart, Mr. Arun Committee, the Nomination and Remuneration Committee, and
Chirachavala, and Mr. Chokechai Nijianskul; the number of the Risk Management Committee.
independent directors more than one-third of the total number of
directors. Two out of the total number of directors are non- (a) The Board of Executive Directors
executive directors, namely Mr. Piti Sithi-Amnuai and Mr. Charn Composition and Qualifications
Sophonpanich; and eight out of the same are executive directors, As of December 31, 2018, the Board of Executive Directors
namely Mr. Deja Tulananda, Mr. Amorn Chandarasomboon, Mr. comprised eight members from the Board of Directors. The
Singh Tangtatswas, Mr. Chartsiri Sophonpanich, Mr. Suvarn members of the Board of Executive Directors are:
Thanasathit, Mr. Chansak Fuangfu, Mr. Charamporn Jotikasthira, 1. Mr. Deja Tulananda Chairman of the Board
and Mr. Thaweelap Rittapirom. The Chairman of the Board of of Executive Directors
74 Directors is Mr. Piti Sithi-Amnuai. 2. Mr. Amorn Chandarasomboon Executive Director
3. Mr. Singh Tangtatswas Executive Director
Roles and Duties of the Chairman of the Board of Directors 4. Mr. Chartsiri Sophonpanich Executive Director
The Chairman of the Board of Directors and the Chairman of the 5. Mr. Suvarn Thansathit Executive Director
Board of Executive Directors are not the same person. Roles and 6. Mr. Charamporn Jotikasthira Executive Director
Duties of the Chairman of the Board of Directors are as follows: 7. Mr. Chansak Fuangfu Executive Director
1. To determine the Board of Directors meeting agenda 8. Mr. Thaweelap Rittapirom Executive Director
2. To call the Board of Directors meeting and to ensure that the
directors have received the notice of meeting and adequate Authority and Responsibility
documents related to the meeting 1. To perform duties as assigned by the Board of Directors,
3. To chair the Board of Directors meeting, conduct the meeting including approval of loans, troubled debt restructuring and
according to the agenda, and allocate adequate time for the investment, as well as conducting any other normal businesses
presentation of each agenda item and the discussion among or activities related to the Bank’s operations
directors on each issue presented at the meeting, as well as 2. To scrutinize matters requiring the approval of the Board of
encourage directors to freely express their opinions Directors or the shareholders’ meeting in accordance with
4. To chair the shareholders’ meeting and to control the meeting legal requirements or the Bank’s Articles of Association, such as
to be in line with the agenda and the Bank’s regulations by business targets, policies, operational plans and the issuance
allocating appropriate time to each agenda item and giving of the Bank’s securities, etc
shareholders equal opportunities to ask questions and express
their opinions as well as managing the response to Meetings
shareholders’ questions The Board of Executive Directors holds meetings regularly to
5. To encourage good relationships between the directors consider various matters as assigned.
The Chairman of the Board of Executive Directors will act as a
chairman of the Executive Board of Directors meeting, and has Reporting
The Board of Executive Directors reports to the Board of Directors.
 Bangkok Bank Public Company Limited | Annual Report 2018

(b) The Audit Committee of the Stock Exchange or any laws pertaining to the business
Objectives of financial institutions
To assist the Board of Directors with regard to the auditing of 6. To review compliance with the relevant laws and regulations
financial reports, internal controls and internal audits, and to select with respect to connected transactions or transactions with
and work in coordination with the Bank’s external auditors. potential conflicts of interest, to ensure such transactions are
reasonable, that they provide optimal benefit to the Bank, and
Composition and Qualifications that the disclosure of related information is accurate and
As of December 31, 2018, the Audit Committee comprises four complete
independent members of the Board of Directors, with expertise in 7. To call for documents and data, or to summon the management
various fields, namely accounting, finance and organizational and personnel from various operating units of the Bank, to
management. The Audit Committee has tenure of two years and provide clarification on relevant matters within the scope of the
the members are: Audit Committee’s duties
1. Admiral Prachet Siridej Chairman of 8. To produce and publish the Audit Committee’s report, which
the Audit shall be signed by the Chairman of the Audit Committee, as
Committee part of the Bank’s Annual Report
2. H.S.H. Prince Mongkolchaleam Yugala Member of the 9. To report to the Board of Directors any findings or suspicious
Audit transactions found by the Audit Committee, which may have
Committee material impact on the Bank’s financial status and/or
3. Mrs. Gasinee Witoonchart Member of operational results, in order for them to be rectified within a
the Audit stipulated timeframe
Committee 10. To hire specialists in specific areas to provide expert advice
4. Mr. Arun Chirachavala Member of the as the Audit Committee deems appropriate 75
Audit 11. To perform any other tasks as assigned by the Board of
Committee Directors with the consent of the Audit Committee

Authority and Responsibility Meetings

1. To ensure correct and sufficient financial reporting, and to work The Audit Committee schedules meetings at least once every three
in coordination with the external auditors and the executive in months to scrutinize matters as assigned by the Board of Directors.
charge of financial reports preparation In 2018, the Audit Committee held a total of 17 meetings.
2. To ensure that the Bank has adequate and effective internal
control and audit systems by reviewing and assessing those Reporting
systems with internal auditors as well as external auditors, and The Audit Committee has a duty to report its performance to the
to consider the independence of an internal audit unit as well Board of Directors, and produce and publish its report as part of
as to give approval to the appointment, transfer, remuneration, the Bank’s Annual Report.
assessment and termination of employment of the manager
of Audit and Control Division (c) The Nomination and Remuneration Committee
3. To approve the annual audit plan and any significant changes Objectives
to the plan and ensure that the Audit and Control Division has To select and nominate suitable persons for appointment as
appropriate resources, including human resources, to perform directors, members of various committees, and top-level
and meet the objectives of the duties assigned, and also has executives, as well as considering and fixing appropriate
access to any information and documents needed for the remuneration thereof.
performance of such duties without limitation or restriction
4. To consider, select and nominate independent individuals as Composition and Qualifications
external auditors and propose their remuneration for approval, As of December 31, 2018, the Nomination and Remuneration
as well as to attend non-management meetings with external Committee comprises three members of the Board of Directors,
auditors at least once a year two of whom are independent directors. The Chairman of
5. To ensure that the Bank complies with all relevant regulations the Nomination and Remuneration Committee is an independent
and laws on securities and the Stock Exchange, regulations
 Annual Report 2018 | Bangkok Bank Public Company Limited

director. The Nomination and Remuneration Committee has tenure Meetings

of two years and the members are: The Nomination and Remuneration Committee schedules meetings
1. Mr. Kovit Poshyananda Chairman of the Nomination at least twice a year to scrutinize matters as assigned by the Board
and Remuneration of Directors. In 2018, the Nomination and Remuneration Committee
Committee held a total of 11 meetings.
2. Mr. Amorn Chandarasomboon Member of the Nomination
and Remuneration Reporting
Committee The Nomination and Remuneration Committee has the duty of
3. Mr. Phornthep Phornprapha Member of the Nomination reporting its performance to the Board of Directors.
and Remuneration
Committee (d) The Risk Management Committee
Objectives
Authority and Responsibility To oversee and ensure that the Bank’s risk management is
1. To determine the following policies: systematic and comprehensive, efficient and effective, maximizes
(1) Policy, criteria and methodology for selecting directors value to the Bank and is in line with the Bank’s strategic plan and
and top-level executives from the level of Executive overall risk management policy.
Vice President upwards
(2) Policy and criteria for the consideration of the remuneration Composition and Qualifications
and other benefits including the amount of the remuneration As of December 31, 2018, the Risk Management Committee
and other benefits for the directors and top-level executives comprises four members, namely:
from the level of Executive Vice President upwards. The above 1. Mr. Singh Tangtatswas Chairman of the Risk
policies are to be proposed to the Board of Directors for Management Committee
approval. 2. Mr. Charn Sophonpanich Member of the Risk
76 2. To select, nominate and submit for approval by the Board of Management Committee
Directors persons with appropriate qualifications to be 3. Mr. Amorn Chandarasomboon Member of the Risk
appointed to the following positions: Management Committee
(1) Directors 4. Mr. Suvarn Thansathit Member of the Risk
(2) Members of the various committees who are assigned Management Committee
duties and responsibilities directly by the Board of
Directors Authority and Responsibility
(3) Top-level executives from the level of Executive Vice 1. To establish a risk management policy and propose to the
President upwards Board of Directors the policy for overall risk management
3. To review the size and structure of the Board of Directors to covering major risks such as credit risk, market risk, liquidity
ensure that it is suitable for the organization and in line with risk, operational risk and reputation risk, etc.
the changing environment, as well as to ensure that the Board 2. To formulate risk management strategies that are in line with
of Directors comprises persons with a range of knowledge, the Bank’s risk management policy so as to be able to assess,
ability and experience in different areas monitor and maintain the Bank’s risks at an appropriate level
4. To ensure that the directors and top-level executives, from the 3. To review the adequacy of the risk management policy and
level of Executive Vice President upwards, obtain remuneration systems, including the efficiency of the systems and
commensurate with their duties and responsibilities to the compliance with the policy
Bank. Those directors who have been assigned increased 4. To provide advice to the Board of Directors on improvements
duties and responsibilities receive higher remuneration in order to comply with the policy and strategies as set by the
accordingly Board of Directors
5. To establish performance appraisal guidelines for determining
annual remuneration increases for directors and top-level Meetings
executives from the level of Executive Vice President upwards. The Risk Management Committee schedules meetings at least
The guidelines take into account the individual’s duties and once every three months. In 2018, the Risk Management
responsibilities and associated risks as well as their Committee held a total of 12 meetings.
contribution to the long-term growth of shareholders’ equity
6. To report on the work of the committee as part of the Bank’s
Annual Report
 Bangkok Bank Public Company Limited | Annual Report 2018

Reporting
The Risk Management Committee has a duty to report its performance to the Board of Directors.
The summary of the Board of Directors’ meetings in 2018 is as follows:
No. of meetings attended
Nomination and Risk Management
Board of Directors Audit Committee Remuneration
Name Committee Total: 12
Total: 12 meetings Total: 17 meetings Committee Total: 11 meetings
meetings
1. Mr. Chatri Sophonpanich/1 2
2. Mr. Piti Sithi-Amnuai 12
3. Mr. Deja Tulananda 12
4. Admiral Prachet Siridej 11 17
5. Mr. Kovit Poshyananda 11 11
6. Mr. Singh Tangtatswas 11 11
7. Mr. Amorn Chandarasomboon 12 11 12
8. H.S.H. Prince Mongkol- Yugala 12 14
chaleam
9. Mr. Pornthep Phornprapha 11 10
10. Mr. Charn Sophonpanich 11 12
77
11. Mrs. Gasinee Witoonchart 12 13
12. Mr. Arun Chirachavala 12 16
13. Mr. Chokechai Niljianskul 11
14. Mr. Chartsiri Sophonpanich 12
15. Mr. Suvarn Thansathit 12 10
16. Mr. Chansak Fuangfu 10
17. Mr. Charamporn Jotikasathira 11
18. Mr. Thaweelap Rittapirom 12

Remarks: /1 Mr. Chatri Sophonpanich passed away on 24 June 2018.

In 2018, most directors attended more than 75 percent of the total controlling person of the Bank, provided that shares held by
number of the Board of Directors’ meetings. such independent director shall also include shares held by
any related person of the said independent director
Independent Directors 2. Is not or has not been a director who participates in the
The Bank has a process for nominating independent directors, by management of the business, an employee, officer or advisor
having the Nomination and Remuneration Committee select and who receives a salary from, or the controlling person of the
screen persons possessing qualifications required by the Capital Bank or the parent company, subsidiary, affiliate or same-level
Market Supervisory Board, as follows: subsidiary company, a major shareholder or controlling person
1. Holds shares in an amount not exceeding one percent of the of the Bank, except in the case where such status has ended
total number of shares with voting rights of the Bank or the for not less than two years
parent company, subsidiary, affiliate, major shareholder or
 Annual Report 2018 | Bangkok Bank Public Company Limited

3. Is not related to any other director, executive, major providing such professional services, except in the case where
shareholder, controlling person or any person nominated to such status has ended for not less than two years
be a director, executive or controlling person of the Bank or 7. Is not a director appointed to be a representative of any other
any subsidiary either as parent, spouse, sibling, child or director of the Bank or a major shareholder, or a shareholder
spouse of a child, whether such relationship is by blood or by related to a major shareholder of the Bank
legal registration 8. Does not carry on business of the same nature and in
4. Does not have nor used to have a business relationship with competition with the business of the Bank or its subsidiary and
the Bank or the parent company, subsidiary, affiliate, major is not a significant partner in a partnership or a director who
shareholder or controlling person of the Bank, such that it may participates in the management of the business, or an
interfere with the independent judgment of such independent employee, officer or advisor who receives a salary, or holds
director and is not nor used to be, a significant shareholder shares in the amount exceeding one percent of the total
or controlling person of any person with a business relationship number of shares with voting rights of another company
with the Bank or the parent company, subsidiary, affiliate, engaging in business of the same nature and in significant
major shareholder or controlling person of the Bank, except competition with the business of the Bank or its subsidiary
in the case where such status has ended for not less than two 9. Does not have any other characteristics which would impact
years the ability to express independent opinions regarding the
The term “business relationship” in the foregoing paragraph Bank’s business operations
shall include normal business transactions, rental or lease of
Nomination of Directors
immovable property, transactions relating to assets or services,
The Board of Directors has authorized the Board’s Nomination
providing or receiving financial assistance through loans,
and Remuneration Committee to be responsible for the nomination
78 guarantees, or providing assets as collateral, or any other
of candidates for appointment as directors.
similar actions which result in the Bank or the counterparty
becoming indebted to the other party in the amount equal to
The Nomination and Remuneration Committee is responsible for
three percent or more of the net tangible assets of the Bank
nominating, selecting and screening qualified individuals to be
or Baht 20 million, whichever is lower. The method for the
nominated to serve as directors according to the processes and
calculation of the value of connected transactions under the
principles determined by the Board of Directors. The consideration
Notification of the Capital Market Supervisory Board shall apply
will be based on the person’s honesty, accountability and ethics;
to the calculation of such indebtedness, mutatis mutandis,
the qualifications pursuant to the requirements of the Bank of
provided that all indebtedness incurred during the period of
Thailand, Capital Market Supervisory Board, Office of the Securities
one year prior to the date of such business relationship shall
and Exchange Commission, and other relevant authorities; and
also be included
the knowledge, ability, expertise and skills in particular fields which
5. Is not or has not been an auditor of the Bank or the parent
are necessary and beneficial to the Bank’s business, by using the
company, subsidiary, affiliate, major shareholder or controlling
Board Skill Matrix to set out the required qualifications of directors.
person of the Bank, and is not a significant shareholder,
In nominating directors to replace the directors retiring by rotation,
controlling person or partner of the audit firm employing the
consideration will also be based on their performance in the past.
external auditor of the Bank or the parent company, subsidiary,
In addition, the Nomination and Remuneration Committee also
affiliate, major shareholder or controlling person of the Bank,
considers the structure, composition and size of the Board of
except in the case where such status has ended for not less
Directors in order that the Board of Directors will be of a suitable
than two years
size and structure, and have members of diverse sex, age,
6. Is not or has not been a provider of any professional services
knowledge, skills, expertise and experiences, suitable for the
which include being a legal advisor or financial advisor, and
Bank’s business, without regard to race or religion.
receiving service fees exceeding Baht 2 million per year from
the Bank or the parent company, subsidiary, affiliate, major The Bank will propose the person who has undergone the
shareholder or controlling person of the Bank, and is not a consideration process to the Bank of Thailand for its consideration
significant shareholder, controlling person or partner of the firm and approval for appointment as a Bank director.
 Bangkok Bank Public Company Limited | Annual Report 2018

Appointment of the Bank’s Directors Directorship in Other Companies of Directors

According to the Bank’s Articles of Association, at every annual To ensure that directors contribute time and capabilities efficiently,
ordinary meeting of shareholders, one-third of the total number of the Bank has determined criteria on the number of directorships
the directors of the Bank shall retire. If the number of directors is in other companies in compliance with the requirements of the
not a multiple of three, the number of directors nearest to one-third Bank of Thailand regarding Corporate Governance of Financial
shall retire. The directors who have been in office longest shall Institutions and the principles of good corporate governance,
retire first. Retired directors may be re-elected. which are that the Bank’s directors may assume one or more of
the positions of chairman of board of directors or executive director
At the shareholders’ meeting to consider appointing directors, the
of other companies in not more than three business groups; and
voting criteria are as provided below.
that they may serve as directors of other listed companies both
(a) One shareholder shall have one vote for each share
on local and international stock exchanges, limited to not more
(b) Vote casting shall be for each person individually; in casting
than five listed companies.
votes, each shareholder shall exercise all his/her votes for
election but shall not allot the votes to any person in any Self-assessment of the Board of Directors
number. The Board of Directors assesses their performance of duties on
(c) Persons receiving the most votes are those who are elected an annual basis. The purpose of the assessment is for the Board
to be directors, in descending order, to the number of directors of Directors to review their performance in the past year, including
who are to be elected. If there is a tie in the last to be elected problems and obstacles that arise, and use the assessment results
and this exceeds the said number of directors, the presiding to improve and develop their performance to increase the
Chairman shall have an additional casting vote efficiency of the Board of Directors.
In case of a vacancy on the Board of Directors other than by There are two methods of assessment of performance of the Board 79
rotation – such as death, resignation, being removed by court of Directors: (1) Self-assessment on both a collective and individual
order, lack of qualifications or being subject to prohibition under basis; and (2) Cross-assessment for assessing the performance
the law – the Board of Directors can appoint a qualified person of other directors. Both assessment methods use the assessment
as a replacement director at the next meeting of the Board of forms approved by the Board of Directors.
Directors unless the remaining duration of the director’s term of
Main topics in the self-assessment form of the Board of Directors
office is less than two months. The person who has been appointed
on a collective basis consist of (1) Structure and qualifications of
as a replacement director will be in that position only for the
the Board of Directors; (2) Roles, duties and responsibilities; (3)
remainder of the term. The appointed director has to receive the
Meetings; (4) Performance of the duties of directors; (5)
votes of not less than three-quarters of the number of remaining
Relationship with management; and (6) Self-development of
directors.
directors and development of executives.
Remuneration of Directors
The Bank has established policies, criteria and methods for Main topics in the self-assessment form of the Board of Directors
determining the remuneration of directors commensurate with their on an individual basis consist of (1) Structure and qualifications
individual assigned duties and responsibilities by taking into of the Board of Directors; (2) Meetings; and (3) Roles, duties and
account relevant factors. These factors include the level of responsibilities.
remuneration provided by leading financial institutions in Thailand
and in the region; the level of remuneration provided by leading Main topics in the assessment form for cross-assessment consist
listed companies in Thailand; the duties, responsibilities and of (1) Consistency of meeting attendance; (2) Preparation for
related risks undertaken; the performance of the Bank’s Board of meeting attendance; (3) Provision of comments at meetings; (4)
Directors; the Bank’s operating results; the business environment; Collaboration; and (5) Representing the Bank in presenting images
and other factors that may affect the Bank’s business or the overall of the Bank to third parties.
economy.
The Corporate Secretary will submit the assessment forms for
directors to conduct the assessments, and the Nomination and
 Annual Report 2018 | Bangkok Bank Public Company Limited

Remuneration Committee will process and summarize, and report, The Bank recognizes the importance of regularly and continuously
the assessment results to the Board of Directors. encouraging and supporting the knowledge development of its
directors and executives at various levels, which includes training
Self-assessment of the Committees and seminars to enhance their practical knowledge.
The Board of Directors specified that all committees, namely the
Audit Committee, the Board of Executive Directors, the Nomination The Bank supports its directors in attending training courses that
and Remuneration Committee, and the Risk Management are useful in assisting them to perform their duties as directors. In
Committee, have to complete an annual self-assessment form. addition, the Bank regularly supports activities for the development
The purpose of the assessment is for each committee to review of directors and executives at various levels — for example, it
their performance in the past year and to use the assessment provides training courses, seminars and lectures by knowledgeable
results as guidelines to improve their performance. speakers from outside the Bank, etc.

In assessing performance, each committee used the self- The directors who have passed the Director Certification Program
assessment method on a collective basis, by using the assessment training courses run by the Thai Institute of Directors Association
form prepared within the framework of duties and responsibilities are Mr. Piti Sithi-Amnuai, Admiral Prachet Siridej, Mr. Singh
for each committee. The assessment form was agreed upon by Tangtatswas, Mr. Amorn Chandarasomboon, H.S.H. Prince
the Board of Directors. The secretary of each committee proposed Mongkolchaleam Yugala, Mrs. Gasinee Witoonchart, Mr. Arun
the self-assessment forms to each respective committee to Chirachavala, Mr. Charamporn Jotikasathira, Mr. Chokechai
conduct the assessment, then processed and summarized, and Niljianskul, Mr. Chartsiri Sophonpanich, Mr. Suvarn Thansathit, and
proposed, the assessment results to the committee for reporting Mr. Thaweelap Rittapirom. The directors who have attended the
80 to the Board of Directors. Director Accreditation Program include Mr. Kovit Poshyananda,
Mr. Phornthep Phornprapha, and Mr. Chansak Fuangfu.
Development of Directors
The Bank hosts an orientation program for newly-appointed The Bank encouraged directors to participate in training courses
directors by introducing them to directors, providing information or seminars related to their duties and also courses or seminars
and documents related to the operations of the Bank, Articles of that will encourage them to continuously learn and develop
Association, and roles and responsibilities of directors according themselves in various areas. In 2018, major trainings or seminars
to the relevant rules and regulations in order for the newly- attended by directors included:
appointed directors to understand the Bank’s business and
the roles of directors.

Date Topic Name of Director who attended

27-28 March 2018 IT Governance and Cyber Resilience Program (ITG), 7/2018 Mr. Charamporn Jotikasathira
23 May 2018 Good IT Governance: Risk Management and Data Responsibility Mr. Amorn Chandarasomboon
27 June 2018 Digitalization and Challenges to Accountants 4.0 Mr. Arun Chirachavala
23-25 July 2018 Strategic Board Master Class (SBM), 4/2018 Mr. Piti Sithi-Amnuai
21 September - Future Economy and Internet Governance – Executive Program, Mr. Charamporn Jotikasathira
29 November 2018 Class 1 Mr. Chartsiri Sophonpanich
22-23 October 2018 SIBOS 2018 Sydney, Australia Mr. Charamporn Jotikasathira
28 November 2018 Preparedness for Automatic Working Process for Accountants in Mr. Arun Chirachavala
Digital Era
 Bangkok Bank Public Company Limited | Annual Report 2018

Corporate Secretary the meeting and, as the chairman of the meeting, provide
The Board of Directors appointed Mr. Aphichart Ramyarupa, who opportunities and encourage directors to freely express their
has suitable qualifications, as the Bank’s Corporate Secretary. Mr. opinions.
Aphichart has experience from his role as the Secretary to the
Board of Directors and has successfully completed the Director Apart from the Board of Directors’ meeting, the Corporate
Certification Program (DCP) training arranged by the Thai Institute Secretary also arranges meetings among independent directors
of Directors Association, as well as possessing qualifications from time to time to exchange ideas and opinions on issues related
pursuant to criteria prescribed in the Securities and Exchange to internal management, and will thereafter inform the President
Act. The Corporate Secretary is charged with duties and of the issues and comments from the meetings.
responsibilities, as follows:
1. Matters relating to meetings such as organizing meetings of 4. Ensure Effective Chief Executive Officer and
the Bank’s Board of Directors and shareholders as well as the People Management
preparation of the meeting’s agenda, invitations to the meeting, In selecting persons to be appointed as top-level executives, from
documents required for the meeting, the annual report, and the Executive Vice President level and above, the Board of
the minutes of the meeting. The Corporate Secretary is also Executive Directors will conduct initial screening by taking into
charged with the duty of implementing the resolutions of the consideration the knowledge, capabilities and expertise which are
shareholders’ meeting such as registering changes to the beneficial to the Bank’s business, as well as leadership,
company’s registration with the Ministry of Commerce, etc. management skills, potentials and readiness to assume the
2. Matters relating to the safe-keeping of records and documents, assigned duties. Then, the Board of Executive Directors will
namely the register of directors, reports on interests filed by propose candidates to the Nomination and Remuneration
directors or executives, documents required for the meeting, Committee to conduct qualification screening and propose 81
and minutes of Board of Directors’ and shareholders’ meetings appointments of the qualified candidates to the Board of Directors
3. Rendering advice and recommendations to the Board of to consider submitting the appointments application to the Bank
Directors for the purpose of compliance with the Articles of of Thailand to approve in advance of proposing the appointments
Association and the relevant laws, rules and regulations as to the Board of Directors for approval.
well as good corporate governance principles
4. Being the contact person to communicate and coordinate with Succession of Top-level Executive Positions
the Office of Securities and Exchange Commission, the Stock The Bank recognizes the importance of selection and development
Exchange of Thailand, the Bank of Thailand, and other relevant of personnel for replacement in the top-level executive positions
government authorities as well as to provide information to the to enable continuity of the Bank’s management. In selecting
said authorities as required by relevant laws, rules and persons with suitable qualifications, the consideration will be based
regulations on their knowledge, skills, attitudes and ideas in terms of strategy,
leadership, accountability and decision-making to solve problems.
The Board of Directors’ Meeting Development and preparation for readiness process will be offered
The Board of Directors holds a regular monthly meeting during to the persons undergone the consideration, by providing them
which schedules for the year will be set and notified to all directors with the management course and courses that provide knowledge
in advance. Each director regularly attends the Board of Directors’ of various fields, both in and outside the Bank, as well as assigning
meetings, except in necessary and uncontrollable cases where them to perform the duties which will inure themselves to learning
directors are unable to do so. and enhance particular job skills and expertise, including skills in
cooperating with other operating units in the Bank.
In each meeting of the Board of Directors, the Corporate Secretary
will send a notice of the meeting together with meeting agenda Directorship in Other Companies of Top-level Executives
and supporting documents of each agenda to directors for The Bank determined criteria on directorship in other companies
studying seven days prior to the meeting, except in the case of in accordance with the requirements of the Bank of Thailand
urgency. The Chairman of the Board of Directors will preside over regarding Corporate Governance of Financial Institutions, which
 Annual Report 2018 | Bangkok Bank Public Company Limited

are that the top-level executives may assume one or more of the In operating responsible business, the Bank has guidelines for
positions of chairman of board of directors or executive director treating stakeholders of various groups as specified below.
of other companies in not more than three business groups; and
that they may serve as directors of other listed companies both Shareholders
on local and international stock exchanges, limited to not more The Bank recognizes that shareholders are the owners of the
than five listed companies. business and have ownership rights, in which case the Bank
observes the rights of shareholders in all groups and ensure that
Remuneration of Top-level Executives they are treated equally.
The Board of Directors has established criteria for determining the
remuneration of the Chairman of the Board of Executive Directors, Customers
President, and top-level executives by taking into account the The Bank treats its customers as the major contributors to the
results of their performance of duties, performance of the Bank, Bank’s success and growth. Bangkok Bank is committed to
remuneration rates of the Bank’s industry peers, and suitability developing and offering them financial products and services of
with economic condition and society, as well as the business a high quality and standard while maintaining good relationships
operation as the financial institution in Thailand. with them as “puan koo kit mit koo baan” (aspiring to be a trusted
partner and reliable close friend). In this regard, the Bank
Assessment of the Performance of the Chairman of the Board has provided knowledgeable and skilled personnel to ensure that
of Executive Directors and the President customers receive the best possible service, as well as providing
The Bank arranged for the assessment of the performance of the coverage with its branch network, business centers and
Chairman of the Board of Executive Directors and the President distribution channels, protecting customer information and
82 by the Board of Directors. The assessment form was prepared in managing and duly rectifying complaints, taking into consideration
accordance with the CEO appraisal guidelines of the Stock due responsibility to its customers.
Exchange of Thailand approved by the Board of Directors. The
main topics in the assessment of the performance of the Chairman Staff
of the Executive Directors and the President include leadership, The Bank recognizes that staff are one of its most valuable assets.
strategy, implementation of strategies, planning and results of the It has therefore taken good care of and promoted the lives and
financial operations, and relationship with directors, etc. well-being of staff based on good relationships and collaboration
between the Bank and staff to support sustainable development
5. Nurture Innovation and Responsible Business and growth of the Bank’s operations. The guidelines are based
The Bank provides an ongoing support for the innovation on good relationships and cooperation between the Bank and
development, study and testing, for using the advanced staff with respect to:
technologies which have been developed within the Bank and
through the building of collaboration with external entities, in order 1) Staff Remuneration and Welfare
to provide the maximum benefit to customers, business alliances, The Bank recognizes and emphasizes that staff are vital to the
and Thai society. To this end, the Bank has formed an Innovation Bank’s operations and provides remuneration to staff according
Department to research and develop technologies and new to their responsibilities and performance. The Bank provides
business models for the Bank, including cooperating with alliances various types of welfare such as medical treatment, health club
in various ways to develop products and services which apply to promote good health, provident funds for staff and executives
new technologies, serve customers’ needs, and help expand to promote savings discipline, and educational allowances for the
service channels for customers to more easily and more quickly children of staff to help reduce staff expenses. In addition, the
access the services. The Bank has launched a program to build Bank considers paying bonuses to staff in accordance with the
cooperation and good relationships with the government sector, Bank’s business performance, staff performance, and the overall
the private sector and the educational institutions, for ongoing economic conditions.
promotion of innovation activities. The Bank has presented detailed
information on this in its Sustainability Report.
 Bangkok Bank Public Company Limited | Annual Report 2018

2) Enhancement of Staff Knowledge and Potential providers of good-quality financial services to customers. The Bank
The Bank emphasizes and recognizes the importance of ongoing conducts its business under a framework of regulations and fair
potential enhancement of employees to prepare employees’ competition and follows the law regarding competition.
readiness to perform efficient work and gain expertise and future
skills by various ways such as e-learning, training and seminars, Creditors
career planning and development, work rotation, and project The Bank provides fair treatment and behaves responsibly towards
assignment to create real experiences for employees. its creditors and contractual obligations. In this regard, the Bank
operates in accordance with the conditions or terms of debt
Additionally, the Bank enhances efficiency of its high-potential securities issued by the Bank for borrowing from the public, such
employees, provides scholarships, and has in place human as management of funds and debt repayment, and in the case of
resource development plans for overall staff, each year and for missing repayments due, the Bank will operate in accordance with
each staff member. the terms and conditions involved, etc.

The Bank allocates a budget for internal and external training Society and Community
throughout the year, both in and outside Thailand and both soft The Bank supports activities that benefit communities and Thai
and technical skills, which will build and enhance knowledge, society in areas such as education, religion, sports, Thai traditional
ability, working skills, and managerial skills, so that the Bank can arts and culture, and energy saving, as well as making other public
efficiently deliver its business results. contributions to support society, etc.

3) Workplace Security and Health Environment

The Bank provides good security measures on its premises using The Bank supports measures and good practices for environmental 83
standard systems and equipment for security control and by conservation, encourages efficient utilization of resources, and
providing appropriate security guards. The Bank provides suitable also organizes campaigns or promotes knowledge and
workplaces that encourage staff to perform their work efficiently understanding of energy conservation and environmental
and effectively taking into consideration workplace safety and protection for sustainable benefits. These include use of energy-
health together with the gathering of leave information regarding saving buildings, facilities and equipment, encouraging staff to
accidents and sicknesses arising from work. participate in energy conservation, and environmental protection
activities. The Bank also has a policy for providing loans to support
Counterparties energy-saving projects and eco-agricultural projects.
The Bank gives its counterparties fair and equitable treatment and
acts responsibly towards counterparties according to trade Other Matters
conditions and agreements, as well as believing that counterparties The Bank has established a corporate governance policy and a
play a significant role in supporting its business. The Bank follows code of conduct and business ethic practices, based on the key
good practice in the selection of counterparties, and in conducting principles of performing duties with honesty, integrity and
its transactions with counterparties the Bank honors its trade responsibility. The Bank will never assist, encourage or support
conditions and agreements with mutual understanding and good any illegal activities or transactions. Other important matters are:
cooperation by recognizing traditions, practices and other widely- 1) Human Rights
accepted standards relating to the banking business. The Bank respects the rights of persons as prescribed by laws
and will never be involved in any violation of human rights.
Competitors 2) Intellectual Properties or Copyrights
The Bank recognizes, emphasizes, and implements appropriate The Bank respects intellectual properties including copyrights
measures regarding competitors. The Bank treats its competitors and therefore will never be involved in any violation of
with mutual good understanding and cooperation. The Bank intellectual properties, including copyrights, belonging to any
understands that other financial institutions also have duties as person as specified in the Bank’s Code of Conduct and
Business Ethics Practices. In addition, the Bank has set up
 Annual Report 2018 | Bangkok Bank Public Company Limited

rules preventing its employees from bringing in copyrighted policy. Penalties will be applied to personnel violating or failing
computer programs to be used at the Bank or used with Bank- to comply with the anti-corruption guidelines.
related works without authorization from the Bank. Also, those The Bank provides secure channels for staff to access with
who are found to commit piracy must be subject to disciplinary confidence when they need to report information or suspicions
actions and liabilities under related laws. Supervisors at all of corruption without risk to their security. Staff can report
levels will monitor their subordinates to ensure they strictly information or their concerns to their superior, or Head of
follow the Bank’s rules. Compliance, and the Bank will receive the information and use
3) Policy on Whistleblowing it with equitability, transparency, due care, and fairness to all
The Bank has established whistleblowing channels for concerned parties. The Bank will investigate issues in a
stakeholders to directly inform the Board of Directors of their reasonable period of time, maintain confidential information,
complaints. Stakeholders can report any trace of illegal acts, and protect complainants from persecution during and after
concerns about the correctness of financial reports, investigation.
defectiveness of internal control systems, or violations of ethics Counterparties and the general public can report information
and morals through contact channels provided by the Bank. or clues of misconduct or breach of the Bank’s anti-corruption
The Bank has a defined operating process on reporting measures to the Corporate Secretary or Compliance
whistleblowing which includes processes and channels for Department, and the Bank will receive the information and use
receiving and managing reports from stakeholders, and rights it with equitability, transparency, due care, and fairness to all
protection for whistleblower and related parties from any kind concerned parties. The Bank will investigate issues in a
of unfair action or harassment. Stakeholders can see more reasonable period of time, maintain confidential information,
details on the Bank’s website. and protect complainants from persecution during and after
84 4) Anti-corruption Measures investigation.
The Bank is determined to be an organization which operates The Bank believes that its anti-corruption policy provides a
in a transparent manner and which is corruption-free. framework and direction for sustainable development, while
Accordingly, the Bank has established an anti-corruption policy practical guidelines for its anti-corruption program reflect the
which prohibits its directors, executives, and staff from offering, determination and dedication of a transparent and corruption-
demanding, arranging, or accepting bribes or any form of free organization, as well as its determination not to be involved
payment with the intent of corruption for personal gain, or the with any corruption. The Bank expects all concerned parties
gain of others. to cooperate and support its undertakings in these matters.
The Bank promotes values of honesty and accountability in
fulfilling one’s duty, and also encourages concerned parties In this regard, the Bank has been certified by the Private Sector
to be aware of, understand, and co-operate in any way Collective Action Coalition Against Corruption Council to be a
required to oppose and prevent corruption. member of the Private Sector Collective Action against Corruption.
The Bank has established practical guidelines for anti-
corruption programs. In addition, relevant units in the Bank 6. Strengthen Effective Risk Management and
have taken steps to assess risks from corruption, and Internal Control
established practical guidelines for compliance and control
measures to prevent and monitor risks from corruption. The Risk Management
relevant units also assess their anti-corruption undertakings The Board of Directors has established a risk management policy
using compliance-assessment checklists. The good-practice for the Bank’s financial business group and reviews the policy on
guidelines established by the Bank are suited to relevant a yearly basis. The risk management policy requires the
situations and laws. determination and yearly review of risk appetite. The Bank has set
The Bank has disseminated its anti-corruption policy on its out a risk management framework and risk oversight structure for
website, and other internal communication channels including overseeing core risks such as credit risk, market risk, operational
the intranet, as well as educating staff on its anti-corruption risk, strategic risk, liquidity risk, and information technology risk,
 Bangkok Bank Public Company Limited | Annual Report 2018

including other risks, through the Internal Capital Adequacy compliance with the information security policy, in regard to various
Assessment Process to ensure that the Bank has appropriate risk matters such as security of information property, access to
management and capital adequacy for operating its business information, physical security, communication security, information
under normal and crisis situations. security risk management, business continuity, etc.

Internal Control Action in Regard to Conflicts of Interest and Reporting of

The Board of Directors recognizes the importance of an internal Changes in Directors’ Interests
control system to ensure that the Bank operates its business The Bank gives importance to practices to control and manage
transparently, and that the Bank’s directors, executives and conflicts of interest in accordance with rules set by government
employees perform duties with care, honesty and accountability authorities.
for the optimal benefit of the Bank. In this regard, the Bank The Bank also requires directors and top-level executives to
assigned the Audit Committee to review and assess the adequacy prepare reports of their interests, by providing information on their
of the Bank’s internal control system on a yearly basis, as well as shareholdings and directorships in various businesses and
proposing the assessment results to the Board of Directors. In reporting other information pertaining to their interests. The Bank
assessing the internal control system, there are five elements for uses such information in controlling transactions between the Bank
consideration, as follows: (1) Control Environment, (2) Risk and persons with whom the directors and top-level executives
Assessment, (3) Control Activities, (4) Information Technology and have interests or involvement, and in reporting related-party
Communications, and (5) Monitoring Activities. transactions in the annual registration statement. In the event that
the Board of Directors is required to scrutinize matters where there
In regard to the 2018 assessment of the adequacy of internal exist, or potentially exist, conflicts of interest, connected
control, the Board of Directors opines that the Bank’s internal transactions, or related-party transactions, the directors who are 85
control system is adequate and appropriate, and has been related persons will not participate in the scrutiny and approval of
continually improved; and that there are a sufficient number of such transactions. In addition, the Bank will not prescribe special
personnel to efficiently operate the system. conditions for such transactions in favor of the directors involved.

Division of Duties Relating to Internal Control and Risk 7. Ensure Disclosure and Financial Integrity
Management The Bank recognizes the significance of disclosing information as
• Risk Management: Person in charge, namely Mr. Kirati it has an impact on the decision-making of investors and
Laisathit, Executive Vice President stakeholders. The Board of Directors follows the information
• Audit and Control: Person in charge, namely Mrs. Chutima disclosure guidelines, by overseeing and ensuring that the Bank’s
Kitchamnong, Executive Vice President financial reporting system and information disclosure are accurate,
• Compliance: Person in charge, namely Mr. Pornthep sufficient, trustworthy and on time in compliance with the relevant
Kitsanayothin, Executive Vice President laws and regulations in order to provide equal information to all
financial information users. The Bank selects personnel with
Information Security appropriate knowledge, skills and experience to be responsible
The Bank recognizes the importance of the security of both for overseeing and ensuring the financial reliability and information
business and customers’ information for the purpose of maintaining disclosure. The Bank’s financial information is delivered through
the creditworthiness and trust of customers, counterparties and various channels such as annual report, financial statement, annual
business alliances. The Board of Directors established and registration statement (Form 56-1), Management Discussion and
disseminated to directors, executives and employees an Analysis (MD&A) via the Stock Exchange of Thailand (SET) portal
information security policy, including the information security and the Bank’s website (www.bangkokbank.com), and the
manual, which sets out practicing guidelines on information information displayed is regularly updated to reflect the Bank’s
security to safeguard against illegal use of information. This is to financial status and performance. Information that may affect the
ensure the executives’ and employees’ understanding of and decision-making in investments and benefits of shareholders and
 Annual Report 2018 | Bangkok Bank Public Company Limited

investors will be disclosed after it has been officially provided to 8. Ensure Engagement and Communication with
the SET. The Bank has appointed a person entitled to publicly Shareholders
disclose the information which is divided into financial and non- The Bank gives importance to and encourages the meeting
financial categories in order to ensure that it is disclosed in a clear, attendance of all groups of shareholders for considering significant
accurate, transparent and timely manner. corporate matters of the Bank by organizing the shareholders’
meeting at a convenient date, time and place. The Bank prepares
The Board of Directors approves the disclosure of the financial a letter of power of attorney for the use of the shareholders who
information, by taking into consideration the result of assessment are unable to attend the meeting in person to enable them to
of sufficiency of the internal control system, the auditor’s opinions exercise their rights by giving a proxy to others to attend the
in financial reports including the auditor’s observations, the meeting on their behalf. The Bank provides opportunities for
opinions of the Audit Committee, and the conformity with the shareholders to propose meeting agenda and nominate names
Bank’s strategies and policies. for appointment to the Board of Directors prior to the shareholders’
meeting, in which case the shareholders shall comply with the
Additionally, the Bank has arranged for a system of disclosure of criteria of the Bank as shown on the Bank’s website. Additionally,
the information relating to directors to ensure that the disclosure shareholders can send questions relating to the meeting agenda
complies with the criteria of the Office of Securities Exchange to the Corporate Secretary prior to the shareholders’ meeting.
Commission.
At the 25th annual shareholders’ meeting, which was held on
The Bank has an Investor Relations Unit which is responsible for April 12, 2018, the Bank organized the meeting at the Bank’s
disclosing the financial and non-financial information that are useful head office for ease of travel. The Bank posted notice of the
86 for the investments of shareholders, investors, securities analysts, shareholders’ meeting, including relevant documents and letter
and credit rating companies, in accordance with the information of power of attorney, in both Thai and English versions, on the
disclosure guidelines which are in line with the Bank’s principles Bank’s website 30 days in advance of the meeting, as well as
and official requirements, in order to ensure that the Bank has notifying such information to shareholders through the
disclosed the information appropriately, in a timely fashion and in information channel of the Stock Exchange of Thailand. The
an equitable manner through the channel of the Stock Exchange meeting was conducted in compliance with the agenda
of Thailand (SET Portal) and on the Bank’s website (www. submitted to shareholders, without addition, amendment or
bangkokbank.com) and that the Bank has conducted activities, change to the sequence of the agenda. Shareholders were
such as holding meetings with securities analysts and investors, provided with an opportunity to raise questions and fully share
attending meetings with local and international investors, and comments on each agenda item. After the meeting, the Bank
meeting in person or via teleconference with investors and prepared and posted minutes of the meeting on the Bank’s
analysts, etc., as planned. The President, Senior Executive Vice website as well as submitting them to relevant authorities within
Presidents, and top-level executives of the Bank give importance 14 days of the date of the meeting.
in regularly participating in various activities with the Investor
Relations Unit with regard to disclosure of the Bank’s information.

Investor Relations Contact:

Investor Relations Unit: Bangkok Bank Public Company Limited,
333 Silom Road, Silom, Bang Rak, Bangkok 10500
Tel: 0-2626-4981, Fax: 0-2231-4890 Email: [email protected]
Website: www.bangkokbank.com
 Bangkok Bank Public Company Limited | Annual Report 2018

+ ORGANIZATION CHART

BOARD OF DIRECTORS

Nomination and Board of Executive Risk Management Audit

Remuneration Directors Committee Committee
Committee

Chairman
Board of Executive Directors

87
President Audit and Control

Business Products and Services

Domestic Banking Group - Credit Card
- Corporate Banking - Product and Distribution
- Commercial Banking
- Business Banking
- Consumer Banking Operation
- Shared Operation
International Banking Group
- International Financial Institution Activities Support and Administration
- International Branch
- Accounting and Finance
Investment Banking Group - Human Resources
- Treasury - Technology
- Merchant Banking - Innovation
- Securities Business - Risk Management
- Credit Management
- Property Management
- Research
- Public Relations
- Compliance
 Annual Report 2018 | Bangkok Bank Public Company Limited

+ BOARD OF DIRECTORS

7 4 5
6 1 3 4 15
5 3
9
8
8
1
7 6

88

1. Mr. Piti Sithi-Amnuai 4. Mr. Kovit Poshyananda 7. H.S.H. Prince Mongkolchaleam Yugala
- Non-executive Director - Independent Director - Independent Director
- Chairman of the Board of Directors - Chairman of the Nomination and - Member of the Audit Committee
Remuneration Committee
2. Mr. Deja Tulananda 8. Mr. Phornthep Phornprapha
- Executive Director 5. Mr. Singh Tangtatswas - Independent Director
- Chairman of the Board of - Executive Director - Member of the Nomination and
Executive Directors - Chairman of the Risk Management Committee Remuneration Committee
- Member of the Board of Executive Directors
3. Admiral Prachet Siridej 9. Mr. Charn Sophonpanich
- Independent Director 6. Mr. Amorn Chandarasomboon - Non-executive Director
- Chairman of the Audit Committee - Executive Director - Member of the Risk Management Committee
- Member of the Board of Executive Directors
- Member of the Nomination and
Remuneration Committee
- Member of the Risk Management Committee
 Bangkok Bank Public Company Limited | Annual Report 2018

14
13 12
12 11 11 2 13 15
16 14 1818
16 17

9
17

10

10

89

10. Mrs. Gasinee Witoonchart 13. Mr. Chartsiri Sophonpanich 16. Mr. Charamporn Jotikasthira
- Independent Director - Executive Director and President - Executive Director
- Member of the Audit Committee - Member of the Board of Executive Directors - Member of the Board of Executive Directors

11. Mr. Arun Chirachavala 14. Mr. Suvarn Thansathit 17. Mr. Thaweelap Rittapirom
- Independent Director - Executive Director and - Executive Director and
- Member of the Audit Committee Senior Executive Vice President Executive Vice President
- Member of the Board of Executive Directors - Member of the Board of Executive Directors
12. Mr. Chokechai Niljianskul - Member of the Risk Management Committee
- Independent Director 18. Mr. Apichart Ramyarupa
15. Mr. Chansak Fuangfu - Corporate Secretary
- Executive Director and - Executive Vice President
Senior Executive Vice President
- Member of the Board of Executive Directors
 Annual Report 2018 | Bangkok Bank Public Company Limited

1. MR. PITI 2. MR. DEJA

SITHI-AMNUAI TULANANDA

Executive Director
Non-executive Director Chairman of the Board of
Chairman of the Board of Directors Executive Directors

Age 85 Age 84
Date of appointment to the Board 1 February 1985 Date of appointment to the Board 26 March 1991
Years of directorship 34 Years of directorship 28

Educational qualifications Educational qualifications

• Honorary Doctorate of Philosophy Degree in Business Administration, • Bachelor’s Degree in Economics, Leicester University, UK
Rangsit University • Executive Program, Pennsylvania State University, USA
• Diploma in Business Administration, Hutching’s Commercial College, IOD Training Program None
Malaysia Shareholding* 96,650 shares or 0.00506%
• Matriculation “A” Level, Cambridge University (Overseas), UK Family relationship with other directors and members of management
• Advanced Management Program, Harvard Business School, None
Harvard University, Boston, USA Work experience
• Management Development Program, Asian Institute of Management, • 23 March 2017 Chairman, Board of Executive Directors,
the Philippines - Present Bangkok Bank Public Company Limited
IOD Training Program • 1991 - Present Director, Bangkok Bank Public Company Limited
• Director Certification Program (DCP), Class 57/2005 • 2009 - March 2017 Vice Chairman, Board of Executive Directors,
• Financial Institutions Directors Education Program (FIDE), Malaysia 2013 Bangkok Bank Public Company Limited
90 • Strategic Board Master Class (SBM) 4/2018 • 2004 - May 2012 Director, Wave Entertainment Public Company
Shareholding* 154,941 shares or 0.00812% Limited
Family relationship with other directors and members of management • 1992 - 2008 Director and Senior Executive Vice President
None and Member, Board of Executive Directors,
Work experience Bangkok Bank Public Company Limited
• 25 October 2018 Chairman, Board of Directors, • March 1991 - 1992 Director and Executive Vice President,
- Present Bangkok Bank Public Company Limited Bangkok Bank Public Company Limited
• 2013 - 30 April 2018 Chairman, Bangkok Bank Berhad, Malaysia • 1985 - 1991 Executive Vice President, Bangkok Bank
• February 1985 Director, Bangkok Bank Public Company Limited Public Company Limited
- Present • 1973 - 1985 Executive Officer, Bangkok Bank
• 23 March 2017 Vice Chairman, Board of Directors, Public Company Limited
- 24 October 2018 Bangkok Bank Public Company Limited Positions in other listed companies
• March 2008 - 2009 Co-Chairman, Board of Executive Directors, • 1999 - Present Director, Furukawa Metal (Thailand) Public
Bangkok Bank Public Company Limited Company Limited
• 2006 - February 2008 Chairman, Board of Executive Directors, Positions in non-listed companies
Bangkok Bank Public Company Limited • 2000 - Present Director, City Realty Company Limited
• 2003 - 2005 Chairman, Risk Management Committee,
Bangkok Bank Public Company Limited
• 1993 - 2000 Chairman, Asian Finance Corporation Limited,
Singapore
• 1992 - 2006 Vice Chairman, Board of Executive Directors,
Bangkok Bank Public Company Limited
• 1991 - 2001 Chairman, Berli Jucker Public Company Limited
• 1989 - 2000 Chairman, Siam Square Tower Company Limited
• 1987 - 2000 Director, Bangkok Sakura Leasing Company Limited
Positions in other listed companies None
Positions in non-listed companies None

* Inclusive of those shares held by spouse and children who have not yet come of age
 Bangkok Bank Public Company Limited | Annual Report 2018

3. ADMIRAL 4. MR. KOVIT

PRACHET SIRIDEJ POSHYANANDA

Independent Director
Independent Director Chairman of the Nomination
Chairman of the Audit Committee and Remuneration Committee

Age 83 Age 83
Date of appointment to the Board 18 March 1999 Date of appointment to the Board 11 April 2003
Years of directorship 20 Years of directorship 16

Educational qualifications Educational qualifications

• Master’s Degree in Economics (Business Economics), Thammasat University • Honorary Doctorate Degree in Economics, Chulalongkorn University
• Bachelor’s Degree in Science, Royal Thai Navy Academy • Master’s Degree and Doctorate Degree in Economics, Cornell University,
• Diploma, National Defence College, The National Defence Course, USA
Class 31
IOD Training Program • Bachelor of Arts (Honors), Cambridge University, UK
• Financial Institutions Governance Program (FGP), Class 1/2010 • Diploma, National Defence College, The National Defence Course,
• Monitoring the System of Internal Control and Risk Management (MIR), Class 30
Class 6/2009 IOD Training Program
• Monitoring the Internal Audit Function (MIA), Class 5/2009 • The Role of Chairman Program (RCP), Class 15/2007
• Director Certification Program-Refresher (DCP-Refresher), Class 4/2007 • Director Accreditation Program (DAP), Class 2/2003
• The Role of Chairman Program (RCP), Class 15/2007 Shareholding* None
• Improving the Quality of Financial Reporting (QFR), Class 1/2006 Family relationship with other directors and members of management
• Audit Committee Program (ACP), Class 1/2004
• Director Certification Program (DCP), Class 35/2003 None
• Deloitte Audit Committee Forum Work experience 91
• Deloitte 2nd Forum 2016 • 2004 - Present Chairman, Nomination and Remuneration
Shareholding* None Committee, Bangkok Bank Public Company Limited
Family relationship with other directors and members of management • April 2003 - Present Independent Director, Bangkok Bank Public
None
Work experience Company Limited
• 2003 - Present Chairman, Audit Committee, Bangkok Bank • 2007 - 2014 Director, Office of Insurance Commission
Public Company Limited • 2000 - 2016 Chairman, Audit Committee and
• March 1999 - Present Independent Director, Bangkok Bank Public Independent Director, Furukawa Metal
Company Limited (Thailand) Public Company Limited
• 2006 - February 2008 Member, The National Legislative Assembly • 2001 - 2016 Chairman, Audit Committee and
• 2002 - 2003 Member, Nomination Committee, Bangkok Bank
Independent Director, Glow Energy Public
Public Company Limited
• 2002 - 2003 Member, Audit Committee, Bangkok Bank Company Limited
Public Company Limited • 2001 - 2016 Director, Glow SPP 2 Company Limited
• 1996 - 1997 Adviser, Thai Military Bank Public Company Limited • 2001 - 2016 Director, Glow SPP 3 Company Limited
• 1995 - 2000 Senator, Senate Positions in other listed companies
• 1995 - 1996 Director, Thai Oil Public Company Limited • Present Chairman, Sansiri Public Company Limited
• 1994 - 1996 Director, Petroleum Authority of Thailand • Present Chairman, Audit Committee and
• 1994 - 1996 Director, PTT Exploration and Production
Independent Director, Shangri-la Hotel
Public Company Limited
• 1993 - 1996 Commander-in-Chief, Royal Thai Navy Public Company Limited
• 1993 - 1996 Chairman, Port Authority of Thailand Positions in non-listed companies
• 1993 - 1996 Director, Thai Military Bank Public Company Limited • Present Chairman, Rajapark Institute Council
• 1993 - 1996 Member, Thai-Malaysian Joint Development Area • Present Vice Chairman, Walailak University Council,
Committee Walailak University
Positions in other listed companies None
Positions in non-listed companies • Present Director, Group 30 Company Limited
• Present Chairman, Phra Racha Wang Derm Restoration • Present Director, Office of the Council States of Thailand
Foundation
• Present Vice Chairman, General Prem Tinsulanonda
Statesman Foundation
• Present Director, Rak Muang Thai Foundation

* Inclusive of those shares held by spouse and children who have not yet come of age
 Annual Report 2018 | Bangkok Bank Public Company Limited

5. MR. SINGH 6. MR. AMORN

TANGTATSWAS CHANDARASOMBOON

Executive Director Executive Director

Chairman of the Risk Member of the Board of
Management Committee Executive Directors
Member of the Board of Executive Directors Member of the Nomination and Remuneration Committee
Member of the Risk Management Committee
Age 76 Age 88
Date of appointment to the Board 28 December 2004 Date of appointment to the Board 20 April 1988
Years of directorship 14 Years of directorship 31

Educational qualifications Educational qualifications

• Master’s Degree in Business Administration, Majoring in Banking • Honorary Doctorate Degree in Law, 1991, Thammasat University
and Finance, Wharton School of Finance and Commerce, • Distinguished Research Professor in Law, 1990, Sukhothai Thammathirat
University of Pennsylvania, USA Open University
• Bachelor’s Degree in Economics, Thammasat University • Honorary Doctorate Degree in Law, 1988, Chulalongkorn University
• Executive Development Program, Harvard Business School, USA • Honorary Doctorate Degree in Law, 1982, Ramkhamhaeng University
• Management Development Program, Wharton School, USA • Doctorate Degree in International Law, 1955, Paris University, France
IOD Training Program • Bachelor’s Degree in Law, 1951, Thammasat University
• Financial Institutions Governance Program (FGP), Class 2/2011 • Diploma, National Defence College, The National Defence Course,
• Monitoring the Internal Audit Function (MIA), Class 6/2009 Class 14/1971
• Director Certification Program (DCP), Class 0/2000 IOD Training Program
Shareholding* None • Financial Institutions Governance Program (FGP), Class 3/2011
Family relationship with other directors and members of management • Audit Committee Program (ACP), Class 26/2009
92 None • Monitoring the System of Internal Control and Risk Management (MIR),
Work experience Class 6/2009
• 2005 - Present Chairman, Risk Management Committee, • Monitoring the Internal Audit Function (MIA), Class 5/2009
Bangkok Bank Public Company Limited • Monitoring the Quality of Financial Reporting (MFR), Class 7/2009
• 2005 - Present Member, Board of Executive Directors, • Director Certification Program (DCP), Class 36/2003
Bangkok Bank Public Company Limited • Director Accreditation Program (DAP), Class 2/2003
• December 2004 Director, Bangkok Bank Public Company Limited • Finance for Non-Finance Director (FND), Class 7/2003
- Present Shareholding* 10,800 shares or 0.00057%
• 2010 - May 2015 Director, Thai Institute of Directors Association Family relationship with other directors and members of management
• 2006 - July 2010 Managing Director, Bangkok Bank Public None
Company Limited Work experience
• 2005 - May 2013 Independent Director, TWZ Corporation Public • 2005 - Present Member, Nomination and Remuneration Committee,
Company Limited Bangkok Bank Public Company Limited
• 2002 - 2009 Adviser, Corporate Governance Center, • 2003 - Present Member, Risk Management Committee,
The Stock Exchange of Thailand Bangkok Bank Public Company Limited
• 1999 - 2001 President and Chief Executive Officer, • 1990 - Present Member, Board of Executive Directors,
Krung Thai Bank Public Company Limited Bangkok Bank Public Company Limited
• 1996 - 1999 President, The Stock Exchange of Thailand • April 1988 - Present Director, Bangkok Bank Public Company Limited
Positions in other listed companies • 2012 - November 2015 Honorary Member of Academic Committee,
• 2004 - Present Chairman, Remuneration and Nomination National Institute of Development Administration
Committee and Independent Director, (NIDA)
Bangkok Insurance Public Company Limited • 2010 - July 2015 Member, Advisory Board, Sasin Graduate
• 2004 - Present Chairman, Audit Committee and Independent Institute of Business Administration of
Director, Thai Optical Group Public Chulalongkorn University
Company Limited • 2010 - 2016 Independent Director, BTS Group Holdings
Positions in non-listed companies Public Company Limited
• March 2014 - Present Director, Sukhumvit 62 Medical Limited Positions in other listed companies
• Present Director, Kanjanatat Company Limited • 2016 - Present Adviser, BTS Group Holdings Public
• Present Director, Burapa Tharin Company Limited Company Limited
• Present Director, Trirajpanachai Company Limited Positions in non-listed companies
• 2000 - Present Member, Board of Trustees, Mahidol University
• 1996 - Present Member, Board of Trustees, Ubon Ratchathani
University

* Inclusive of those shares held by spouse and children who have not yet come of age
 Bangkok Bank Public Company Limited | Annual Report 2018

7. H.S.H. PRINCE 8. MR. PHORNTHEP

MONGKOLCHALEAM PHORNPRAPHA
YUGALA
Independent Director Independent Director
Member of the Audit Committee Member of the Nomination
and Remuneration Committee

Age 82 Age 70
Date of appointment to the Board 11 April 2003 Date of appointment to the Board 12 April 2007
Years of directorship 16 Years of directorship 12

Educational qualifications Educational qualifications

• Master’s Degree in Business Administration, Northeastern University, USA • Honorary Doctorate Degree in Science, Environmental Science,
• Bachelor’s Degree in Commerce, Thammasat University Chiangmai University
IOD Training Program • Honorary Doctorate Degree in Agricultural Technology,
• Financial Institutions Governance Program (FGP), Class 2/2011 Landscape Technology, Mae Jo Agricultural Technology University
• Monitoring the Internal Audit Function (MIA), Class 5/2009 • Honorary Doctorate Degree in Science, Topography,
• Monitoring the System of Internal Control and Risk Management (MIR), Srinakarinwirot University
Class 6/2009 • Bachelor’s Degree in Business Administration, California College of
• Director Certification Program-Refresher (DCP-Refresher), Class 4/2007 Commerce, USA
• The Role of Chairman Program (RCP), Class 15/2007 • Diploma, National Defence College, The Joint State - Private Sector
• Improving the Quality of Financial Reporting (QFR), Class 1/2006 Course, Class 5
• Finance for Non-Finance Director (FND), Class 19/2005 IOD Training Program
• Audit Committee Program (ACP), Class 1/2004 • Director Accreditation Program (DAP), Class 66/2007
• Director Certification Program (DCP), Class 33/2003 Shareholding* None
93
• AEC Business Forum: “AEC 2025” Family relationship with other directors and members of management
Shareholding* 24,860 shares or 0.00130% None
Family relationship with other directors and members of management Work experience
None • September 2012 Member, Nomination and Remuneration Committee,
Work experience - Present Bangkok Bank Public Company Limited
• 2004 - Present Member, Audit Committee, Bangkok Bank • April 2007 - Present Independent Director, Bangkok Bank Public
Public Company Limited Company Limited
• April 2003 - Present Independent Director, Bangkok Bank Public Positions in other listed companies None
Company Limited Positions in non-listed companies
• 2000 - 2003 Adviser to Public Relations Department, • Present Chairman, MAHLE Siam Filter Systems
Bangkok Bank Public Company Limited Company Limited
• 1966 - 1999 Executive Officer, Bangkok Bank Public • Present Chairman, Valeo Siam Thermal Systems
Company Limited Company Limited
Positions in other listed companies None • Present Chairman, Siam Daikin Sales Company Limited
Positions in non-listed companies None • Present Chairman, NSK Bearings (Thailand) Company
Limited
• Present Chairman, Siam NSK Steering Systems
Company Limited
• Present Chairman, NSK Bearings Manufacturing
(Thailand) Company Limited
• Present Chairman, Siam Hitachi Elevator Company Limited
• Present Chairman, Bangkok Komatsu Company Limited
• Present Chairman, Nittan (Thailand) Company Limited
• Present Chairman, Thong Thaworn Development
Company Limited
• Present Chairman, Siam Music Yamaha Company Limited
• Present Chairman, Thaworn Holding Company Limited
• Present Chairman, Hitachi Elevator (Thailand)
Company Limited

* Inclusive of those shares held by spouse and children who have not yet come of age
 Annual Report 2018 | Bangkok Bank Public Company Limited

• Present Chairman, Bangkok Komatsu Sales Work experience

Company Limited • 2003 - Present Member, Risk Management Committee,
• Present Chairman, GS Yuasa Siam Industry Bangkok Bank Public Company Limited
Company Limited • December 1980 Director, Bangkok Bank Public Company Limited
• Present Chairman, Bangkok Komatsu Forklift - Present
Company Limited • 1980 - May 2009 Member, Board of Executive Directors,
• Present Chairman, Siam GS Battery Company Limited Bangkok Bank Public Company Limited
• Present Chairman/ President, Siam GS Sales Positions in other listed companies None
Company Limited Positions in non-listed companies
• Present Vice Chairman, Siam Motor Parts Company Limited • Present Director, Watana Charn Company Limited
• Present President, Siam Motors Company Limited • Present Director, Palangsophon Company Limited
• Present President, Siam Motor Logistics Company Limited
• Present Director, C.R. Holding Company Limited
• Present President, Thaworn Estate Company Limited
• Present Director, Watanasophonpanich Company Limited
• Present Director, Nissan Trading (Thailand)
Company Limited
• Present Director, PM Property (Na Jomtien)
Company Limited
• Present Director, MP Assets (Bangna - Trad)
Company Limited
• Present Director, Siam At Cholburi Company Limited 10. MRS. GASINEE
• Present Director, MP Assets (Pravet) Company Limited WITOONCHART
• Present Director, PM Property (Pattaya) Company Limited
• Present Director, Taworn Country Club and Resort
Company Limited
• Present President, Bangkok Motor Works Company Limited Independent Director
Member of the Audit Committee

Age 71
94 Date of appointment to the Board 12 April 2007
Years of directorship 12

9. MR. CHARN Educational qualifications

SOPHONPANICH • Master’s Degree in Business Administration, University of Texas at
Austin, USA
• Bachelor’s Degree in Business Administration, 2nd Class Honors
Non-executive Director (Finance and Banking), Thammasat University
Member of the Risk • Certificate in Education Development, Monash University, Australia
Management Committee
(Columbo’s Scholarship)
• Certificate in Property Valuation, ASEAN Valuer Association
Age 78 • Certificate in Operations Management, National University of Singapore,
Date of appointment to the Board 24 December 1980 Singapore
Years of directorship 38 • Capital Market Academy Leadership Program, Class 3
IOD Training Program
Educational qualifications • Financial Institutions Governance Program (FGP), Class 3/2011
• Master’s Degree in Business Administration, Majoring in Finance, • Monitoring the Quality of Financial Reporting (MFR), Class 7/2009
University of Chicago, USA • Monitoring the Internal Audit Function (MIA), Class 5/2009
• Bachelor’s Degree in Engineering, University of Sydney, Australia • Audit Committee Program (ACP), Class 23/2008
IOD Training Program • Monitoring the System of Internal Control and Risk Management (MIR),
• Financial Institutions Governance Program (FGP), Class 5/2012 Class 3/2008
• Duties and Liabilities of Directors and Executives of Listed Companies • Director Certification Program (DCP), Class 90/2007
under the Amended Securities and Exchange Act 1992 (Amendment), • Director Accreditation Program (DAP), Class 40/2005
Class 1/2008 • AEC Business Forum : “AEC 2025”
Shareholding* 512,152 shares or 0.02683% Shareholding* None
Family relationship with other directors and members of management Family relationship with other directors and members of management
• Uncle of Mr. Chartsiri Sophonpanich - President None

* Inclusive of those shares held by spouse and children who have not yet come of age
 Bangkok Bank Public Company Limited | Annual Report 2018

Work experience
• June 2007 - Present Member, Audit Committee, Bangkok Bank
Public Company Limited 11. MR. ARUN
• April 2007 - Present Independent Director, Bangkok Bank Public CHIRACHAVALA
Company Limited
• 2014 - 2017 Vice Rector for Planning and Administration
(Rangsit Centre), Thammasat University Independent Director
• 2010 - 2013 Vice Rector for Planning and Finance, Member of the Audit Committee
Thammasat University
• 2010 - 2011 Adviser, Association to Advance Collegiate Age 65
Schools of Business (AACSB) for Asia Date of appointment to the Board 2 February 2015
• 2008 - 2011 Director, Global Foundation of Management Years of directorship 4
Education (GFME), The Association to Advance
Collegiate Schools of Business
• 2006 - 2011 Adviser to the Executive Committees, Educational qualifications
the Valuers Association of Thailand • Master’s Degree in Engineering, Stanford University, USA
• 2005 - 2006 Director, Electricity Generating Authority of Thailand • Bachelor’s Degree (Honors) in Engineering, Stanford University, USA
• 2004 - 2009 Dean, Faculty of Commerce and Accountancy, IOD Training Program
Thammasat University • Director Certification Program (DCP), Class 88/2007
• 2002 - 2011 Mediator, Mediator Center, Alternative Dispute • Director Accreditation Program (DAP), Class 34/2005
Resolution Office, Office of the Judiciary Shareholding* None
• 1997 - 2007 Representative of Thailand, ASEAN Valuation Family relationship with other directors and members of management
Association (AVA) None
• 1997 - 2004 Independent Director, Thai Coating Industrial Work experience
Public Company Limited • 1 April 2015 - Present Member, Audit Committee, Bangkok Bank
• 1994 - 2004 Independent Director, Yuasa Battery (Thailand) Public Company Limited
Public Company Limited • 2 February 2015 Independent Director, Bangkok Bank Public
Positions in other listed companies None - Present Company Limited 95
Positions in non-listed companies • April 2009 - May 2015 Chairman, K.W.C. Warehouse Company Limited
• 27 February 2018 Rector, Thammasat University • August 2008 Independent Director and Chairman,
- Present - January 2015 Audit Committee and Chairman, Nomination
• 2007 - Present Arbitrator, Office of the Securities and and Remuneration Committee, United Overseas
Exchange Commission Bank (Thai) Public Company Limited
• 2007 - Present Arbitrator for resolution of disputes between • April 2008 Chairman, Krungdhep Document Company
Securities Business Licensees or disputes - August 2014 Limited
related to Securities Business Customers • August 2007 Executive Chairman, Krungdhep Sophon
• 2004 - Present Director, Thammasat University Council - May 2014 Public Company Limited
• 2004 - 2006 President, Siam City Bank Public Company Limited
• September 1995 Managing Director, Bangkok Mass Transit
- October 1996 Authority (BMTA)
• May 1987 Treasury and Investment Officer, Asian
- August 1993 Development Bank, Manila, the Philippines
Positions in other listed companies
• June 2009 - Present Independent Director and Chairman,
Corporate Governance Committee and
Risk Management Committee, TRC Construction
Public Company Limited
• August 2007 Director, Krungdhep Sophon Public Company
- Present Limited
Positions in non-listed companies
• November 2006 Director, Palangsophon Company Limited
- Present

* Inclusive of those shares held by spouse and children who have not yet come of age
 Annual Report 2018 | Bangkok Bank Public Company Limited

12. MR. CHOKECHAI 13. MR. CHARTSIRI

NILJIANSKUL SOPHONPANICH

Independent Director Executive Director and President

Member of the Board of
Executive Directors

Age 61 Age 59
Date of appointment to the Board 12 April 2017 Date of appointment to the Board 28 April 1992
Years of directorship 2 Years of directorship 27

Educational qualifications Educational qualifications

• Bachelor’s Degree in Laws (LL.B.), Thammasat University • Honorary Doctorate Degree in Business Administration, Sasin Graduate
• Graduate Diploma Program in Business Law, Thammasat University Institute of Business Administration of Chulalongkorn University
• Certificate, Administrative Justice for Executives, Administrative Court • Master’s Degree in Management, Sloan School of Management,
Office, Class 3 Massachusetts Institute of Technology, USA
• Certificate in Top Executives in the Energy Education Program, • Master’s Degree in Chemical Engineering, Massachusetts Institute of
Technology, USA
Thailand Energy Academy (TEA), Class 8 • Bachelor’s Degree in Chemical Engineering, Worcester Polytechnic
• Diploma, National Defence College, The Joint State - Private Sector Institute, USA
Course, Class B.E. 2551 IOD Training Program
IOD Training Program • Ethical Leadership Program (ELP), Class 1/2015
• Director Certification Program (DCP), Class 246/2017 • Director Accreditation Program (DAP), Class TG/2004
Shareholding* 2,500 shares or 0.00013% • The Role of Chairman Program (RCP), Class 2/2001
Family relationship with other directors and members of management • Director Certification Program (DCP), Class 3/2000
Shareholding* 5,300,200 shares or 0.27767%
None Family relationship with other directors and members of management
Work experience • Nephew of Mr. Charn Sophonpanich - Director
96 • 12 April 2017 Independent Director, Bangkok Bank Public Work experience
- Present Company Limited • 1994 - Present President, Bangkok Bank Public Company Limited
• 1999 - 2012 Senior Legal Advisor & Litigator, • 1992 - Present Director and Member, Board of Executive Directors,
Linklaters (Thailand) Limited Bangkok Bank Public Company Limited
• 1981 - 1994 Chief Officer, Jakkapong Law Office • 28 December 2009 Chairman, Bangkok Bank (China) Company
Positions in other listed companies None - Present Limited
Positions in non-listed companies • 14 February 2011 Member, Board of Investment
- 30 April 2014
• 1994 - Present Managing Director, Jakkapong Law Office • 10 August 2010 Director, Thai Asset Management Corporation
Company Limited - 8 June 2011
• 19 July 2010 Director, Payment Systems Committee
- 30 April 2014
• 19 July 2010 Chairman, Thai Bankers’ Association
- 30 April 2014
• 2006 - 2008 Member, The National Legislative Assembly
• 2004 - January 2016 Member, Board of Trustees, Singapore
Management University
• 2003 Director, the Electronic Transactions Commission
- September 2009
• 2002 - 2008 Director, Thai Airways International Public
Company Limited
• 2002 - 2006 Chairman, Thai Bankers’ Association
• 2002 - 2006 Director, Thai Asset Management Corporation
• 2001 - 2008 Director, VISA International - Asia Pacific
Positions in other listed companies
• 1993 - Present Director, Post Publishing Public Company Limited
Positions in non-listed companies
• 29 August 2017 Member, National Strategy Committee
- Present
• 15 August 2017 Member, National Economic Reform Committee
- Present
• 21 October 2014 Director, Electronic Transactions Development
- Present Agency (Public Organization)

* Inclusive of those shares held by spouse and children who have not yet come of age
 Bangkok Bank Public Company Limited | Annual Report 2018

• 25 June 2013 Board, National Science and Technology

- Present Development Agency
• 18 February 2010 Director, TRG Management LP 15. MR. CHANSAK
- Present FUANGFU
• 18 February 2010 Director, TRG Allocation LLC
- Present
• 30 April 2009 Member, Board of Trustees, Bangkok University Executive Director and
- Present Senior Executive Vice President
Member of the Board of
Executive Directors

Age 69
14. MR. SUVARN Date of appointment to the Board 29 December 2011
THANSATHIT Years of directorship 7

Educational qualifications
Executive Director and • Master’s Degree in Business Management (M.B.M.), Asian Institute of
Senior Executive Vice President Management, the Philippines
Member of the Board of Executive Directors • Bachelor’s Degree in Economics, 2nd Class Honors, Thammasat
Member of the Risk Management Committee University
• Advanced Management Program, Harvard Business School, USA
Age 74 • National Defence College, Class 399
Date of appointment to the Board 26 October 2006 • Energy Literacy for a Sustainable Future, Class 8, Thailand Energy
Years of directorship 12 Academy, Ministry of Energy
• The Rule of Law for Democracy, Class 5, Institute of Constitutional
Court, Office of the Constitutional Court
Educational qualifications IOD Training Program
• Master’s Degree of Science in Commerce, University of Santo Tomas, • Director Accreditation Program (DAP), Class 9/2004
the Philippines Shareholding* None
• Bachelor’s Degree in Business Administration Management, Family relationship with other directors and members of management
University of the East, the Philippines None
97
• National Defence College, Class 355 Work experience
IOD Training Program • 1 January 2018 Member, Board of Executive Directors,
• Director Certification Program (DCP), Class 63/2005 - Present Bangkok Bank Public Company Limited
Shareholding* 8,860 shares or 0.00046% • December 2011 Director and Senior Executive Vice President,
Family relationship with other directors and members of management - Present Bangkok Bank Public Company Limited
None • 2006 - 2015 Independent Director, Wave Entertainment
Work experience Public Company Limited
• 2007 - Present Member, Board of Executive Directors, • 2001 - 2011 Senior Executive Vice President, Bangkok Bank
Bangkok Bank Public Company Limited Public Company Limited
• October 2006 Director and Senior Executive Vice President, • 1994 - 2001 Executive Vice President, Bangkok Bank Public
- Present Bangkok Bank Public Company Limited Company Limited
• 2004 - Present Member, Risk Management Committee, • 1991 - May 2016 Director, Hi-Tech Nittsu (Thailand) Company Limited
Bangkok Bank Public Company Limited • 1988 - September 2016 Director, Thai Industrial Estate Company Limited
• 1996 - 2006 Senior Executive Vice President, • 1982 - 1994 Executive Officer, Bangkok Bank Public
Bangkok Bank Public Company Limited Company Limited
• 1990 - 1996 Executive Vice President, Bangkok Bank Public Positions in other listed companies
Company Limited • 2010 - Present Independent Director, BEC World Public
• 1978 - 1990 Executive Officer, Bangkok Bank Public Company Limited
Company Limited • 2003 - Present Independent Director, BEC-Tero Entertainment
Positions in other listed companies Public Company Limited
• 2005 - Present Director, Remuneration and Nomination Positions in non-listed companies
Committee, Bangkok Insurance Public Company • 1994 - Present Director, Teijin Polyester Company Limited
Limited
• 2002 - Present Chairman, Audit Committee, Lalin Property
Public Company Limited
Positions in non-listed companies
• 2016 - Present Chairman, Bualuang Ventures Limited
• 2006 - Present Chairman, Sinnsuptawee Company Limited

* Inclusive of those shares held by spouse and children who have not yet come of age
 Annual Report 2018 | Bangkok Bank Public Company Limited

Positions in non-listed companies

• 2018 - Present Governor, The Stock Exchange of Thailand
16. MR. CHARAMPORN • 2017 - Present Director, The Thai Silk Company Limited
JOTIKASTHIRA (Jim Thompson)
• 2017 - Present Director, Office of the National Strategy Drafting
Committee
• 2017 - Present Member, Chulabhorn Royal Academy Council
Executive Director • 2010 - Present Director, Suksapattana Foundation
Member of the Board of • 2004 - Present Director, Foundation for Research in
Executive Directors Information Technology

Age 62
Date of appointment to the Board 12 April 2017
Years of directorship 2 17. MR. THAWEELAP
RITTAPIROM
Educational qualifications
• Master’s Degree in Business Administration, Harvard University, USA
• Bachelor’s Degree in Electrical Engineering and Computer Science, Executive Director and
Massachusetts Institute of Technology, USA Executive Vice President
• Certificate, Executive Leadership Program, Capital Market Academy, Member of the Board of Executive Directors
Class 11
• Certificate, The Executive Program of Energy Literacy for a Sustainable
Future, Thailand Energy Academy (TEA), Class 1/2012 Age 51
• Diploma, National Defence College, The Joint State - Private Sector Date of appointment to the Board 23 December 2010
Course, Class B.E. 2547 Years of directorship 8
IOD Training Program
• Director Certification Program (DCP), Class 185/2014 Educational qualifications
• IT Governance and Cyber Resilience Program (ITG), Class 7/2018 • Doctor of Jurisprudence (J.S.D.), University of Chicago Law School,
Shareholding* None
98 Family relationship with other directors and members of management USA
None • Master of Laws (LL.M.), University of Chicago Law School, USA
Work experience • Master of Laws (LL.M.), University of Michigan Law School, USA
• 1 January 2018 Member, Board of Executive Directors,
• Bachelor of Laws (LL.B.), Thammasat University
IOD Training Program
- Present Bangkok Bank Public Company Limited • Director Certification Program (DCP), Class 143/2011
• 12 April 2017 Director, Bangkok Bank Public • Director Accreditation Program (DAP), Class 87/2011
- Present Company Limited Shareholding* None
• 2014 President, Thai Airways International Family relationship with other directors and members of management
- 9 February 2017 Public Company Limited None
• 2015 Director and Chairman, Corporate Governance Work experience
- 9 February 2017 Committee, Nok Airlines Public Company Limited • 1 January 2018 Member, Board of Executive Directors,
• 2011 - 2014 Chairman, Electronic Transactions Development - Present Bangkok Bank Public Company Limited
Agency (Public Organization) • December 2010 Director and Executive Vice President,
• 2011 - 2014 Member, The Financial Institutions Policy - Present Bangkok Bank Public Company Limited
Committee (FIPC), Bank of Thailand • 2001 - 2010 Executive Officer, Bangkok Bank Public
Company Limited
• 2010 - 2014 President and CEO, The Stock Exchange of • 1989 - 1992 Legal Officer, Legal Department,
Thailand the Siam Cement Company Limited
• 2008 - 2010 Chief Information Officer, Siam Commercial Positions in other listed companies None
Bank Public Company Limited Positions in non-listed companies
• 1999 - 2008 Executive Vice President, Siam Commercial • 2018 - Present Committee Member, The Board of Governors of
Bank Public Company Limited the Faculty of Law, Thammasat University
• 1995 - 1999 President, SCB Securities Company Limited • 2018 - Present Committee Member, Institution for Technology
• 1992 - 1994 President, SCB Asset Management Company and Innovation Management, Mahidol University
Limited • 2018 - Present Committee Member, Marketing Association of
Positions in other listed companies Thailand
• 2017 - Present Independent Director and Member, Audit Committee, • 2017 - Present Member of the Sub-Committee on Reform of
Minor International Public Company Limited Business Activity Regulations under
• 2017 - Present Independent Director and Member, Audit Committee, the Fast-Action Law Reform Committee
Singha Estate Public Company Limited • 2016 - Present Committee Member, Committee for
the Protection of Credit Information
• 2014 - Present Committee Member, Thammasat Law
Association, Thammasat University

* Inclusive of those shares held by spouse and children who have not yet come of age
 Bangkok Bank Public Company Limited | Annual Report 2018

18. MR. APICHART

RAMYARUPA

Corporate Secretary
Executive Vice President

Age 71
Years as Corporate Secretary 11

Educational qualifications
• Master’s Degree in Business Administration, Seton Hall University, USA
• Bachelor’s Degree in Accounting, Thammasat University
• Certificate, Advanced Bank Management Program, Asian Institute of
Management, the Philippines
• Certificate, Pacific Rim Bankers Program, University of Washington, USA
• Diploma, National Defence College, The Joint State - Private Sector
Course, Class 12
IOD Training Program
• Director Certification Program (DCP), Class 56/2005
Shareholding* 5,026 shares or 0.00026%
Family relationship with other directors and members of management
None
Work experience
• August 2008 Corporate Secretary, Bangkok Bank Public 99
- Present Company Limited
• 1996 - Present Executive Vice President, Bangkok Bank Public
Company Limited
• 2005 - 2008 Secretary to the Board of Directors,
Bangkok Bank Public Company Limited
• 1997 - 2013 Chairman, Thanathep Printing Company Limited
• 1988 - 1996 Executive Officer, Bangkok Bank Public
Company Limited
Positions in other listed companies None
Positions in non-listed companies
• 1975 - Present Director, Nitikit Company Limited

* Inclusive of those shares held by spouse and children who have not yet come of age
 Annual Report 2018 | Bangkok Bank Public Company Limited

+ BOARD OF DIRECTORS AND

TOP EXECUTIVES

Board of Directors Nomination and Remuneration Committee

Chairman Chairman
Piti Sithi-Amnuai Kovit Poshyananda
Directors Members
Deja Tulananda Phornthep Phornprapha
Admiral Prachet Siridej Charn Sophonpanich/1
Kovit Poshyananda Secretary
Singh Tangtatswas Ruchanee Nopmuang (Mrs.)
Amorn Chandarasomboon
H.S.H. Prince Mongkolchaleam Yugala
Phornthep Phornprapha
Charn Sophonpanich Risk Management Committee
Gasinee Witoonchart (Mrs.)
Arun Chirachavala Chairman
Chokechai Niljianskul Arun Chirachavala/2
Chartsiri Sophonpanich Members
100 Suvarn Thansathit Charn Sophonpanich
Chansak Fuangfu Amorn Chandarasomboon
Charamporn Jotikasthira Suvarn Thansathit
Thaweelap  Rittapirom Chokechai Niljianskul/3
Corporate Secretary Secretary
Apichart Ramyarupa Kirati Laisathit/3

Audit Committee Board of Executive Directors

Chairman Chairman
Admiral Prachet Siridej Deja Tulananda
Members Directors
H.S.H. Prince Mongkolchaleam Yugala Singh Tangtatswas
Gasinee Witoonchart (Mrs.) Amorn Chandarasomboon
Arun Chirachavala Chartsiri Sophonpanich
Secretary Suvarn Thansathit
Pornthep Kitsanayothin Chansak Fuangfu
Charamporn Jotikasthira
Thaweelap  Rittapirom

President
Chartsiri Sophonpanich
Senior Executive Vice President
Suvarn Thansathit
Chansak Fuangfu

Remarks : /1 Charn Sophonpanich was appointed as a member of the Nomination and Remuneration Committee to replace Amorn Chandarasomboon on
January 31, 2019
/2 Arun Chirachavala was appointed as Chairman of the Risk Management Committee to replace Singh Tangtatswas on February 21, 2019
/3 Effective from February 21, 2019
 Bangkok Bank Public Company Limited | Annual Report 2018

TOP EXECUTIVES
Mr. Boonsong Bunyasaranand Mr. Siridej Aungudomsin
• Senior Executive Vice President, Manager, Treasury Division • Senior Executive Vice President, in charge of Business Banking
Directorship in Other Companies Directorship in Other Companies
• BBL (Cayman) Limited • Bualuang Ventures Limited

Mr. Chong Toh Mrs. Ruchanee Nopmuang

• Senior Executive Vice President • Senior Executive Vice President, in charge of General
Directorship in Other Companies Management and Human Resources Division
• Bangkok Bank (China) Company Limited Directorship in Other Companies
• Bualuang Securities Public Company Limited • None
• Bumrungrad Hospital Public Company Limited
• Asia Cement Public Company Limited Mr. Chaiyarit Anuchitworawong
• Bangkok Capital Asset Management Company Limited • Senior Executive Vice President, Head of International
• Asia Landmark Fund Limited Banking Group & Manager, International Branch Division
• Asia Landmark Master Fund Limited Directorship in Other Companies
• Asia Landmark (US) Fund Limited • BBL (Cayman) Limited
• NSR SEA Fund • Bangkok Bank (China) Company Limited
• Bangkok Bank Berhad, Malaysia
Miss Suteera Sripaibulya
• Senior Executive Vice President, Manager, Technology Division Mr. Kanit Si
Directorship in Other Companies • Senior Executive Vice President, in charge of Chemical and
• Anew Corporation Limited Petrochemical 1, 2 & 3, Chinese Corporate,
• Business Online Public Company Limited Multinational 1 & 2 and Special Business, Corporate Banking 101
• Processing Center Company Limited Directorship in Other Companies
• Bangkok Smartcard System Company Limited • TPT Petrochemicals Public Company Limited
• National Credit Bureau Company Limited • Indorama Ventures Public Company Limited
• National ITMX Company Limited • Indorama Polyester Industry Public Company Limited
• National Digital ID Company Limited • Bangkok Industrial Gas Company Limited
• HMC Polymers Company Limited
Miss Rushda Theeratharathorn • Golden River Investment International Corporation
• Senior Executive Vice President • Thai Oil Public Company Limited
Directorship in Other Companies
• Bangkok Bank Berhad, Malaysia Miss Niramarn Laisathit /4
• Sinnsuptawee Asset Management Company Limited • Senior Executive Vice President, in charge of Light Industry,
• Bangkok Bank (China) Company Limited Energy, Conglomerate 3, Trading and Manager, Energy,
• Bualuang Ventures Limited Corporate Banking
Directorship in Other Companies
Mr. Virasak Sutanthavibul • Gateaux House Company Limited
• Senior Executive Vice President, in charge of Commercial Banking • Bangkok Bank (China) Company Limited
Directorship in Other Companies
• Bangkok Insurance Public Company Limited Mr. Thaweelap Rittapirom
• Toyota Leasing (Thailand) Company Limited • Executive Vice President, Member of the Board of Directors,
• T. Krungthai Industries Public Company Limited in charge of Product and Distribution Department and
• Asia Lamp Industry Company Limited Credit Card Division
• The Grand UB Company Limited Directorship in Other Companies
• Thai Indo Kordsa Company Limited • None
• Bualuang Ventures Limited
• Thai Plaspac Public Company Limited

Remarks : /4 Effective from February 1, 2019

 Annual Report 2018 | Bangkok Bank Public Company Limited

Mr. Apichart Ramyarupa Mr. Bhakorn Vanuptikul

• Executive Vice President, Office of the President and • Executive Vice President, in charge of Property Management
Corporate Secretary Department
Directorship in Other Companies Directorship in Other Companies
• None • Thai Obayashi Corporation Limited
• Nantawan Management Company Limited
Miss Piyada Sucharitkul
• Executive Vice President, Office of the President Mr. Ian Guy Gillard
Directorship in Other Companies • Executive Vice President, End User Support, Technology Division
• Sinnsuptawee Asset Management Company Limited Directorship in Other Companies
• R3 HoldCo LLC.
Mr. Piyapan Tayanithi
• Executive Vice President, Manager, Research Department Mr. Lin Cheng Leo, Kung
Directorship in Other Companies • Executive Vice President, Hong Kong and China,
• Mena Transport Company Limited in charge of Business Expansion and IT (China)
Directorship in Other Companies
Mr. Panit Dunnvatanachit • Ancient Castle Company Limited
• Executive Vice President, in charge of Construction, • Manyulon Properties Limited
Property Development, Telecommunication and Manager, • Step High Company Limited
Telecommunication, Corporate Banking • Victoria Management Limited
Directorship in Other Companies • Ocean Park Corporation Limited
• K. Engineering Consultants Company Limited • Bangkok Bank (China) Company Limited
• Bangkok Expressway and Metro Public Company Limited • World Guide Corporation Limited
• Thai Yamaha Motor Company Limited • Southern Ocean Investment Limited
• Srisak Company Limited • Whodun Limited
102 • Pioneer Land Company Limited • Pasteur Foundation Asia
• Helping Hand
Mrs. Yaowadee Nakhata
• Executive Vice President, in charge of Conglomerate 2, Mr. Sa-ard Theerarojanawong
Financial Institution, Agro Industry and Heavy Industry, • Executive Vice President, Foreign Exchange Trading
Corporate Banking Department, Treasury Division
Directorship in Other Companies Directorship in Other Companies
• Bualuang Securities Public Company Limited • BBL (Cayman) Limited
• Rayong Bulk Terminal Company Limited
Mr. Thawat Treewannakul
Mr. Kajornvut Tayanukorn • Executive Vice President, in charge of Credit Management
• Executive Vice President, Application Support, Directorship in Other Companies
Technology Division • Seacon Development Public Company Limited
Directorship in Other Companies • TNP Industry Company Limited
• Samart Telcoms Public Company Limited • Thai Nam Plastic Public Company Limited
• Processing Center Company Limited • Bualuang Ventures Limited
• Panus Poultry Group Company Limited
Mr. Songkram Sakulphramana
• Executive Vice President, in change of Loan Recovery and Mr. Kraisorn Barameeauychai
Legal, Credit Management • Executive Vice President, Manager, Loan Recovery and
Directorship in Other Companies Legal, Credit Management
• None Directorship in Other Companies
• None
Mr. Hitoshi Ozawa
• Executive Vice President, in charge of Japanese Corporate, Mrs. Prassanee Ouiyamaphan
Corporate Banking • Executive Vice President, Non Branch Distribution Channel,
Directorship in Other Companies Consumer Banking
• None Directorship in Other Companies
• None
 Bangkok Bank Public Company Limited | Annual Report 2018

Mr. Pornthep Kitsanayothin Mr. Thanit Sirichote

• Executive Vice President, in charge of Compliance • Executive Vice President, Corporate Cash Management
Directorship in Other Companies Services, Office of the President
• None Directorship in Other Companies
• PCC Capital Company Limited
Mr. Than Siripokee
• Executive Vice President, in charge of Credit Approval, Mr. Shoke Na Ranong
Business Banking • Executive Vice President, Manager, Credit Card Division
Directorship in Other Companies Directorship in Other Companies
• Chu kai Public Company Limited • Thai Payment Network Company Limited
• Cube Real Property Company Limited
Miss Pochanee Kongkalai
Mr. Narin Opamuratawongse • Executive Vice President, Relationship and
• Executive Vice President, Manager, Merchant Banking Division Sales Management, Consumer Banking
Directorship in Other Companies Directorship in Other Companies
• BBL Asset Management Company Limited • Warin Fruits Company Limited
• MPG Corporation Public Company Limited
Mr. Kukkong Ruckphaopunt
Mr. Kirati Laisathit • Executive Vice President, Customer Service Management,
• Executive Vice President, in charge of Risk Management Technology Division
Directorship in Other Companies Directorship in Other Companies
• Gateaux House Company Limited • Thai Digital ID Company Limited

Mrs. Pornnit Dunnvatanachit Mr. Kanoksak Mokkamakkul

• Executive Vice President, Manager, Shared Operation and • Executive Vice President, Head of Metropolitan
in charge of Securities Service Department Commercial Banking, Commercial Banking 103
Directorship in Other Companies Directorship in Other Companies
• BBL (Cayman) Limited • None
• PCC Capital Company Limited
Miss Benjaporn Prisuwanna
Miss Jirana Osothsilp • Executive Vice President, Manager, Accounting and
• Executive Vice President, Credit Acceptance, Credit Management Finance Division
Directorship in Other Companies Directorship in Other Companies
• None • None

Miss Sutthirat Pacheerat Mr. Preyamit Hetrakul

• Executive Vice President, Manager, Sugar Industry, • Executive Vice President, Special Asset Management,
Corporate Banking Credit Management
Directorship in Other Companies Directorship in Other Companies
• None • None

Mrs. Nutthaporn Luangsuwan Mrs. Suchada Sukpantavorn

• Executive Vice President, Co-Head of International Banking Group • Executive Vice President, Manager, Chemical and
Directorship in Other Companies Petrochemical 2, Corporate Banking
• Bangkok Ranch Public Company Limited Directorship in Other Companies
• BBL (Cayman) Limited • Bangkok Synthetics Company Limited
• BST Elastomer Company Limited
Mr. Thongchai Ananthothai • Indorama Polyester Industries Public Company Limited
• Executive Vice President, in charge of Automobile and
Heavy Equipment, Electronics and Computer Parts, Mr. Samart Chutchawanjumrut
Textile and Garment, Conglomerate 1, Service Industry, • Executive Vice President, Operations and Control,
Conglomerate 4 and Sugar Industry, Corporate Banking Treasury Division
Directorship in Other Companies Directorship in Other Companies
• Laguna Resorts & Hotels Public Company Limited • None
 Annual Report 2018 | Bangkok Bank Public Company Limited

Miss Kamolrut Silapatkul Miss Nithawadee Limpodom

• Executive Vice President, Operations and Control, • Executive Vice President, International Banking Group
Treasury Division Directorship in Other Companies
Directorship in Other Companies • None
• None
Mr. Rachot Sektrakul
Mr. Boongrieng Thanaphansin • Executive Vice President, Head of Metropolitan
• Executive Vice President, Head of Provincial Business Banking, Business Banking
Commercial Banking, Commercial Banking Directorship in Other Companies
Directorship in Other Companies • None
• None
Mr. Chonganan Anantasak
Mrs. Yoopin Saengthongpithak • Executive Vice President, Head of Provincial
• Executive Vice President, Marketing, Treasury Division Business Banking, Business Banking
Directorship in Other Companies Directorship in Other Companies
• None • None
Miss Sudsanguan Chusacultanachai Mr. Jessada Sukhabote
• Executive Vice President, Office of the President • Executive Vice President, Manager, Credit Acceptance,
Directorship in Other Companies Credit Management
• None Directorship in Other Companies
• None
Miss Thantika Bodhisompon
• Executive Vice President, in charge of Office of the President Mr. Chalit Tayjasanant
and Public Relations Department • Executive Vice President, General Manager, Jakarta Branch,
104 Directorship in Other Companies International Branch Division, International Banking Group
• Pantavanij Company Limited Directorship in Other Companies
• None
Mrs. Chutima Kitchamnong
• Executive Vice President, in charge of Audit and Control Division Mrs. Oranuch Nampoolsuksan
Directorship in Other Companies • Executive Vice President, Accounting and Finance Division
• None Directorship in Other Companies
• None
Mr. Hiroshi Shimamura
• Executive Vice President, Manager, Japanese Corporate, Mr. Pipat Assamongkol
Corporate Banking • Executive Vice President, in charge of Corporate Cash
Directorship in Other Companies Management Services and Trade Services
• None Directorship in Other Companies
• Yongseng Pawnshop Limited Partnership
Mr. Suwatchai Songwanich
• Executive Vice President, International Banking Group Mrs. Athita Pureetip/5
Directorship in Other Companies • Executive Vice President, Manager, Research and
• Bangkok Bank (China) Company Limited Analytics, Consumer Banking
Directorship in Other Companies
Mr. Vetit Assawamangcla • None
• Executive Vice President, Manager, Human Resources Division
Directorship in Other Companies
• Bangkok Life Assurance Public Company Limited

Mr. Kelvin Yoong Tao Foo

• Executive Vice President, Consumer Product Development,
Consumer Banking
Directorship in Other Companies
• None

Remarks : /5 Effective from February 1, 2019

 Bangkok Bank Public Company Limited | Annual Report 2018

APPROPRIATION OF PROFIT FOR THE YEAR 2018

In 2018, the net profit from operations of the Bank amounted to Baht 38,391,371,219.10.The Board of Directors had appropriated
a part of the profit in the first half and paid an interim dividend on September 28, 2018 at the rate of Baht 2.00 per share. The Board
of Directors has now passed a resolution to submit to the shareholders’ meeting for consideration of the appropriation of profit
for 2018 and the payment of the final dividend at the rate of Baht 4.50 per share, details as follows:

Appropriation
Legal reserve
For the period January-June 2018 Baht 500,000,000.00
For the period July-December 2018 Baht 500,000,000.00 Baht 1,000,000,000.00
Other reserve
For the period January-June 2018 Baht 5,000,000,000.00 Baht 5,000,000,000.00
Dividend on ordinary shares
1,908,842,894 shares at Baht 2.00 per share Baht 3,817,685,788.00
1,908,842,894 shares at Baht 4.50 per share Baht 8,589,793,023.00 Baht 12,407,478,811.00
105

If approved by the meeting of shareholders as proposed, the dividend payments made by the Bank for the year 2018 for
1,908,842,894 ordinary shares would be at a total rate of Baht 6.50 per share, totaling Baht 12,407,478,811.00 or 32.32 percent
of the annual net profit. This compares with the dividend paid at the rate of Baht 6.50 per share in 2017, totaling Baht
12,407,478,811.00 or 39.30 percent of the annual net profit.
 Annual Report 2018 | Bangkok Bank Public Company Limited

REPORT OF THE NOMINATION AND

REMUNERATION COMMITTEE
To Shareholders,
Bangkok Bank Public Company Limited has appointed the Nomination and Remuneration Committee which comprises three directors,
while the Chairman of the Nomination and Remuneration Committee is an independent director and does not serve on any other
committee. The members of the existing Nomination and Remuneration Committee are:
1. Mr. Kovit Poshyananda Chairman of the Nomination and Remuneration Committee
2. Mr. Amorn Chandarasomboon Member of the Nomination and Remuneration Committee
3. Mr. Phornthep Phornprapa Member of the Nomination and Remuneration Committee
The Nomination and Remuneration Committee has performed its duties as assigned by the Board of Directors and as defined in the
charter of the Nomination and Remuneration Committee. It has the responsibility of selecting suitable candidates and proposing them
to the Board of Directors for their nomination as members of the Board of Directors, as members of committees whose authorities,
duties and responsibilities are assigned directly by the Board of Directors, or as senior executives from the level of Executive Vice
President and upwards, as well as determining the remuneration for the Bank’s Directors and senior executives from the level of
Executive Vice President and upwards to be proposed to the Board of Directors. The Nomination and Remuneration Committee has
established and obtained approval from the Board of Directors for policies, criteria and a clear methodology in accordance with its
charter and the relevant regulatory requirements which provide the guidelines and framework for the Committee in carrying out its
duties, as follows:
106 In selecting and nominating members of the Board of Directors, members of the committees, and senior executives from the level
of Executive Vice President and upwards, the Nomination and Remuneration Committee takes into consideration the specific
qualifications, knowledge, abilities, skills, experience and expertise of each individual as well as their leadership, vision and
attitude toward the organization, with the view that such qualities would be beneficial to the Bank’s operations. The Nomination
and Remuneration Committee also takes into consideration the appropriate size, structure and composition of the Board of
Directors which is well-balanced and supportive of good corporate governance and efficient management, complies with regulatory
requirements and is suitable for the changing business environment. Appointments of the members of the Board of Directors and
senior executives from the level of Executive Vice President and upwards have been approved by the Bank of Thailand.
In determining remuneration for the members of the Board of Directors and the senior executives from the level of Executive Vice
President and upwards, the Nomination and Remuneration Committee takes into consideration that such remuneration is
commensurate with the duties and responsibilities assigned, the individual’s performance, the Bank’s overall performance, the
business environment, and factors which may affect the Bank’s operations or the economy as a whole.
In 2018, the Nomination and Remuneration Committee held eleven meetings to carry out the duties assigned.
As of December 31, 2018, the Board of Directors comprises seventeen directors. Among them, seven are independent directors, two
are not executives and eight are executives. The Nomination and Remuneration Committee required the Bank’s directors to assess
the performance of the Board of Directors and the committees to review their own undertakings in the year under review. The
remuneration for the directors and executives is presented in this Annual Report in the section entitled ‘The Remuneration and Benefits
for the Board of Directors and Executives’. The Committee is of the opinion that such remuneration is appropriate and commensurate
with the assigned duties and responsibilities, and complies with the policy and criteria established by the Nomination and Remuneration
Committee. The said remuneration has been considered and approved by the Board of Directors.

(Kovit Poshyananda)
Chairman
Nomination and Remuneration Committee
January 31, 2019
 Bangkok Bank Public Company Limited | Annual Report 2018

REPORT OF THE BOARD OF

DIRECTORS’ RESPONSIBILITIES
FOR THE FINANCIAL STATEMENTS

To Shareholders,
The Board of Directors is responsible for the consolidated financial statements of the Bank and its subsidiaries, the separate financial
statements of the Bank, and the financial information in the Annual Report. The said financial statements for the year ended
December 31, 2018 have been prepared in accordance with Thai Financial Reporting Standards, with appropriate accounting
policies applied on a consistent basis. Where judgment and estimates were required, these were made with careful and reasonable
consideration, and adequate disclosures have been made in the notes to the financial statements. These financial statements
have been audited by independent certified auditors who have given their unqualified opinions.

The Board of Directors has established an internal control system and a risk management system to reasonably ensure that the
financial records are accurate and complete. The Board of Directors has appointed an Audit Committee which comprises four
independent directors who are responsible for reviewing the financial reports and for maintaining the adequacy of the internal control
and audit systems of the Bank. The Audit Committee has expressed its opinion with regard to the stated matters in the Report of the 107
Audit Committee which is presented in this Annual Report.

The Board of Directors is of the opinion that the Bank’s overall internal control system is adequate and appropriate and can reasonably
assure the creditability of the consolidated financial statements of the Bank and its subsidiaries and the separate financial statements
of the Bank for the year ended December 31, 2018.

(Piti Sithi-Amnuai)
Chairman of the Board of Directors
February 21, 2019
 Annual Report 2018 | Bangkok Bank Public Company Limited

REPORT OF THE AUDIT COMMITTEE

To Shareholders,
The Audit Committee of Bangkok Bank Public Company Limited comprises four members of the Board of Directors, all of whom are
independent directors, and who have sufficient knowledge and experience to reliably audit the financial statements. No Audit
Committee member serves on any other committee and members are not authorized by the Board of Directors to make decisions
on the operations of the Bank or any related operations. The members of the Audit Committee are:

1. Admiral Prachet Siridej Chairman of the Audit Committee

2. H.S.H. Prince Mongkolchaleam Yugala Member of the Audit Committee
3. Associate Professor Gasinee Witoonchart Member of the Audit Committee
4. Mr. Arun Chirachavala Member of the Audit Committee

Mr. Pornthep Kitsanayothin, Executive Vice President, is the Secretary of the Audit Committee.

In 2018, the Audit Committee held 17 meetings to perform its duties within the scope of the responsibilities stipulated in the charter
of the Audit Committee assigned by the Board of Directors and in accordance with the requirements of the Stock Exchange of Thailand
and the Bank of Thailand. The Audit Committee reported the conclusion of each meeting to the Board of Directors as follows.
108
Financial reports
The Audit Committee performed audits on quarterly, half-yearly, and annual financial reports by holding meetings in conjunction with
the independent auditors, executives from the Accounting and Finance Division, and management and executives from the Audit
and Control Division to consider financial reports, disclosure of information supplementary to the financial statements, major
accounting policies and projections, as well as remarks made by the independent auditors on the Bank’s financial statements.
Furthermore, the Audit Committee considered the Bank’s performance results on a monthly basis and held meetings with the
independent auditors, without the participation of the Bank’s management, to discuss the independence of the auditors in performing
their duties and expressing opinions. The independent auditor confirmed that such meetings can be held according to the specified
plan and guidelines without any hindrance or restrictions and that the independent auditor can express opinions freely according to
auditing standards.

In addition, the Audit Committee has consulted with the independent auditors and executives on the readiness of the Bank to comply
with the standards of the group of financial instruments and other important accounting standards.

In the course of its duties, the Audit Committee has reviewed the financial statements of Bangkok Bank Public Company Limited as
of December 31, 2018, and is of the opinion that these financial statements are in accordance with Thai Financial Reporting Standards
and of appropriate accuracy in significant essence and sufficient disclosure of appropriate information. The independent auditors
have expressed their opinion thereon as presented in their report to the Board of Directors and to shareholders. The independent
auditors have performed their duties and expressed their opinion independently.
Internal control and audit systems
The Audit Committee has considered and approved the annual audit plan of the Audit and Control Division which has been developed
and improved with audit procedures that focus on risk assessment of activity levels so that it is efficient and current, and covers
important operations and units exposed to high levels of risk. The Audit Committee has also reviewed the performance results of the
Audit and Control Division against the plan on a monthly basis, as well as to approve the appointment, transfer, compensation,
performance appraisal and termination of employment of the Manager of the Audit and Control Division, participated in meetings to
consider summarizing the results of the annual audits with the Audit and Control Division and executives from the Bank’s divisions
 Bangkok Bank Public Company Limited | Annual Report 2018

which had been jointly audited to determine guidelines to improve internal control systems to be sufficient and appropriate, and
considered audit results of the Bank of Thailand, independent auditors and local authorities in which the Bank’s branches are located.
The meetings aimed to assess the status of the internal control and risk management systems, and to follow up on the results of
regular corrective measures taken in each quarter. Furthermore, the Audit Committee has performed an annual assessment of the
sufficiency of the internal control system and submitted the results to the Board of Directors.

The Audit Committee is of an opinion that the Bank’s internal control and audit systems are sufficient, appropriate, and continuously
developed.

Auditors
The Audit Committee has selected the Bank’s independent auditors by considering their knowledge, ability, experience, credibility
and sufficiency of resources as well as the results of assessment on their independence and the quality of work of the auditors in the
past year. With regard to the remuneration for the independent auditors, the Audit Committee has considered their scope of
responsibilities, remuneration rates at other auditing firms, and available information on remuneration for independent auditors at
other commercial banks.

The Audit Committee has considered and nominated the auditors of Deloitte Touche Tohmatsu Jaiyos Audit Company Limited to be
the Bank’s independent auditors for 2019 and has also considered the suitability of their remuneration. The Audit Committee has
submitted its opinions and recommendations on the appointment and remuneration of the independent auditors to the Board of
Directors, to be proposed to the shareholders’ meeting for approval.

Regulatory compliance
The Audit Committee has reviewed the Bank’s operations to ascertain compliance with requirements and laws relevant to the
banking business, such as the Acts regarding Public Limited Companies, Financial Institution Business, and Securities and 109
Exchange, other relevant laws, other requirements of supervisory authorities and local authorities in which the Bank’s branches are
located, as well as the Compliance Policy that the Bank has defined as a basic guideline for directors, management and employees
to comply with. In so doing, the Audit Committee has considered on a regular basis the results of the supervision for compliance
with regulations of the regulatory authorities, the Audit and Control Division, the Bank of Thailand, independent auditors and local
authorities in which the Bank’s branches are located.

The Audit Committee is of the opinion that the Bank has closely supervised and examined operations of its internal units to ascertain
that every unit operates properly and is in compliance with relevant requirements and regulations.

Connected transactions or potential conflicts of interests

The Audit Committee will consider connected transactions or transactions with potential conflicts of interest and ensure that these
transactions are reasonable, for the optimal benefit of the Bank, and disclosure of which are accurate and complete.

The Audit Committee has completely performed its duties as assigned and using its knowledge and experience with the utmost care
and independence as well as having been forthcoming in expressing its opinions for the optimal benefit of the Bank. It has not
encountered any difficulty in obtaining information, resources or cooperation from the Bank. The Audit Committee has assessed
its performance in 2018 in order to ascertain that it has been efficient and effective and has achieved its objectives as assigned by
the Board of Directors. The Audit Committee has also reviewed the charter of the Audit Committee of 2018 and it is still proper and
is in compliance with relevant requirements and regulations.

Admiral
(Prachet Siridej)
Chairman of the Audit Committee
February 20, 2019
 Annual Report 2018 | Bangkok Bank Public Company Limited

REPORT OF THE INDEPENDENT CERTIFIED

PUBLIC ACCOUNTANTS

TO THE SHAREHOLDERS AND BOARD OF DIRECTORS

BANGKOK BANK PUBLIC COMPANY LIMITED
Opinion
We have audited the consolidated financial statements of Bangkok Bank Public Company Limited and subsidiaries (the “Bank and
subsidiaries”) and the Bank’s financial statements of Bangkok Bank Public Company Limited (the “Bank”), which comprise the
consolidated and Bank’s statements of financial position as at December 31, 2018, and the related consolidated and Bank’s statements
of profit or loss and other comprehensive income, changes in shareholders’ equity and cash flows for the year then ended, and notes
to the financial statements, including a summary of significant accounting policies.

In our opinion, the accompanying consolidated and Bank’s financial statements present fairly, in all material respects, the financial
position of Bangkok Bank Public Company Limited and subsidiaries and of Bangkok Bank Public Company Limited as at December
31, 2018, and its financial performance and its cash flows for the year then ended in accordance with Thai Financial Reporting
110 Standards (“TFRSs”).

Basis for Opinion

We conducted our audit in accordance with Thai Standards on Auditing (“TSAs”). Our responsibilities under those standards are
further described in the Auditor’s Responsibilities for the Audit of the Consolidated and Bank’s Financial Statements section of our
report. We are independent of the Bank and subsidiaries in accordance with the Federation of Accounting Professions’ Code of Ethics
for Professional Accountants together with the ethical requirements that are relevant to the audit of the consolidated and Bank’s
financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that
the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
 Bangkok Bank Public Company Limited | Annual Report 2018

Key Audit Matters

Key audit matter is the matter that, in our professional judgment, was of most significance in our audit of the consolidated and Bank’s
financial statements of the current period. This matter was addressed in the context of our audit of the consolidated and Bank’s
financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on this matter.

Key Audit Matter Audit Responses

Allowance for doubtful accounts

Because allowance for doubtful accounts requires the use of Key audit procedures included
various assumptions and judgment, the recognition of allowance
for doubtful accounts in accordance with TFRSs and also the • Assessing and testing the design and operating effectiveness
of the controls over allowance for doubtful accounts data
Bank of Thailand’s notifications, which includes the consideration
and calculations. These controls testing included the
of objective evidence indicating an adverse change in the ability
understanding the accounting policies and procedures
of the borrowers to repay loans, the estimated cash flows from
regarding allowance for doubtful accounts, loan classification,
the collateral, the estimated future cash flows to be received
collateral value and loan credit review. We tested the controls
from the borrowers, the timing of future cash flows, the potential
over the end to end business process including monitoring
of additional future loss and the economic conditions that may
process, the validation process and the Board of Executive
have an impact on the loan default rate. We focused our audit
Directors’ and the Board of Directors’ approvals.
on the following areas of allowance for doubtful accounts
specifically relating to: • Performing detailed testing on samples of new and existing 111
customers used to calculate allowance for doubtful accounts.
• The classification of quality category of customer which
included the qualitative reviews to set up the allowance for This test was varied by product type, which typically included
doubtful accounts on a customer basis. the re-performance of the calculation for all product types.

• The key assumptions and judgements made by the • Testing samples of loans to ascertain whether the loss event
management that underlied the calculation of models which (that is the point at which impairment is recognized) had been
were set up by using the historical loss data and current identified on a timely manner, where allowance for doubtful
observable data together with recovery amount from accounts had been identified.
customers. • Testing the forecasts of customers’ future cash flows
prepared by the Bank’s management to support its calculation
• The allowance for doubtful accounts of loans having similar
credit risk characteristics. of the allowance for doubtful accounts including review of the
assumptions and comparing estimates to available external
• The calculation and the recognition of allowance for doubtful information.
accounts.
• Assessing allowance for doubtful accounts which has not
Accounting policy for allowance for doubtful accounts and detail been identified by management as specific allowance for
of allowance for doubtful accounts were disclosed in Notes 3.7 doubtful accounts using external evidences in forming our
and 6.7 to the financial statements, respectively. own judgment.
 Annual Report 2018 | Bangkok Bank Public Company Limited

Other Information
Management is responsible for the other information. The other information comprises information in the annual report, which is
expected to be made available to us after the date of this auditor’s report.

Our opinion on the consolidated and Bank’s financial statements does not cover the other information and we do not express any
form of assurance conclusion thereon.

In connection with our audit of the consolidated and Bank’s financial statements, our responsibility is to read the other information
identified above when it becomes available and, in doing so, consider whether the other information is materially inconsistent with
the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated.

When we read the annual report, if we conclude that there is a material misstatement therein, we are required to communicate the
matter to those charged with governance and the management of the Bank.

Responsibilities of Management and Those Charged with Governance for the Consolidated and Bank’s Financial Statements
Management is responsible for the preparation and fair presentation of the consolidated and Bank’s financial statements in accordance
with TFRSs, and for such internal control as management determines is necessary to enable the preparation of consolidated and
Bank’s financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the consolidated and Bank’s financial statements, management is responsible for assessing the Bank and subsidiaries’
112 and the Bank’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless management either intends to liquidate the Bank or to cease operations, or has no realistic
alternative but to do so.

Those charged with governance are responsible for overseeing the Bank’s financial reporting process.

Auditor’s Responsibilities for the Audit of the Consolidated and Bank’s Financial Statements
Our objectives are to obtain reasonable assurance about whether the consolidated and Bank’s financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable
assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with TSAs will always detect a
material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated
and Bank’s financial statements.

As part of an audit in accordance with TSAs, we exercise professional judgment and maintain professional skepticism throughout
the audit. We also:

• Identify and assess the risks of material misstatement of the consolidated and Bank’s financial statements, whether due to fraud
or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate
to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one
resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal
control.
 Bangkok Bank Public Company Limited | Annual Report 2018

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Bank and subsidiaries’ internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures
made by management.

• Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence
obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Bank and
subsidiaries’ and the Bank’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required
to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate,
to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However,
future events or conditions may cause the Bank and subsidiaries and the Bank to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and Bank’s financial statements, including the
disclosures, and whether the consolidated and Bank’s financial statements represent the underlying transactions and events in a
manner that achieves fair presentation.

• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Bank
and subsidiaries to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision
and performance of the group audit. We remain solely responsible for our audit opinion.
113
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit
and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding
independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our
independence, and where applicable, related safeguards.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in
the audit of the consolidated and Bank’s financial statements of the current period and are therefore the key audit matter. We describe
these matters in our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare
circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing
so would reasonably be expected to outweigh the public interest benefits of such communication.

Dr. Suphamit Techamontrikul

Certified Public Accountant (Thailand)
BANGKOK Registration No. 3356
February 21, 2019 DELOITTE TOUCHE TOHMATSU JAIYOS AUDIT CO., LTD.
 Annual Report 2018 | Bangkok Bank Public Company Limited

BANGKOK BANK PUBLIC COMPANY LIMITED AND SUBSIDIARIES

STATEMENT OF FINANCIAL POSITION
AS AT DECEMBER 31, 2018
Baht : '000
STATEMENT OF FINANCIAL
Notes 2018
POSITION
CONSOLIDATED
2017 2018
THE BANK
2017
CompanyBANGKOK
Bangkok Bank PublicASSETS BANK
Limited and PUBLIC COMPANY LIMITED AND SUBSIDIARIES
Subsidiaries
As at December 31, 2018
CASH 62,394,091POSITION65,472,802
STATEMENT OF FINANCIAL 62,329,288 65,382,699
INTERBANK AND MONEY MARKET ITEMS, NET AS 6.2AT DECEMBER
450,699,724
31, 2018 437,738,297 404,378,243 385,771,851
DERIVATIVES ASSETS 6.3 28,649,605 27,359,581 28,334,423 27,047,821
Baht : '000
INVESTMENTS, NET 6.4 556,787,522
CONSOLIDATED591,719,967 525,694,808
THE BANK 563,445,386
INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES, NET 6.5
Notes 1,607,844
2018 1,460,090
2017 37,290,633
2018 37,090,632
2017
LOANS TO CUSTOMERSASSETS AND ACCRUED
INTEREST
CASH RECEIVABLES, NET 6.6 62,394,091 65,472,802 62,329,288 65,382,699
Loans to AND
INTERBANK customers
MONEY MARKET ITEMS, NET 6.2 2,083,702,949
450,699,724 2,004,496,384
437,738,297 2,026,148,551
404,378,243 1,954,426,697
385,771,851
Accrued interest
DERIVATIVES ASSETS receivables 6.3 5,623,746
28,649,605 5,061,073
27,359,581 5,487,524
28,334,423 4,953,268
27,047,821
Total loans
INVESTMENTS, NETto customers and 6.4 556,787,522 591,719,967 525,694,808 563,445,386
accrued interest receivables
INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES, NET 6.5 2,089,326,695
1,607,844 2,009,557,457
1,460,090 2,031,636,075
37,290,633 1,959,379,965
37,090,632
LOANSLessTODeferred revenue AND ACCRUED
CUSTOMERS (542,891) (507,523) (499,799) (469,345)
Less Allowance
INTEREST for doubtfulNET
RECEIVABLES, accounts 6.7
6.6 (147,588,430) (137,710,621) (144,326,155) (134,510,776)
Less Revaluation
Loans to customers allowance for debt restructuring 6.8 (5,414,669)
2,083,702,949 (2,310,372)
2,004,496,384 (5,414,669)
2,026,148,551 (2,310,372)
1,954,426,697
Totalinterest
Accrued loans toreceivables
customers and 5,623,746 5,061,073 5,487,524 4,953,268
accrued interest receivables,
Total loans to customers and net 1,935,780,705 1,869,028,941 1,881,395,452 1,822,089,472
CUSTOMER'S LIABILITY
accrued interestUNDER ACCEPTANCES
receivables 1,577,698
2,089,326,695 1,432,858
2,009,557,457 87,709
2,031,636,075 128,232
1,959,379,965
PROPERTIES FOR SALE,
Less Deferred revenue NET 6.9 10,603,892
(542,891) 11,415,102
(507,523) 8,742,836
(499,799) 8,529,592
(469,345)
114 PREMISES AND EQUIPMENT,
Less Allowance for doubtful NET
accounts 6.10
6.7 42,567,441
(147,588,430) 43,834,022
(137,710,621) 41,180,182
(144,326,155) 42,368,555
(134,510,776)
OTHER INTANGIBLE ASSETS, NET
Less Revaluation allowance for debt restructuring 6.11
6.8 1,080,011
(5,414,669) 1,032,300
(2,310,372) 990,727
(5,414,669) 951,853
(2,310,372)
DEFERRED TAX ASSETS
Total loans to customers and 6.12 4,091,264 3,676,165 2,947,919 2,686,368
SECURITIESaccrued
BUSINESS RECEIVABLES-CASH
interest receivables, net ACCOUNTS 3,550,058
1,935,780,705 5,301,324
1,869,028,941 -
1,881,395,452 -
1,822,089,472
COLLATERAL
CUSTOMER'S PLACEDLIABILITYWITH
UNDERFINANCIAL COUNTERPARTIES
ACCEPTANCES 3,324,390
1,577,698 3,203,364
1,432,858 3,149,620
87,709 3,077,643
128,232
OTHER ASSETS, NET
PROPERTIES FOR SALE, NET 6.9 14,035,979
10,603,892 13,635,575
11,415,102 11,720,218
8,742,836 11,466,882
8,529,592
TOTAL ASSETS
PREMISES AND EQUIPMENT, NET 6.10 3,116,750,224
42,567,441 3,076,310,388
43,834,022 3,008,242,058
41,180,182 2,970,036,986
42,368,555
OTHER INTANGIBLE ASSETS, NET 6.11 1,080,011 1,032,300 990,727 951,853
DEFERRED TAX ASSETS 6.12 4,091,264 3,676,165 2,947,919 2,686,368
SECURITIES BUSINESS RECEIVABLES-CASH ACCOUNTS 3,550,058 5,301,324 - -
COLLATERAL PLACED WITH FINANCIAL COUNTERPARTIES 3,324,390 3,203,364 3,149,620 3,077,643
OTHER ASSETS, NET 14,035,979 13,635,575 11,720,218 11,466,882
TOTAL ASSETS 3,116,750,224 3,076,310,388 3,008,242,058 2,970,036,986

Notes to the financial statements form an integral part of these financial statements
-6-
 Bangkok Bank Public Company Limited | Annual Report 2018

BANGKOK BANK PUBLIC COMPANY LIMITED AND SUBSIDIARIES

BANGKOK BANK PUBLIC
STATEMENT COMPANYPOSITION
OF FINANCIAL LIMITED (CONTINUED)
AND SUBSIDIARIES
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT DECEMBER 31, 2018
AS AT DECEMBER 31, 2018
Baht : '000
STATEMENT OF FINANCIAL
Notes
POSITION CONSOLIDATED
2018CONSOLIDATED2017
THE BANK Baht : '000
(CONTINUED)
2018 THE BANK 2017
CompanyBANGKOK Notes 2018 2017 2018 2017
LIABILITIES
Bangkok AND SHAREHOLDERS’
Bank Public EQUITY
Limited BANK
and PUBLIC
Subsidiaries COMPANY LIMITED AND SUBSIDIARIES
As atLIABILITIES
DecemberAND
DEPOSITS 31, SHAREHOLDERS’
2018 EQUITY
STATEMENT OF 6.14FINANCIAL POSITION (CONTINUED)
2,326,469,540 2,310,743,284 2,262,490,378 2,252,421,001
DEPOSITS
INTERBANK AND MONEY MARKET ITEMS 6.14 2,326,469,540 2,310,743,284 2,262,490,378 2,252,421,001
INTERBANK AND MONEY MARKET ITEMS
AS6.15
AT
6.15
136,862,124
DECEMBER 31, 2018
136,862,124
133,583,866
133,583,866
128,394,405
128,394,405
127,212,537
127,212,537
LIABILITY PAYABLE ON DEMAND 7,223,141 7,251,740 7,199,386 7,210,370
LIABILITY PAYABLE ON DEMAND 7,223,141 7,251,740 7,199,386 Baht : '000
7,210,370
DERIVATIVES LIABILITIES 6.3 22,338,039 21,001,637 21,854,408 20,213,259
DERIVATIVES CONSOLIDATED THE BANK
DEBT ISSUED LIABILITIES
AND BORROWINGS 6.3
6.16 22,338,039
116,348,334 21,001,637
107,189,917 21,854,408
116,221,332 20,213,259
106,963,811
DEBT Notes 2018 2017 2018 2017
BANK'SISSUED ANDUNDER
LIABILITY BORROWINGS
ACCEPTANCES 6.16 116,348,334
1,577,698 107,189,917
1,432,858 116,221,332
87,709 106,963,811
128,232
LIABILITIES
BANK'S LIABILITY AND
UNDER SHAREHOLDERS’
ACCEPTANCESEQUITY 1,577,698 1,432,858 87,709 128,232
PROVISIONS 6.20 16,518,913 13,504,271 16,311,378 13,323,068
DEPOSITS
PROVISIONS 6.14
6.20 2,326,469,540
16,518,913 2,310,743,284
13,504,271 2,262,490,378
16,311,378 2,252,421,001
13,323,068
DEFERRED TAX LIABILITIES 6.12 1,399,378 5,742,629 1,187,304 5,527,563
INTERBANK
DEFERRED ANDLIABILITIES
TAX MONEY MARKET ITEMS 6.15
6.12 136,862,124
1,399,378 133,583,866
5,742,629 128,394,405
1,187,304 127,212,537
5,527,563
OTHER LIABILITIES 6.22 74,854,166 73,853,150 52,536,301 50,935,841
LIABILITYLIABILITIES
OTHER PAYABLE ON DEMAND 6.22 7,223,141
74,854,166 7,251,740
73,853,150 7,199,386
52,536,301 7,210,370
50,935,841
TOTAL LIABILITIES 2,703,591,333 2,674,303,352 2,606,282,601 2,583,935,682
DERIVATIVES LIABILITIES
TOTAL LIABILITIES 6.3 22,338,039
2,703,591,333 21,001,637
2,674,303,352 21,854,408
2,606,282,601 20,213,259
2,583,935,682
DEBT ISSUED AND BORROWINGS 6.16 116,348,334 107,189,917 116,221,332 106,963,811
SHAREHOLDERS’ EQUITY
BANK'S LIABILITY UNDER ACCEPTANCES
SHAREHOLDERS’ 1,577,698 1,432,858 87,709 128,232
SHARE CAPITAL EQUITY 6.23
PROVISIONS
SHARE CAPITALshare capital 6.20
6.23 16,518,913 13,504,271 16,311,378 13,323,068
Authorized
DEFERRED TAXshare
Authorized LIABILITIES
capital shares of Baht 10 each 6.12 1,399,378 5,742,629 1,187,304 5,527,563
1,655,000 preferred 16,550 16,550 16,550 16,550
OTHER LIABILITIES
1,655,000 preferred shares of Baht 10 each 6.22 74,854,166
16,550 73,853,150
16,550 52,536,301
16,550 50,935,841
16,550
3,998,345,000 common shares of Baht 10 each 39,983,450 39,983,450 39,983,450 39,983,450
TOTAL LIABILITIES
3,998,345,000 2,703,591,333 2,674,303,352 2,606,282,601 2,583,935,682
Issued and paid-upcommon shares of Baht 10 each
share capital 39,983,450 39,983,450 39,983,450 39,983,450
Issued and paid-upcommon
1,908,842,894 share capital
shares of Baht 10 each 19,088,429 19,088,429 19,088,429 19,088,429
SHAREHOLDERS’ EQUITY
PREMIUM1,908,842,894
ON COMMON common
SHARESshares of Baht 10 each 19,088,429
56,346,232 19,088,429
56,346,232 19,088,429
56,346,232 19,088,429
56,346,232 115
SHARE
PREMIUM CAPITAL
ON COMMON SHARES 6.23 56,346,232 56,346,232 56,346,232 56,346,232
OTHER RESERVES 42,842,767 56,282,626 46,154,541 57,886,128
Authorized
OTHER RESERVESshare capital 42,842,767 56,282,626 46,154,541 57,886,128
RETAINED EARNINGS
RETAINED 1,655,000
EARNINGS preferred shares of Baht 10 each 16,550 16,550 16,550 16,550
Appropriated 6.25 , 6.26
3,998,345,000
Appropriated common shares of Baht 10 each 6.25 , 6.26 39,983,450 39,983,450 39,983,450 39,983,450
Legal reserve 23,000,000 22,000,000 23,000,000 22,000,000
Issued and paid-up share capital
Legal
Othersreserve 23,000,000
101,500,000 22,000,000
96,500,000 23,000,000
101,500,000 22,000,000
96,500,000
1,908,842,894
Others common shares of Baht 10 each 19,088,429
101,500,000 19,088,429
96,500,000 19,088,429
101,500,000 19,088,429
96,500,000
Unappropriated 170,036,820 151,506,327 155,870,255 134,280,515
PREMIUM ON COMMON SHARES
Unappropriated 56,346,232
170,036,820 56,346,232
151,506,327 56,346,232
155,870,255 56,346,232
134,280,515
TOTAL BANK'S EQUITY 412,814,248 401,723,614 401,959,457 386,101,304
OTHER RESERVES
TOTAL BANK'S EQUITY 42,842,767
412,814,248 56,282,626
401,723,614 46,154,541
401,959,457 57,886,128
386,101,304
NON-CONTROLLING INTEREST 344,643 283,422 - -
RETAINED EARNINGSINTEREST
NON-CONTROLLING 344,643 283,422 - -
TOTAL SHAREHOLDERS’ EQUITY 413,158,891 402,007,036 401,959,457 386,101,304
Appropriated
TOTAL SHAREHOLDERS’ EQUITY 6.25 , 6.26 413,158,891 402,007,036 401,959,457 386,101,304
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 3,116,750,224 3,076,310,388 3,008,242,058 2,970,036,986
Legal reserve
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 23,000,000
3,116,750,224 22,000,000
3,076,310,388 23,000,000
3,008,242,058 22,000,000
2,970,036,986
Others 101,500,000 96,500,000 101,500,000 96,500,000
Unappropriated 170,036,820 151,506,327 155,870,255 134,280,515
TOTAL BANK'S EQUITY 412,814,248 401,723,614 401,959,457 386,101,304
NON-CONTROLLING INTEREST 344,643 283,422 - -
TOTAL SHAREHOLDERS’ EQUITY 413,158,891 402,007,036 401,959,457 386,101,304
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 3,116,750,224 3,076,310,388 3,008,242,058 2,970,036,986

Notes to the financial statements form an integral part of these financial statements
Notes to the financial statements form an integral part of these financial statements

(Mr. Chartsiri Sophonpanich) (Mr. Suvarn Thansathit)

Notes to the financial statements form an(Mr.
integral part ofSophonpanich)
Chartsiri these financial statements (Mr.Executive
Suvarn Thansathit)
President Senior Vice President
President -7- Senior Executive Vice President
-7-
 Annual Report 2018 | Bangkok Bank Public Company Limited
BANGKOK BANK PUBLIC COMPANY LIMITED AND SUBSIDIARIES
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED DECEMBER 31, 2018
Baht : '000
CONSOLIDATED THE BANK
Notes 2018 2017 2018 2017
STATEMENT OF PROFIT OR LOSS AND OTHER
INTEREST INCOME 6.35 110,780,806 105,476,438 106,032,995 101,041,157
INTEREST EXPENSES 6.36 39,405,148 38,851,433 37,503,469 37,028,645
COMPREHENSIVE INCOME
NET INTEREST INCOME 71,375,658 66,625,005 68,529,526 64,012,512
FEES AND SERVICE INCOME 6.37 37,437,166 36,459,914 32,045,654 31,783,903
Bangkok Bank Public Company Limited and Subsidiaries
FEES AND SERVICE EXPENSES BANGKOK 6.37 LIMITED 9,847,296 8,933,985 9,682,127 8,840,706
For the year ended December 31,BANGKOK 2018 BANK BANK
PUBLIC
PUBLIC
COMPANY
COMPANY LIMITEDANDAND SUBSIDIARIES
SUBSIDIARIES
NET FEES AND SERVICE STATEMENT
STATEMENT
INCOME OF OFPROFIT
PROFIT
OR OR
LOSSLOSS
ANDAND OTHER
OTHER COMPREHENSIVE
COMPREHENSIVE
27,589,870 INCOME
27,525,929 INCOME 22,363,527 22,943,197
GAINS ON TRADINGS AND FOREIGN EXCHANGE FOR FOR
THETHE
YEAR
TRANSACTIONSYEAR
ENDEDENDED
6.38 DECEMBER
DECEMBER 31, 31,
8,300,443201820186,257,302 7,499,069 6,462,977
GAINS ON INVESTMENTS 6.39 8,008,787 6,428,410 4,350,040 Baht Baht
: '000: '000
6,463,329
SHARE OF PROFIT FROM INVESTMENT USING EQUITY METHOD CONSOLIDATED
CONSOLIDATED
77,695 204,290 THE THE
BANK
- BANK -
GAINS ON DISPOSAL OF ASSETS NotesNotes 20182018
1,048,631 20172017 1,196,054 20182018764,837 20172017 614,971
INTEREST
INTERESTINCOME
INCOME 6.35 6.35 110,780,806
110,780,806 105,476,438
105,476,438 106,032,995
106,032,995 101,041,157
101,041,157
DIVIDEND INCOME 3,781,176 3,787,746 12,200,147 5,174,720
INTEREST
INTERESTEXPENSES
EXPENSES 6.36 6.36 39,405,148
39,405,148 38,851,433
38,851,433 37,503,469
37,503,469 37,028,645
37,028,645
OTHER OPERATING INCOME 1,218,024 442,976 965,278 302,391
NET NET
INTEREST
INTEREST
INCOME
INCOME 71,375,658
71,375,658 66,625,005
66,625,005 68,529,526
68,529,526 64,012,512
64,012,512
TOTAL OPERATING INCOME 121,400,284 112,467,712 116,672,424 105,974,097
FEESFEES
ANDAND SERVICE
SERVICE
INCOMEINCOME 6.37 6.37 37,437,166
37,437,166 36,459,914
36,459,914 32,045,654
32,045,654 31,783,903
31,783,903
OTHER OPERATING EXPENSES
FEESFEES
ANDAND SERVICE
SERVICE
EXPENSES
EXPENSES 6.37 6.37 9,847,296
9,847,296 8,933,985
8,933,985 9,682,127
9,682,127 8,840,706
8,840,706
Employee's expenses 28,773,505 25,540,525 26,094,945 23,067,692
NET NET
FEESFEESANDAND
SERVICE
SERVICEINCOME
INCOME 27,589,870
27,589,870 27,525,929
27,525,929 22,363,527
22,363,527 22,943,197
22,943,197
Directors’ remuneration 154,466 147,714 114,985 110,940
GAINS
GAINS
ON TRADINGS
ON TRADINGSANDAND FOREIGN
FOREIGN
EXCHANGE
EXCHANGETRANSACTIONS
TRANSACTIONS 6.38 6.38 8,300,443
8,300,443 6,257,302
6,257,302 7,499,069
7,499,069 6,462,977
6,462,977
Premises and equipment expenses 10,466,827 10,252,212 9,743,108 9,519,196
GAINS
GAINS
ON INVESTMENTS
ON INVESTMENTS 6.39 6.39 8,008,787
8,008,787 6,428,410
6,428,410 4,350,040
4,350,040 6,463,329
6,463,329
Taxes and duties 3,367,073 3,357,316 3,281,363 3,258,450
SHARE
SHARE
OF PROFIT
OF PROFIT
FROMFROMINVESTMENT
INVESTMENT
USINGUSING
EQUITY
EQUITY
METHOD
METHOD 77,695
77,695 204,290
204,290 - - - -
Others 12,402,779 9,650,205 10,961,787 9,041,670
GAINS
GAINS
ON DISPOSAL
ON DISPOSAL OF ASSETS
OF ASSETS 1,048,631
1,048,631 1,196,054
1,196,054 764,837
764,837 614,971
614,971
TOTAL OTHER OPERATING EXPENSES 55,164,650 48,947,972 50,196,188 44,997,948
DIVIDEND
DIVIDENDINCOME
INCOME 3,781,176
3,781,176 3,787,746
3,787,746 12,200,147
12,200,147 5,174,720
5,174,720
IMPAIRMENT LOSS OF LOANS AND DEBT SECURITIES 6.40 21,964,530 22,369,887 21,151,692 22,297,483
116 OTHER
OTHER
OPERATING
OPERATINGINCOMEINCOME
PROFIT FROM OPERATING BEFORE INCOME TAX EXPENSES
1,218,024
1,218,024
44,271,104
442,976
442,976
41,149,853
965,278
965,278
45,324,544
302,391
302,391
38,678,666
TOTALTOTAL
OPERATING
OPERATINGINCOMEINCOME 121,400,284
121,400,284 112,467,712
112,467,712 116,672,424
116,672,424 105,974,097
105,974,097
INCOME TAX EXPENSES 6.41 8,554,435 7,832,312 6,933,173 7,098,248
OTHER
OTHER
OPERATING
OPERATINGEXPENSES
EXPENSES
NET PROFIT 35,716,669 33,317,541 38,391,371 31,580,418
Employee's
Employee's
expenses
expenses 28,773,505
28,773,505 25,540,525
25,540,525 26,094,945
26,094,945 23,067,692
23,067,692
Directors’
Directors’
remuneration
remuneration 154,466
154,466 147,714
147,714 114,985
114,985 110,940
110,940
Premises
Premises
and equipment
and equipment
expenses
expenses 10,466,827
10,466,827 10,252,212
10,252,212 9,743,108
9,743,108 9,519,196
9,519,196
TaxesTaxes
and duties
and duties 3,367,073
3,367,073 3,357,316
3,357,316 3,281,363
3,281,363 3,258,450
3,258,450
Others
Others 12,402,779
12,402,779 9,650,205
9,650,205 10,961,787
10,961,787 9,041,670
9,041,670
TOTAL TOTAL
OTHER
OTHER
OPERATING
OPERATING
EXPENSES
EXPENSES 55,164,650
55,164,650 48,947,972
48,947,972 50,196,188
50,196,188 44,997,948
44,997,948
IMPAIRMENT
IMPAIRMENT LOSSLOSS
OF LOANS
OF LOANS ANDAND
DEBTDEBT
SECURITIES
SECURITIES 6.40 6.40 21,964,530
21,964,530 22,369,887
22,369,887 21,151,692
21,151,692 22,297,483
22,297,483
PROFIT
PROFIT
FROMFROM OPERATING
OPERATING BEFORE
BEFORE
INCOME
INCOME
TAX TAX
EXPENSES
EXPENSES 44,271,104
44,271,104 41,149,853
41,149,853 45,324,544
45,324,544 38,678,666
38,678,666
INCOME
INCOME
TAX TAXEXPENSES
EXPENSES 6.41 6.41 8,554,435
8,554,435 7,832,312
7,832,312 6,933,173
6,933,173 7,098,248
7,098,248
NET NET
PROFIT
PROFIT 35,716,669
35,716,669 33,317,541
33,317,541 38,391,371
38,391,371 31,580,418
31,580,418

Notes to the financial statements form an integral part of these financial statements
-8-
 Bangkok Bank Public Company Limited | Annual Report 2018
BANGKOK BANK PUBLIC COMPANY LIMITED AND SUBSIDIARIES
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (CONTINUED)
BANGKOKFOR THEPUBLIC
BANK YEAR COMPANY
ENDED DECEMBER 31, 2018
LIMITED AND SUBSIDIARIES
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (CONTINUED) Baht : '000
FOR THE YEAR ENDED DECEMBER 31, 2018
CONSOLIDATED THE BANK

STATEMENT
OTHER COMPREHENSIVE INCOME (LOSSES)
OF PROFIT OR
Notes
LOSS
2018
AND
2017
CONSOLIDATED
OTHER
2018
THE BANK
2017
Baht : '000

COMPREHENSIVE
Items that will be reclassified subsequently to profit or loss INCOME
Gains (losses) on remeasuring
OTHER COMPREHENSIVE available-for-sale investment
INCOME (LOSSES)
Notes 2018(CONTINUED)
2017 2018 2017

Bangkok Bank
Netwill
Items that Public
change Company
in fair
be reclassified Limited
valuesubsequently
BANGKOK
BANGKOK to and Subsidiaries
profitBANK
BANK or loss
PUBLIC
PUBLICCOMPANY
COMPANY (3,839,418)
LIMITED
LIMITED
ANDAND 11,120,942
SUBSIDIARIES
SUBSIDIARIES (7,457,054) 10,987,521
For the Gains
year ended
Net amount December
(losses) transferred
on remeasuring 31,
to profit 2018
or loss (7,877,645) (2,266,394) (4,218,966) (2,259,684)
STATEMENT
STATEMENT OFavailable-for-sale
OF
PROFITPROFITOR OR investment
LOSS LOSSANDAND
OTHER
OTHER
COMPREHENSIVE
COMPREHENSIVE INCOME
INCOME(CONTINUED)
(CONTINUED)
Losses arising infrom
Net change fairtranslating
value the financial statements
FORFOR THETHE of YEAR
YEAR ENDED
ENDED
DECEMBER (3,839,418)
DECEMBER 2018201811,120,942
31, 31, (7,457,054) 10,987,521
foreign
Net amount operations
transferred to profit or loss (3,179,645)
(7,877,645) (5,018,159)
(2,266,394) (1,509,033)
(4,218,966) Baht(4,433,626)
(2,259,684)
Baht
: '000: '000
Share
Lossesofarising
other comprehensive
from translating income of associate
the financial statements of 346
CONSOLIDATED
CONSOLIDATED - - BANK
THE THE
BANK -
Income
foreigntaxoperations
relating to components of other comprehensive NotesNotes (3,179,645)
20182018 (5,018,159)
20172017 (1,509,033)
20182018 (4,433,626)
20172017
OTHER
OTHER income
Share
COMPREHENSIVE
COMPREHENSIVE (losses)
of other comprehensive
INCOME INCOME (LOSSES)income of associate
(LOSSES) 2,399,421
346 (1,849,539)
- 2,392,714
- (1,822,458)
-
Items
ItemsItems that
Income
that will will not
tax be
thatbewillreclassified reclassified
relating
be reclassified to subsequently
components
subsequently
subsequentlytoofprofit
other ortocomprehensive
to profit profit
loss or loss
or loss
GainsActuarial
income
Gains
(losses) gains
(losses)
(losses)
on (losses)
remeasuring
on onavailable-for-sale
remeasuring defined benefit plans
available-for-sale investment
investment 399,452
2,399,421 (282,820)
(1,849,539) 401,353
2,392,714 (288,545)
(1,822,458)
Items Income
that
Net change tax
will
Net change not relating
be
in fairinvalue to components
reclassified
fair value of
subsequentlyothertocomprehensive
profit or loss (3,839,418)
(3,839,418) 11,120,942
11,120,942 (7,457,054)
(7,457,054) 10,987,521
10,987,521
income
NetActuarial
amount
Net amount (losses)
gains (losses)
transferred
transferred ontodefined
to profitprofit orbenefit
or loss loss plans (75,866)
399,452
(7,877,645)
(7,877,645) 50,548
(282,820)
(2,266,394)
(2,266,394) (76,246)
401,353
(4,218,966)
(4,218,966) 51,693
(288,545)
(2,259,684)
(2,259,684)
LossesIncome
Losses TOTAL
arising tax
arising OTHER
relating
from from to COMPREHENSIVE
translatingcomponents
translating of
the financial INCOME
other
the financial (LOSSES)
comprehensive
statements
statementsof of (12,173,355) 1,754,578 (10,467,232) 2,234,901
TOTALforeign
COMPREHENSIVE
income
foreign (losses)
operations
operations INCOME 23,543,314
(75,866)
(3,179,645)
(3,179,645) 35,072,119
50,548
(5,018,159)
(5,018,159) 27,924,139
(76,246)
(1,509,033)
(1,509,033) 33,815,319
51,693
(4,433,626)
(4,433,626)
ShareShare TOTAL
of otherof other OTHER
comprehensive COMPREHENSIVE
comprehensive incomeincome ofINCOME
associate(LOSSES)
of associate (12,173,355)
346 346 1,754,578
- - (10,467,232)
- - 2,234,901
- -
NET
TOTAL PROFIT
Income taxATTRIBUTABLE
COMPREHENSIVE
Income relating
tax relating toINCOME
to components
componentsof other
of other
comprehensive
comprehensive 23,543,314 35,072,119 27,924,139 33,815,319
Owners
income of
incomethe Bank
(losses)(losses) 35,329,972
2,399,421
2,399,421 33,008,714
(1,849,539)
(1,849,539) 38,391,371
2,392,714
2,392,714 31,580,418
(1,822,458)
(1,822,458)
NET Non-controlling
Items PROFIT
Items
that will
thatnotwillbenotinterest
ATTRIBUTABLE
reclassified
be reclassified subsequently
subsequentlyto profit
to profit
or lossor loss 386,697 308,827 - -
Owners
Actuarial of
Actuarialthe Bank
gainsgains(losses)
(losses)
on defined
on defined
benefitbenefit
plansplans 35,716,669
35,329,972
399,452
399,452 33,317,541
33,008,714
(282,820)
(282,820) 38,391,371
401,353
401,353 31,580,418
(288,545)
(288,545) 117
Non-controlling
IncomeIncome tax interest
tax relating relating
to components
to components of other
of other
comprehensive
comprehensive 386,697 308,827 - -
TOTALincome
COMPREHENSIVE
income
(losses)(losses) INCOME ATTRIBUTABLE 35,716,669
(75,866)
(75,866) 33,317,541
50,548
50,548 38,391,371
(76,246)
(76,246) 31,580,418
51,693
51,693
Owners ofTOTAL
TOTAL theOTHER
Bank OTHERCOMPREHENSIVE
COMPREHENSIVE INCOMEINCOME (LOSSES)
(LOSSES) 23,156,620
(12,173,355)
(12,173,355) 34,763,290
1,754,578
1,754,578 27,924,139
(10,467,232)
(10,467,232) 33,815,319
2,234,901
2,234,901
TOTAL Non-controlling
TOTAL
TOTAL COMPREHENSIVE
COMPREHENSIVE
COMPREHENSIVE interest
INCOME INCOME
INCOME ATTRIBUTABLE 386,694
23,543,314
23,543,314 308,829
35,072,119
35,072,119 27,924,139 -
27,924,139 33,815,319 -
33,815,319
Owners of the Bank 23,543,314
23,156,620 35,072,119
34,763,290 27,924,139 33,815,319
NET NET Non-controlling
PROFIT
PROFITATTRIBUTABLE interest
ATTRIBUTABLE 386,694 308,829 - -
BASIC
Owners EARNINGS
Owners
of theofBank
the Bank PER SHARE (BAHT) 35,329,97218.51
23,543,314
35,329,972 33,008,71417.29
35,072,119
33,008,714 38,391,371 20.11
27,924,139
38,391,371 31,580,41816.54
33,815,319
31,580,418
WEIGHTED
Non-controlling AVERAGE
Non-controlling interestinterestNUMBER 386,697
386,697 308,827
308,827 - - - -
OF ORDINARY
BASIC EARNINGS SHARES PER SHARE (THOUSAND
(BAHT) SHARES) 1,908,843
18.51
35,716,669
35,716,669 1,908,843
17.29
33,317,541
33,317,541 1,908,843
20.11
38,391,371
38,391,371 1,908,843
16.54
31,580,418
31,580,418
WEIGHTED AVERAGE NUMBER
TOTAL OFCOMPREHENSIVE
TOTAL ORDINARY
COMPREHENSIVE SHARES INCOME (THOUSAND
INCOME ATTRIBUTABLE SHARES)
ATTRIBUTABLE 1,908,843 1,908,843 1,908,843 1,908,843
Owners
Owners
of theofBank
the Bank 23,156,620
23,156,620 34,763,290
34,763,290 27,924,139
27,924,139 33,815,319
33,815,319
Non-controlling
Non-controlling
interest
interest 386,694
386,694 308,829
308,829 - - - -
23,543,314
23,543,314 35,072,119
35,072,119 27,924,139
27,924,139 33,815,319
33,815,319

BASIC
BASIC
EARNINGS
EARNINGS PER PERSHARE
SHARE
(BAHT)
(BAHT) 18.5118.51 17.2917.29 20.1120.11 16.5416.54
WEIGHTED
WEIGHTEDAVERAGE
AVERAGENUMBERNUMBER
OFNotes to the financial
ORDINARY
OF ORDINARY SHARES statements
SHARES form SHARES)
(THOUSAND
(THOUSANDan integral
SHARES) part of these financial statements 1,908,843
1,908,843 1,908,843
1,908,843 1,908,843
1,908,843 1,908,843
1,908,843

Notes to the financial statements form an integral part of these financial statements

(Mr. Chartsiri Sophonpanich) (Mr. Suvarn Thansathit)

President Senior Executive Vice President
(Mr. Chartsiri Sophonpanich) - 9 - (Mr. Suvarn Thansathit)
President Senior Executive Vice President
NotesNotes
to thetofinancial
the financial
statements
statements
formform
an integral
an integral
part part
of these
of these
financial
financial
statements
statements
-9-
 118
STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY
Bangkok Bank Public Company Limited and Subsidiaries
For the year ended December 31, 2018 BANGKOK
BANGKOK
BANK
BANKPUBLIC
PUBLIC
COMPANY
COMPANY LIMITED
LIMITED
ANDAND SUBSIDIARIES
SUBSIDIARIES
STATEMENT
STATEMENTOF OF
CHANGES
CHANGES
IN IN
SHAREHOLDERS’
SHAREHOLDERS’ EQUITY
EQUITY
FORFOR
THETHE
YEAR
YEAR
ENDED
ENDEDDECEMBER
DECEMBER 31, 31,
20182018
BahtBaht
: '000: '000
CONSOLIDATED
CONSOLIDATED
Notes
Notes Issued
Issued
and and Premium
Premium
on on OtherOther
Reserves
Reserves Retained
Retained
Earnings
Earnings TotalTotal
Equity
Equity Non-controlling
Non-controlling TotalTotal
Paid-up
Paid-up
ShareShare Common
Common UnrealizedBANGKOK
Unrealized BANK PUBLIC
Unrealized
Unrealized COMPANY LIMITED
Unrealized
Unrealized Foreign
ForeignAND SUBSIDIARIES
Others
Others Appropriated
Appropriated Unappropriated
Unappropriated Attributable
Attributable Interest
Interest
Capital
Capital Shares
Shares Increment
Increment Increment
Increment
per perSTATEMENT per per
OF CHANGESGains Exchange
Exchange
Gains IN SHAREHOLDERS’ Reserve
EQUITY LegalLegal Reserve Others Others to the
to Bank's
the Bank's
Common
Common LandLand Premises
FORPremises on Investments
THE YEAR on Investments Adjustment
ENDED DECEMBER Adjustment31, 2018 Shareholders
Shareholders
Shares
Shares Appraisal
Appraisal Appraisal
Appraisal
Baht : '000
Balance
Balanceas atasJanuary
at January1, 2017
1, 2017 19,088,429
19,088,429 56,346,232
56,346,232 16,829,619
16,829,619 8,427,878
8,427,878 32,168,135
32,168,135 (2,186,251)
(2,186,251) - - 21,000,000
21,000,000 91,500,000
91,500,000 135,841,529
135,841,529 379,015,571
379,015,571 229,312
229,312 379,244,883
379,244,883
CONSOLIDATED
Appropriation
Appropriation for previous
for previousyearyear
Notes Issued and Premium on Other Reserves Retained Earnings Total Equity Non-controlling Total
Dividend
Dividend paidpaid 6.266.26 -
Paid-up-Share Common- - - -
Unrealized - -
Unrealized - -
Unrealized - -
Foreign - -
Others -
- Appropriated - - (8,345,866)
(8,345,866)
Unappropriated (8,345,866)
(8,345,866)
Attributable (112,975)
(112,975)
Interest (8,458,841)
(8,458,841)
LegalLegal
reservereserve 6.256.25
, 6.26, 6.26 - -
Capital - -
Shares Increment -
- per Increment -
- per Gains- - - -
Exchange - - 500,000
Legal 500,000
Reserve - -
Others (500,000)
(500,000) to the Bank's - - - - - -
Appropriation
Appropriation for current
for currentyearyear Common Land Premises on Investments Adjustment Shareholders
Dividend
Dividend paidpaid 6.266.26 Shares
- - - - Appraisal
- - Appraisal
- - - - - - - - - - - - (3,709,574)
(3,709,574) (3,709,574)
(3,709,574) (139,503)
(139,503) (3,849,077)
(3,849,077)
Balance
LegalLegal
reserve at January 1, 2017
asreserve 6.256.25
, 6.26, 6.26 19,088,429
- - 56,346,232
- - 16,829,619
- - 8,427,878
- - 32,168,135
- - (2,186,251)
- - - -- 21,000,000
500,000
500,000 91,500,000
- - 135,841,529
(500,000)
(500,000) 379,015,571
- - 229,312
- - 379,244,883
- -
Appropriation
Others
Others for previous year 6.256.25
, 6.26, 6.26 - - - - - - - - - - - - - - - - 5,000,000
5,000,000 (5,000,000)
(5,000,000) - - - - - -
Dividend
TotalTotal
comprehensive
comprehensivepaidincome income 6.26 - -- - -- - -- - -- 7,005,011 -
7,005,011 (5,018,159)-
(5,018,159) - -- - -- - -- 32,776,438
32,776,438
(8,345,866) 34,763,290(8,345,866)
34,763,290 (112,975)
308,829
308,829 (8,458,841)
35,072,119
35,072,119
Annual Report 2018 | Bangkok Bank Public Company Limited

Transfer Legal
Transfer
to retained
toreserve
retained
earnings
earnings 6.25 , 6.26 - -- - -- - -- (943,800) -
(943,800) - -- - -- - -- 500,000
- - - -- (500,000)
943,800
943,800 - -- - -- - --
Appropriation
Changes
Changes in ownership for current
in ownership interests year
interests
in subsidiaries
in subsidiaries
Dividend
that that
did not
did result
not paid
result
in loss
in loss
of control
of control 6.26 - -- - -- - -- - -- - -- - -- -
193 193 - -- - -- (3,709,574)
- - (3,709,574)
193 193 (139,503)
(2,241)
(2,241) (3,849,077)
(2,048)
(2,048)
Balance Legal
Balanceas atasreserve
December
at December 31, 2017
31, 2017 6.25 , 6.26 19,088,429 -
19,088,429 56,346,232 -
56,346,232 16,829,619 -
16,829,619 7,484,078 -
7,484,078 39,173,146 -
39,173,146 (7,204,410)-
(7,204,410) -
193 193 500,000
22,000,000
22,000,000 96,500,000 -
96,500,000 151,506,327
151,506,327
(500,000) 401,723,614 -
401,723,614 283,422 -
283,422 402,007,036 -
402,007,036
Others 6.25 , 6.26 - - - - - - - - 5,000,000 (5,000,000) - - -
Total
Balance
Balance comprehensive
as atasJanuary
at January1, income
2018
1, 2018 19,088,429 -
19,088,429 56,346,232 -
56,346,232 16,829,619 -
16,829,619 7,484,078 -
7,484,078 7,005,011
39,173,146
39,173,146 (5,018,159)
(7,204,410)
(7,204,410) -
193 193 22,000,000 -
22,000,000 96,500,000 -
96,500,000 151,506,327
151,506,327 34,763,290
32,776,438 401,723,614
401,723,614 283,422
283,422 35,072,119
308,829 402,007,036
402,007,036
Transfer
Appropriation
Appropriation
toforretained
previous earnings
for previousyearyear - - - (943,800) - - - - - 943,800 - - -
Changes
Dividend
Dividend ownership
inpaid paid interests in subsidiaries 6.266.26 - - - - - - - - - - - - - - - - - - (8,350,349)
(8,350,349) (8,350,349)
(8,350,349) (150,470)
(150,470) (8,500,819)
(8,500,819)
that
Legal
Legal
reserve not result in loss of control
did reserve 6.256.25
, 6.26, 6.26 - -- - -- - -- - -- - -- - -- - 193
- 500,000 -
500,000 - -- (500,000)-
(500,000) - 193
- - (2,241)
- - (2,048)
-
Balance
Appropriation
Appropriation December
asforatcurrent
for currentyear31,
year2017 19,088,429 56,346,232 16,829,619 7,484,078 39,173,146 (7,204,410) 193 22,000,000 96,500,000 151,506,327 401,723,614 283,422 402,007,036
Dividend
Dividendpaidpaid 6.266.26 - - - - - - - - - - - - - - - - - - (3,715,637)
(3,715,637) (3,715,637)
(3,715,637) (175,003)
(175,003) (3,890,640)
(3,890,640)
Balance
LegalLegal
reserveat January 1, 2018
asreserve 6.256.25
, 6.26, 6.26 19,088,429
- - 56,346,232
- - 16,829,619
- - 7,484,078
- - 39,173,146
- - (7,204,410)
- - - 193
- 22,000,000
500,000
500,000 96,500,000
- - 151,506,327
(500,000)
(500,000) 401,723,614
- - 283,422
- - 402,007,036
- -
Appropriation
Others
Others for previous year 6.256.25
, 6.26, 6.26 - - - - - - - - - - - - - - - - 5,000,000
5,000,000 (5,000,000)
(5,000,000) - - - - - -
Dividend
TotalTotal
comprehensive
comprehensive
paidincome
income 6.26 - -- - -- - -- - -- (9,317,571)-
(9,317,571) (3,179,645)-
(3,179,645) -
277 277 - -- - -- (8,350,349)
35,653,559
35,653,559 (8,350,349)
23,156,620
23,156,620 (150,470)
386,694
386,694 (8,500,819)
23,543,314
23,543,314
Transfer Legal
Transfer
to retained
toreserve
retained
earnings
earnings 6.25 , 6.26 - -- - -- - -- (942,920)-
(942,920) - -- - -- - -- 500,000
- - - -- (500,000)
942,920
942,920 - -- - -- - --
Appropriation
Balance
Balanceas atasDecember
at for current
December
31, 2018
31,
year2018 19,088,429
19,088,429 56,346,232
56,346,232 16,829,619
16,829,619 6,541,158
6,541,158 29,855,575
29,855,575 (10,384,055)
(10,384,055) 470 470 23,000,000
23,000,000 101,500,000
101,500,000 170,036,820
170,036,820 412,814,248
412,814,248 344,643
344,643 413,158,891
413,158,891
Dividend paid 6.26 - - - - - - - - - (3,715,637) (3,715,637) (175,003) (3,890,640)
Legal reserve 6.25 , 6.26 - - - - - - - 500,000 - (500,000) - - -
Others 6.25 , 6.26 - - - - - - - - 5,000,000 (5,000,000) - - -
Total comprehensive income - - - - (9,317,571) (3,179,645) 277 - - 35,653,559 23,156,620 386,694 23,543,314
Transfer to retained earnings - - - (942,920) - - - - - 942,920 - - -
Balance as at December 31, 2018 19,088,429 56,346,232 16,829,619 6,541,158 29,855,575 (10,384,055) 470 23,000,000 101,500,000 170,036,820 412,814,248 344,643 413,158,891

Notes
Notes
to theto financial
the financial
statements
statements
formform
an integral
an integral
partpart
of these
of these
financial
financial
statements
statements
- 10- 10
- -

Notes to the financial statements form an integral part of these financial statements
- 10 -
STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY (CONTINUED) BANGKOK BANK PUBLIC COMPANY LIMITED AND SUBSIDIARIES
STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY (CONTINUED)
Bangkok Bank Public Company Limited and Subsidiaries
FOR THE YEAR ENDED DECEMBER 31, 2018
For the year ended December 31, 2018 Baht : '000
BANGKOK
BANGKOKBANK BANK
BANGKOK
PUBLIC
PUBLICBANK
COMPANY
COMPANY
PUBLICBANGKOK
LIMITED
LIMITED
COMPANYAND
AND
BANK SUBSIDIARIES
LIMITED
SUBSIDIARIES
PUBLICAND COMPANY
SUBSIDIARIES
THE BANK LIMITED AND SUBSIDIARIES
Notes Issued and
STATEMENT
STATEMENT Premium
OFOF
STATEMENTon
CHANGES
CHANGES OF
ININSHAREHOLDERS’
CHANGES
SHAREHOLDERS’
STATEMENT
IN SHAREHOLDERS’
EQUITY
OF
EQUITY Reserves
OtherCHANGES EQUITY
IN SHAREHOLDERS’
(CONTINUED)
(CONTINUED) (CONTINUED) EQUITY (CONTINUED) Retained Earnings Total
FOR
Paid-up Share FOR THE
THEYEAR
Common YEAR
FORENDED
ENDED
THE YEAR
DECEMBER
Unrealized DECEMBER
ENDED
BANGKOKFOR
31,
31,
DECEMBER
Unrealized 2018
THE
2018 YEAR
BANK 31,ENDED
PUBLIC
Unrealized 2018 DECEMBER
COMPANY 31,AND
ForeignLIMITED 2018SUBSIDIARIES
Appropriated Unappropriated
Capital Shares Increment per STATEMENT
Increment perOF CHANGES Exchange
Gains IN SHAREHOLDERS’ Legal
EQUITY Others
Reserve(CONTINUED) Baht
Baht: '000
: '000 Baht : '000 Baht : '000
Common Land PremisesFOR THE on Investments
YEARTHE THE Adjustment
BANK
BANK
ENDED DECEMBER
THE BANK31, 2018 THE BANK
Notes
Notes Shares
Issued
Issued
Notes
and
and Premium
Issued
Premiumand
onon Notes Premium
AppraisalonIssued andAppraisal Other
OtherReserves
Premium Reserves
on Other Reserves Other Reserves Retained RetainedEarnings
EarningsRetained Earnings Total
Total
Retained EarningsTotal TotalBaht : '000
Balance as at January 1, 2017 19,088,429
Paid-up
Paid-up Share 56,346,232
Share Paid-up
Common
Common
Share 16,765,473
Unrealized
Common
Unrealized
Paid-up Share 8,391,652
Unrealized
Unrealized
Unrealized 32,149,678
CommonUnrealized
Unrealized
Unrealized (952,252)
UnrealizedUnrealized
Foreign
Foreign
Unrealized Foreign Appropriated
21,000,000Appropriated
Unrealized 91,500,000 ForeignUnappropriated
THEAppropriated
BANK Unappropriated Appropriated
364,341,425
120,052,213 Unappropriated Unappropriated
Appropriation for previous year Capital
Capital Shares
Capital
Shares Increment
Increment
Shares perper
Notes CapitalIncrement
Increment
Issued Increment
and per perper
SharesIncrement
Premium Gains
Gains
on Increment
per per
Exchange
Exchange
GainsIncrementLegalper
Legal
Exchange
Reserve
OtherReserveGainsLegalOthers
Reserves Others
ReserveExchange OthersLegal Reserve Retained
Others Earnings Total
Dividend paid 6.26 Common
Common - Common- Land
Land - Common Premises
Paid-upPremises
Share
Land - Common ononPremises
Investments
Investments
- Land onAdjustment
Investments
Adjustment
Unrealized -Premises Adjustment
Unrealized on -Investments
Unrealized Adjustment
- Foreign(8,345,866) (8,345,866)
Appropriated Unappropriated
Legal reserve 6.25 , 6.26 Shares
Shares- Shares - Appraisal
Appraisal- Shares Appraisal
CapitalAppraisal
Appraisal- Appraisal -Appraisal
Shares Increment per -Appraisal
Increment per 500,000 Gains - Exchange (500,000) Legal Reserve - Others
Appropriation
Balance
Balanceasasatatfor current
January
January
Balance
1,1,year
2017
2017
as at January 1, 2017
Balance as at January 1, 2017 19,088,429
19,088,429 19,088,429
56,346,232
56,346,232 56,346,232
16,765,473
16,765,473
19,088,429
Common 16,765,473
8,391,652
8,391,652
56,346,232 32,149,678
8,391,652
32,149,678 16,765,473
Land 32,149,678
(952,252)
(952,252)
8,391,652 21,000,000
Premises 21,000,000
(952,252)32,149,678 21,000,000
91,500,000
91,500,000
on Investments (952,252)
91,500,000
120,052,213
120,052,213
Adjustment 21,000,000120,052,213
364,341,425
364,341,425
91,500,000364,341,425
120,052,213 364,341,425
Dividend paid
Appropriation
Appropriation forforprevious
previous
Appropriation
year
year for previous year
Appropriation for previous year 6.26 - - - Shares - - Appraisal - Appraisal - - (3,709,574) (3,709,574)
Legal reserve
Dividend
Dividend paid
paid Dividend paid Dividend paid
Balance as at January 1, 2017 6.25 ,
6.266.26
6.26 6.26 - - -- - 6.26 -- - -
19,088,429 -- - -
56,346,232 -- - -
16,765,473 -- - -
8,391,652500,000
-- - -
32,149,678 -- - (500,000)
- (8,345,866)
(8,345,866)
(952,252) - - (8,345,866)
(8,345,866)
21,000,000 (8,345,866) - (8,345,866)
- 91,500,000 (8,345,866)
120,052,213 (8,345,866)
364,341,425
Others
Legal
Legalreserve
reserve Legal reserve Legal
Appropriation 6.25, 6.26
reserve for previous year6.25 , 6.26 6.25 , 6.26
-- -- -6.25 , 6.26 -- - - -- - - -- - - -- - - 500,000
500,000
-- - 5,000,000
500,000
-- - (5,000,000)
(500,000)
(500,000)
- 500,000 (500,000) -- - - (500,000) -
Total comprehensive
Appropriation
Appropriation income
forforcurrent
current
Appropriation
year
year for current yearAppropriation for current
Dividend paid year - - 6.26 - - - 6,905,379
- (4,433,626)
- - - - - 31,343,566
- 33,815,319
- - (8,345,866) (8,345,866)
Transfer to retained
Dividend
Dividend paid
paid earnings
Dividend paid Dividend
Legalpaid
reserve 6.26
6.26 6.26- - -- - 6.266.25 , 6.26 -- - - (940,176)
- -- - - - -- - - - -- - - - -- - - - -- - 940,176
- (3,709,574)
-
-(3,709,574) - (3,709,574) -
(3,709,574)
500,000(3,709,574) - (3,709,574)
- (3,709,574)
(500,000) (3,709,574) -
Balance
Legal
Legal
asreserve
atreserve
DecemberLegal 31, 2017
reserve Legal reserve
Appropriation for current year 6.25
6.25, 6.26
, 6.26 19,088,429
6.25 , 6.26
- - 56,346,232
-- -6.25 , 16,765,473
6.26 -- - - 7,451,476
-- - - 39,055,057-- - - (5,385,878)
-- - - 22,000,000
500,000
500,000
- - 96,500,000
500,000
- - - 134,280,515
(500,000)
(500,000)
- 500,000 386,101,304
(500,000)
- - - - (500,000) -
Others
Others Others Others
Dividend paid 6.25
6.25, 6.26
, 6.26 6.25 , 6.26
- - -- -6.25 , 6.26
6.26 -- - - - -- - - - -- - - - -- - - - -- - - 5,000,000
-5,000,000
- - 5,000,000
(5,000,000)
-(5,000,000) - (5,000,000)
- -5,000,000
- - - (5,000,000)
(3,709,574) -
(3,709,574)
Balance
Total as at January
Totalcomprehensive
comprehensive Total
income 2018
income
1,comprehensive income Total comprehensive
Legal reserveincome 19,088,429
-- 56,346,232
-- - 6.25 16,765,473
, 6.26 -- - - 7,451,476
- -- - - 39,055,057
6,905,379
-
-6,905,379 (5,385,878)
- (4,433,626)
6,905,379
(4,433,626)
- - 22,000,000
(4,433,626)
- - - 6,905,37996,500,000
- -- -(4,433,626) 134,280,515
31,343,566
-
-31,343,566 386,101,304
- 31,343,566
33,815,319
500,00033,815,319 - 33,815,319
- 31,343,566
(500,000) 33,815,319 -
Appropriation
Transfer for
Transfertotoretained previous
retainedTransfer
earnings year
earningsto retained earnings Transfer to retained earnings
Others -- -- - 6.25 , 6.26 -- - - (940,176) -
- (940,176) - (940,176)
- -- - - -- - (940,176) - -- - - - -- - 940,176
- - 940,176 - - - 940,176 -
- - 5,000,000 - 940,176
(5,000,000) - -
Dividend
Balance paid
BalanceasasatatDecember
December
Balance31,31,as2017
at
2017
December 31, Balance at December 31,
2017Totalascomprehensive 2017
income 6.26 -
19,088,429
19,088,429 -
19,088,429
56,346,232
56,346,232 56,346,232
16,765,473-
16,765,473
19,088,42916,765,473 -
7,451,476 56,346,23239,055,057
-7,451,476 7,451,476 -
39,055,057
- 16,765,47339,055,057 -
(5,385,878)
(5,385,878)
- 7,451,47622,000,000-
(5,385,878)
22,000,000
- 39,055,057 22,000,000
96,500,000-
96,500,000
6,905,379 (5,385,878)(8,350,349)
96,500,000
134,280,515
134,280,515
(4,433,626) 22,000,000 (8,350,349)
134,280,515
386,101,304
386,101,304
- 96,500,000386,101,304
- 134,280,515
31,343,566 386,101,304
33,815,319
Legal reserve Transfer to retained earnings 6.25 , 6.26 - - - - - - - - - 500,000
(940,176) - - - (500,000) - - - 940,176 -
Appropriation
Balance
Balanceasasatatfor current
January
January
Balance
1,1,year
2018
2018
as at January 1, 2018
Balance
Balance
as atasJanuary
at December
1, 201831, 2017 19,088,429
19,088,429 19,088,429
56,346,232
56,346,232 56,346,232
16,765,473
16,765,473
19,088,429 16,765,473
19,088,4297,451,476
7,451,476
56,346,232 39,055,057
7,451,476
39,055,057
56,346,232 16,765,473 39,055,057
(5,385,878)
(5,385,878)
16,765,473 7,451,476 22,000,000
(5,385,878)
22,000,000
7,451,476 39,055,057 22,000,000
96,500,000
96,500,000
39,055,057 (5,385,878)
96,500,000
134,280,515
134,280,515
(5,385,878) 22,000,000134,280,515
386,101,304
386,101,304
22,000,000 96,500,000386,101,304
96,500,000 134,280,515
134,280,515 386,101,304
386,101,304
Dividend paid
Appropriation
Appropriation forforprevious
previous
Appropriation
year
year for previous year
Appropriation for previous year 6.26 - - - - - - - - (3,715,637) (3,715,637)
Legal reserve
Dividend
Dividend paid
paid Dividend paid Dividend
Balance as paid , 6.26
6.26
at January 1, 20186.256.26 6.26- - -- - 6.26 -
-- - 19,088,429 -
-- - 56,346,232 -
-- - 16,765,473 - 500,000
-- - 7,451,476 -
-- - 39,055,057 -- - (5,385,878) (500,000)
- (8,350,349)
(8,350,349)
- - (8,350,349)
(8,350,349)
22,000,000 (8,350,349) - (8,350,349)
- 96,500,000 (8,350,349)
134,280,515 (8,350,349)
386,101,304
Others
Legal
Legalreserve
reserve Legal reserve Legal
Appropriation 6.25, 6.26
reserve for previous year6.25 , 6.26 6.25 , 6.26
-- -- -6.25 , 6.26 -- - - -- - - -- - - -- - - 500,000
500,000
-- - 5,000,000
500,000
-- - (5,000,000)
(500,000)
(500,000)
- 500,000 (500,000) -- - - (500,000) -
Total comprehensive
Appropriation
Appropriation income
forforcurrent
current
Appropriation
year
year for current yearAppropriation for current
Dividend paid year - - 6.26 - - - (9,283,306)
- (1,509,033)
- - - - - 38,716,478
- 27,924,139
- - (8,350,349) (8,350,349)
Transfer to retained
Dividend
Dividend paid
paid earnings
Dividend paid Dividend
Legalpaid
reserve 6.26
6.26 6.26- - -- - 6.266.25 , 6.26 -- - - (939,248)
- -- - - - -- - - - -- - - - -- - - - -- - 939,248
- (3,715,637)
-
-(3,715,637) - (3,715,637) -
(3,715,637)
500,000(3,715,637) - (3,715,637)
- (3,715,637)
(500,000) (3,715,637) -
Balance
Legal
Legal
asreserve
atreserve
DecemberLegal 31, 2018
reserve Legal
Appropriation 6.25, 6.26
reserve for current year6.25 , 6.26 19,088,429
6.25 , 6.26
-- 56,346,232
-- -6.25 , 6.2616,765,473
-- - - 6,512,228 -- - - 29,771,751 -- - - (6,894,911)
-- - - 23,000,000
500,000
500,000
- -101,500,000
500,000
-- - 155,870,255
(500,000)
(500,000)
- 500,000401,959,457
(500,000)
-- - - (500,000) -
Others
Others Others Others
Dividend paid 6.25
6.25, 6.26
, 6.26 6.25 , 6.26
-- -- -6.25 , 6.26
6.26 -- - - - -- - - - -- - - - -- - - - -- - - 5,000,000 -
-5,000,000 - 5,000,000
(5,000,000)
-(5,000,000) - (5,000,000)
- -5,000,000
- - - (5,000,000)
(3,715,637) -
(3,715,637)
Total
Totalcomprehensive
comprehensive Total
income
income
comprehensive income Total comprehensive
Legal reserveincome -- -- - 6.25 , 6.26 -- - - - -- - - (9,283,306)
(9,283,306)
- - - (9,283,306)
(1,509,033)
(1,509,033)
- - (1,509,033)
- - -(9,283,306) - -- -(1,509,033)38,716,478 -
-38,716,478 - 38,716,478
27,924,139
500,00027,924,139 - 27,924,139
- 38,716,478
(500,000) 27,924,139 -
Transfer
Transfertotoretained
retainedTransfer
earnings
earningsto retained earnings Transfer to retained
Others earnings - - -- - 6.25 , 6.26 -- - - (939,248)
- (939,248)
- - (939,248)
- - - - - -- - (939,248) - -- - - - -- - - - 939,248
939,248
- - - 939,248- - -
5,000,000 - 939,248
(5,000,000) - -
Balance
BalanceasasatatDecember
December
Balance31,31,as2018
at
2018
December 31, Balance at December 31,
2018Totalascomprehensive 2018
income 19,088,429
19,088,429 19,088,429
56,346,232
56,346,232 56,346,232
16,765,473
16,765,473
19,088,429 16,765,473
6,512,228
-6,512,228
56,346,232 29,771,751
6,512,228
29,771,751
- 16,765,473 29,771,751
(6,894,911)
(6,894,911)
- 6,512,228 23,000,000
(6,894,911)
23,000,000
- 29,771,751 101,500,000
23,000,000
101,500,000
(9,283,306) (6,894,911)
101,500,000
155,870,255
155,870,255
(1,509,033) 23,000,000155,870,255
401,959,457
401,959,457
- 101,500,000 401,959,457
- 155,870,255
38,716,478 401,959,457
27,924,139
Transfer to retained earnings - - - (939,248) - - - - 939,248 -
Balance as at December 31, 2018 19,088,429 56,346,232 16,765,473 6,512,228 29,771,751 (6,894,911) 23,000,000 101,500,000 155,870,255 401,959,457
Notes to the financial statements form an integral part of these financial statements

Notes
Notestotothethefinancial
financial
Notes
statements
statements
to the financial
form
formananstatements
integral
integral
Notes
part
part
form
oftoofthese
the
an
these
integral
financial
financial
financial
part
statements
statements
of
statements
these form
financial
an integral
statements
part of these financial statements

(Mr. Chartsiri
Notes to the financial statements form an integral part of these financial Sophonpanich)
statements (Mr. Suvarn Thansathit)
President Senior Executive Vice President
- 11 -
(Mr.
(Mr.Chartsiri
ChartsiriSophonpanich)
Sophonpanich)
(Mr. Chartsiri Sophonpanich)(Mr. Chartsiri Sophonpanich) (Mr.
(Mr.Suvarn
SuvarnThansathit)
Thansathit)
(Mr. Suvarn Thansathit) (Mr. Suvarn Thansathit)
President
President President President Senior
SeniorExecutive
ExecutiveVice
Vice
Senior
President
President
Executive Vice President
Senior Executive Vice President
- -1111- - - 11 (Mr. - 11 -
- Chartsiri Sophonpanich) (Mr. Suvarn Thansathit)
President Senior Executive Vice President
- 11 -
Bangkok Bank Public Company Limited | Annual Report 2018

119
 Annual Report 2018 | Bangkok Bank Public Company Limited

BANGKOK BANK PUBLIC COMPANY LIMITED AND SUBSIDIARIES

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2018
STATEMENT OF CASH FLOWS
CONSOLIDATED THE BANK
Baht : '000

Bangkok Bank Public Company Limited and Subsidiaries Notes 2018 2017 2018 2017
CASH FLOWS FROM OPERATING BANGKOK
ACTIVITIES BANK PUBLIC COMPANY LIMITED AND SUBSIDIARIES
For the year ended December 31, 2018
Profit from operating before income tax expenses STATEMENT OF CASH FLOWS 41,149,853
44,271,104 45,324,544 38,678,666
Items to reconcile profit from operating before FOR THE YEAR ENDED DECEMBER 31, 2018
income tax expenses to cash received (paid) from Baht : '000
operating activities CONSOLIDATED THE BANK
Depreciation and amortization expenses Notes 3,356,325
2018 3,402,192
2017 3,201,752
2018 3,251,407
2017
Bad debt and doubtful
CASH FLOWS FROM OPERATING ACTIVITIES accounts 18,358,031 22,617,969 17,545,193 22,545,565
ProfitLoss
fromonoperating
debt restructuring
before income (reversal)
tax expenses 3,606,499
44,271,104 (341,656)
41,149,853 3,606,499
45,324,544 (341,656)
38,678,666
ItemsGain on foreignprofit
to reconcile exchange of long-term
from operating borrowings
before (866,826) (10,962,448) (866,826) (10,962,448)
Amortization
income of premium
tax expenses to cash onreceived
investment in debt
(paid) fromsecurities 890,939 1,226,701 1,026,743 1,355,044
Unrealized
operating (gain) loss on revaluation of trading securities
activities 219,138 (39,823) 857 (5,104)
Unrealized
Depreciationloss andonamortization
transfer of investments
expenses 66,340
3,356,325 926
3,402,192 66,340
3,201,752 926
3,251,407
Gain on disposal of securities
Bad debt and doubtful accounts for investments (10,684,693)
18,358,031 (8,506,146)
22,617,969 (7,025,946)
17,545,193 (8,541,065)
22,545,565
Loss
Loss onon impairment of investments
debt restructuring (reversal) 2,675,906
3,606,499 2,171,310
(341,656) 2,675,906
3,606,499 2,171,310
(341,656)
Share of profit from investment using
Gain on foreign exchange of long-term borrowings equity method (77,695)
(866,826) (204,290)
(10,962,448) -
(866,826) -
(10,962,448)
Loss on impairment of properties for sale (reversal)
Amortization of premium on investment in debt securities 1,058,423
890,939 (159,249)
1,226,701 429,783
1,026,743 5,199
1,355,044
Gain on disposal
Unrealized (gain) oflosspremises and equipment
on revaluation of trading securities (3,272)
219,138 (30,593)
(39,823) (2,304)
857 (29,776)
(5,104)
Loss on impairment of other assets
Unrealized loss on transfer of investments 91,824
66,340 33,801
926 91,824
66,340 34,122
926
Provision expenses
Gain on disposal of securities for investments 3,482,337
(10,684,693) 649,097
(8,506,146) 3,457,027
(7,025,946) 620,555
(8,541,065)
Net
Lossinterest income of investments
on impairment (71,375,658)
2,675,906 (66,625,005)
2,171,310 (68,529,526)
2,675,906 (64,012,512)
2,171,310
Dividend income
Share of profit from investment using equity method (3,781,176)
(77,695) (3,787,746)
(204,290) (12,200,147)
- (5,174,720)
-
120 Proceeds from interest
Loss on impairment income for sale (reversal)
of properties 110,767,001
1,058,423 104,630,832
(159,249) 106,001,571
429,783 100,232,431
5,199
Interest
Gain on expenses
disposal ofpaid premises and equipment (39,083,462)
(3,272) (37,192,424)
(30,593) (37,279,290)
(2,304) (35,720,689)
(29,776)
Proceeds from dividend
Loss on impairment of other assetsincome 3,898,498
91,824 3,669,658
33,801 3,672,659
91,824 3,502,573
34,122
Income
Provisiontaxexpenses
paid (12,134,523)
3,482,337 (8,624,609)
649,097 (10,716,622)
3,457,027 (7,520,376)
620,555
Increase
Net interestin other
income accrued receivables (85,964)
(71,375,658) (174,060)
(66,625,005) (114,409)
(68,529,526) (94,010)
(64,012,512)
Increase (decrease)
Dividend income in other accrued expenses 85,574
(3,781,176) (303,922)
(3,787,746) 29,384
(12,200,147) (242,614)
(5,174,720)
Profit from
Proceeds frominterest
operating before changes in
income 110,767,001 104,630,832 106,001,571 100,232,431
Interestoperating
expensesassets paid and liabilities 54,734,670
(39,083,462) 42,600,368
(37,192,424) 50,395,012
(37,279,290) 39,752,828
(35,720,689)
(Increase) decrease in operating
Proceeds from dividend income assets 3,898,498 3,669,658 3,672,659 3,502,573
Interbank
Income taxand paidmoney market items (14,570,449)
(12,134,523) (46,691,452)
(8,624,609) (19,836,032)
(10,716,622) (42,991,034)
(7,520,376)
Investment
Increase in inother
short-term
accruedsecurities
receivables 6,289,689
(85,964) 5,989,130
(174,060) 4,092,866
(114,409) 8,877,130
(94,010)
Loans
Increaseto customers
(decrease) in other accrued expenses (88,376,984)
85,574 (63,868,627)
(303,922) (80,419,545)
29,384 (61,627,139)
(242,614)
Properties
Profit for
fromsale
operating before changes in 1,692,313 2,038,291 1,296,501 1,273,371
Other assets
operating assets and liabilities (876,447)
54,734,670 (2,977,053)
42,600,368 (2,391,024)
50,395,012 (1,310,958)
39,752,828
(Increase) decrease in operating assets
Interbank and money market items (14,570,449) (46,691,452) (19,836,032) (42,991,034)
Investment in short-term securities 6,289,689 5,989,130 4,092,866 8,877,130
Loans to customers (88,376,984) (63,868,627) (80,419,545) (61,627,139)
Properties for sale 1,692,313 2,038,291 1,296,501 1,273,371
Other assets (876,447) (2,977,053) (2,391,024) (1,310,958)

Notes to the financial statements form an integral part of these financial statements
- 12 -
 Bangkok Bank Public Company Limited | Annual Report 2018

STATEMENT OF CASH FLOWS (CONTINUED)

Bangkok Bank Public Company Limited and Subsidiaries
For the year ended DecemberBANGKOK
31, 2018 BANK PUBLIC COMPANY LIMITED AND SUBSIDIARIES
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED DECEMBER 31, 2018
Baht : '000
CONSOLIDATED THE BANK
Notes 2018 2017 2018 2017
CASH FLOWS FROM OPERATING ACTIVITIES (Continued)
Increase (decrease) in operating liabilities
Deposits 15,726,256 132,602,500 10,069,378 135,762,312
Interbank and money market items 3,278,257 2,655,894 1,181,868 4,312,617
Liability payable on demand (28,599) 319,197 (10,984) 298,715
Short-term borrowings (102,183) (13,239) (3,081) (48,613)
Other liabilities (1,621,895) 159,983 1,303,152 (3,121,371)
Net cash from operating activities (23,855,372) 72,814,992 (34,321,889) 81,177,858
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of available-for-sale securities (406,898,932) (440,696,108) (396,232,943) (435,117,985)
Proceeds from disposal of available-for-sale securities 438,671,785 387,155,324 421,540,961 383,077,621
Purchase of held-to-maturity debt securities (61,740,676) (43,069,324) (10,550,169) (3,633,249)
Proceeds from redemption of held-to-maturity debt securities 52,854,424 49,810,587 9,647,827 5,510,456
Purchase of general investments (3,388,875) (4,173,656) (3,144,206) (4,173,656)
Proceeds from disposal of general investments 5,373,981 7,416,233 5,373,981 7,416,233
Purchase of investment in subsidiaries and associates (200,001) (231,884) (200,001) (3,410,964) 121
Proceeds from disposal of investment in associate - 42,916 - 42,916
Proceeds from dividend income
from subsidiaries and associates 130,287 258,540 8,644,809 1,554,058
Purchase of premises, equipment and leasehold (1,686,958) (1,476,906) (1,586,272) (1,345,347)
Proceeds from disposal of premises and equipment 4,833 38,147 2,704 30,296
Net cash from investing activities 23,119,868 (44,926,131) 33,496,691 (50,049,621)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash received from issuance of senior unsecured notes 6.1.2 38,847,808 - 38,847,808 -
Cash paid for senior unsecured notes extinguishment 6.1.2 (29,131,439) (20,000,000) (29,131,439) (20,000,000)
Increase in borrowings 6.1.2 171,254 135,573 171,254 135,573
Dividend paid (12,065,986) (12,055,440) (12,065,986) (12,055,440)
Dividend paid to non-controlling interest (325,473) (252,478) - -
Net cash from financing activities (2,503,836) (32,172,345) (2,178,363) (31,919,867)
Effect on cash due to changes in the exchange rates (51,842) (86,608) (49,850) (86,943)
Net decrease in cash and cash equivalents (3,291,182) (4,370,092) (3,053,411) (878,573)
Cash and cash equivalents as at January 1, 65,767,586 70,137,678 65,382,699 66,261,272
Cash and cash equivalents as at December 31, 6.1.1 62,476,404 65,767,586 62,329,288 65,382,699

Notes to the financial statements form an integral part of these financial statements
Notes to the financial statements form an integral part of these financial statements

(Mr. Chartsiri Sophonpanich) (Mr. Suvarn Thansathit)

President Senior Executive Vice President
(Mr. Chartsiri Sophonpanich) (Mr. Suvarn Thansathit)
President Senior Executive Vice President
 Annual Report 2018 | Bangkok Bank Public Company Limited

NOTES
BANGKOK BANKTO PUBLICTHE COMPANYFINANCIAL STATEMENTS
LIMITED AND SUBSIDIARIES
NOTES
Bangkok TOBankTHE
PublicFINANCIAL STATEMENTS
Company Limited and Subsidiaries
For the year ended December 31, 2018
FOR THE YEAR ENDED DECEMBER 31, 2018
CONTENT PAGE
NOTES
1. GENERAL INFORMATION AND REGULATORY REQUIREMENTS 124
2. BASIS FOR PREPARATION OF THE CONSOLIDATED AND THE BANK’S FINANCIAL STATEMENTS 124
3. SIGNIFICANT ACCOUNTING POLICIES 129
4. RISK MANAGEMENT 137
5. SIGNIFICANT USE OF ACCOUNTING JUDGMENTS AND ESTIMATES 150
6. ADDITIONAL INFORMATION 151
6.1 Supplementary disclosures of cash flow information 151
6.2 Interbank and money market items, net (assets) 152
6.3 Derivatives 153
6.4 Investments, net 155
122 6.5 Investments in subsidiaries and associates, net 157
6.6 Loans to customers and accrued interest receivables, net 159
6.7 Allowance for doubtful accounts 164
6.8 Revaluation allowance for debt restructuring 166
6.9 Properties for sale, net 166
6.10 Premises and equipment, net 169
6.11 Other intangible assets, net 171
6.12 Deferred tax assets and liabilities 172
6.13 Classified assets in accordance with the Notification of the BOT 175
6.14 Deposits 177
6.15 Interbank and money market items (liabilities) 178
6.16 Debt issued and borrowings 179
6.17 Unsecured subordinated notes 180
6.18 Bonds 180
6.19 The Issuance of Bonds under the Medium Term Note Program 183
6.20 Provisions 183
6.21 Post-employment benefits 183
6.22 Other liabilities 186
6.23 Share capital 186
 Bangkok Bank Public Company Limited | Annual Report 2018

NOTES
BANGKOK BANKTO PUBLICTHE COMPANYFINANCIAL STATEMENTS
LIMITED AND SUBSIDIARIES
NOTES
Bangkok TOBankTHE
PublicFINANCIAL STATEMENTS
Company Limited and Subsidiaries
For the year ended December 31, 2018
FOR THE YEAR ENDED DECEMBER 31, 2018
CONTENT PAGE
NOTES
6.24 The establishment of Special Purpose Vehicle to issue capital securities 187
6.25 Legal reserve and other reserves 188
6.26 The appropriation of the profit and the dividend payments 188
6.27 Assets pledged as collateral and under restriction 190
6.28 Contingent liabilities 190
6.29 Litigation 190
6.30 Related party transactions 190
6.31 Other benefits to directors and persons with managing authority 196
6.32 Disclosure of the statements of cash flows of the Asset Management Company (AMC) 196
6.33 Long-term leases 197
6.34 Operating segments 197 123
6.35 Interest income 199
6.36 Interest expenses 200
6.37 Net fees and service income 200
6.38 Gains (losses) on tradings and foreign exchange transactions 200
6.39 Gains (losses) on investments 201
6.40 Impairment loss of loans and debt securities 201
6.41 Income tax expenses 201
6.42 Approval of the financial statements 203
 Annual Report 2018 | Bangkok Bank Public Company Limited

NOTES TO
BANGKOK BANK THE
PUBLIC FINANCIAL
COMPANY STATEMENTS
LIMITED AND SUBSIDIARIES
NOTESBank
Bangkok TOPublic
THECompany
FINANCIAL
LimitedSTATEMENTS
and Subsidiaries
For the year ended December 31, 2018
FOR THE YEAR ENDED DECEMBER 31, 2018

1. GENERAL INFORMATION AND REGULATORY REQUIREMENTS

Bangkok Bank Public Company Limited is a public company limited registered in the Kingdom of Thailand and
registered in the Stock Exchange of Thailand with its head office located at 333 Silom Road, Bangrak, Bangkok.
The Bank’s main business is commercial banking and the Bank conducts its businesses through a network of
branches covering all parts of Thailand and some major parts of the world.

The Bank is subject to various capital and regulatory requirements administered by the Bank of Thailand (“BOT”).
Under these capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must
satisfy specific capital guidelines that involve quantitative measurements of the Bank’s assets, liabilities and certain
off-balance sheet items calculated in accordance with regulatory requirements. The Bank’s capital amounts and
classification are also subject to qualitative judgment by the BOT about components, risk weightings and other
124 factors. The Bank believes that as at December 31, 2018 and 2017, the Bank complied with all capital adequacy
requirements. However, these capital and regulatory requirements are subject to change by the BOT.

2. BASIS FOR PREPARATION OF THE CONSOLIDATED AND THE BANK’S FINANCIAL STATEMENTS

2.1 The consolidated and the Bank’s statutory financial statements are in the Thai language and prepared in
accordance with Thai Financial Reporting Standards, accounting treatment guidance promulgated by the
Federation of Accounting Professions (“FAP”), accounting practices generally accepted in Thailand including
the Regulations of The Securities and Exchange Commission, The Stock Exchange of Thailand and relevant
BOT’s Notifications.

The consolidated and the Bank’s financial statements are prepared in accordance with Thai Accounting
Standard No. 1 (Revised 2017) regarding Presentation of Financial Statements; and relevant official
regulations, and presented in accordance with the BOT’s Notification regarding the Preparation and
Announcement of Financial Statements of Commercial Banks and Parent Companies of Financial Holding
Groups dated December 4, 2015.

The financial statements have been prepared under the historical cost convention except as disclosed in the
accounting policies.
 Bangkok Bank Public Company Limited | Annual Report 2018

The preparation of the financial statements in conformity with Thai Financial Reporting Standards also requires
the Bank to make estimates and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts
of revenue and expense during the reporting period. The actual results may differ from those estimates. The
use of accounting judgments and estimates that are of significance are disclosed in Note 5. Further
information about methods and key assumptions are set out in the relevant notes.

2.2 New or Revised Thai Financial Reporting Standards

2.2.1 The Bank and subsidiaries have adopted the new or revised Thai Accounting Standards, Thai
Financial Reporting Standards, Thai Accounting Standards Interpretations and Thai Financial
Reporting Interpretations, issued by the FAP and announced in the Royal Gazette, applying for the
financial statements of the periods beginning on or after January 1, 2018 onward with no material
impact on the Bank and subsidiaries’ financial statements.

2.2.2 The Federation of Accounting Professions had issued the Notification of Federation of Accounting
Professions regarding Thai Accounting Standards, Thai Financial Reporting Standards, Thai
125
Accounting Standards Interpretations and Thai Financial Reporting Interpretations which had been
announced in the Royal Gazette, that are relevant to the Bank but not yet effective in 2018 as follows :

Thai Financial Reporting Standards Effective date

Thai Accounting Standards (TAS)
TAS 1 (Revised 2018) Presentation of Financial Statements January 1, 2019
TAS 7 (Revised 2018) Statement of Cash Flows January 1, 2019
TAS 8 (Revised 2018) Accounting Policies, Changes in Accounting Estimates and Errors January 1, 2019
TAS 10 (Revised 2018) Events after the Reporting Period January 1, 2019
TAS 12 (Revised 2018) Income Taxes January 1, 2019
TAS 16 (Revised 2018) Property, Plant and Equipment January 1, 2019
TAS 17 (Revised 2018) Leases January 1, 2019
TAS 19 (Revised 2018) Employee Benefits January 1, 2019
TAS 21 (Revised 2018) The Effects of Changes in Foreign Exchange Rates January 1, 2019
TAS 24 (Revised 2018) Related Party Disclosures January 1, 2019
TAS 27 (Revised 2018) Separate Financial Statements January 1, 2019
TAS 28 (Revised 2018) Investments in Associates and Joint Ventures January 1, 2019
TAS 33 (Revised 2018) Earnings per Share January 1, 2019
TAS 34 (Revised 2018) Interim Financial Reporting January 1, 2019
TAS 36 (Revised 2018) Impairment of Assets January 1, 2019
TAS 37 (Revised 2018) Provisions, Contingent Liabilities and Contingent Assets January 1, 2019

- 17 -
 Annual Report 2018 | Bangkok Bank Public Company Limited

Thai Financial Reporting Standards Effective date

Thai Accounting Standards (TAS)
TAS 38 (Revised 2018) Intangible assets January 1, 2019
Thai Financial Reporting Standards (TFRS)
TFRS 5 (Revised 2018) Non - current Assets Held for Sale and Discontinued January 1, 2019
Operations
TFRS 8 (Revised 2018) Operating Segments January 1, 2019
TFRS 10 (Revised 2018) Consolidated Financial Statements January 1, 2019
TFRS 11 (Revised 2018) Joint Arrangements January 1, 2019
TFRS 12 (Revised 2018) Disclosure of Interests in Other Entities January 1, 2019
TFRS 13 (Revised 2018) Fair Value Measurement January 1, 2019
TFRS 15 Revenue from Contracts with Customers January 1, 2019
Thai Accounting Standards Interpretations (TSIC)
TSIC 15 (Revised 2018) Operating Leases - Incentives January 1, 2019
TSIC 25 (Revised 2018) Income Taxes - Changes in the Tax Status of an Entity or its January 1, 2019
Shareholders
TSIC 32 (Revised 2018) Intangible Assets - Web Site Costs January 1, 2019
126 Thai Financial Reporting Interpretations (TFRIC)
TFRIC 4 (Revised 2018) Determining whether an Arrangement contains a Lease January 1, 2019
TFRIC 10 (Revised 2018) Interim Financial Reporting and Impairment January 1, 2019
TFRIC 14 (Revised 2018) TAS 19 (Revised 2018) - The Limit on a Defined Benefit January 1, 2019
Asset, Minimum Funding Requirements and their Interaction
TFRIC 17 (Revised 2018) Distributions of Non-cash Assets to Owners January 1, 2019
TFRIC 21 (Revised 2018) Levies January 1, 2019
TFRIC 22 Foreign Currency Transactions and Advance Consideration January 1, 2019
Financial Instruments Standards
Thai Accounting Standards (TAS)
TAS 32 Financial Instruments: Presentation January 1, 2020
Thai Financial Reporting Standards (TFRS)
TFRS 7 Financial Instruments: Disclosures January 1, 2020
TFRS 9 Financial Instruments January 1, 2020
Thai Financial Reporting Interpretations (TFRIC)
TFRIC 16 Hedges of a Net Investment in a Foreign Operation January 1, 2020
TFRIC 19 Extinguishing Financial Liabilities with Equity Instruments January 1, 2020

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 Bangkok Bank Public Company Limited | Annual Report 2018

New or revised Thai Financial Reporting Standards which are significantly changed can be
summarized as follows :

 Thai Financial Reporting Standards No. 15 “Revenue from Contracts with Customers” to supersede the
following Thai Accounting Standard and Thai Accounting Standard Interpretation

Thai Accounting Standards

TAS 11 (Revised 2017) Construction Contracts
TAS 18 (Revised 2017) Revenue
Thai Accounting Standard Interpretation
TSIC 13 (Revised 2017) Customer Royalty Programmes
TSIC 15 (Revised 2017) Agreement for the Construction of Real Estate
TSIC 31 (Revised 2017) Revenue-Barter Transactions Involving Advertising
Thai Financial Reporting Interpretation
TFRIC 18 (Revised 2017) Transfers of Assets from Customers
TFRS 15 - Revenue from Contracts with Customers establishes a 5-step approach to recognize
the revenue from the contracts made with the customers: step 1 - identify the contracts with the customer,
127
Step 2 - identify the performance obligations in the contract, Step 3 - determine the transaction price,
Step 4 - allocate the transaction price to the performance obligations in the contract and Step 5 -
recognize revenue when (or as) the entity satisfies a performance obligation of which the entity will
recognize revenue at the amount that reflects the return expected to receive from the exchange of
the good and service.

 A pack of Standards in relation to financial instruments

Thai Accounting Standards

TAS 32 Financial Instruments: Presentation
Thai Financial Reporting Standards
TFRS 7 Financial Instruments: Disclosure
TFRS 9 Financial Instruments
Thai Financial Reporting Interpretation
TFRIC 16 Hedge of Net Investment in a Foreign Operation
TFRIC 19 Extinguishing Financial Liabilities with Equity Instruments

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 Annual Report 2018 | Bangkok Bank Public Company Limited

A pack of Standards in relation to financial instruments includes

- Guidance on the classification and measurement of financial instruments at either fair value or
amortized cost based on determination the type of financial instruments, the contractual cash flow
characteristics and the business model.
- Impairment assessment using the expected credit loss approach. The instruments that are in the scope
of impairment requirement are loan receivable and financial assets which are debt instruments
that are not measure at fair value through profit and loss, loan commitment and financial
guarantee contract. The expected credit loss and its movement shall be recognized in each
financial reporting date to reflect the change of credit risk since initial recognition.
- Hedge accounting which determines the type of transactions eligible for hedge accounting
requirement, the types of instruments that qualify for hedging instruments and hedged items, and
effectiveness testing which is more aligned with risk management strategy.
- Principle for presentation of hybrid instruments, financial instruments as liabilities or equity and for
offsetting financial assets and financial liabilities.
- Disclosure requirement that enable the users of financial statements can evaluate how significant
128 of financial instrument which may have to the financial position and performance. The disclosure
also includes the nature and extent of risks arising from the financial instruments and how such
risks are managed.

The Bank has considered the impact of the above Thai Accounting Standards, Thai Financial
Reporting Standards, Thai Accounting Standards Interpretations and Thai Financial Reporting
Interpretations and determined that they will not have any material impact on the Bank’s financial
statements except for a pack of Thai Financial Reporting Standards in relation to financial instruments
which will be effective on January 1, 2020 that the Bank is in the impact assessment process.

2.3 The consolidated financial statements for the years ended December 31, 2018 and 2017, included the
accounts of the head office and all branches of the Bank and its subsidiaries, by eliminating significant
business transactions and outstanding balances between the Bank and its subsidiaries, and included
equity interest in associates. The subsidiaries consist of BBL (Cayman) Limited, Bangkok Bank Berhad,
Sinnsuptawee Asset Management Company Limited, BBL Asset Management Company Limited, Bualuang
Securities Public Company Limited, Bangkok Bank (China) Company Limited and Bualuang Ventures Limited.

In addition, the consolidated financial statements for the years ended December 31, 2018 and 2017, included
BBL Nominees (Tempatan) Sdn. Bhd, the 100% owned subsidiary of Bangkok Bank Berhad and Bangkok
Capital Asset Management Company Limited, the 100% owned subsidiary of Bualuang Securities Public
Company Limited.

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 Bangkok Bank Public Company Limited | Annual Report 2018

All subsidiaries of the Bank were incorporated in the Kingdom of Thailand except for BBL (Cayman) Limited
which was incorporated in the Cayman Islands British West Indies, Bangkok Bank Berhad which was
incorporated in Malaysia and Bangkok Bank (China) Company Limited which was incorporated in the People’s
Republic of China. For associates, all were incorporated in the Kingdom of Thailand.

2.4 The Bank’s financial statements for the years ended December 31, 2018 and 2017, included the accounts of
the head office and all branches of the Bank. Investments in subsidiaries and associates were accounted for
using the cost method, net of valuation allowance for impairment.

3. SIGNIFICANT ACCOUNTING POLICIES

3.1 Recognition of income

The Bank recognizes interest and fee income on an accrual basis, except for interest from lending which was
accrued over three months, such interest is recognized when received. The Bank reverses all accrued interest
income for items which are no longer on an accrual basis.

3.2 Recognition of expenses

129
The Bank recognizes interest and fee expenses on an accrual basis.

3.3 Cash

Cash consists of cash on hand and cash in transit.

3.4 Derivatives

Derivatives are initially recorded at fair value at the date on which a derivative contract is entered into (Trade
Date) and are subsequently measured at fair value. The changes in fair value are recognized as gains (losses)
on tradings and foreign exchange transactions.

The Bank makes use of derivatives to manage exposures arising from assets, liabilities, off-balance sheet
items, net positions or cash flow. Upon meeting specified criteria for hedge accounting, the Bank applies
hedge accounting for the aforementioned derivatives and the same basis (accrual basis) of accounting for the
hedged items.

In hedging, the Bank takes into consideration the relationship between derivatives and the hedged item,
including the nature of the risk, the objective and strategy for undertaking the hedge as well as the
effectiveness of the hedging relationship.

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 Annual Report 2018 | Bangkok Bank Public Company Limited

The Bank discontinues using hedge accounting when a hedging instrument expires or is sold, or when a
hedge no longer meets the criteria for hedge accounting. Derivative is then remeasured at fair value and the
difference between the carrying value under accrual method and the fair value of derivative is amortized and
recognized in profit or loss in line with the hedged items.

An embedded derivative is a component of a hybrid or combined instrument that also includes a non-
derivative host contract. An embedded derivative causes some or all of the cash flows that otherwise would
be required by the contract to be modified according to the specified variable. The Bank recognizes,
classifies and accounts for the embedded derivative in accordance with the BOT’s Notification. An embedded
derivative is separated from the host contract and accounted for as a derivative if all of the following criteria
are met, namely that the embedded derivative has economic characteristics and risks that are not closely
related to that of the host contract, and which when separated from the host contract would still meet the
definition of a derivative, and where the hybrid instrument is not measured and recognized at fair value with
changes in fair value recognized in profit or loss. An embedded derivative that is separated from the host
contract is classified as held for trading and is presented at fair value with changes in fair value recognized as
gains (losses) on tradings and foreign exchange transactions. The related host contract is recognized,
130 classified and measured according to the related accounting policy. An embedded derivative in a hybrid
instrument which does not meet the aforementioned criteria is accounted for under the host contract.

3.5 Investments

The Bank and its subsidiaries classify debt securities, equity securities and investments in receivables as
trading investments, available-for-sale investments, held-to-maturity debt securities, general investments and
investments in subsidiaries and associates.

Investments are initially recognized on the settlement date at fair value.

Investments in debt securities or marketable equity securities with readily determinable market values that are
acquired with the intent to hold for a short period of time in order to take advantage of anticipated changes in
market values are classified as trading investments and carried at fair value. Unrealized gains and losses from
changes in their fair value, and gains and losses on disposal of investments are recognized as gains (losses)
on tradings and foreign exchange transactions.

Debt securities for which the Bank has the intent and the ability to hold until maturity are classified as held-to-
maturity debt securities and carried at the amortized cost, net of valuation allowances for impairment (if any).

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 Bangkok Bank Public Company Limited | Annual Report 2018

Debt securities, investments in receivables and marketable equity securities with readily determinable market
values that are not classified as either held-to-maturity debt securities, or trading investments or investments in
subsidiaries and associates are classified as available-for-sale investments and carried at fair value. The
unrealized gains or losses from changes in their fair value are reported as a component of shareholders’
equity through other comprehensive income until realized, after which such gains or losses on disposal of the
investments will be recognized as gains (losses) on investments.

Non-marketable equity securities and listed securities with restriction on trading price are classified as general
investments and carried at cost, net of valuation allowances for impairment (if any).

Subsidiaries are entities over which the Bank has the power to control the financial and operating policy in
order to manage the relevant activities so as to obtain return on the Bank’s interest.

Associates are entities over which the Bank has, directly or indirectly, the voting power of the entity which the
Bank has significant influence, but not control, over the financial and operating policy decisions.

Investments in subsidiaries and associates in the Bank’s financial statements are presented under the cost
method, net of valuation allowances for impairment (if any). Investments in associates in the consolidated financial 131
statements are presented under the equity method, net of valuation allowances for impairment (if any).

The Bank presents its investments transferred to a subsidiary as securities transferred to subsidiary, classified as
available-for-sale investments. Cash received from the aforementioned transfer is presented as other liabilities in
accordance with accounting treatment guidance for transfers and accept transfers of financial assets.

Cost of debt and equity securities disposed is computed based on the weighted-average method. Interest
income on debt securities is recognized on an accrual basis. The amortization of premiums and accretion of
discounts uses methods that produce a level yield and presents as interest income. Dividend is recognized on
an accrual basis as other operating income.

Valuation allowances for impairment are established by recognizing an unrealized loss upon impairment of
investments as per the Bank and its subsidiaries’ assessment. The impairment loss for equity securities is
reported as gains (losses) on investments and the impairment loss for debt securities is reported as
impairment loss of loans and debt securities.

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 Annual Report 2018 | Bangkok Bank Public Company Limited

3.6 Loans to customers

The Bank recognizes loans to customers at cost when cash is advanced to a borrower and derecognizes
when getting repayment or writing off.

Overdrafts are carried at the drawn amounts including interest. Other loans to customers are carried at the
principal amounts (See Note 6.6).

3.7 Allowance for doubtful accounts

The BOT allows banks to classify loans and set up the allowance for doubtful accounts on an account-by-
account basis or on a customer basis. In this respect, the Bank has chosen to classify loans and set up the
allowance for doubtful accounts on a customer basis, such that all loans extended to a customer are classified
at the lowest quality category of such customer and the allowance for doubtful accounts is determined
according to the loan classification. The Bank also performs qualitative reviews of loans and commitments in
accordance with the guidelines of the BOT.

The Bank had set up the minimum allowance for doubtful accounts in accordance with the BOT’s Notification
132
regarding the Basis for Classification and Allowance of Financial Institutions dated June 10, 2016.

The Bank had set up the allowance for doubtful accounts for non-performing loans in an amount equal to the
difference between the book value of the outstanding loan and the present value of estimated future cash
flows from the debtor, or the difference between the book value of the outstanding loan and the present value
of estimated future cash flows from the disposal of collateral. For the allowance for doubtful accounts for
performing loans, the Bank had set up the allowance in accordance with the minimum percentage of the
BOT’s guidelines. For loans having similar credit risk characteristics, the Bank may set up the allowance in an
amount of collective impairment by using the historical loss data including current observable data (See Note
6.6.1). Furthermore, the Bank had set aside an additional allowance for doubtful accounts in excess of the
minimum BOT’s requirement by taking into consideration the potential additional loss arising from changes in
economic and legal environment and other factors that may impact the ability of the debtors in meeting their
obligations under the loan agreements.

Debts that are determined to be irrecoverable are written off in the period in which the decision is taken. Bad
debts recovered are recorded as an increase in allowance for doubtful accounts.

In the event of a loss on debt restructuring, the Bank will reduce bad debt and doubtful accounts and
allowance for doubtful accounts by either the loss on debt restructuring or the allowance for doubtful accounts
for that debtor, whichever is the lower.

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 Bangkok Bank Public Company Limited | Annual Report 2018

3.8 Troubled debt restructurings

The Bank’s restructuring methodology includes reduction of principal and/or accrued interest receivables,
asset transfer, debt-equity conversion, and modification of payment schedule.
For debt repayment through asset transfer or debt-equity conversion according to debt restructuring contract,
the Bank recognizes the transferred asset or equity conservatively at the lower of recorded loan amount or
asset fair value, the effect of which is not materially different from recording the transfer at the fair value
following Thai Accounting Standard regarding Accounting for Troubled Debt Restructuring.
For debt restructuring using modification of payment schedule, the Bank calculates the fair value of loans
based on the present value of the expected future cash flows discounted by the market rate. The Bank applies
lending interest rate (MLR) published by the Bank and in force at the time of restructuring as the discount rate
in calculating the resulting future loss, and recognizes this loss on restructuring as expense immediately upon
restructuring. Subsequently, the Bank recalculates the above-mentioned future loss periodically using the
lending interest rate published by the Bank and in force as at the reporting date as the discount rate and
recognizes the change of the above-mentioned future loss as an increase or a decrease in expense in loss on
restructuring accounts. 133
3.9 Properties for sale
Properties for sale consist of immovable and movable properties which are stated at the lower of cost or
market value at the date of acquisition. In the event where the Bank considers that there is a decline in net
realizable value, the impairment is recognized as other operating expense.
Net realizable value is estimated based on the appraised value together with other factors which can affect
the realizable value such as related selling expenses and future discounts expenses.
Gains or losses on disposal of such properties for sale are recognized as other operating income or expense
on the date of disposal.
The Bank had complied with the BOT’s Notification regarding the Immovable Properties for Sale, and the
Rules of the Purchase and Holding of Immovable Properties to be used as Premises for Business of
Commercial Banks or as Facilities for its Officers and Employees dated December 11, 2009 and the
Accounting Rules for Financial Institutions in relation to the Sales of Properties for Sale dated December 4, 2015.
3.10 Premises, equipment and depreciation
Land is stated at the new appraised value. Premises are stated at the new appraised value net of
accumulated depreciation and allowance for impairment (if any). Equipment is stated at cost net of
accumulated depreciation and allowance for impairment (if any).

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 Annual Report 2018 | Bangkok Bank Public Company Limited

The land and premises reappraisal is done by independent appraisers according to the guidelines
established by the BOT based on the market value method for land and the replacement cost method net of
accumulated depreciation for premises, and such value is subject to review by price-approval committee. The
increment resulting from the appraisal is recognized as part of shareholders’ equity as unrealized increment
per land and premises appraisal. Depreciation of the increment per premises appraisal is recognized as other
operating expense and the unrealized increment per premises appraisal is amortized by transferring directly
to retained earnings in an amount equal to such depreciation. Land and premises appraisal decrease is
charged directly against any prior appraisal increase for the particular asset. The residual appraisal decrease
is recognized as other operating expense. Upon disposal, any remaining related revaluation surplus of the
land and premises is transferred directly to retained earnings and is not taken into account in calculating the
gain or loss on disposal.
Depreciation is calculated by the straight-line method, based on the estimated useful lives of the assets, as
follows :

Premises-reappraised 20 - 30 years
134 Premises-newly constructed 20 years
Equipment 3 - 5 years

Depreciation of premises and equipment in foreign countries is at the legal rates applicable in each locality.

When land, premises and equipment become impaired, the allowance for impairment is recorded to
recognize loss on impairment as other operating expenses.

Gains or losses on disposal of land, premises and equipment are recognized as other operating income or
expenses upon disposal.

3.11 Intangible assets and amortization

Intangible assets are stated at cost net of accumulated amortization and allowance for impairment (if any).

Amortization is calculated by the straight-line method, based on the estimated useful lives of the assets. For
computer software, the estimated useful lives are between 3 - 5 years.

Amortization of intangible assets in foreign countries is at the legal rates applicable in each locality.
When intangible assets become impaired, the allowance for impairment is recorded to recognize loss on
impairment as other operating expenses.
Gains or losses on disposal of intangible assets are recognized as other operating income or expenses upon
disposal.

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 Bangkok Bank Public Company Limited | Annual Report 2018

3.12 Leaseholds
Leaseholds are stated at cost less amortization. Amortization charge is calculated by the straight-line method,
based on the lease period, which ranges between 2 - 30 years.
3.13 Provisions
The Bank recognizes provisions in the statements of financial position when the Bank has obligations as a
result of a past event and where it is probable that there will be an outflow of economic benefits to settle such
obligations. The provisions, such as the provisions for off-balance sheet contingencies, the provision for the
post-employment benefits (See Note 6.21), the probable loss on legal indemnity, and other provisions, have
been recognized in the statements of financial position.
The Bank recognizes the provisions as other operating expenses and as provisions in the statements of
financial position.
The Bank reviews the provisions on a regular basis, and recognizes the changes in the provisions as increase
or decrease in other operating expenses.
3.14 Assets and liabilities in foreign currencies 135

3.14.1 Functional currency and presentation currency

Items in the financial statements of foreign operations are recorded at their functional currency.

The consolidated and the Bank’s financial statements are presented in Baht as the presentation
currency.
3.14.2 Translation of foreign currency transactions

Transactions denominated in foreign currencies are translated into the functional currency at the rates
of exchange prevailing at the transaction dates.

At the reporting date, balances of monetary assets and liabilities are translated at the exchange rate
as of the reporting date. Balances of non-monetary assets and liabilities are translated at the
exchange rate prevailing at the transaction dates or exchange rate at the date when the fair value
was determined.

Gains and losses on foreign currency trading and foreign currency translation are presented as gains
(losses) on tradings and foreign exchange transactions.

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 Annual Report 2018 | Bangkok Bank Public Company Limited

3.14.3 Translation of financial statements of foreign operations

In preparation of the consolidated and the Bank’s financial statements, the Bank translates the items
in the statement of financial position of the foreign operation which its functional currency is other than
Baht by using the reference rates of BOT as of the reporting date and translates the items in the
statement of profit or loss and other comprehensive income by using the reference rates of BOT at
the end of each month.
Gains or losses on translation of the financial statements of foreign operations are recognized as a
component of shareholders’ equity through other comprehensive income.
3.15 Post-employment benefits
3.15.1 Defined contribution plans
The Bank and its domestic subsidiaries have the provident funds, which are managed by external
fund managers, for their employees in accordance with the Provident Fund Act B.E. 2530 (1987). The
Bank, its domestic subsidiaries and their employees contribute to the funds at the determined rates.
The employees are entitled to benefits according to the Fund regulations.
136
The provident funds for overseas branches and overseas subsidiaries are established in accordance
with each country’s legal requirement and any withdrawal is made in compliance therewith.

The provident funds are considered defined contribution plans. The Bank and subsidiaries recognize
their contributions to the provident funds as personnel expenses upon receiving the service from
employees.
3.15.2 Defined benefit plans
The Bank and its subsidiaries provide the defined benefit plans for their employees under the
employment agreements. The provision for the employee benefits is assessed by an actuary using
the actuarial techniques called the Projected Unit Credit Method to determine the present value of
cash flows of employee benefits to be paid in the future. Under this method, the determination is
based on actuarial calculations which include the employee’s salaries, turnover rate, mortality rate,
years of service and other factors.
The Bank and its subsidiaries recognize the provision for defined benefit plans in the statements of
financial position with the net total of the present value of defined benefits obligations minus the fair
value of plan assets. The expense for defined benefit plans is recognized as personnel expenses in
the statements of profit or loss and other comprehensive income. The actuarial gains (losses) are
recognized in other comprehensive income.

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 Bangkok Bank Public Company Limited | Annual Report 2018

3.16 Income taxes

Income taxes comprise of current tax and deferred tax.
Current tax is recognized at the amount expected to be paid or recovered from the tax authorities by
calculating from taxable profit or loss for the period and using tax rates enacted or substantively enacted by
the reporting date.
Deferred tax is recognized on temporary differences arising between carrying amounts of assets and liabilities
in the financial statements and the corresponding tax bases used in the computation of taxable profit or loss
(tax base). The Bank recognized deferred tax assets and liabilities arising from such temporary differences at
the amount of expected benefit to be received from the assets or paid for the liabilities in profit or loss except
to the extent that it relates to items recognized in equity, in which case it is recognized directly in equity.
Deferred tax assets and liabilities are offset, if the Bank has a legally enforceable right to offset current tax
assets and current tax liabilities, and they relate to income taxes levied by the same tax authority on the same
taxable entity.
Deferred tax assets are recognized to the extent that it is probable that future taxable profits will be sufficiently
137
available to allow the temporary differences to be utilized. The carrying amount of deferred tax assets are
reviewed at each reporting date and reduced to the extent that the related tax benefit will be realized.
3.17 Earnings per share
Basic earnings per share are calculated by dividing the net income attributable to the Bank by the average
number of ordinary shares outstanding and issued during the period, weighted by the time and amount paid.

Diluted earnings per share are computed from adjusting the net income attributable to ordinary shares and
adjusting the number of ordinary shares by the effect of dilutive potential ordinary shares.
4. RISK MANAGEMENT
4.1 Risk information of the Bank
The Bank’s Risk Management Committee plays a significant role in prescribing the risk management policy,
reviewing the sufficiency of the risk management policy and system, defining the strategy for risk
management, and monitoring the Bank’s risk to an appropriate level, in compliance with the Bank’s risk
management policy which has been approved by the Board of Directors based on the Risk Management
Committee’s recommendation. The objectives are to manage the relevant risks within designated boundaries,
in particular the maintenance of capital in accordance with the revised capital adequacy requirements under
the Basel III guidelines and to achieve an appropriate rate of return.

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 Annual Report 2018 | Bangkok Bank Public Company Limited

Important processes in the risk management system comprise the identification of significant risks which may
potentially impact the Bank’s business operations, the assessment of each type of risk, the monitoring of risks
to be at an appropriate level under the Bank's policy, and the reporting of the status of each type of risk to
relevant parties so as to enable them to manage and/or handle the risks in a timely manner.
The key principle of the risk management system is that business units shall be responsible for continuously
managing their risk exposures in order to ensure that the risk is within the specified limits and in compliance
with the overall risk management policy approved by the Board of Directors, while the Risk Management unit is
responsible for monitoring and controlling the risks on a regular basis.
4.1.1 Credit risk
Credit Risk is the risk that borrowers or counterparties fail to fulfill their obligations under contractual
agreements arising from lending, investment and other contractual activities, such as the borrowers’
failure to repay principal or interest as agreed in the contract, etc. The Bank’s maximum exposure to
credit risk is the net carrying amount of the financial assets or the amount which the Bank could have
to pay if counterparties cannot meet such contractual obligations.

138 The Bank has established comprehensive credit underwriting processes which include the
formulation of the credit policy, procedures for the assessment of credit risk ratings for customers,
and the establishment of various levels of credit approval authority, based on the type of business
and/or the size of the credit facilities. In general, credit facilities are extended based on the capacity
to repay, which is assessed by evaluating the purpose of the loan, the projected operating cash flows,
business feasibility and the capability of management. Collateral coverage is also taken into
consideration as a contingency measure. Credit reviews including reviews of the credit risk ratings
are undertaken on a regular basis. Furthermore, the Bank also has established limits to be used as a
tool to monitor and control credit risk.
4.1.2 Interest rate risk
Interest rate risk is the risk that arises from the potential change in interest rates which may have an
adverse effect on the net interest income of the Bank in the current reporting period, and/or in future
periods. Interest rate risk arises from the structure and characteristics of the Bank’s assets and
liabilities, and in the mismatch in repricing dates of its assets and liabilities.
The Bank assesses, monitors, and controls interest rate risk to be at an acceptable level and to
comply with the policy set by the Asset-Liability Management Committee (ALCO) and the Risk
Management Committee (RMC). The Bank manages interest rate risk in order to achieve business
return targets and control the potential impact on capital to be within a specified limit. The Bank thus
deploys derivatives to hedge its interest rate risk.

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 Bangkok Bank Public Company Limited | Annual Report 2018

The Bank has significant financial assets and financial liabilities categorized by the earlier of
The Bank has
contractual significant
repricing financial
or maturity datesassets and financial
as at December liabilities
31, 2018 categorized
and 2017 as followsby: the earlier of
contractual repricing or maturity dates as at December 31, 2018 and 2017 as follows :
Million Baht
CONSOLIDATED Million Baht
2018
CONSOLIDATED
Call to 1-3 3 - 12 1 - 52018 Over Non - Non - Total
1Call
Month
to Months
1-3 Months
3 - 12 1-5
Years 5 Over
Years interest
Non - Non -
accrual Total
1 Month Months Months Years 5 Years bearing
interest Loans
accrual
Financial Assets bearing Loans
Financial Assets
Interbank and money
Interbank and money
market items 
345,208 33,266 11,762 2,949 - 59,166 - 452,351

market items
Investments in debt securities 345,208
21,774 33,266
21,621 11,762
102,222 2,949
282,729 17,871- 59,166- -- 452,351
446,217
Investments in debt securities
Loans 21,774
1,349,860 21,621
346,953 102,222
222,873 282,729
76,381 17,871
5,925 9,742- 71,426- 446,217
2,083,160
LoansLiabilities
Financial 1,349,860 346,953 222,873 76,381 5,925 9,742 71,426 2,083,160
Financial Liabilities
Deposits 1,317,049 339,575 548,030 21,628 - 100,188 - 2,326,470
Deposits
Interbank and money 1,317,049 339,575 548,030 21,628 - 100,188 - 2,326,470
Interbank and money
market items 78,339 23,005 6,938 8,973 3,484 16,123 - 136,862
market items
Liabilities payable 78,339 23,005 6,938 8,973 3,484 16,123 - 136,862
Liabilities
on demand payable 7,223 - - - - - - 7,223
on demand
Debt issued and borrowings 7,2239 140- -- 68,359- 47,840- -- -- 7,223
116,348
Debt issued and borrowings 9 140 - 68,359 47,840 - - 116,348 139
Million Baht
CONSOLIDATED Million Baht
2017
CONSOLIDATED
Call to 1-3 3 - 12 1 - 52017 Over Non - Non - Total
1Call
Month
to Months
1-3 Months
3 - 12 1-5
Years 5 Over
Years interest
Non - Non -
accrual Total
1 Month Months Months Years 5 Years bearing
interest Loans
accrual
Financial Assets bearing Loans
Financial Assets
Interbank and money
Interbank and money
market items 
296,303 50,301 25,217 3,644 - 62,528 - 437,993

market items
Investments in debt securities 296,303
6,922 50,301
22,962 25,217
40,083 3,644
373,077 24,545- 62,528- -- 437,993
467,589
Investments
Loans in debt securities 6,922
1,281,759 22,962
350,853 40,083
186,445 373,077
79,217 24,545
18,244 9,178- 78,293- 467,589
2,003,989
LoansLiabilities
Financial 1,281,759 350,853 186,445 79,217 18,244 9,178 78,293 2,003,989
Financial Liabilities
Deposits 1,245,875 376,336 561,043 22,507 - 104,982 - 2,310,743
Deposits
Interbank and money 1,245,875 376,336 561,043 22,507 - 104,982 - 2,310,743
Interbank and money
market items 64,677 23,006 11,518 7,477 9,413 17,493 - 133,584
market items
Liabilities payable 64,677 23,006 11,518 7,477 9,413 17,493 - 133,584
Liabilities
on demand payable 7,252 - - - - - - 7,252
on demand
Debt issued and borrowings 7,252
12 226- 29,404- 52,327- 25,221- -- -- 7,252
107,190
Debt issued and borrowings 12 226 29,404 52,327 25,221 - - 107,190


Excluding allowance for doubtful accounts and accrued interest receivables.

Excluding allowance for doubtful accounts and accrued interest receivables.
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 Annual Report 2018 | Bangkok Bank Public Company Limited

Million Baht
THE BANK Million Baht
2018
THE BANK
Call to 1-3 3 - 12 1 - 52018 Over Non - Non - Total
1 Call
Monthto Months
1-3 Months
3 - 12 Years
1-5 5 Years
Over interest
Non - accrual
Non - Total
1 Month Months Months Years 5 Years bearing
interest Loans
accrual
Financial Assets bearing Loans
Interbank
Financial Assetsand money
Interbank
market itemsandmoney 324,393 21,734 3,764 3,126 - 52,541 - 405,558

market items
Investments in debt securities 324,393
7,908 21,734
20,397 3,764
98,519 3,126
277,136 17,871- 52,541- -- 421,831
405,558
Investments in debt securities
Loans 7,908
1,326,713 20,397
334,597 98,519
212,825 277,136
69,682 17,871
1,634 9,742- 70,456- 2,025,649
421,831
Loans
Financial Liabilities 1,326,713 334,597 212,825 69,682 1,634 9,742 70,456 2,025,649
Deposits
Financial Liabilities 1,294,711 331,899 520,195 15,497 - 100,188 - 2,262,490
Deposits and money
Interbank 1,294,711 331,899 520,195 15,497 - 100,188 - 2,262,490
Interbank
market itemsand money 72,102 19,922 6,938 9,619 3,484 16,329 - 128,394
market payable
Liabilities items 72,102 19,922 6,938 9,619 3,484 16,329 - 128,394
Liabilities
on demand payable 7,199 - - - - - - 7,199
on demand
Debt issued and borrowings 7,199
9 14- -- 68,358- 47,840- -- -- 116,221
7,199
Debt issued and borrowings 9 14 - 68,358 47,840 - - 116,221
Million Baht
THE BANK Million Baht
140 2017
THE BANK
Call to 1-3 3 - 12 1 - 52017 Over Non - Non - Total
1 Call
Monthto Months
1-3 Months
3 - 12 Years
1-5 5 Years
Over interest
Non - accrual
Non - Total
1 Month Months Months Years 5 Years bearing
interest Loans
accrual
Financial Assets bearing Loans
Interbank
Financial Assetsand money
Interbank
market itemsandmoney 273,518 35,942 17,525 3,644 - 55,094 - 385,723

market items
Investments in debt securities 273,518
6,672 35,942
14,650 17,525
37,427 3,644
367,777 24,545- 55,094- -- 451,071
385,723
Investments in debt securities
Loans 6,672
1,256,080 14,650
340,654 37,427
173,983 367,777
78,975 24,545
18,178 9,178- 76,909- 1,953,957
451,071
Loans
Financial Liabilities 1,256,080 340,654 173,983 78,975 18,178 9,178 76,909 1,953,957
Deposits
Financial Liabilities 1,224,025 369,410 535,972 18,026 - 104,988 - 2,252,421
Deposits and money
Interbank 1,224,025 369,410 535,972 18,026 - 104,988 - 2,252,421
Interbank
market itemsand money 61,664 20,365 10,515 7,477 9,413 17,779 - 127,213
market payable
Liabilities items 61,664 20,365 10,515 7,477 9,413 17,779 - 127,213
Liabilities
on demand payable 7,210 - - - - - - 7,210
on demand
Debt issued and borrowings 7,210
12 -- 29,404- 52,327- 25,221- -- -- 106,964
7,210
Debt issued and borrowings 12 - 29,404 52,327 25,221 - - 106,964


Excluding allowance for doubtful accounts and accrued interest receivables.

Excluding allowance for doubtful accounts and accrued interest
- 32 receivables.
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 Bangkok Bank Public Company Limited | Annual Report 2018

Basic information concerning fixed interest rate versus floating interest rate of domestic loans as at
December 31, 2018 and 2017 are as follows :
Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
Fixed interest rate 408,637 380,296 408,637 380,296
Floating interest rate 1,328,908 1,318,977 1,326,718 1,316,100
Total 1,737,545 1,699,273 1,735,355 1,696,396

The interest-earning financial assets and interest-bearing financial liabilities for the years ended
December 31, 2018 and 2017 are as follows :
Million Baht
CONSOLIDATED
FOR THE YEARS ENDED DECEMBER 31,
2018 2017
Average Interest Average Average Interest Average
Balance Income / Rate (%) Balance Income / Rate (%)
Expense Per Annum Expense Per Annum
Interest-earning Financial Assets
Interbank and money market items 481,103 8,397 1.75 509,521 8,317 1.63
Investments in debt securities 460,149 9,199 2.00 424,748 8,242 1.94 141
Loans 2,025,402 93,131 4.60 1,939,223 88,876 4.58
Total 2,966,654 110,727 2,873,492 105,435
Interest-bearing Financial Liabilities
Deposits 2,318,609 21,762 0.94 2,268,859 21,596 0.95
Interbank and money market items 158,312 2,142 1.35 121,349 1,081 0.89
Debt issued and borrowings 104,552 5,561 5.32 129,984 6,523 5.02
Total 2,581,473 29,465 2,520,192 29,200

Million Baht
THE BANK
FOR THE YEARS ENDED DECEMBER 31,
2018 2017
Average Interest Average Average Interest Average
Balance Income / Rate (%) Balance Income / Rate (%)
Expense Per Annum Expense Per Annum
Interest-earning Financial Assets
Interbank and money market items 432,982 6,826 1.58 459,125 6,705 1.46
Investments in debt securities 440,597 8,737 1.98 404,712 7,755 1.92
Loans 1,971,807 90,411 4.59 1,890,899 86,540 4.58
Total 2,845,386 105,974 2,754,736 101,000
Interest-bearing Financial Liabilities
Deposits 2,259,501 20,123 0.89 2,212,092 20,017 0.90
Interbank and money market items 152,055 1,885 1.24 114,525 843 0.74
Debt issued and borrowings 104,370 5,561 5.33 129,746 6,523 5.03
Total 2,515,926 27,569 2,456,363 27,383

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 Annual Report 2018 | Bangkok Bank Public Company Limited

4.1.3 Foreign exchange risk

Foreign exchange risk is the risk that arises when the Bank deals in foreign currency transactions
which lead to overbought or oversold positions in any individual foreign currency positions. The
Bank may incur gains or losses as a result of changes in foreign exchange rates.
The Bank manages its foreign currency positions in compliance with regulatory guidelines and the
internal risk limits set by ALCO and RMC.
4.1.4 Equity price risk
Equity price risk is the risk associated with equity price changes and resulting in the deterioration of
investment value or profit (loss) fluctuations.
The Bank invests in equity securities within the regulatory guidelines and its investment policy.
4.1.5 Liquidity risk
Liquidity risk is the risk that the Bank is unable to meet financial obligations when they fall due. The
purpose of the Bank’s liquidity risk management is to maintain sufficient funds to meet present and
142 future financial obligations while managing the use of the funds to generate an appropriate return in
line with prevailing market conditions.
The Bank manages liquidity risk in accordance with policies and guidelines established by ALCO and
the liquidity reserve requirement as well as other relevant regulatory requirements. Treasury Division
is in charge of managing the Bank’s liquidity, while the Market Risk unit of the Risk Management unit is
responsible for identifying, assessing, monitoring, reporting and controlling risks to be within the
specified limits and reports to ALCO on a regular basis.
The Bank has diversified funding sources. Its major funding source is customer deposits which are
well-diversified in different deposit types and maturities. Moreover, the Bank manages its liquidity
through domestic money and capital markets including swap and repurchase markets, and through
international money and capital markets in currencies such as the US dollar and the Euro. The Bank
aims to balance the cost of liquidity against liquidity risks as deemed appropriate based on market
conditions and acceptable risk levels. The Bank also closely manages short-term and long-term
liquidity positions, taking into consideration foreign short-term and long-term borrowings to meet
customers’ foreign currency loan demands in both domestic and overseas operations as well as
planning for capital fund raising as market conditions permit. In addition to funding diversification,
the Bank maintains high-quality liquid assets which can be liquidated or realized as needed in order
to meet its financial obligations under both business-as-usual and crisis situations.

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 Bangkok Bank Public Company Limited | Annual Report 2018

The Bank has financial assets and financial liabilities categorized by maturity profile as at December 31, 2018
The Bank as
and 2017 hasfollows
financial: assets and financial liabilities categorized by maturity profile as at December 31, 2018
and 2017 as follows :
Million Baht
CONSOLIDATED Million Baht
CONSOLIDATED
2018
Up to 1 to 5 Over 2018 No Maturity Non - Total
1UpYear
to Years
1 to 5 5 Over
Years No Maturity accrual
Non - Total
1 Year Years 5 Years Loans
accrual
Financial Assets Loans
Financial Assetsand money market items
Interbank 449,402 2,949 - - - 452,351

Interbank
Derivativesand money market items 449,402
10,381 2,949
7,806 10,463- -- -- 452,351
28,650
Derivatives
Investments 10,381
145,295 7,806
284,505 10,463
18,037 110,559- -- 28,650
558,396
Investments
Loans 145,295
884,806 284,505
734,445 18,037
393,163 110,559- 70,746- 558,396
2,083,160
LoansLiabilities
Financial 884,806 734,445 393,163 - 70,746 2,083,160
Financial Liabilities
Deposits 2,304,842 21,628 - - - 2,326,470
Deposits
Interbank and money market items 2,304,842
122,142 21,628
11,236 3,484- -- -- 2,326,470
136,862
Interbank and money
Liabilities payable market items
on demand 122,142
7,223 11,236- 3,484- -- -- 136,862
7,223
Liabilities
Derivativespayable on demand 7,223
7,621 4,834- 9,883- -- -- 7,223
22,338
Derivatives
Debt issued and borrowings 7,621
150 4,834
68,358 9,883
47,840 -- -- 22,338
116,348
Debt issued and borrowings 150 68,358 47,840 - - 116,348
143
Million Baht
CONSOLIDATED Million Baht
CONSOLIDATED
2017
Up to 1 to 5 Over 2017 No Maturity Non - Total
1UpYear
to Years
1 to 5 5 Over
Years No Maturity accrual
Non - Total
1 Year Years 5 Years Loans
accrual
Financial Assets Loans
Financial Assetsand money market items
Interbank 434,349 3,644 - - - 437,993

Interbank
Derivativesand money market items 434,349
9,667 3,644
8,345 9,348- -- -- 437,993
27,360
Derivatives
Investments 9,667
71,982 8,345
375,910 9,348
24,597 120,691- -- 27,360
593,180
Investments
Loans 71,982
825,155 375,910
672,629 24,597
428,623 120,691- 77,582- 593,180
2,003,989
LoansLiabilities
Financial 825,155 672,629 428,623 - 77,582 2,003,989
Financial Liabilities
Deposits 2,288,236 22,507 - - - 2,310,743
Deposits
Interbank and money market items 2,288,236
116,694 22,507
7,477 9,413- -- -- 2,310,743
133,584
Interbank and money
Liabilities payable market items
on demand 116,694
7,252 7,477- 9,413- -- -- 133,584
7,252
Liabilities
Derivativespayable on demand 7,252
6,552 5,213- 9,237- -- -- 7,252
21,002
Derivatives
Debt issued and borrowings 6,552
29,642 5,213
52,327 9,237
25,221 -- -- 21,002
107,190
Debt issued and borrowings 29,642 52,327 25,221 - - 107,190


Excluding allowance for doubtful accounts and accrued interest receivables.

Excluding allowance for doubtful accounts and accrued interest receivables.
- 35 -
- 35 -
 Annual Report 2018 | Bangkok Bank Public Company Limited

Million Baht
THE BANK Million Baht
THE2018
BANK
Up to 1 to 5 Over 2018No Maturity Non - Total
1Up
Year
to Years
1 to 5 5 Over
Years No Maturity accrual
Non - Total
1 Year Years 5 Years Loans
accrual
Financial Assets Loans
Interbank
Financial Assets and money market items 402,432 3,126 - - - 405,558
Interbank and money market items
Derivatives 402,432
10,066 3,126
7,806 10,462- - - 405,558
28,334
Derivatives
Investments 10,066
123,957 7,806
278,911 10,462
18,038 142,080- - 28,334
562,986
Investments
Loans 123,957
844,998 278,911
722,915 18,038
387,280 142,080- 70,456- 562,986
2,025,649
LoansLiabilities
Financial 844,998 722,915 387,280 - 70,456 2,025,649
Deposits
Financial Liabilities 2,246,993 15,497 - - - 2,262,490
Deposits and money market items
Interbank 2,246,993
113,674 15,497
11,236 3,484- - - 2,262,490
128,394
Interbank payable
Liabilities and money market items
on demand 113,674
7,199 11,236- 3,484- - - 128,394
7,199
Liabilities payable on demand
Derivatives 7,199
7,137 4,834- 9,883- - - 7,199
21,854
Derivatives
Debt issued and borrowings 7,137
23 4,834
68,358 9,883
47,840 - - 21,854
116,221
Debt issued and borrowings 23 68,358 47,840 - - 116,221
Million Baht
THE BANK Million Baht
THE2017
BANK
Up to 1 to 5 Over 2017No Maturity Non - Total
144 1Up
Year Years 5 Over
Years No Maturity accrual
to 1 to 5 Non - Total
1 Year Years 5 Years Loans
accrual
Financial Assets Loans
Interbank
Financial Assets and money market items 382,079 3,644 - - - 385,723
Interbank and money market items
Derivatives 382,079
9,356 3,644
8,344 9,348- - - 385,723
27,048
Derivatives
Investments 9,356
55,770 8,344
370,610 9,348
24,597 149,559- - 27,048
600,536
Investments
Loans 55,770
787,097 370,610
664,651 24,597
425,300 149,559- 76,909- 600,536
1,953,957
LoansLiabilities
Financial 787,097 664,651 425,300 - 76,909 1,953,957
Deposits
Financial Liabilities 2,234,395 18,026 - - - 2,252,421
Deposits and money market items
Interbank 2,234,395
110,323 18,026
7,477 9,413- - - 2,252,421
127,213
Interbank payable
Liabilities and money market items
on demand 110,323
7,210 7,477- 9,413- - - 127,213
7,210
Liabilities payable on demand
Derivatives 7,210
5,763 5,213- 9,237- - - 7,210
20,213
Derivatives
Debt issued and borrowings 5,763
29,416 5,213
52,327 9,237
25,221 - - 20,213
106,964
Debt issued and borrowings 29,416 52,327 25,221 - - 106,964


Excluding allowance for doubtful accounts and accrued interest receivables.

Excluding allowance for doubtful accounts and accrued interest
- 36receivables.
-
 Bangkok Bank Public Company Limited | Annual Report 2018

4.2 Fair value of financial instruments

The following table presents the carrying amount and estimated fair value of financial instruments as at
December 31, 2018 and 2017 :
Million Baht
CONSOLIDATED
2018 2017
Carrying Fair Value Carrying Fair Value
Amount Amount
Financial Assets
Cash 62,394 62,394 65,473 65,473
Interbank and money market items, net 450,700 450,700 437,738 437,738
Derivatives 28,650 28,581 27,360 27,815
Investments, net 558,396 635,701 593,180 621,204
Loans to customers and accrued interest
receivables, net 1,935,781 1,935,781 1,869,029 1,869,029
Total 3,035,921 3,113,157 2,992,780 3,021,259
Financial Liabilities
Deposits 2,326,470 2,326,470 2,310,743 2,310,743
Interbank and money market items 136,862 136,862 133,584 133,584
Liabilities payable on demand 7,223 7,223 7,252 7,252
Derivatives 22,338 22,828 21,002 21,559 145
Debt issued 116,019 128,669 107,032 123,217
Borrowings 329 329 158 158
Total 2,609,241 2,622,381 2,579,771 2,596,513
Million Baht
THE BANK
2018 2017
Carrying Fair Value Carrying Fair Value
Amount Amount
Financial Assets
Cash 62,329 62,329 65,383 65,383
Interbank and money market items, net 404,378 404,378 385,772 385,772
Derivatives 28,334 28,266 27,048 27,506
Investments, net 562,986 601,919 600,536 643,644
Loans to customers and accrued interest
receivables, net 1,881,395 1,881,395 1,822,089 1,822,089
Total 2,939,422 2,978,287 2,900,828 2,944,394
Financial Liabilities
Deposits 2,262,490 2,262,490 2,252,421 2,252,421
Interbank and money market items 128,394 128,394 127,213 127,213
Liabilities payable on demand 7,199 7,199 7,210 7,210
Derivatives 21,854 22,344 20,213 20,771
Debt issued 115,892 128,542 106,806 122,991
Borrowings 329 329 158 158
Total 2,536,158 2,549,298 2,514,021 2,530,764

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 Annual Report 2018 | Bangkok Bank Public Company Limited

For cash, deposits, interbank and money market items (liabilities), liabilities payable on demand, and
borrowings, the carrying amounts in the statements of financial position approximate the fair value of the items.

The fair value for loans to customers and interest receivables, net and interbank and money market items, net
(assets) is based on the carrying value of the loans to customers and interest receivables, net of the allowance
for doubtful accounts as presented in the statement of financial position.

The following methods and assumptions were used by the Bank in estimating the fair value of financial
instruments as disclosed herein :

The fair values of interbank and money market items, net (assets), loans to customers and interest receivables, net,
deposits, interbank and money market items (liabilities), liabilities payable on demand, and borrowings are
determined by discounting cash flows using the relevant market interest rates.

The fair value of derivatives is derived from market price or valuation techniques which are based on the
market prices of instruments with similar characteristics and maturities or the valuation quoted by a reliable
institution.
146
The fair value determination of investments in debt securities

- For domestic debt securities listed in the Thai Bond Market Association, the fair value is determined by using
the market yield of debt securities published by the Thai Bond Market Association. For such debt securities
that are not listed in the Thai Bond Market Association, the average bid yield from three reliable financial
institutions will be used.

- For foreign debt securities, the value quoted by reliable international financial institutions will be used.

The fair value determination of investments in equity securities

- For marketable equity securities with readily determinable market values, the fair value is determined by the
last bid price on The Stock Exchange of Thailand on the last business day of the reporting date. If the last
bid price is not available, the last closing price will be used.

- Investments in unit trusts are stated at fair value based on redemption value at the reporting date.

- For general investments, the fair value is determined by using appropriate valuation techniques with price
and/or variables from the market and consideration to limitation of sale, liquidation, and discount rate to
adjust such fair value. The valuation techniques include the use of recent arm’s length transactions,
reference to current fair value of other investments that have similar characteristics, discounted cash flows,
and market multiples.

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 Bangkok Bank Public Company Limited | Annual Report 2018

The fair value for debt issued is based on the market value.
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date in the principal market, or in the absence,
the most advantageous market, where is accessible to by the Bank. The fair value of instruments that are
quoted in active markets is determined using the quoted prices. A market is regarded as active if transactions
take place with sufficient frequency and volume to provide pricing information on an ongoing basis. If the
market is not active, or an asset or a liability is not traded in an active market, the Bank uses valuation
techniques to determine fair value by using the assumptions that market participants would use when pricing
the asset or liability. Where applicable, a valuation adjustment is applied to arrive at the fair value.
The following table shows an analysis of financial assets and financial liabilities by level of the fair value
hierarchy as at December 31, 2018 and 2017.
Million Baht
CONSOLIDATED
2018 2017
Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
Items measured at fair value :
Financial assets 147
Derivatives - 28,581 - 28,581 - 27,815 - 27,815
Investments, net 92,491 412,863 - 505,354 103,117 445,647 - 548,764
Financial liabilities
Derivatives 300 22,528 - 22,828 366 21,193 - 21,559
Items not measured at fair value :
Financial assets
Investments, net 2,676 66,623 61,048 130,347 2,580 9,555 60,305 72,440
Financial liabilities
Debt issued - 128,669 - 128,669 - 123,217 - 123,217

Million Baht
THE BANK
2018 2017
Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
Items measured at fair value :
Financial assets
Derivatives - 28,266 - 28,266 - 27,506 - 27,506
Investments, net 89,945 399,067 - 489,012 98,123 428,748 - 526,871
Financial liabilities
Derivatives - 22,344 - 22,344 - 20,771 - 20,771
Items not measured at fair value :
Financial assets
Investments, net 2,676 2,857 107,374 112,907 2,580 2,568 111,625 116,773
Financial liabilities
Debt issued - 128,542 - 128,542 - 122,991 - 122,991

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 Annual Report 2018 | Bangkok Bank Public Company Limited

Fair values are determined according to the following hierarchy :

Level 1 - quoted prices in active market for identical assets or liabilities
Level 2 - value derived from valuation techniques for which the significant input used for the fair value
measurement is directly or indirectly observable in the market
Level 3 - value derived from valuation techniques for which the significant input used for the fair value
measurement is unobservable in the market
When using valuation techniques, the valuation adjustments are adopted, when the Bank considers that there
are additional factors that would be considered by a market participant but are not incorporated within the
valuation measurements. The considering factors are such as bid-offer spread, counterparty credit and
liquidity, etc.

4.3 Capital fund

It is the Bank’s policy to maintain an adequate level of capital to support growth strategies under an acceptable
risk framework taking into consideration regulatory requirements and market expectations. The Bank regularly
assesses its capital adequacy under various scenarios in order to anticipate capital requirements for the purpose
148 of its capital planning and management process.

The guideline on capital fund based on the Basel III guidelines of the BOT requires the Bank to maintain a capital
conservation buffer in addition to minimum capital adequacy ratios which sets out to phasing in additional capital
ratio of more than 0.625 percent p.a. starting January 1, 2016 until completion of the increment to more than 2.50
percent in January 1, 2019. The minimum capital adequacy and a capital conservation buffer ratios to risk assets
is as follows :
Percentage
2018 2017
Capital Fund Ratio
Common Equity Tier 1 ratio More than 6.375 More than 5.75
Tier 1 capital ratio More than 7.875 More than 7.25
Total capital fund ratio More than 10.375 More than 9.75

In September 2017, the BOT has announced the guideline to identify and regulate Domestic Systemically
Important Banks (D-SIBs). The BOT requires the Bank, classified as D-SIBs, must have additional capital
requirement for Higher Loss Absorbency (HLA) requirement by increasing the Common Equity Tier 1 ratio
at 1 percent, beginning at 0.5 percent from January 1, 2019 and increasing to be 1 percent from
January 1, 2020 onwards.

Moreover, the BOT may require to maintain additional capital for countercyclical buffer at maximum of 2.50 percent.

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 Bangkok Bank Public Company Limited | Annual Report 2018

As at December 31, 2018 and 2017, the Bank maintained capital adequacy ratios to risk assets and capital
fund in accordance with the BOT’s Notification relating to the Basel III guidelines as follows :
Percentage
CONSOLIDATED THE BANK
2018 2017 2018 2017
Common Equity Tier 1 capital to risk assets ratio 16.43 16.62 16.24 16.47
Tier 1 capital to risk assets ratio 16.43 16.63 16.24 16.47
Total capital to risk assets ratio 17.96 18.17 17.78 18.03
Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
Tier 1 capital 390,369 383,942 374,633 369,261
Common Equity Tier 1 capital 390,309 383,841 374,633 369,261
Paid-up share capital 19,088 19,088 19,088 19,088
Premium on share capital 56,346 56,346 56,346 56,346
Legal reserve 23,000 22,000 23,000 22,000
Reserves appropriated from net profit 101,500 96,500 101,500 96,500
Net profit after appropriation 152,107 134,606 132,089 118,714
Other comprehensive income 42,039 56,126 45,361 57,374
Deductions from Common Equity
149
Tier 1 capital (3,771) (825) (2,751) (761)
Additional Tier 1 capital 60 101 - -

Tier 2 capital 36,194 35,638 35,312 34,965

Total capital fund 426,563 419,580 409,945 404,226

As at December 31, 2018 and 2017, the Bank has no capital add-on arising from Single Lending Limit.

Disclosure of capital maintenance information of the Bank and the Financial Holding Group under the BOT’s
Notification regarding the disclosure of the capital requirement of commercial banks, regarding the disclosure
of the capital requirement of the Financial Holding Group and regarding liquidity coverage ratio disclosure
standards.

Location of disclosure www.bangkokbank.com/Investor Relations/Financial Information/Basel III - Pillar 3

Date of disclosure October 31, 2018
Information as of June 30, 2018

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 Annual Report 2018 | Bangkok Bank Public Company Limited

5. SIGNIFICANT USE OF ACCOUNTING JUDGMENTS AND ESTIMATES

5.1 Impairment of investments in securities

The Bank assesses the impairment of investments in securities where objective evidence of impairment exists
and determines that the investments are impaired when there has been a significant or prolonged decline in
the fair value below its cost. This determination of what is significant or prolonged requires the Bank’s
judgment. In making this judgment, the Bank evaluates the volatility in the investment’s fair value and other
factors which include the estimated future cash flows, the deterioration in the financial position of the issuer of
the securities and the operating environment in the industry sector of the issuer.

5.2 Allowance for doubtful accounts

The determination of the allowance for doubtful accounts requires the use of various assumptions and
judgments by the Bank, which includes the consideration of objective evidence indicating an adverse change
in the capacity of the borrowers to repay loans, the estimated future cash flows to be received from the
borrowers, the estimated cash flows from the collateral, the timing of future cash flows, the potential of
150 additional future loss and the economic conditions that may have an impact on the loan default rate. The Bank
reviews these estimates and assumptions on a regular basis.

5.3 Provisions

The determination of the provisions on the statement of financial position requires the use of various
assumptions and judgments by the Bank, taking into consideration the nature of transactions and the
circumstances requiring the provisions, the probability of the outflow of economic benefits to settle such
obligations and the estimate of the net future cash outflows. The consideration is based on the experience and
information that is available at the time that the financial statements are being prepared. The provisions are
reviewed regularly. However, the actual results may differ from the estimates.

For the estimation of the provision for the defined benefit plans under the post-employment benefits, the
estimation is calculated by an actuary by using the actuarial techniques which requires actuarial assumptions
on financial variables such as discount rate, future salaries and benefits etc., and demographic variables such
as employee mortality and turnover etc. The past service cost as a result of post-employee benefit plan
amendment is recognized as the expense in profit and loss when the plan is amended using the judgment
that the obligation is certainly arisen if the new law will be enacted as draft.

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 Bangkok Bank Public Company Limited | Annual Report 2018

5.4 Fair value of financial instruments

Where assets and liabilities are not traded in active markets, the Bank determines fair value by using valuation
techniques commonly used by market participants including the reference to the fair value of another
instrument of a similar nature, the discounted cash flow analysis and pricing models.
The Bank uses its best judgment in estimating the fair values of financial instruments. However, estimation
methodologies and assumptions used to estimate fair values are inherently subjective. Accordingly, the use of
different estimation methodologies and/or market assumptions may have a significant effect on the estimated
fair values.
6. ADDITIONAL INFORMATION
6.1 Supplementary disclosures of cash flow information
6.1.1 Cash and cash equivalents are cash on hand and cash in transit including subsidiaries’ cash at bank
and short-term investments with a maturity of less than or equal to three months from the acquisition
date and without any obligations.
Cash and cash equivalents as at December 31, 2018 and 2017 are as follows :
151
Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
Cash 62,394 65,473 62,329 65,383
Cash equivalents
Cash at Bank - current and savings accounts 32 45 - -
Fixed deposits and notes with a maturity
less than or equal to three months 50 250 - -
Total cash and cash equivalents 62,476 65,768 62,329 65,383
6.1.2 Significant non-cash items for the years ended December 31, 2018 and 2017 are as follows :
Million Baht
CONSOLIDATED THE BANK
FOR THE YEARS FOR THE YEARS
ENDED DECEMBER 31, ENDED DECEMBER 31,
2018 2017 2018 2017
Unrealized gains on investments in
shareholders’ equity increase (decrease) (9,318) 7,005 (9,283) 6,905
Properties for sale increased from loans
payment/inactive assets 1,940 1,032 1,940 1,032
Unrealized increment per premises
appraisal transferred to retained earnings 943 944 939 940
Changes in non-cash items of debt issued and
borrowing
Gain on foreign exchange 867 10,962 867 10,962
Amortization on discount 240 215 240 215

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 Annual Report 2018 | Bangkok Bank Public Company Limited

6.2 Interbank and money market items, net (assets)

Interbank and money market items, net (assets) as at December 31, 2018 and 2017 consisted of the following :
Million Baht
CONSOLIDATED
2018 2017
Demand Time Total Demand Time Total
Domestic items
Bank of Thailand and
Financial Institutions
Development Fund 19,483 220,027 239,510 19,419 193,960 213,379
Commercial banks 3,021 7,285 10,306 2,356 21,355 23,711
Other financial institutions 1,079 19,408 20,487 2,883 20,617 23,500
Total 23,583 246,720 270,303 24,658 235,932 260,590
Add Accrued interest
receivables - 148 148 - 109 109
Less Allowance for
doubtful accounts (17) (1,360) (1,377) (33) (247) (280)
Total domestic items 23,566 245,508 269,074 24,625 235,794 260,419
152 Foreign items
USD 20,851 76,534 97,385 15,054 63,824 78,878
JPY 6,454 7,071 13,525 11,531 2,757 14,288
EUR 1,132 3,780 4,912 1,501 6,416 7,917
Others 11,243 54,983 66,226 15,015 61,305 76,320
Total 39,680 142,368 182,048 43,101 134,302 177,403
Add Accrued interest
receivables 2 265 267 3 501 504
Less Allowance for
doubtful accounts - (689) (689) - (588) (588)
Total foreign items 39,682 141,944 181,626 43,104 134,215 177,319
Total domestic and
foreign items 63,248 387,452 450,700 67,729 370,009 437,738

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 Bangkok Bank Public Company Limited | Annual Report 2018

Million Baht
THE BANK
2018 2017
Demand Time Total Demand Time Total
Domestic items
Bank of Thailand and
Financial Institutions
Development Fund 19,483 220,027 239,510 19,419 193,960 213,379
Commercial banks 6 3,300 3,306 1 13,440 13,441
Other financial institutions 1,079 19,408 20,487 2,883 20,617 23,500
Total 20,568 242,735 263,303 22,303 228,017 250,320
Add Accrued interest
receivables - 134 134 - 93 93
Less Allowance for
doubtful accounts (17) (1,360) (1,377) (34) (246) (280)
Total domestic items 20,551 241,509 262,060 22,269 227,864 250,133
Foreign items
USD 20,172 74,140 94,312 13,540 61,168 74,708
JPY 6,454 7,071 13,525 11,530 2,757 14,287
EUR 1,119 3,780 4,899 1,486 6,416 7,902
153
Others 5,307 24,212 29,519 9,124 29,382 38,506
Total 33,052 109,203 142,255 35,680 99,723 135,403
Add Accrued interest
receivables - 132 132 - 305 305
Less Allowance for
doubtful accounts - (69) (69) - (69) (69)
Total foreign items 33,052 109,266 142,318 35,680 99,959 135,639
Total domestic and
foreign items 53,603 350,775 404,378 57,949 327,823 385,772

6.3 Derivatives
The fair values and the notional amounts classified by type of risk as at December 31, 2018 and 2017 are as
follows :
Million Baht
CONSOLIDATED
2018 2017
Type of risk Fair Value/Readjustment Notional Fair Value/Readjustment Notional
Based on an Accrual Basis Amount Based on an Accrual Basis Amount
Assets Liabilities Assets Liabilities
Foreign exchange rate 20,522 11,924 1,403,260 19,948 10,205 1,138,145
Interest rate 8,126 10,114 961,569 7,409 10,431 806,972
Others 2 300 10,372 3 366 3,335
Total 28,650 22,338 2,375,201 27,360 21,002 1,948,452
 Annual Report 2018 | Bangkok Bank Public Company Limited

Million Baht
THE BANK
2018 2017
Type of risk Fair Value/Readjustment Notional Fair Value/Readjustment Notional
Based on an Accrual Basis Amount Based on an Accrual Basis Amount
Assets Liabilities Assets Liabilities
Foreign exchange rate 20,208 11,740 1,383,684 19,639 9,783 1,119,257
Interest rate 8,126 10,114 961,569 7,409 10,430 806,972
Total 28,334 21,854 2,345,253 27,048 20,213 1,926,229

The proportion of derivative transactions classified by type of counterparty based on the notional amounts
as at December 31, 2018 and 2017 are as follows :
Percentage
CONSOLIDATED THE BANK
2018 2017 2018 2017
Financial Institutions 76.42 79.01 76.87 79.23
Group companies - - - 0.01
External entities 23.58 20.99 23.13 20.76
Total 100.00 100.00 100.00 100.00

154 Derivative is a financial instrument whose value changes in response to the change in an underlying variable
such as interest rate, foreign exchange rate, index of prices or rates, or underlying asset price etc. Notional
amounts of derivatives reflect the extent of the Bank’s involvement in particular classes of derivatives but do
not reflect market risk and credit risk. The Bank’s derivatives are as follows :

Forward foreign exchange derivatives

- Forward foreign exchange contracts are contracts that effectively fix a future foreign exchange rate. The
contract provides that, at a predetermined future date, a cash delivery will be made between the parties at
a specified contract rate.

- Currency swaps are contracts which involve the exchange of principal and interest in two different
currencies with counterparty for a specified period.

Interest rate derivatives

Interest rate swaps are contracts which involve the exchange of interest with counterparties for a specified
period in the same currency of principal without the exchange of the underlying principal.
 Bangkok Bank Public Company Limited | Annual Report 2018

6.4 Investments, net

6.4.1 Investments as at December 31, 2018 and 2017 consisted of the following :
Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
Fair Value Fair Value Fair Value Fair Value
Trading securities
Government and state enterprise securities 4,950 8,949 4,950 8,949
Private enterprise debt securities 56 260 56 260
Foreign debt securities - 980 - 980
Domestic marketable equity securities 2,510 4,924 - -
Total 7,516 15,113 5,006 10,189

Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
Fair Value Fair Value Fair Value Fair Value
Available-for-sale securities
Government and state enterprise securities 293,834 298,464 293,834 298,464
155
Private enterprise debt securities 37,328 43,208 36,788 42,668
Foreign debt securities 82,707 95,617 73,352 86,005
Domestic marketable equity securities 60,160 69,604 60,160 69,569
Foreign marketable equity securities 11,531 7,537 11,531 7,537
Others 12,278 19,221 8,341 12,439
Total 497,838 533,651 484,006 516,682

Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
Cost/ Cost/ Cost/ Cost/
Amortized Cost Amortized Cost Amortized Cost Amortized Cost
Held-to-maturity debt securities
Government and state enterprise securities 15,757 8,417 2,046 2,051
Foreign debt securities 4,092 2,816 3,312 2,816
Total 19,849 11,233 5,358 4,867

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 Annual Report 2018 | Bangkok Bank Public Company Limited

Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
Cost Cost Cost Cost
General investments
Domestic non-marketable equity securities 6,878 6,640 6,729 6,631
Foreign non-marketable equity securities 32,941 30,632 32,830 30,625
Total 39,819 37,272 39,559 37,256
Less Allowance for impairment (8,234) (5,549) (8,234) (5,549)
Total 31,585 31,723 31,325 31,707

Total investments, net 556,788 591,720 525,695 563,445

Investments classified in accordance with the Notification of the BOT as at December 31, 2018 and 2017
are presented in Note 6.13.

As at December 31, 2018 and 2017, the Bank has investments in 32 companies with cost values of
Baht 256 million, which are companies whose prospects as a going concern are uncertain or are
unlisted companies but whose financial positions and operations would fall under the SET delisting
156 criteria, which the Bank had set aside allowance for impairment of these investments amounting to
Baht 256 million and these companies had net book value totaling Baht 0 million.

As at December 31, 2018 and 2017, the Bank has investments in 3 listed companies and 2 listed
companies that are under the SET delisting criteria, amounting to Baht 4 million, with the fair value
of Baht 0 million and Baht 2 million , which the Bank had set aside allowance for impairment of
these investments amounting to Baht 4 million and Baht 2 million.

On December 30, 2004, the Bank entered into a transaction to transfer certain investments classified
as available-for-sale securities received from debt restructuring to Sinnsuptawee Asset Management
Co., Ltd., a subsidiary of the Bank, at the closing price on December 28, 2004 quoted on The Stock
Exchange of Thailand in the amount of Baht 3,323 million. The proceeds from the aforementioned
transfer were recorded as other liabilities and the related securities were recorded as securities
transferred to subsidiary under available-for-sale securities in accordance with accounting treatment
guidance for Transfer and Transferred Financial Assets. As at December 31, 2018 and 2017,
the Bank had outstanding balances of other liabilities from such transaction amounting to Baht 372
million and Baht 720 million, respectively.

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 Bangkok Bank Public Company Limited | Annual Report 2018

6.4.2 As at December 31, 2018 and 2017, the Bank and subsidiaries had investments in other companies
of 10% and upwards of the paid-up capital of the respective companies but which are not considered
to be investments in subsidiaries and associates. The classification is as follows :
Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
Manufacturing and commercial 12 12 12 12
Real estate and construction 187 187 187 187
Utilities and services 41 41 41 41
Others 2,039 1,591 2,039 1,591
Total 2,279 1,831 2,279 1,831

6.5 Investments in subsidiaries and associates, net

As at December 31, 2018 and 2017, the Bank had investments in subsidiaries and associates, net as follows :
Million Baht
CONSOLIDATED
Company Type of Type of Shares Direct and Indirect Investment Investment
Business Shareholding (%) (Cost Method) (Equity Method) 157
2018 2017 2018 2017 2018 2017
Associates
BSL Leasing Co., Ltd. Finance Ordinary share 35.88 35.88 201 201 748 699
Processing Center Co., Ltd. Service Ordinary share 30.00 30.00 15 15 468 481
National ITMX Co., Ltd. Service Ordinary share 13.84 13.84 7 7 226 201
Thai Payment Network Co., Ltd. Service Ordinary share 69.08 49.99 362 162 166 79
Total 585 385 1,608 1,460
Less Allowance for impairment (2) (2) - -
Investments in associates, net 583 383 1,608 1,460

In September 2018, the Bank has purchased the issued 2,000,000 ordinary shares in Thai Payment Network
Co., Ltd. in the amount of Baht 200,000,000, resulting in an increase of the Bank's shareholding to be 69.08%.
However, the Bank continued to classify it as an investment in associate since the Bank has only the power to
participate in management but is not control. In addition, the Bank also intend to sell 1,000,000 shares in the
amount of Baht 100,000,000 of such additionally purchased back to the existing shareholders after its increase
in the investment is approved by the regulator, in order to maintain the existing shareholding at 49.99%.

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 Annual Report 2018 | Bangkok Bank Public Company Limited

Million Baht
THE BANK
Company Type of Business Type of Shares Direct and Indirect Investment
Shareholding (%) (Cost Method)
2018 2017 2018 2017
Subsidiaries
BBL (Cayman) Limited Finance Ordinary share 100.00 100.00 2 2
Bangkok Bank Berhad Banking Ordinary share 100.00 100.00 9,261 9,261
Sinnsuptawee Asset Management Co., Ltd. Asset Ordinary share 100.00 100.00 2,500 2,500
Management
Bangkok Bank (China) Co., Ltd. Banking Ordinary share 100.00 100.00 19,585 19,585
Bualuang Ventures Ltd. Venture Capital Ordinary share 100.00 100.00 500 500
Company
BBL Asset Management Co., Ltd. Finance Ordinary share 75.00 75.00 183 183
Bualuang Securities PCL. Securities Ordinary share 99.91 99.91 4,772 4,772
Associates
BSL Leasing Co., Ltd. Finance Ordinary share 35.88 35.88 201 201
Processing Center Co., Ltd. Service Ordinary share 30.00 30.00 15 15
National ITMX Co., Ltd. Service Ordinary share 13.84 13.84 7 7
Thai Payment Network Co., Ltd. Service Ordinary share 69.08 49.99 362 162
158 Total 37,388 37,188
Less Allowance for impairment (97) (97)
Investments in subsidiaries and associates, net 37,291 37,091

The aggregated financial information of associates that are not individually material is as follows :
Million Baht
FOR THE YEARS
ENDED DECEMBER 31,
2018 2017
Net profit 696 693
Total comprehensive income 696 693
 Bangkok Bank Public Company Limited | Annual Report 2018

6.6 Loans to customers and accrued interest receivables, net

6.6.1 Classified by product type as at December 31, 2018 and 2017 :

Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
Overdrafts 108,023 108,064 107,200 107,089
Loans 1,544,772 1,476,182 1,492,223 1,430,730
Bills 428,747 417,676 424,566 414,034
Others 2,161 2,574 2,160 2,573
Less Deferred revenue (543) (507) (500) (469)
Loans to customers after deferred
revenue, net 2,083,160 2,003,989 2,025,649 1,953,957
Add Accrued interest receivables 5,624 5,061 5,487 4,953
Loans to customers and accrued
interest receivables after
deferred revenue, net 2,088,784 2,009,050 2,031,136 1,958,910
Less Allowance for doubtful accounts
Minimum provision according to
the BOT’s requirement
159
- Individual approach (52,568) (62,387) (51,729) (61,166)
- Collective approach (6,052) (5,320) (6,052) (5,320)
Excess provision (88,968) (70,004) (86,545) (68,025)
Total (147,588) (137,711) (144,326) (134,511)
Less Revaluation allowance
for debt restructuring (5,415) (2,310) (5,415) (2,310)
Total loans to customers, net 1,935,781 1,869,029 1,881,395 1,822,089

6.6.2 As at December 31, 2018 and 2017, the Bank and subsidiaries had non-performing loans (NPLs),
defined according to the BOT’s Notification as loans classified as substandard, doubtful and doubtful
of loss including interbank and money market items but excluding accrued interest receivables,
as follows :
Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
NPLs before allowance for doubtful accounts 80,137 87,419 79,279 85,997
NPLs as percentage of total loans 3.42 3.88 3.48 3.92
Net NPLs after allowance for doubtful accounts 26,412 26,576 26,171 26,295
Net NPLs as percentage of net total loans 1.15 1.21 1.18 1.23

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 Annual Report 2018 | Bangkok Bank Public Company Limited

6.6.3 Classified by currency and customer’s residence as at December 31, 2018 and 2017 :
Million Baht
CONSOLIDATED
2018 2017
Domestic Foreign Total Domestic Foreign Total
BAHT 1,482,750 32,512 1,515,262 1,477,829 31,318 1,509,147
USD 67,763 248,330 316,093 89,872 212,927 302,799
Others 50,280 201,525 251,805 18,917 173,126 192,043
Total 1,600,793 482,367 2,083,160 1,586,618 417,371 2,003,989

Million Baht
THE BANK
2018 2017
Domestic Foreign Total Domestic Foreign Total
BAHT 1,483,271 32,512 1,515,783 1,477,662 31,318 1,508,980
USD 67,763 241,818 309,581 89,872 208,634 298,506
Others 50,280 150,005 200,285 18,917 127,554 146,471
Total 1,601,314 424,335 2,025,649 1,586,451 367,506 1,953,957
6.6.4 Classified by business type and in accordance with the Notification of the BOT as at December 31, 2018
and 2017 :
160
Million Baht
CONSOLIDATED
2018
Normal Special Substandard Doubtful Doubtful Total
Mentioned of Loss
Agriculture and mining 50,061 705 288 178 266 51,498
Manufacturing and commercial 743,379 21,312 1,932 12,626 40,232 819,481
Real estate and construction 188,864 6,410 1,032 1,422 4,872 202,600
Utilities and services 438,322 12,476 182 1,301 3,688 455,969
Housing loans 229,928 2,351 1,799 1,703 4,266 240,047
Others 306,353 2,862 183 3,654 513 313,565
Total 1,956,907 46,116 5,416 20,884 53,837 2,083,160

Million Baht
CONSOLIDATED
2017
Normal Special Substandard Doubtful Doubtful Total
Mentioned of Loss
Agriculture and mining 44,319 788 8 1,170 373 46,658
Manufacturing and commercial 734,283 20,337 8,668 13,332 42,718 819,338
Real estate and construction 178,159 5,334 780 905 5,998 191,176
Utilities and services 401,898 13,802 1,141 1,180 3,574 421,595
Housing loans 219,746 2,312 1,006 1,521 3,561 228,146
Others 292,647 2,945 123 904 457 297,076
Total 1,871,052 45,518 11,726 19,012 56,681 2,003,989

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 Bangkok Bank Public Company Limited | Annual Report 2018

Million Baht
THE BANK
2018
Normal Special Substandard Doubtful Doubtful Total
Mentioned of Loss
Agriculture and mining 47,808 705 288 178 266 49,245
Manufacturing and commercial 712,232 21,312 1,927 12,600 39,524 787,595
Real estate and construction 180,899 6,410 1,032 1,422 4,861 194,624
Utilities and services 429,337 12,474 182 1,301 3,688 446,982
Housing loans 229,919 2,350 1,797 1,702 4,257 240,025
Others 300,265 2,659 183 3,559 512 307,178
Total 1,900,460 45,910 5,409 20,762 53,108 2,025,649

Million Baht
THE BANK
2017
Normal Special Substandard Doubtful Doubtful Total
Mentioned of Loss
Agriculture and mining 42,454 788 8 1,170 373 44,793
Manufacturing and commercial 707,712 20,271 8,665 13,332 41,416 791,396
Real estate and construction 171,570 5,323 780 905 5,987 184,565
Utilities and services 396,924 13,802 1,141 1,180 3,574 416,621 161
Housing loans 219,735 2,310 1,006 1,521 3,551 228,123
Others 284,375 2,696 122 810 456 288,459
Total 1,822,770 45,190 11,722 18,918 55,357 1,953,957

6.6.5 As at December 31, 2018 and 2017, the Bank and subsidiaries had classified loans and allowance
for doubtful accounts in accordance with the Notification of the BOT as follows :
Million Baht
CONSOLIDATED
2018
Loans to Customers Net Outstanding used Rate used in Allowance for
and Accrued in Determining Determining Doubtful
Interest Receivables the Allowance for the Allowance Accounts
Doubtful Accounts for Doubtful Recorded
Accounts (%) by the Bank
Minimum provision according to the
BOT’s requirement
Normal 1,962,102 1,291,067 1 16,215
Special mentioned 46,501 22,387 2 591
Substandard 5,460 1,018 100 1,018
Doubtful 20,884 10,574 100 10,608
Doubtful of loss 53,837 30,188 100 30,188
Excess provision according to the BOT’s
requirement 88,968
Total 2,088,784 1,355,234 147,588
 Annual Report 2018 | Bangkok Bank Public Company Limited

Million Baht
CONSOLIDATED
2017
Loans to Customers Net Outstanding used Rate used in Allowance for
and Accrued in Determining Determining Doubtful
Interest Receivables the Allowance for the Allowance Accounts
Doubtful Accounts for Doubtful Recorded
Accounts (%) by the Bank
Minimum provision according to the
BOT’s requirement
Normal 1,875,782 1,229,095 1 14,983
Special mentioned 45,815 23,624 2 591
Substandard 11,760 5,274 100 5,275
Doubtful 19,012 10,378 100 10,387
Doubtful of loss 56,681 36,471 100 36,471
Excess provision according to the BOT’s
requirement 70,004
Total 2,009,050 1,304,842 137,711

Million Baht
THE BANK
162 2018
Loans to Customers Net Outstanding used Rate used in Allowance for
and Accrued in Determining Determining Doubtful
Interest Receivables the Allowance for the Allowance Accounts
Doubtful Accounts for Doubtful Recorded
Accounts (%) by the Bank
Minimum provision according to the
BOT’s requirement
Normal 1,905,518 1,247,164 1 15,798
Special mentioned 46,295 22,184 2 587
Substandard 5,453 1,018 100 1,018
Doubtful 20,762 10,480 100 10,513
Doubtful of loss 53,108 29,865 100 29,865
Excess provision according to the BOT’s
requirement 86,545
Total 2,031,136 1,310,711 144,326
 Bangkok Bank Public Company Limited | Annual Report 2018

Million Baht
THE BANK
2017
Loans to Customers Net Outstanding used Rate used in Allowance for
and Accrued in Determining Determining Doubtful
Interest Receivables the Allowance for the Allowance Accounts
Doubtful Accounts for Doubtful Recorded
Accounts (%) by the Bank
Minimum provision according to the
BOT’s requirement
Normal 1,827,393 1,196,832 1 14,688
Special mentioned 45,486 23,362 2 585
Substandard 11,756 5,271 100 5,272
Doubtful 18,918 10,283 100 10,293
Doubtful of loss 55,357 35,648 100 35,648
Excess provision according to the BOT’s
requirement 68,025
Total 1,958,910 1,271,396 134,511

As at December 31, 2018 and 2017, the consolidated and the Bank’s financial statements included
the allowance for doubtful accounts amounting to Baht 6,052 million and Baht 5,320 million,
163
respectively, on a collective approach, for loans classified as normal and special mentioned.

6.6.6 Troubled debt restructurings

Details of the restructured debts of the Bank for the years ended December 31, 2018 and 2017,
classified by the restructuring methods, are as follows :
Million Baht
THE BANK
FOR THE YEAR ENDED DECEMBER 31, 2018
Restructuring Method No. of Cases Outstanding Type of Fair Value
Debt before Transferred
Restructuring Assets
Asset transfer 10 278 Land, building, 278
equity securities
Debt restructuring in
various forms 6,213 53,490 - -
Total 6,223 53,768

The weighted average tenure of the above-mentioned restructuring is 6 years; and the total debt
outstanding after debt restructuring at the restructuring contract date is Baht 53,768 million.
 Annual Report 2018 | Bangkok Bank Public Company Limited

Million Baht
THE BANK
FOR THE YEAR ENDED DECEMBER 31, 2017
Restructuring Method No. of Cases Outstanding Type of Fair Value
Debt before Transferred
Restructuring Assets
Asset transfer 13 240 Land, building 240
Debt restructuring in
various forms 6,328 37,489 - -
Total 6,341 37,729

The weighted average tenure of the above-mentioned restructuring is 4 years; and the total debt
outstanding after debt restructuring at the restructuring contract date is Baht 37,729 million.

For the years ended December 31, 2018 and 2017, the Bank recognized interest income from
restructured debts amounting to Baht 3,075 million and Baht 2,990 million, respectively.

As at December 31, 2018 and 2017, the Bank had outstanding balances of loans to restructured
debtors amounting to Baht 92,337 million and Baht 76,698 million, respectively.
164 Disclosures for the consolidated financial statements for troubled debt restructurings which occurred
during the years ended December 31, 2018 and 2017 have not been provided, as such information is
not significantly different from the above disclosures for the Bank’s financial statements.

6.7 Allowance for doubtful accounts

Allowance for doubtful accounts consisted of the following as at December 31, 2018 and 2017 :
Million Baht
CONSOLIDATED
2018
Normal Special Substandard Doubtful Doubtful Allowance for Total
Mentioned of Loss Doubtful
Accounts
in Excess of
the BOT’s
Requirement
Beginning balances 14,983 591 5,275 10,387 36,471 70,004 137,711
Doubtful accounts 1,232 - (4,257) 221 354 19,567 17,117
Bad debt recovered - - - - 1,121 - 1,121
Bad debt written off - - - - (7,758) - (7,758)
Others - - - - - (603) (603)
Ending balances 16,215 591 1,018 10,608 30,188 88,968 147,588
 Bangkok Bank Public Company Limited | Annual Report 2018

Million Baht
CONSOLIDATED
2017
Normal Special Substandard Doubtful Doubtful Allowance for Total
Mentioned of Loss Doubtful
Accounts
in Excess of
the BOT’s
Requirement
Beginning balances 14,502 548 2,589 10,140 27,815 61,214 116,808
Doubtful accounts 481 43 2,686 247 8,539 10,375 22,371
Bad debt recovered - - - - 1,273 - 1,273
Bad debt written off - - - - (1,156) - (1,156)
Others - - - - - (1,585) (1,585)
Ending balances 14,983 591 5,275 10,387 36,471 70,004 137,711

Million Baht
THE BANK
2018
Normal Special Substandard Doubtful Doubtful Allowance for Total
Mentioned of Loss Doubtful
Accounts 165
in Excess of
the BOT’s
Requirement
Beginning balances 14,688 585 5,272 10,293 35,648 68,025 134,511
Doubtful accounts 1,110 2 (4,254) 220 376 18,986 16,440
Bad debt recovered - - - - 1,102 - 1,102
Bad debt written off - - - - (7,261) - (7,261)
Others - - - - - (466) (466)
Ending balances 15,798 587 1,018 10,513 29,865 86,545 144,326

Million Baht
THE BANK
2017
Normal Special Substandard Doubtful Doubtful Allowance for Total
Mentioned of Loss Doubtful
Accounts
in Excess of
the BOT’s
Requirement
Beginning balances 14,246 510 2,588 10,045 27,341 58,638 113,368
Doubtful accounts 442 75 2,684 248 8,068 10,916 22,433
Bad debt recovered - - - - 1,273 - 1,273
Bad debt written off - - - - (1,034) - (1,034)
Others - - - - - (1,529) (1,529)
Ending balances 14,688 585 5,272 10,293 35,648 68,025 134,511
 Annual Report 2018 | Bangkok Bank Public Company Limited

As at December 31, 2018 and 2017, the Bank and subsidiaries had the allowance for doubtful accounts in the
consolidated financial statements of Baht 147,588 million and Baht 137,711 million, and in the Bank’s financial
statements of Baht 144,326 million and Baht 134,511 million, respectively.

As at December 31, 2018 and 2017, the Bank and subsidiaries recorded allowances for doubtful accounts in
excess of the allowances as per the BOT’s requirement in the consolidated financial statements of Baht
88,968 million and Baht 70,004 million, and in the Bank’s financial statements of Baht 86,545 million and Baht
68,025 million, respectively (See Note 3.7).

6.8 Revaluation allowance for debt restructuring

Revaluation allowance for debt restructuring as at December 31, 2018 and 2017 are as follows :
Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
Beginning balances 2,310 2,710 2,310 2,710
Increase during the years 3,614 179 3,614 179
Write off/decrease during the years (509) (579) (509) (579)
166 Ending balances 5,415 2,310 5,415 2,310

6.9 Properties for sale, net

Properties for sale consisted of the following as at December 31, 2018 and 2017 :
Million Baht
CONSOLIDATED
2018
Type of Properties for Sale Beginning Additions Disposals Ending
Balance Balance
Assets from debt repayment
Immovable assets 16,859 1,988 (2,017) 16,830
Movable assets 134 24 - 158
Total 16,993 2,012 (2,017) 16,988
Others 65 - (12) 53
Total properties for sale 17,058 2,012 (2,029) 17,041
Less Allowance for impairment (5,643) (1,058) 264 (6,437)
Total properties for sale, net 11,415 954 (1,765) 10,604

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 Bangkok Bank Public Company Limited | Annual Report 2018

Million Baht
CONSOLIDATED
2017
Type of Properties for Sale Beginning Additions Disposals Ending
Balance Balance
Assets from debt repayment
Immovable assets 18,482 1,130 (2,753) 16,859
Movable assets 218 - (84) 134
Total 18,700 1,130 (2,837) 16,993
Others 65 - - 65
Total properties for sale 18,765 1,130 (2,837) 17,058
Less Allowance for impairment (6,503) (10) 870 (5,643)
Total properties for sale, net 12,262 1,120 (1,967) 11,415

As at December 31, 2018, the Bank and subsidiaries had immovable assets from debt repayment in the amount of
Baht 16,830 million consisting of immovable assets which were appraised by external appraisers in the amount of
Baht 12,102 million and appraised by internal appraisers in the amount of Baht 4,728 million.

As at December 31, 2017, the Bank and subsidiaries had immovable assets from debt repayment in the amount of
Baht 16,859 million consisting of immovable assets which were appraised by external appraisers in the amount of 167
Baht 12,278 million and appraised by internal appraisers in the amount of Baht 4,581 million.
Million Baht
THE BANK
2018
Type of Properties for Sale Beginning Additions Disposals Ending
Balance Balance
Assets from debt repayment
Immovable assets 12,416 1,988 (1,531) 12,873
Movable assets 134 24 - 158
Total 12,550 2,012 (1,531) 13,031
Others 65 - (12) 53
Total properties for sale 12,615 2,012 (1,543) 13,084
Less Allowance for impairment (4,085) (429) 173 (4,341)
Total properties for sale, net 8,530 1,583 (1,370) 8,743
 Annual Report 2018 | Bangkok Bank Public Company Limited

Million Baht
THE BANK
2017
Type of Properties for Sale Beginning Additions Disposals Ending
Balance Balance
Assets from debt repayment
Immovable assets 13,054 1,095 (1,733) 12,416
Movable assets 218 - (84) 134
Total 13,272 1,095 (1,817) 12,550
Others 65 - - 65
Total properties for sale 13,337 1,095 (1,817) 12,615
Less Allowance for impairment (4,561) (5) 481 (4,085)
Total properties for sale, net 8,776 1,090 (1,336) 8,530
As at December 31, 2018, the Bank had immovable assets from debt repayment in the amount of Baht 12,873 million
consisting of immovable assets which were appraised by external appraisers in the amount of Baht 8,994 million
and appraised by internal appraisers in the amount of Baht 3,879 million.
As at December 31, 2017, the Bank had immovable assets from debt repayment in the amount of Baht 12,416 million
consisting of immovable assets which were appraised by external appraisers in the amount of Baht 8,733 million
168 and appraised by internal appraisers in the amount of Baht 3,683 million.
Classified properties for sale in accordance with the Notification of the BOT as at December 31, 2018 and 2017
are presented in Note 6.13
The Bank had disclosed transactions according to the BOT’s Notification regarding the Accounting Rules for
Financial Institutions in relations to the Sale of Properties for Sale, dated December 4, 2015. The transactions
of the Bank and subsidiaries are as follows :
Million Baht
CONSOLIDATED
FOR THE YEARS ENDED DECEMBER 31,
2018 2017
Type of Sale of Income Deferred Profit on Sale Loss on Sale Deferred Profit on Sale Loss on Sale
Properties Recognition Profit on Sale of Properties of Properties Profit on Sale of Properties of Properties
for Sale Method of Properties for Sale for Sale of Properties for Sale for Sale
for Sale for Sale
Sale to public Per Installment 11 1 - 5 1 -
Sale to public Per cost recovery - 1,074 (23) - 1,192 (20)
Million Baht
THE BANK
FOR THE YEARS ENDED DECEMBER 31,
2018 2017
Type of Sale of Income Deferred Profit on Sale Loss on Sale Deferred Profit on Sale Loss on Sale
Properties Recognition Profit on Sale of Properties of Properties Profit on Sale of Properties of Properties
for Sale Method of Properties for Sale for Sale of Properties for Sale for Sale
for Sale for Sale
Sale to public Per Installment 11 1 - 5 1 -
Sale to public Per cost recovery - 784 (22) - 592 (7)
 Bangkok Bank Public Company Limited | Annual Report 2018

6.10 Premises and equipment, net

Premises and equipment consisted of the following as at December 31, 2018 and 2017 :
Million Baht
CONSOLIDATED
2018
Cost Accumulated Depreciation
Beginning Additions/ Disposal/ Others Ending Beginning Depre- Disposal/ Others Ending Premises
Balance Transfer Transfer Balance Balance ciation Transfer Balance and
Equipment
(Net)
Land
Cost 7,640 - - (28) 7,612 - - - - - 7,612
Appraisal increase (year 2015) 20,919 - - (96) 20,823 - - - - - 20,823
Appraisal decrease (year 2015) (705) - - 1 (704) - - - - - (704)
Premises
Cost 3,553 25 (9) (50) 3,519 544 196 (9) (4) 727 2,792
Appraisal increase (year 2015) 12,376 - - (38) 12,338 3,054 1,179 - (5) 4,228 8,110
Appraisal decrease (year 2015) (216) - - (1) (217) (34) (14) - - (48) (169)
Equipment 21,852 1,296 (611) (34) 22,503 18,315 1,366 (605) (30) 19,046 3,457
Others 294 625 (273) - 646 - - - - - 646 169
Total 65,713 1,946 (893) (246) 66,520 21,879 2,727 (614) (39) 23,953 42,567

Million Baht
CONSOLIDATED
2017
Cost Accumulated Depreciation
Beginning Additions/ Disposal/ Others Ending Beginning Depre- Disposal/ Others Ending Premises
Balance Transfer Transfer Balance Balance ciation Transfer Balance and
Equipment
(Net)
Land
Cost 7,683 30 - (73) 7,640 - - - - - 7,640
Appraisal increase (year 2015) 20,961 - - (42) 20,919 - - - - - 20,919
Appraisal decrease (year 2015) (729) - - 24 (705) - - - - - (705)
Premises
Cost 3,331 246 - (24) 3,553 345 203 - (4) 544 3,009
Appraisal increase (year 2015) 12,392 - - (16) 12,376 1,875 1,180 - (1) 3,054 9,322
Appraisal decrease (year 2015) (227) - - 11 (216) (22) (14) - 2 (34) (182)
Equipment 21,458 1,622 (1,157) (71) 21,852 18,150 1,379 (1,153) (61) 18,315 3,537
Others 710 340 (754) (2) 294 - - - - - 294
Total 65,579 2,238 (1,911) (193) 65,713 20,348 2,748 (1,153) (64) 21,879 43,834

The Bank has the land and premises appraised. The appraisal value defined by independent appraisers is
categorized as Level 3 in the fair value hierarchy. (Determination of level of the fair value hierarchy are shown
in Note 4.2.)

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 Annual Report 2018 | Bangkok Bank Public Company Limited

As at December 31, 2018 and 2017, the Bank and subsidiaries had equipment which are fully depreciated but
still in use at the original costs amounting to Baht 15,903 million and Baht 15,073 million, respectively.
Million Baht
THE BANK
2018
Cost Accumulated Depreciation
Beginning Additions/ Disposal/ Others Ending Beginning Depre- Disposal/ Others Ending Premises
Balance Transfer Transfer Balance Balance ciation Transfer Balance and
Equipment
(Net)
Land
Cost 7,635 - - (28) 7,607 - - - - - 7,607
Appraisal increase (year 2015) 20,861 - - (95) 20,766 - - - - - 20,766
Appraisal decrease (year 2015) (705) - - 1 (704) - - - - - (704)
Premises
Cost 2,401 25 (9) (13) 2,404 458 165 (8) (1) 614 1,790
Appraisal increase (year 2015) 12,328 - - (37) 12,291 3,042 1,174 - (5) 4,211 8,080
Appraisal decrease (year 2015) (216) - - (1) (217) (34) (14) - - (48) (169)
Equipment 20,789 1,206 (588) (16) 21,391 17,536 1,267 (584) (14) 18,205 3,186
Others 278 593 (247) - 624 - - - - - 624
170
Total 63,371 1,824 (844) (189) 64,162 21,002 2,592 (592) (20) 22,982 41,180

Million Baht
THE BANK
2017
Cost Accumulated Depreciation
Beginning Additions/ Disposal/ Others Ending Beginning Depre- Disposal/ Others Ending Premises
Balance Transfer Transfer Balance Balance ciation Transfer Balance and
Equipment
(Net)
Land
Cost 7,678 30 - (73) 7,635 - - - - - 7,635
Appraisal increase (year 2015) 20,903 - - (42) 20,861 - - - - - 20,861
Appraisal decrease (year 2015) (729) - - 24 (705) - - - - - (705)
Premises
Cost 2,299 138 - (36) 2,401 292 171 - (5) 458 1,943
Appraisal increase (year 2015) 12,344 - - (16) 12,328 1,868 1,175 - (1) 3,042 9,286
Appraisal decrease (year 2015) (227) - - 11 (216) (22) (14) - 2 (34) (182)
Equipment 20,498 1,493 (1,134) (68) 20,789 17,443 1,282 (1,132) (57) 17,536 3,253
Others 582 308 (612) - 278 - - - - - 278
Total 63,348 1,969 (1,746) (200) 63,371 19,581 2,614 (1,132) (61) 21,002 42,369
The Bank has the land and premises appraised. The appraisal value defined by independent appraisers is
categorized as Level 3 in the fair value hierarchy. (Determination of level of the fair value hierarchy are shown
in Note 4.2.)

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 Bangkok Bank Public Company Limited | Annual Report 2018

As at December 31, 2018 and 2017, the Bank had equipment which is fully depreciated but still in use at the
original costs amounting to Baht 15,304 million, and Baht 14,544 million, respectively.
6.11 Other intangible assets, net
Other intangible assets consisted of the following as at December 31, 2018 and 2017 :
Million Baht
CONSOLIDATED
2018
Cost Accumulated Amortization
Beginning Additions/ Disposal/ Others Ending Beginning Amorti- Disposal/ Others Ending Other
Balance Transfer Transfer Balance Balance zation Transfer Balance Intangible
Assets
(Net)
Software 2,644 176 (83) (9) 2,728 1,959 323 (44) (9) 2,229 499
Others 347 277 (43) - 581 - - - - - 581
Total 2,991 453 (126) (9) 3,309 1,959 323 (44) (9) 2,229 1,080
Million Baht
CONSOLIDATED
2017
Cost Accumulated Amortization
Beginning Additions/ Disposal/ Others Ending Beginning Amorti- Disposal/ Others Ending Other
Balance Transfer Transfer Balance Balance zation Transfer Balance Intangible
Assets 171
(Net)
Software 2,310 371 (31) (6) 2,644 1,620 337 7 (5) 1,959 685
Others 139 211 (3) - 347 - - - - - 347
Total 2,449 582 (34) (6) 2,991 1,620 337 7 (5) 1,959 1,032
Million Baht
THE BANK
2018
Cost Accumulated Amortization
Beginning Additions/ Disposal/ Others Ending Beginning Amorti- Disposal/ Others Ending Other
Balance Transfer Transfer Balance Balance zation Transfer Balance Intangible
Assets
(Net)
Software 2,340 109 (40) (2) 2,407 1,734 304 (40) (1) 1,997 410
Others 346 277 (42) - 581 - - - - - 581
Total 2,686 386 (82) (2) 2,988 1,734 304 (40) (1) 1,997 991
Million Baht
THE BANK
2017
Cost Accumulated Amortization
Beginning Additions/ Disposal/ Others Ending Beginning Amorti- Disposal/ Others Ending Other
Balance Transfer Transfer Balance Balance zation Transfer Balance Intangible
Assets
(Net)
Software 2,047 318 (22) (3) 2,340 1,411 320 7 (4) 1,734 606
Others 138 211 (3) - 346 - - - - - 346
Total 2,185 529 (25) (3) 2,686 1,411 320 7 (4) 1,734 952

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 Annual Report 2018 | Bangkok Bank Public Company Limited

6.12 Deferred tax assets and liabilities

Deferred tax assets and liabilities as at December 31, 2018 and 2017 are as follows :
Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
Deferred tax assets 4,091 3,676 2,948 2,686
Deferred tax liabilities 1,399 5,742 1,187 5,527
Deferred tax assets (liabilities), net 2,692 (2,066) 1,761 (2,841)

Movements in total deferred tax assets and liabilities during the years are as follows :
Million Baht
CONSOLIDATED
2018
Beginning Balance Recognized in Recognized in Others Ending Balance
Profit and Loss Other
Comprehensive
Income
Deferred tax assets
Investments 2,716 386 356 - 3,458
172 Loans to customers and
accrued interest receivables 7,955 1,498 - (155) 9,298
Properties for sale 1,129 159 - - 1,288
Premises and equipment 222 (6) - 25 241
Provisions 2,761 681 (75) (4) 3,363
Others 3,642 1 - (4) 3,639
Total 18,425 2,719 281 (138) 21,287

Deferred tax liabilities

Investments 10,631 2 (2,043) - 8,590
Loans to customers and
accrued interest receivables - 132 - - 132
Properties for sale 2 (2) - - -
Premises and equipment 6,116 (229) - (1) 5,886
Others 3,742 245 - - 3,987
Total 20,491 148 (2,043) (1) 18,595

Net (2,066) 2,571 2,324 (137) 2,692

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 Bangkok Bank Public Company Limited | Annual Report 2018

Million Baht
CONSOLIDATED
2017
Beginning Balance Recognized in Recognized in Others Ending Balance
Profit and Loss Other
Comprehensive
Income
Deferred tax assets
Investments 2,347 260 109 - 2,716
Loans to customers and
accrued interest receivables 5,157 3,040 - (242) 7,955
Properties for sale 1,301 (172) - - 1,129
Premises and equipment 222 (3) - 3 222
Provisions 2,658 56 50 (3) 2,761
Others 4,271 (621) - (8) 3,642
Total 15,956 2,560 159 (250) 18,425

Deferred tax liabilities

Investments 8,682 (9) 1,958 - 10,631
Properties for sale 2 - - - 2
Premises and equipment 6,336 (221) - 1 6,116 173
Others 3,290 452 - - 3,742
Total 18,310 222 1,958 1 20,491

Net (2,354) 2,338 (1,799) (251) (2,066)

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 Annual Report 2018 | Bangkok Bank Public Company Limited

Million Baht
THE BANK
2018
Beginning Balance Recognized in Recognized in Others Ending Balance
Profit and Loss Other
Comprehensive
Income
Deferred tax assets
Investments 2,701 386 364 - 3,451
Loans to customers and
accrued interest receivables 7,334 1,352 - (117) 8,569
Properties for sale 817 51 - - 868
Premises and equipment 222 (6) - 25 241
Provisions 2,725 676 (76) (4) 3,321
Others 3,557 56 - (1) 3,612
Total 17,356 2,515 288 (97) 20,062

Deferred tax liabilities

Investments 10,363 (1) (2,029) - 8,333
Loans to customers and
174 accrued interest receivables - 132 - - 132
Properties for sale 2 (2) - - -
Premises and equipment 6,093 (228) - - 5,865
Others 3,739 232 - - 3,971
Total 20,197 133 (2,029) - 18,301

Net (2,841) 2,382 2,317 (97) 1,761

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 Bangkok Bank Public Company Limited | Annual Report 2018

Million Baht
THE BANK
2017
Beginning Balance Recognized in Recognized in Others Ending Balance
Profit and Loss Other
Comprehensive
Income
Deferred tax assets
Investments 2,329 260 112 - 2,701
Loans to customers and
accrued interest receivables 4,600 2,963 - (229) 7,334
Properties for sale 912 (95) - - 817
Premises and equipment 221 (2) - 3 222
Provisions 2,626 51 51 (3) 2,725
Others 4,232 (668) - (7) 3,557
Total 14,920 2,509 163 (236) 17,356

Deferred tax liabilities

Investments 8,429 - 1,934 - 10,363
Properties for sale 2 - - - 2
Premises and equipment 6,316 (223) - - 6,093 175
Others 3,286 453 - - 3,739
Total 18,033 230 1,934 - 20,197

Net (3,113) 2,279 (1,771) (236) (2,841)

6.13 Classified assets in accordance with the Notification of the BOT

As at December 31, 2018 and 2017, classified assets in accordance with the Notification of the BOT are as
follows :
Million Baht
CONSOLIDATED
2018
Loans to Customers Investments Properties Other Assets Total
and Accrued Interest for Sale
Receivables
Normal 1,962,102 - - - 1,962,102
Special mentioned 46,501 - - - 46,501
Substandard 5,460 - - - 5,460
Doubtful 20,884 - - - 20,884
Doubtful of loss 53,837 13,811 1,885 1,277 70,810
Total 2,088,784 13,811 1,885 1,277 2,105,757

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 Annual Report 2018 | Bangkok Bank Public Company Limited

Million Baht
CONSOLIDATED
2017
Loans to Customers Investments Properties Other Assets Total
and Accrued Interest for Sale
Receivables
Normal 1,875,782 - - - 1,875,782
Special mentioned 45,815 - - - 45,815
Substandard 11,760 - - - 11,760
Doubtful 19,012 - - - 19,012
Doubtful of loss 56,681 8,095 1,168 1,188 67,132
Total 2,009,050 8,095 1,168 1,188 2,019,501

Million Baht
THE BANK
2018
Loans to Customers Investments Properties Other Assets Total
and Accrued Interest for Sale
Receivables
Normal 1,905,518 - - - 1,905,518
Special mentioned 46,295 - - - 46,295
176 Substandard 5,453 - - - 5,453
Doubtful 20,762 - - - 20,762
Doubtful of loss 53,108 13,733 389 1,275 68,505
Total 2,031,136 13,733 389 1,275 2,046,533

Million Baht
THE BANK
2017
Loans to Customers Investments Properties Other Assets Total
and Accrued Interest for Sale
Receivables
Normal 1,827,393 - - - 1,827,393
Special mentioned 45,486 - - - 45,486
Substandard 11,756 - - - 11,756
Doubtful 18,918 - - - 18,918
Doubtful of loss 55,357 8,107 360 1,183 65,007
Total 1,958,910 8,107 360 1,183 1,968,560
 Bangkok Bank Public Company Limited | Annual Report 2018

6.14 Deposits

6.14.1 Classified by product type as at December 31, 2018 and 2017 :

Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
Demand 101,557 106,184 100,188 104,988
Savings 1,117,522 1,065,928 1,105,667 1,055,419
Fixed 1,104,812 1,136,195 1,054,837 1,090,384
Negotiable certificates of deposit 2,579 2,436 1,798 1,630
Total 2,326,470 2,310,743 2,262,490 2,252,421

6.14.2 Classified by currency and customer’s residence as at December 31, 2018 and 2017 :
Million Baht
CONSOLIDATED
2018 2017
Domestic Foreign Total Domestic Foreign Total
BAHT 1,952,933 124,747 2,077,680 2,044,912 12,505 2,057,417
USD 34,827 57,452 92,279 37,313 62,376 99,689
Others 21,839 134,672 156,511 20,229 133,408 153,637 177
Total 2,009,599 316,871 2,326,470 2,102,454 208,289 2,310,743

Million Baht
THE BANK
2018 2017
Domestic Foreign Total Domestic Foreign Total
BAHT 1,953,231 124,733 2,077,964 2,045,393 12,487 2,057,880
USD 34,796 57,069 91,865 37,277 60,867 98,144
Others 13,587 79,074 92,661 12,955 83,442 96,397
Total 2,001,614 260,876 2,262,490 2,095,625 156,796 2,252,421

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 Annual Report 2018 | Bangkok Bank Public Company Limited

6.15 Interbank and money market items (liabilities)

Interbank and money market items (liabilities) consisted of the following as at December 31, 2018 and 2017 :
Million Baht
CONSOLIDATED
2018 2017
Demand Time Total Demand Time Total
Domestic items
Bank of Thailand and
Financial Institutions
Development Fund 657 - 657 442 511 953
Commercial banks 1,091 25,950 27,041 915 18,973 19,888
Special purpose financial
institutions 105 21,200 21,305 160 27,212 27,372
Other financial institutions 12,377 659 13,036 10,472 962 11,434
Total domestic items 14,230 47,809 62,039 11,989 47,658 59,647
Foreign items
USD 2,257 30,884 33,141 1,747 37,260 39,007
JPY 2 7,005 7,007 438 6,462 6,900
EUR 204 3,141 3,345 792 937 1,729
Others 7,535 23,795 31,330 8,609 17,692 26,301
178 Total foreign items 9,998 64,825 74,823 11,586 62,351 73,937
Total domestic and
foreign items 24,228 112,634 136,862 23,575 110,009 133,584

Million Baht
THE BANK
2018 2017
Demand Time Total Demand Time Total
Domestic items
Bank of Thailand and
Financial Institutions
Development Fund 657 - 657 442 511 953
Commercial banks 1,091 25,950 27,041 915 18,973 19,888
Special purpose financial
institutions 105 21,200 21,305 160 27,212 27,372
Other financial institutions 12,707 689 13,396 10,992 992 11,984
Total domestic items 14,560 47,839 62,399 12,509 47,688 60,197
Foreign items
USD 2,294 29,723 32,017 1,826 36,178 38,004
JPY 31 7,005 7,036 469 6,462 6,931
EUR 270 3,141 3,411 849 937 1,786
Others 7,588 15,943 23,531 8,687 11,608 20,295
Total foreign items 10,183 55,812 65,995 11,831 55,185 67,016
Total domestic and
foreign items 24,743 103,651 128,394 24,340 102,873 127,213

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 Bangkok Bank Public Company Limited | Annual Report 2018

6.16 Debt issued and borrowings

6.16.1 Classified by type of instruments and source of fund as at December 31, 2018 and 2017 :
Million Baht
CONSOLIDATED
2018 2017
Domestic Foreign Total Domestic Foreign Total
Senior unsecured notes - 107,027 107,027 - 98,003 98,003
Unsecured subordinated notes - 14,587 14,587 - 14,692 14,692
Bills of exchange 23 - 23 26 - 26
Others 456 - 456 384 - 384
Less Discount on borrowings - (5,745) (5,745) - (5,915) (5,915)
Total 479 115,869 116,348 410 106,780 107,190

Million Baht
THE BANK
2018 2017
Domestic Foreign Total Domestic Foreign Total
Senior unsecured notes - 107,027 107,027 - 98,003 98,003
Unsecured subordinated notes - 14,587 14,587 - 14,692 14,692
Bills of exchange 23 - 23 26 - 26
179
Others 329 - 329 158 - 158
Less Discount on borrowings - (5,745) (5,745) - (5,915) (5,915)
Total 352 115,869 116,221 184 106,780 106,964

6.16.2 Classified by type of instruments, currency, maturity and interest rate as at December 31, 2018 and 2017 :
Million Baht
CONSOLIDATED
Type Currency Maturity Interest Rate Amount
2018 2017
Senior unsecured notes USD 2018 - 2028 2.75% - 5.00% 107,027 98,003
Unsecured subordinated notes USD 2029 9.025% 14,587 14,692
Bills of exchange THB 2019 1.00% 23 26
Others THB 2018 - 2023 0.00% 456 384
Less Discount on borrowings (5,745) (5,915)
Total 116,348 107,190

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 Annual Report 2018 | Bangkok Bank Public Company Limited

Million Baht
THE BANK
Type Currency Maturity Interest Rate Amount
2018 2017
Senior unsecured notes USD 2018 - 2028 2.75% - 5.00% 107,027 98,003
Unsecured subordinated notes USD 2029 9.025% 14,587 14,692
Bills of exchange THB 2019 1.00% 23 26
Others THB 2019 - 2023 0.00% 329 158
Less Discount on borrowings (5,745) (5,915)
Total 116,221 106,964

6.17 Unsecured subordinated notes

On January 28, 1999, the Bank issued and offered USD 450 million of unsecured subordinated notes with a
maturity of 30 years, to be due in 2029, at a coupon rate of 9.025% p.a. for sale to foreign investors in
exchange for the Bank’s existing USD 150 million of unsecured subordinated notes to be due in 2016 at a
coupon rate of 8.25% p.a. and USD 300 million of unsecured subordinated notes to be due in 2027 at a
coupon rate of 8.375% p.a., which were redeemed before their maturities and already obtained the approval
from the BOT. As this transaction was a redemption of the existing notes at their market values, which were
180 lower than the par values, the Bank recorded the book value of the unsecured subordinated notes to be due
in 2029 at the amount of USD 259 million (Baht 9,535 million). The difference between the book value and the
redemption value of the notes will be amortized on a monthly basis throughout the life of the notes.
On December 7, 2012, the Bank issued and offered Baht 20,000 million of unsecured subordinated notes with
a maturity of 10 years, to be due in 2022 with the issuer’s early redemption right, at a coupon rate of 4.375% p.a.
for sale to general investors, high net worth investors and institutional investors according to the resolution
of the 14th Annual Ordinary Meeting of Shareholders convened on April 12, 2007. On December 7, 2017, the
Bank redeemed all unsecured subordinated notes of Baht 20,000 million of with a maturity of 10 years, at a
coupon rate of 4.375% p.a. before their maturity, which has been approved by the BOT.
6.18 Bonds
On April 12, 2005, the shareholders reconsidered the resolutions of the shareholders’ meeting, convened on
April 9, 2004, approving to issue bonds of the Bank and passed a resolution for the Bank to issue and offer
subordinated bonds and/or unsubordinated bonds and/or perpetual bonds, both subordinated and
unsubordinated, and/or subordinated convertible bonds and/or convertible bonds (together the “Bonds”) in
an amount not exceeding USD 3,000 million or its equivalent in other currencies, offered and sold in foreign
markets and/or domestic markets to general public and/or institutional investors or investors with specific
characteristics defined in the Notification of the Securities and Exchange Commission. The Bank may issue
different types of Bonds in one issue simultaneously or in several issues at different times. The non-perpetual
bonds shall have a maturity of not exceeding 100 years. The subordinated convertible bonds and/or
 Bangkok Bank Public Company Limited | Annual Report 2018

convertible bonds shall have a maturity of not exceeding 30 years, and the amount of not exceeding
USD 1,000 million or its equivalent in other currencies. The Board of Directors or the Executive Board of
Directors shall be empowered to consider terms and conditions and other details for the issue and offering of
the bonds. The shareholders also approved the allocation of 500 million ordinary shares to accommodate the
conversion right of the subordinated convertible bonds and/or convertible bonds (See Note 6.23).

On November 17, 2006, the Bank obtained approval from the Office of the Securities and Exchange
Commission (SEC) to issue and offer for sale short-term bonds in an amount not exceeding Baht 30,000
million with no limit on the number of issues. The Bank issued 5 series of short-term bonds totaling Baht 7,863
million which were gradually redeemed up to the full amount as at September 2007.

On April 12, 2007, the shareholders passed a resolution for the issuance of bonds, whether subordinated or
unsubordinated and/or secured or unsecured, including but not limited to short-term bonds, derivative bonds
and non-cumulative hybrid debt instruments with non-payment of interest in the years where the Bank does
not report any profit (together the “Bonds”) in the amount not exceeding Baht 150,000 million or its equivalent
in other currencies to be offered for sale in domestic markets and/or in foreign markets to the general public,
and/or institutional investors or investors with specific characteristics as defined in the Notification of the 181
Securities and Exchange Commission. At any point in time, the Bank may offer for sale Bonds in an amount
within such limit less the amount of Bonds already issued under such limit but not yet redeemed at that point
in time. The Bank may issue and offer for sale different types of Bonds simultaneously in one issue at the same
time or in several issues at different times and/or as a program and/or on a revolving basis and may issue and
offer for sale Bonds in conjunction with or at the same time with other securities, provided that the Bonds,
other than perpetual bonds, shall have a maturity of not exceeding 100 years. The Bank may be granted the
right to redeem the Bonds prior to their maturities, and/or the bondholders may be granted the right to call the
Bank to redeem the Bonds prior to their maturities, in accordance with the condition of the Bonds. The Board
of Directors or the Board of Executive Directors shall be empowered to consider terms and conditions and
other details for the issue and offering of the bonds.

On October 18, 2010, the Bank issued and offered 2 series of senior unsecured notes for sale to foreign
investors according to the resolution of the 12 th Annual Ordinary Meeting of Shareholders convened on
April 12, 2005 consisting of senior unsecured notes with a maturity of 5 years at a coupon of 3.25% p.a.,
amounting to USD 400 million and senior unsecured notes with a maturity of 10 years at a coupon of 4.80% p.a.,
amounting to USD 800 million. The Bank received net proceeds from the sale of senior unsecured notes
amounting to USD 1,196 million. On October 19, 2015, the Bank redeemed senior unsecured notes with a
maturity of 5 years at a coupon of 3.25% p.a., amounting to USD 400 million.

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 Annual Report 2018 | Bangkok Bank Public Company Limited

On September 27, 2012, the Bank issued and offered 2 series of senior unsecured notes for sale to foreign
investors according to the resolution of the 12 th Annual Ordinary Meeting of Shareholders convened on
April 12, 2005 consisting of senior unsecured notes with a maturity of 5.5 years at a coupon of 2.75% p.a.,
amounting to USD 400 million and senior unsecured notes with a maturity of 10 years at a coupon of 3.875% p.a.,
amounting to USD 800 million. The Bank received net proceeds from the sale of senior unsecured notes
amounting to USD 1,194 million. On March 27, 2018, the Bank redeemed senior unsecured notes with a
maturity of 5.5 years at a coupon of 2.75% p.a., amounting to USD 400 million.

On April 12, 2013, the shareholders passed a resolution for the issuance of bonds, whether subordinated or
unsubordinated and/or secured or unsecured, including but not limited to short-term bonds, derivative bonds,
perpetual bonds and non-cumulative hybrid debt instruments with non-payment of interest in the years where
the Bank does not report any profit (together the “Bonds”) in the amount not exceeding Baht 150,000 million or
its equivalent in other currencies to be offered for sale in domestic markets and/or in foreign markets to the
general public, and/or institutional investors or investors with specific characteristics as defined in the
Notification of the Securities and Exchange Commission. At any point in time, the Bank may offer for sale
Bonds in an amount within such limit less the amount of Bonds already issued under such limit but not yet
182 redeemed at that point in time. The Bank may issue and offer for sale different types of Bonds simultaneously
in one issue at the same time or in several issues at different times and/or as a program and/or on a revolving
basis and may issue and offer for sale Bonds in conjunction with or at the same time with other securities,
provided that the Bonds, other than perpetual bonds, shall have a maturity of not exceeding 100 years.
The Bank may be granted the right to redeem the Bonds prior to their maturities, and/or the bondholders may be
granted the right to call the Bank to redeem the Bonds prior to their maturities, in accordance with the terms
and conditions of the Bonds. The Board of Directors or the Board of Executive Directors shall be empowered
to consider conditions and other details for the issue and offering of the bonds.

On October 3, 2013, the Bank issued and offered 2 series of senior unsecured notes for sale to foreign
investors according to the resolution of the 14th Annual Ordinary Meeting of Shareholders convened on
April 12, 2007 consisting of senior unsecured notes with a maturity of 5 years at a coupon of 3.30% p.a.,
amounting to USD 500 million and senior unsecured notes with a maturity of 10 years at a coupon of 5.00% p.a.,
amounting to USD 500 million. The Bank received net proceeds from the sale of senior unsecured notes
amounting to USD 999 million. On October 3, 2018, the Bank redeemed senior unsecured notes with a
maturity of 5 years at a coupon of 3.30% p.a., amounting to USD 500 million.

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 Bangkok Bank Public Company Limited | Annual Report 2018

On September 19, 2018, the Bank issued and offered 2 series of senior unsecured notes for sale to foreign
investors according to the resolution of the 14 th Annual Ordinary Meeting of Shareholders convened on
April 12, 2007 consisting of senior unsecured notes with a maturity of 5.5 years at a coupon of 4.05% p.a.,
amounting to USD 600 million and senior unsecured notes with a maturity of 10 years at a coupon of 4.45% p.a.,
amounting to USD 600 million. The Bank received net proceeds from the sale of senior unsecured notes
amounting to USD 1,198 million.

6.19 The Issuance of Bonds under the Medium Term Note Program

On March 26, 1997, the shareholders passed a resolution for the Bank to issue and offer bonds including
subordinated bonds and unsubordinated bonds under the Medium Term Note Program in an amount of not
exceeding USD 1,500 million or its equivalent in other currencies. The bonds shall have a maturity of not
exceeding 30 years and be offered and sold in foreign markets and/or domestic markets. The Bank may be
given the right to redeem the bonds prior to their maturity and/or the bondholders may be given the right to
call the Bank to redeem the bonds prior to their maturity in accordance with the condition of the bonds.
The Board of Directors was authorized to proceed with the issue. As at December 31, 2018, the Bank had not
yet issued bonds according to the aforementioned resolution. 183
6.20 Provisions

As at December 31, 2018 and 2017 provisions are as follows :

Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
Beginning balances 13,504 12,941 13,323 12,778
Increase during the years 4,834 3,467 4,806 3,438
Written off/reversal during the years (1,819) (2,904) (1,818) (2,893)
Ending balances 16,519 13,504 16,311 13,323

6.21 Post-employment benefits

6.21.1 Defined contribution plans

For the years ended December 31, 2018 and 2017, the Bank and its subsidiaries have the expenses
for defined contribution plans in the consolidated financial statements, amounting to Baht 1,240
million and Baht 1,216 million, and in the Bank’s financial statements amounting to Baht 1,113 million
and Baht 1,096 million, respectively.

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 Annual Report 2018 | Bangkok Bank Public Company Limited

6.21.2 Defined benefit plans

As at December 31, 2018 and 2017, the Bank and its local subsidiaries have unfunded defined
benefit plans but some overseas branches have funded defined benefit plans. The reconciliation of
the defined benefit obligations, both funded and unfunded, and plan assets to the amounts
recognized in the financial statements are as follows :
Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
The present value of the funded defined
benefit plans 811 797 811 797
The fair value of plan assets (571) (552) (571) (552)
240 245 240 245
The present value of the unfunded defined
benefit plans 10,698 8,119 10,491 7,938
Liabilities, net 10,938 8,364 10,731 8,183
The following table presents the reconciliations of the present value of defined benefit obligations,
both funded and unfunded, under the post-employment benefits as at December 31, 2018 and 2017 :
184 Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
Beginning balances 8,916 8,190 8,735 8,026
Current service costs 3,114 538 3,093 513
Interest costs 271 268 267 265
Benefit paid during the years (339) (331) (338) (326)
Actuarial losses (gains) on obligations
from changes in financial assumptions 51 277 50 281
from changes in demographic assumptions (297) 190 (308) 187
from experience (157) (186) (147) (181)
Unrealized gains on exchanges (50) (30) (50) (30)
Ending balances 11,509 8,916 11,302 8,735
On 13 December 2018, the National Legislative Assembly passed an amendment bill to the Labor
Protection Act which is now awaiting for publication in the Royal Gazette in order to determine the
effective date. This new Thai Labor Protection Act amend the amount of severance pay for an
employee who has worked at least 20 years in accordance with the Bank’s working rules and
regulations to be increased to 400 days at the employee’s last wage rate. The Bank determines that
such revision to Thai Labor Act is the post-employee benefit plan amendment which become effective
to the post employment benefit obligation as at December 31, 2018. The Bank therefore recognize the
increase of the post-employment benefit obligation as at the financial reporting date due to the
increase in such severance pay as the expense for the year 2018 amounting to Baht 2,523 million.

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 Bangkok Bank Public Company Limited | Annual Report 2018

The following table presents the reconciliations of the fair value of plan assets related to the funded
defined benefit plans as at December 31, 2018 and 2017 :
Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
Beginning balances 552 535 552 535
Interest income 20 21 20 21
Contributions 62 40 62 40
Benefit paid during the years (23) (30) (23) (30)
Actuarial losses on plan assets (4) (1) (4) (1)
Unrealized losses on exchanges (36) (13) (36) (13)
Ending balances 571 552 571 552
Significant actuarial assumptions used to calculate the defined benefit obligations and plan assets,
average per each plan, and the sensitivity analysis for each significant actuarial assumptions which
reflect increasing in the obligations if the assumptions change by 1% as at December 31, 2018 and 2017
are as follows :
Percentage
CONSOLIDATED 185
Significant actuarial assumptions Increase in defined benefit obligations
2018 2017 2018 2017
Discount rate 0.70 - 8.10 0.70 - 6.85 12.84 13.44
Average future salary increases 2.00 - 15.00 2.00 - 15.00 11.47 11.81

Percentage
THE BANK
Significant actuarial assumptions Increase in defined benefit obligations
2018 2017 2018 2017
Discount rate 0.70 - 8.10 0.70 - 6.85 12.88 13.50
Average future salary increases 2.00 - 15.00 2.00 - 15.00 11.47 11.81

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 Annual Report 2018 | Bangkok Bank Public Company Limited

6.22
6.22 Other
Other liabilities
liabilities
Other
Other liabilities
liabilities as
as at
at December
December 31,
31, 2018
2018 and
and 2017
2017 are
are as
as follows
follows ::
Million
Million Baht
Baht
CONSOLIDATED
CONSOLIDATED THE
THE BANK
BANK
2018
2018 2017
2017 2018
2018 2017
2017
Deposit
Deposit received
received and
and margin
margin payable
payable 20,676
20,676 19,705
19,705 4,873
4,873 3,939
3,939
Accrued expenses
Accrued expenses 16,494
16,494 17,371
17,371 15,030
15,030 16,356
16,356
Other
Other payables
payables 16,497
16,497 16,543
16,543 13,056
13,056 11,818
11,818
Advance
Advance received
received from
from electronic
electronic service
service 5,469
5,469 6,421
6,421 5,465
5,465 6,415
6,415
Other liabilities
Other liabilities 15,718
15,718 13,813
13,813 14,112
14,112 12,408
12,408
 
Total
Total 74,854
74,854 73,853
73,853 52,536
52,536 50,936
50,936
6.23
6.23 Share
Share capital
capital
The
The Bank’s
Bank’s share
share capital
capital consists
consists of
of ::
-- Ordinary
Ordinary shares
shares
-- Class
Class AA and
and Class
Class BB preferred
preferred shares,
shares, the
the holders
holders of
of which
which have
have rights
rights according
according toto Article
Article 33 of
of the
the Bank’s
Bank’s
Articles
Articles of
of Association.
Association.
As
As at
at December
December 31,
31, 2018
2018 andand 2017,
2017, the
the Bank
Bank had
had registered
registered share
share capital
capital of
of Baht
Baht 40,000,000,000
40,000,000,000 divided
divided
186
into
into ordinary
ordinary shares
shares and
and preferred
preferred shares
shares totaling
totaling 4,000,000,000
4,000,000,000 shares,
shares, with
with par
par value
value of
of Baht
Baht 1010 each,
each,
details
details of
of which
which are
are as
as follows
follows ::
Number
Number of
of Registered
Registered Shares
Shares
2018
2018 2017
2017
Type
Type
Ordinary
Ordinary shares
shares 3,998,345,000
3,998,345,000 3,998,345,000
3,998,345,000
Class
Class A preferred shares
A preferred shares 655,000
655,000 655,000
655,000
Class
Class B preferred shares
B preferred shares 1,000,000
1,000,000 1,000,000
1,000,000
Total
Total 4,000,000,000
4,000,000,000 4,000,000,000
4,000,000,000
As
As at
at December
December 31, 31, 2018
2018 and
and 2017,
2017, the
the Bank
Bank had
had 1,908,842,894
1,908,842,894 issuedissued ordinary
ordinary shares
shares and
and 2,039,502,106
2,039,502,106
unissued
unissued ordinary
ordinary shares
shares andand 655,000
655,000 Class
Class AA unissued
unissued preferred
preferred shares
shares and
and 1,000,000
1,000,000 Class
Class BB unissued
unissued
preferred
preferred shares.
shares. In
In relation
relation to
to the
the allocation
allocation of
of thethe unissued
unissued ordinary
ordinary shares,
shares, the
the Bank
Bank will
will follow
follow thethe
th
resolutions of
resolutions of the
the 12
12 ordinary
th
ordinary shareholders’
shareholders’ meeting
meeting convened
convened on on April
April 12,
12, 2005,
2005, as
as per
per the
the following
following details
details ::
1.
1. Allocation
Allocation of
of 1,339,502,106
1,339,502,106 ordinary
ordinary shares
shares as as follows
follows ::
1.1)
1.1) Allocation
Allocation ofof 459,502,106
459,502,106 ordinary
ordinary shares
shares for for offer
offer and
and sale
sale to
to the
the general
general public,
public, including
including thethe
existing shareholders and the beneficial owners of the shares held by custodian
existing shareholders and the beneficial owners of the shares held by custodian or by any other or by any other
similar
similar arrangements.
arrangements.
1.2)
1.2) Allocation
Allocation ofof 440,000,000
440,000,000 ordinary
ordinary shares
shares for for offer
offer and
and sale
sale to
to institutional
institutional investors
investors oror investors
investors
with
with specific
specific characteristics
characteristics prescribed
prescribed inin the
the Notification
Notification of
of the
the Securities
Securities and
and Exchange
Exchange Commission.
Commission.


The
The Bank
Bank had
had made
made changes
changes to
to the
the presentations
presentations of
of 2017
2017 for
for comparison
comparison in
in accordance
accordance with
with the
the current
current year
year presentations.
presentations.
-- 78
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 Bangkok Bank Public Company Limited | Annual Report 2018

1.3) Allocation of 440,000,000 ordinary shares for offer and sale to the existing shareholders and the
beneficial owners of the ordinary shares in proportion to their shareholdings.
2. Allocation of 50,000,000 ordinary shares to be reserved for the exercise of the conversion right attached
to the subordinated convertible bonds issued by the Bank and offered for sale in 1999 as part of the
Capital Augmented Preferred Securities (CAPS).
3. Allocation of 500,000,000 ordinary shares to be reserved for the exercise of the conversion right
attached to the subordinated convertible bonds and/or convertible bonds that may further be issued in
the future by the Bank.
4. Allocation of 200,000,000 ordinary shares to be reserved for the exercise of right to purchase ordinary
shares by holders of warrants that may further be issued in the future by the Bank.
5. Allocation of 655,000 Class A preferred shares for offer and sale in foreign markets and/or domestic
markets, which may be offered and sold in conjunction with subordinated bonds.
6. Allocation of 1,000,000 Class B preferred shares for offer and sale in foreign markets and/or domestic
markets, which may be offered and sold in conjunction with subordinated bonds and/or
unsubordinated bonds and/or subordinated convertible bonds and/or convertible bonds.
The offer and sale of the Bank’s securities shall comply with the regulations prescribed by the Securities and 187
Exchange Commission.
6.24 The establishment of Special Purpose Vehicle to issue capital securities
On April 21, 1998, the shareholders passed a resolution for the Bank to establish Special Purpose Vehicle
(SPV) to issue capital securities in the amount not exceeding USD 1,000 million or its equivalent in other
currencies, to be offered in private placement and/or to institutional investors in accordance with the rules and
guidelines of the Securities and Exchange Commission. The Bank may issue capital securities in whole
amount or in lots. The Board of Directors was authorized to proceed with the establishment of the SPV.
Such capital securities may be perpetual, non-cumulative, and redeemable by the SPV or may be guaranteed
by the Bank. The terms and conditions in the offering of the capital securities may state that upon specific
conditions, the Bank must or may issue other securities in exchange for the capital securities.
Upon the issuance of capital securities by the SPV, the Bank may issue securities which may be subordinated;
secured; convertible into ordinary shares or other securities of the Bank; or any other securities in the amount
not exceeding USD 1,100 million or its equivalent in other currencies to the SPV. The Board of Directors has
been authorized to proceed with the issuance of the capital securities by the SPV and those securities that the
Bank may have to issue to the SPV. The terms and conditions of the offering of the capital securities by the
SPV may include dividend payment or other kind of payment as determined by the Board of Directors and
such payment may be related to payment of dividend or other payment on other securities of the Bank.

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 Annual Report 2018 | Bangkok Bank Public Company Limited

On March 18, 1999, the shareholders passed a resolution for the Bank to establish or to invest in a subsidiary
or SPV for the purpose of raising fund of the Bank, by issuing preferred shares and/or bonds to the subsidiary
or SPV, or the Bank may issue the preferred shares and/or bonds to a mutual fund or a juristic entity that is
established for investing mainly in the Bank’s preferred shares and/or bonds; and the Bank is authorized to
enter into Trust Agreement or Master Investment Agreement between the Bank and the subsidiary or SPV or
mutual fund or any other juristic entity. As at December 31, 2018, the Bank had not yet established the SPV as
it had not issued the instrument for fund raising via SPV according to the above-mentioned resolution.

6.25 Legal reserve and other reserves

6.25.1 Under the Public Limited Companies Act, the Bank is required to allocate to a reserve fund at least 5%
of its net profit after accumulated losses brought forward (if any) until the reserve fund is not less than
10% of the registered capital. However, the Bank’s Articles of Association require that the Bank shall
allocate to the reserve fund at least 10% of its net profit after accumulated losses brought forward (if any)
until the reserve fund is not less than 25% of the registered capital. The reserve fund is not available
for dividend distribution.
188
6.25.2 The Bank appropriated annual profit as other reserves, which are treated as general reserve with no
specific purpose.
6.26 The appropriation of the profit and the dividend payments

On April 12, 2017, the 24th Annual Ordinary Meeting of Shareholders approved the resolutions regarding the
appropriation of the profit and the payment of dividend for the year 2016 as follows :

- The appropriation as legal reserve and as other reserves amounting to Baht 1,000 million and Baht 5,000 million,
respectively, with the amount to be appropriated for the period of January - June 2016 amounting to
Baht 500 million as legal reserve and Baht 5,000 million as other reserves (all of which had already been
appropriated as stated in the financial statements for the year ended December 31, 2016), and the amount
to be appropriated for the period of July - December 2016 amounting to Baht 500 million as legal reserve.

- The payment of dividend at the rate of Baht 6.50 per ordinary share, totaling Baht 12,058 million, a part of
which had been paid as interim dividend at the rate of Baht 2.00 per share amounting to Baht 3,712 million
on September 23, 2016, and the remaining amount will be paid on May 11, 2017 at the rate of Baht 4.50
per share amounting to Baht 8,346 million.

The Bank already paid dividend according to the above-mentioned resolution amounting to Baht 8,346 million
on May 11, 2017.

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 Bangkok Bank Public Company Limited | Annual Report 2018

On August 24, 2017, the meeting of the Board of Directors of the Bank No. 8/2017 approved the resolutions
regarding the appropriation of the profit and the payment of interim dividend as follows :

- The appropriation as legal reserve and as other reserves for the period of January - June 2017 amounting
to Baht 500 million and Baht 5,000 million, respectively.

- The payment of interim dividend at the rate of Baht 2.00 per ordinary share amounting to Baht 3,710 million
on September 22, 2017.

The Bank already paid dividend according to the above-mentioned resolution amounting to Baht 3,710 million
on September 22, 2017.

On April 12, 2018, the 25th Annual Ordinary Meeting of Shareholders approved the resolutions regarding the
appropriation of the profit and the payment of dividend for the year 2017 as follows :

- The appropriation as legal reserve and as other reserves amounting to Baht 1,000 million and Baht 5,000 million,
respectively, with the amount to be appropriated for the period of January - June 2017 amounting to Baht
500 million as legal reserve and Baht 5,000 million as other reserves (all of which had already been
189
appropriated as stated in the financial statements for the year ended December 31, 2017), and the amount
to be appropriated for the period of July - December 2017 amounting to Baht 500 million as legal reserve.

- The payment of dividend at the rate of Baht 6.50 per ordinary share, totaling Baht 12,060 million, a part of
which had been paid as interim dividend at the rate of Baht 2.00 per share amounting to Baht 3,710 million
on September 22, 2017, and the remaining amount will be paid on May 11, 2018 at the rate of Baht 4.50
per share amounting to Baht 8,350 million.

The Bank already paid dividend according to the above-mentioned resolution amounting to Baht 8,350 million
on May 11, 2018.

On August 30, 2018, the meeting of the Board of Directors of the Bank No. 8/2018 approved the resolutions
regarding the appropriation of the profit and the payment of interim dividend as follows :

- The appropriation as legal reserve and as other reserves for the period of January - June 2018 amounting
to Baht 500 million and Baht 5,000 million, respectively.

- The payment of interim dividend at the rate of Baht 2.00 per ordinary share amounting to Baht 3,716 million
on September 28, 2018.

The Bank already paid dividend according to the above-mentioned resolution amounting to Baht 3,716 million
on September 28, 2018.

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 Annual Report 2018 | Bangkok Bank Public Company Limited

6.27 Assets pledged as collateral and under restriction

The Bank had investments in government securities and state enterprise securities which had been pledged
as collateral for repurchase agreements and for commitments with government agencies. The book values of
such securities, net of valuation allowances for impairment, as at December 31, 2018 and 2017 amounted to
Baht 16,207 million and Baht 9,005 million, respectively.

6.28 Contingent liabilities

As at December 31, 2018 and 2017, the Bank and subsidiaries had contingent liabilities as follows :
Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
Avals to bills 5,800 8,187 5,800 8,187
Guarantees of loans 32,236 20,445 20,525 8,284
Liability under unmatured import bills 19,041 16,394 15,329 14,449
Letters of credit 35,822 31,803 34,486 31,077
Other commitments
190 Underwriting commitment - 1,098 - 1,098
Amount of unused bank overdraft 170,329 174,083 169,326 172,901
Other guarantees 270,320 259,314 267,795 257,089
Others 120,182 88,622 123,426 91,390
Total 653,730 599,946 636,687 584,475

6.29 Litigation

As at December 31, 2018 and 2017, a number of civil proceedings have been brought against the Bank and
subsidiaries in the ordinary course of business. The Bank and subsidiaries believe that such proceedings,
when resolved, will not materially affect the Bank and subsidiaries’s financial position and result of operations.

6.30 Related party transactions

As at December 31, 2018 and 2017, related parties of the Bank consisted of subsidiaries, associates, key
management personnel that are directors, executives at the level of executive vice president and higher or
equal, any parties related to key management personnel, including the entities in which key management
personnel and any parties related which are controlled or significantly influenced.

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 Bangkok Bank Public Company Limited | Annual Report 2018

The Bank and subsidiaries had significant assets, liabilities and commitments with related parties as follows :
Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
Placement
Subsidiaries
Bangkok Bank Berhad - - 2,767 1,970
Bangkok Bank (China) Co., Ltd. - - 2,078 5,066
Total - - 4,845 7,036
Loans
Subsidiary
Sinnsuptawee Asset Management Co., Ltd. - - 2,710 2,710
Associate
BSL Leasing Co., Ltd. 80 300 80 300
Other related parties 72 23 38 20
Total 152 323 2,828 3,030
Allowance for doubtful accounts
Subsidiary
Sinnsuptawee Asset Management Co., Ltd. - - 33 33
Associate
191
BSL Leasing Co., Ltd. 1 3 1 3
Total 1 3 34 36
Other assets
Subsidiaries
Bangkok Bank Berhad - - 3 5
Sinnsuptawee Asset Management Co., Ltd. - - 2 2
BBL Asset Management Co., Ltd. - - 378 357
Bualuang Securities PCL. - - 1 1
Bangkok Bank (China) Co., Ltd. - - 1 30
Associates
Processing Center Co., Ltd. 38 35 38 35
Thai Payment Network Co., Ltd. 13 3 13 3
Other related parties 6 6 - -
Total 57 44 436 433

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 Annual Report 2018 | Bangkok Bank Public Company Limited

Million
Million Baht
Baht
CONSOLIDATED
CONSOLIDATED THE
THE BANK
BANK
2018
2018 2017
2017 2018
2018 2017
2017
Deposits
Deposits
Subsidiaries
Subsidiaries
BBL
BBL (Cayman)
(Cayman) Limited
Limited -- -- 765
765 756
756
Bangkok Bank Berhad
Bangkok Bank Berhad -- -- 56
56 127
127
Sinnsuptawee
Sinnsuptawee Asset
Asset Management
Management Co., Co., Ltd.
Ltd. -- -- 11
11 77
BBL Asset
BBL Asset Management
Management Co.,Co., Ltd.
Ltd. -- -- 113
113 112
112
Bualuang
Bualuang Securities
Securities PCL.
PCL. -- -- 113
113 244
244
Bangkok
Bangkok Bank (China) Co.,
Bank (China) Co., Ltd.
Ltd. -- -- 130
130 111
111
Bualuang Venture Co.,
Bualuang Venture Co., Ltd. Ltd. -- -- 288
288 473
473
Bangkok Capital
Bangkok Capital Asset
Asset

Management
Management Co., Ltd.
Co., Ltd. -- -- 134
134 194
194
Associates
Associates
BSL
BSL Leasing
Leasing Co.,
Co., Ltd.
Ltd. 30
30 61
61 30
30 61
61
Processing Center
Processing Center Co.,
Co., Ltd.
Ltd. 99
99 69
69 99
99 69
69
National ITMX Co., Ltd.
National ITMX Co., Ltd. 80
80 57
57 80
80 57
57
Thai
Thai Payment
Payment Network
Network Co.,
Co., Ltd.
Ltd. 145
145 47
47 145
145 47
47
Other related parties
Other related parties 7,730
7,730 8,834
8,834 7,730
7,730 8,834
8,834
Total
Total 8,084
8,084 9,068
9,068 9,694
9,694 11,092
11,092
192
Borrowings
Borrowings
Subsidiary
Subsidiary
Bangkok
Bangkok BankBank (China)
(China) Co.,
Co., Ltd.
Ltd. -- -- 519
519 530
530
Total
Total -- -- 519
519 530
530
Other
Other liabilities
liabilities
Subsidiaries
Subsidiaries
BBL
BBL (Cayman)
(Cayman) Limited
Limited -- -- 11 11
Bangkok Bank
Bangkok Bank Berhad
Berhad -- -- -- 22
Sinnsuptawee
Sinnsuptawee Asset
Asset Management
Management Co., Co., Ltd.
Ltd. -- -- 372
372 720
720
Bualuang Securities
Bualuang Securities PCL.PCL. -- -- 11 11
Associates
Associates
Processing Center
Processing Center Co.,
Co., Ltd.
Ltd. 11 88 11 88
National ITMX Co., Ltd.
National ITMX Co., Ltd. 10
10 77 10
10 77
Other
Other related
related parties
parties 73
73 46
46 12
12 17
17
Total
Total 84
84 61
61 397
397 756
756


Holding
Holding by
by Bualuang
Bualuang Securities
Securities PCL.
PCL.
-- 84
84 --
 Bangkok Bank Public Company Limited | Annual Report 2018

Million Baht
CONSOLIDATED THE BANK
2018 2017 2018 2017
Commitments
Subsidiaries
COMMITMENTS
Bangkok Bank Berhad - - 72 156
Bualuang Securities PCL. - - - 189
Associates
BSL Leasing Co., Ltd. 19 9 19 9
National ITMX Co., Ltd. - 1 - 1
Other related parties 3 12 3 12
Total 22 22 94 367

For the year ended December 31, 2018, the Bank and subsidiaries charged interest at rates between 1.62%
and 13.00% on loans to these related parties depending on the types of loans and collateral and charged
interest at rate of 1.62% on loans to Sinnsuptawee Asset Management Co., Ltd.

For the year ended December 31, 2017, the Bank and subsidiaries charged interest at rates between 1.57%
and 13.00% on loans to these related parties depending on the types of loans and collateral and charged
interest at rate of 1.57% on loans to Sinnsuptawee Asset Management Co., Ltd. 193
The Bank follows the BOT guidelines in estimating the minimum allowance for doubtful accounts on loans to
related parties similar to loans to normal debtors.

In the consolidated and the Bank’s financial statements, investments in subsidiaries and associates as at
December 31, 2018 and 2017 are shown in Note 6.5.

Significant accounting transactions between the Bank and subsidiaries, associates and other related parties
were transacted under normal business practices. The prices, interest rates, commission charges, terms and
conditions are determined on an arm’s length basis.

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 Annual Report 2018 | Bangkok Bank Public Company Limited

The Bank and subsidiaries had significant income and expenses with related parties as follows :
Million Baht
CONSOLIDATED THE BANK
FOR THE YEARS FOR THE YEARS
ENDED DECEMBER 31, ENDED DECEMBER 31,
2018 2017 2018 2017
Interest and discount received
Subsidiaries
Bangkok Bank Berhad - - 47 39
Sinnsuptawee Asset Management Co., Ltd. - - 43 43
Bualuang Securities PCL. - - 2 -
Bangkok Bank (China) Co., Ltd. - - 19 97
Associate
BSL Leasing Co., Ltd. 4 15 4 15
Other related parties 1 2 1 2
Total 5 17 116 196
Fees and service income
Subsidiaries
Bangkok Bank Berhad - - 1 2
BBL Asset Management Co., Ltd. - - 2,242 1,995
Bualuang Securities PCL. - - 24 23
194 Associate
Processing Center Co., Ltd. 10 11 10 11
Other related parties 73 52 1 1
Total 83 63 2,278 2,032
Dividend income
Subsidiaries
Sinnsuptawee Asset Management Co., Ltd. - - 7,000 -
BBL Asset Management Co., Ltd. - - 975 755
Bualuang Securities PCL. - - 540 540
Associates
BSL Leasing Co., Ltd. 18 178 18 178
Processing Center Co., Ltd. 109 76 109 76
National ITMX Co., Ltd. 3 5 3 5
Total 130 259 8,645 1,554
Other income
Subsidiaries
Bualuang Securities PCL. - - 17 4
Bangkok Bank (China) Co., Ltd. - - 123 135
Associates
National ITMX Co., Ltd. 5 5 5 5
Thai Payment Network Co., Ltd. 10 10 10 10
Total 15 15 155 154

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 Bangkok Bank Public Company Limited | Annual Report 2018

Million Baht
CONSOLIDATED THE BANK Million Baht
FOR THE YEARS
CONSOLIDATED FORTHE
THEBANK
YEARS
ENDED
FOR THE YEARS 31,
DECEMBER ENDED
FOR THE YEARS 31,
DECEMBER
ENDED DECEMBER2017
2018 31, ENDED DECEMBER2017
2018 31,
Interest paid 2018 2017 2018 2017
Subsidiaries
Interest paid
BBL (Cayman) Limited
Subsidiaries - - 14 8
Bangkok Bank Berhad
BBL (Cayman) Limited - - 14- 18
Sinnsuptawee
Bangkok BankAsset
BerhadManagement Co., Ltd. - - 2- 1-
BBL Asset Management
Sinnsuptawee Co., Ltd. Co., Ltd.
Asset Management - - 2 2-
Bualuang
BBL AssetSecurities
ManagementPCL.Co., Ltd. - - 32 32
Bangkok Bank (China)
Bualuang Securities PCL. Co., Ltd. - - 123 73
Bualuang Venture
Bangkok Bank Co., Co.,
(China) Ltd. Ltd. - - 123 37
Bualuang VentureAsset
Bangkok Capital Co., Ltd. - - 3 3
Bangkok Co., Ltd.
Capital Asset
Management - - 1 1
AssociateManagement Co., Ltd. - - 1 1
Processing Center Co., Ltd.
Associate 1 1 1 1
OtherProcessing
related parties
Center Co., Ltd. 751 731 751 731
Total parties
Other related 76
75 74
73 113
75 99
73
CommissionTotal
paid 76 74 113 99
Subsidiary
Commission paid
Bualuang Securities PCL.
Subsidiary - - 19 34
OtherBualuang
related parties 64- 55-
195
Securities PCL. 19- 34-
Total parties
Other related 64 55 19- 34-
Other expenses
Total 64 55 19 34
OtherSubsidiaries
expenses
Bangkok Bank Berhad
Subsidiaries - - 3 -
Sinnsuptawee
Bangkok BankAsset
BerhadManagement Co., Ltd. - - 13 1-
Bangkok Bank (China) Co., Ltd. Co., Ltd.
Sinnsuptawee Asset Management - - 41 51
Associates
Bangkok Bank (China) Co., Ltd. - - 4 5
Processing Center Co., Ltd.
Associates 57 70 57 70
National ITMX
Processing Co., Co.,
Center Ltd. Ltd. 91
57 65
70 91
57 65
70
OtherNational
relatedITMX
parties
Co., Ltd. 115
91 106
65 103
91 95
65
Total parties
Other related 263
115 241
106 259
103 236
95
Total 263 241 259 236
Compensation of key management personnel for the years ended December 31, 2018 and 2017 consisted of
Compensation
the following : of key management personnel for the years ended December 31, 2018 and 2017 consisted of
the following :
Million Baht
CONSOLIDATED THE BANK Million Baht
FOR THE YEARS
CONSOLIDATED FORTHE
THEBANK
YEARS
ENDED
FOR THE YEARS 31,
DECEMBER ENDED
FOR THE YEARS 31,
DECEMBER
2018
ENDED DECEMBER2017
31, 2018
ENDED DECEMBER 2017
31,
Short-term employee benefits 1,759
2018 1,570
2017 1,262
2018 1,090
2017
Short-term employee
Post-employment benefits
benefits 1,759
76 1,570
69 1,262
68 1,090
62
Post-employment
Total benefits 76
1,835 69
1,639 68
1,330 62
1,152
Total 1,835 1,639 1,330 1,152

Holding by Bualuang Securities PCL.

Holding by Bualuang Securities PCL. - 87 -
 Annual Report 2018 | Bangkok Bank Public Company Limited

6.31 Other benefits to directors and persons with managing authority

The Bank has not extended the extraordinary monetary and/or non-monetary benefits to the Banks’ directors,
executives at the level of executive vice president and higher, other than the ordinary benefits.
6.32 Disclosure of the statements of cash flows of the Asset Management Company (AMC)
In accordance with the BOT’s regulations, the Bank is required to disclose the statements of cash flows of the
AMC of the Bank in the notes to the financial statements. The statements of cash flows of Sinnsuptawee Asset
Management Co., Ltd. are as follows :
SINNSUPTAWEE ASSET MANAGEMENT COMPANY LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2018
Million Baht
2018 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Profit from operating before income tax expenses 3,369 768
Items to reconcile profit from operating before income tax expenses to cash received
(paid) from operating activities
Net profit on disposal of securities (3,628) (7)
196 Reversal on allowance impairment of properties for sale - (169)
Loss on impairment of properties for sale 628 5
Provision expenses 1 -
Net interest expenses 41 43
Dividend income (87) (104)
Interest received 1 -
Proceeds from dividend income 87 104
Interest expenses paid (43) (43)
Income tax paid (398) (267)
Profit (loss) from operating before changes in operating assets and liabilities (29) 330
Operating assets decrease
Properties for sale 396 765
Other assets - 2
Operating liabilities increase (decrease)
Deposits (121) 86
Other liabilities 1 (1)
Net cash from operating activities 247 1,182
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of available-for-sale securities (5,450) (2,588)
Proceeds from disposal of available-for-sale securities 12,206 1,408
Net cash from investing activities 6,756 (1,180)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend Paid (7,000) -
Net cash from financing activities (7,000) -
Net increase in cash and cash equivalents 3 2
Cash and cash equivalents as at January 1, 6 4
Cash and cash equivalents as at December 31, 9 6

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 Bangkok Bank Public Company Limited | Annual Report 2018

6.33 Long-term leases

Long-term leases as at December 31, 2018 and 2017 consisted of the following :
Million Baht
REMAINING RENTAL EXPENSES
CONSOLIDATED THE BANK
2018 2017 2018 2017
Type of lease Period
Land and/or premises 1 Year 63 63 63 63
Land and/or premises Over 1 Year to 5 Years 156 178 156 178
Land and/or premises Over 5 Years 178 207 178 207
Total 397 448 397 448
6.34 Operating segments
6.34.1 Operating segments
Operating segments are reported measured on a basis that is consistent with internal reporting.
Amounts for each operating segment are shown after the allocation of centralized costs and transfer
pricing.
Transactions between operating segments are recorded within the segment as if they were third party 197
transactions and are eliminated on consolidated financial statement.
The Bank is organized into segments based on products and services as follows :
Domestic banking
Domestic banking provides financial services in domestic. The main products and services are loans,
deposits, trade finance, remittances and payments, electronic services, credit cards, debit cards and
related other financial services.
International banking
International banking provides financial services through overseas branches and subsidiaries.
The main products and services are loans, deposits, foreign exchange services, international fund
transfers and payments, and export and import services.
Investment banking
Investment banking provides project services, corporate finance services, financial advisory services,
securities business services, business strategic management by trading financial instruments
including liquidity management of the Bank.

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 Annual Report 2018 | Bangkok Bank Public Company Limited

Others
Segments other than banking and investment banking business provide fund management services,
securities services, assets management services and others, including operating expenses not
allocated to operating segments.

The operating results of operating segments for the years ended December 31, 2018 and 2017 are
as follows :
Million Baht
CONSOLIDATED
FOR THE YEAR ENDED DECEMBER 31, 2018
Domestic International Investment Others Elimination Total
Banking Banking Banking
Total operating income 77,255 13,749 15,880 14,518 (1) 121,401
Total operating expenses before
credit losses (30,843) (4,320) (762) (19,241) 1 (55,165)
Profit from operating before credit
losses and income tax expenses 46,412 9,429 15,118 (4,723) - 66,236

198
Million Baht
CONSOLIDATED
FOR THE YEAR ENDED DECEMBER 31, 2017
Domestic International Investment Others Elimination Total
Banking Banking Banking
Total operating income 74,518 11,385 16,915 9,651 (1) 112,468
Total operating expenses before
credit losses (29,834) (4,385) (764) (13,966) 1 (48,948)
Profit from operating before credit
losses and income tax expenses 44,684 7,000 16,151 (4,315) - 63,520

The financial position of operating segments as at December 31, 2018 and 2017 are as follows :
Million Baht
CONSOLIDATED
Domestic International Investment Others Elimination Total
Banking Banking Banking
Total assets
As at December 31, 2018 1,659,254 825,697 1,107,633 149,941 (625,775) 3,116,750
As at December 31, 2017 1,627,512 752,751 1,066,340 165,334 (535,627) 3,076,310

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 Bangkok Bank Public Company Limited | Annual Report 2018

6.34.2 Geographical segments

6.34.2 Geographical segments
The operating results classified by geographical areas for the years ended December 31, 2018 and 2017
The operating results classified by geographical areas for the years ended December 31, 2018 and 2017
are as follows :
are as follows :
Million Baht
CONSOLIDATED Million Baht
CONSOLIDATED
FOR THE YEARS ENDED DECEMBER 31,
2018 FOR THE YEARS ENDED DECEMBER 31,2017
Domestic 2018
Foreign Total Domestic 2017
Foreign Total
Domestic
Operations Foreign
Operations Total Domestic
Operations Foreign
Operations Total
Operations Operations Operations Operations
Total operating income 104,303 17,098 121,401 98,658 13,810 112,468
Total operating income 104,303 17,098 121,401 98,658 13,810 112,468
Total operating expenses (67,792) (9,338) (77,130) (63,668) (7,650) (71,318)
Total operating expenses (67,792) (9,338) (77,130) (63,668) (7,650) (71,318)
Profit from operating
Profit from operating
before income tax expenses 36,511 7,760 44,271 34,990 6,160 41,150
before income tax expenses 36,511 7,760 44,271 34,990 6,160 41,150
The financial position classified by geographical areas as at December 31, 2018 and 2017 are as
The financial position classified by geographical areas as at December 31, 2018 and 2017 are as
follows :
follows :
Million Baht
CONSOLIDATED Million Baht
2018 CONSOLIDATED 2017
Domestic 2018
Foreign Total Domestic 2017
Foreign Total 199
Domestic
Operations Foreign
Operations Total Domestic
Operations Foreign
Operations Total
Operations Operations Operations Operations
Non-current assets 36,668 6,979 43,647 37,568 7,298 44,866
Non-current assets 36,668 6,979 43,647 37,568 7,298 44,866
Total assets 2,565,708 551,042 3,116,750 2,567,548 508,762 3,076,310
Total assets 2,565,708 551,042 3,116,750 2,567,548 508,762 3,076,310
6.35 Interest income
6.35 Interest income
Interest income for the years ended December 31, 2018 and 2017 are as follows :
Interest income for the years ended December 31, 2018 and 2017 are as follows :
Million Baht
CONSOLIDATED Million Baht
THE BANK
CONSOLIDATED
FOR THE YEARS THE BANK
FOR THE YEARS
FOR THE YEARS 31,
ENDED DECEMBER FOR DECEMBER
ENDED THE YEARS 31,
ENDED
2018 DECEMBER 31,
2017 ENDED
2018 DECEMBER 31,
2017
2018 2017 2018 2017
Interest on interbank and money market items 8,397 8,317 6,826 6,705
Interest on interbank and money market items 8,397 8,317 6,826 6,705
Investments and trading transactions 245 249 243 247
Investments and trading transactions 245 249 243 247
Investment in debt securities 8,954 7,993 8,494 7,508
Investment in debt securities 8,954 7,993 8,494 7,508
Interest on loans 93,131 88,876 90,411 86,540
Interest on loans 93,131 88,876 90,411 86,540
Others 54 41 59 41
Others 54 41 59 41
Total interest income 110,781 105,476 106,033 101,041
Total interest income 110,781 105,476 106,033 101,041


 Including credit losses.
 Including credit losses.
 Consisting of premises and equipment, net and other intangible assets, net.
Consisting of premises and equipment, net and other intangible assets, net.
- 91 -
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 Annual Report 2018 | Bangkok Bank Public Company Limited

6.36 Interest expenses

Interest expenses for the years ended December 31, 2018 and 2017 are as follows :
Million Baht
CONSOLIDATED THE BANK
FOR THE YEARS FOR THE YEARS
ENDED DECEMBER 31, ENDED DECEMBER 31,
2018 2017 2018 2017
Interest on deposits 21,762 21,596 20,123 20,017
Interest on interbank and money market items 2,142 1,081 1,885 843
Contributions to the Deposit Protection Agency 9,864 9,617 9,858 9,612
Interest on debt issued
Bonds and subordinated notes 5,561 6,523 5,561 6,523
Others 76 34 76 34
Total interest expenses 39,405 38,851 37,503 37,029
6.37 Net fees and service income
Net fees and service income for the years ended December 31, 2018 and 2017 are as follows :
Million Baht
CONSOLIDATED THE BANK
FOR THE YEARS FOR THE YEARS
200 ENDED DECEMBER 31, ENDED DECEMBER 31,
2018 2017 2018 2017
Fees and service income
Acceptances, aval and guarantees of loans 199 197 158 164
Others 37,238 36,263 31,888 31,620
Total fees and service income 37,437 36,460 32,046 31,784
Fees and service expenses 9,847 8,934 9,682 8,841
Net fees and service income 27,590 27,526 22,364 22,943
6.38 Gains (losses) on tradings and foreign exchange transactions
Gains (losses) on tradings and foreign exchange transactions for the years ended December 31, 2018 and 2017
are as follows :
Million Baht
CONSOLIDATED THE BANK
FOR THE YEARS FOR THE YEARS
ENDED DECEMBER 31, ENDED DECEMBER 31,
2018 2017 2018 2017
Gains (losses) on tradings and foreign exchange
transactions
Foreign exchanges and derivatives 7,798 6,725 7,351 7,278
Interest rate derivatives 265 (876) 265 (876)
Debt securities (114) 66 (117) 61
Equity securities 351 342 - -
Total gains on tradings
and foreign exchange transactions 8,300 6,257 7,499 6,463

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 Bangkok Bank Public Company Limited | Annual Report 2018

6.39 Gains (losses) on investments

Gains (losses) on investments for the years ended December 31, 2018 and 2017 are as follows :
Million Baht
CONSOLIDATED THE BANK
FOR THE YEARS FOR THE YEARS
ENDED DECEMBER 31, ENDED DECEMBER 31,
2018 2017 2018 2017
Gains on investments
Available-for-sale securities 7,879 2,360 4,220 2,353
General investment 2,806 6,146 2,806 6,146
Investments in associates - - - 42
Total 10,685 8,506 7,026 8,541
Loss on impairment
Available-for-sale securities (2) - (2) -
General investment (2,674) (2,078) (2,674) (2,078)
Total (2,676) (2,078) (2,676) (2,078)
Total gains on investments 8,009 6,428 4,350 6,463

6.40 Impairment loss of loans and debt securities

201
Impairment loss of loans and debt securities for the years ended December 31, 2018 and 2017 are as follows :
Million Baht
CONSOLIDATED THE BANK
FOR THE YEARS FOR THE YEARS
ENDED DECEMBER 31, ENDED DECEMBER 31,
2018 2017 2018 2017
Interbank and money market items 1,241 247 1,105 112
Loans to customers 17,117 22,371 16,440 22,433
Loss on debt restructuring (reversal) 3,607 (342) 3,607 (342)
Available-for-sale debt securities - 94 - 94

6.41 Income tax expenses

6.41.1 Income tax recognized in profit or loss for the years ended December 31, 2018 and 2017 are as follows :
Million Baht
CONSOLIDATED THE BANK
FOR THE YEARS FOR THE YEARS
ENDED DECEMBER 31, ENDED DECEMBER 31,
2018 2017 2018 2017
Current tax 11,125 10,170 9,315 9,377
Deferred tax (2,571) (2,338) (2,382) (2,279)
Total income tax expenses 8,554 7,832 6,933 7,098

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 Annual Report 2018 | Bangkok Bank Public Company Limited

6.41.2 Income tax recognized in component of other comprehensive income for the years ended December 31, 2018
and 2017 are as follows :
Million Baht
CONSOLIDATED
FOR THE YEARS ENDED DECEMBER 31,
2018 2017
Before-tax Tax (expense) Net-of-tax Before-tax Tax (expense) Net-of-tax
Amount Benefit Amount Amount Benefit Amount
Gains (losses) on remeasuring
available-for-sale
investment (11,717) 2,400 (9,317) 8,855 (1,850) 7,005
Losses arising from
translating the financial
statements of foreign
operations (3,180) - (3,180) (5,018) - (5,018)
Actuarial gain (losses) on
defined benefit plans 400 (76) 324 (283) 51 (232)
Total (14,497) 2,324 (12,173) 3,554 (1,799) 1,755

202 Million Baht

THE BANK
FOR THE YEARS ENDED DECEMBER 31,
2018 2017
Before-tax Tax (expense) Net-of-tax Before-tax Tax (expense) Net-of-tax
Amount Benefit Amount Amount Benefit Amount
Gains (losses) on remeasuring
available-for-sale
investment (11,676) 2,393 (9,283) 8,728 (1,823) 6,905
Losses arising from
translating the financial
statements of foreign
operations (1,509) - (1,509) (4,434) - (4,434)
Actuarial gains (losses) on
defined benefit plans 401 (76) 325 (288) 52 (236)
Total (12,784) 2,317 (10,467) 4,006 (1,771) 2,235

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 Bangkok Bank Public Company Limited | Annual Report 2018

6.41.3 Reconciliation of effective tax rates for the years ended December 31, 2018 and 2017 are as follows :
Million Baht
CONSOLIDATED
FOR THE YEARSTHEENDED
BANKDECEMBER 31,
2018 2017
Amount Percentage Amount Percentage
Profit from operating before income tax expense 44,271 41,150
Income tax calculated at statutory tax rate 8,854 20.00 8,230 20.00
Overseas tax 1,251 1,096
Tax effect of income and expenses that are not
taxable and not deductible for tax purposes (2,524) (1,185)
Others 973 (309)
Total income tax expenses 8,554 19.32 7,832 19.03

Million Baht
THE BANK
FOR THE YEARSTHEENDED
BANKDECEMBER 31,
2018 2017
Amount Percentage Amount Percentage
Profit from operating before income tax expense 45,325 38,679
Income tax calculated at statutory tax rate 9,065 20.00 7,736 20.00
Overseas tax 1,204 1,081 203
Tax effect of income and expenses that are not
taxable and not deductible for tax purposes (2,544) (1,151)
Others (792) (568)
Total income tax expenses 6,933 15.30 7,098 18.35
6.42 Approval of the financial statements
On February 21, 2019, the Audit Committee and the Board of Executive Directors have authorized to issue
these financial statements.

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 Annual Report 2018 | Bangkok Bank Public Company Limited

+ GENERAL INFORMATION
Name of Company: Bangkok Bank Public Company Limited
Business Type: Commercial Bank
Head Office Address: 333 Silom Road, Silom, Bang Rak, Bangkok 10500
Registration Number: 0107536000374
Website: www.bangkokbank.com
Tel: 0-2231-4333
Fax: 0-2231-4890
Registered Capital as at December 31, 2018
Authorized share capital 40,000,000,000 Baht
Common Shares 3,998,345,000 shares of 10 Baht each
Preferred Shares                   1,655,000 shares of 10 Baht each
Issued and paid-up share capital   19,088,428,940 Baht  
Common Shares                  1,908,842,894 shares of 10 Baht each

1. Reference
1.1 Share registrar
93 Ratchadaphisek Road, Dindaeng, Dindaeng, Bangkok 10400
Tel. 0-2009-9000 Fax. 0-2009-9991
204
1.2 Trustee

Type of Bonds Interest Rates Maturity Trustee

Senior unsecured notes 5.000% October 3, 2023 The Bank of New York Mellon
Senior unsecured notes 4.050% March 19, 2024 101 Barclay Street, Floor 4E, New York,
Senior unsecured notes 4.450% September 19, 2028 NY 10286, USA

1.3 Auditor
Dr. Suphamit Techamontrikul
Certified Public Accountant (Thailand) Registration No. 3356
Deloitte Touche Tohmatsu Jaiyos Audit Co., Ltd.
AIA Sathorn Tower, 23rd - 27th Floor
11/1 South Sathorn Road, Yannawa, Sathorn, Bangkok 10120
Tel. 0-2034-0000 Fax. 0-2034-0100
1.4 Legal Advisers
Mr. Watchara Karnchanawirote
333 Silom Road, Silom, Bang Rak, Bangkok 10500
Tel. 0-2230-2731 Fax. 0-2231-5448
Mr. Wasan Soypisudh
333 Silom Road, Silom, Bang Rak, Bangkok 10500
Tel. 0-2230-2643 Fax. 0-2231-5448
Mr. Somchai Julniti
333 Silom, Silom, Bang Rak, Bangkok 10500
Tel. 0-2626-4492 Fax. 0-2231-5448
Mr. Kumpol Bhoosudsawaeng
333 Silom Road, Silom, Bang Rak, Bangkok 10500
Tel. 0-2230-2969 Fax. 0-2231-5448
 Bangkok Bank Public Company Limited | Annual Report 2018

1.5 Investor Relations

Bangkok Bank Public Company Limited
333 Silom Road, Silom, Bang Rak, Bangkok 10500
Tel. 0-2626-4981 Fax. 0-2231-4890
E-mail: [email protected]

Note: Investors can find more information about a company which issues securities from its Form 56-1 which is posted on
www.sec.or.th or its website

2. Disclosure of Information on Capital Structure and Major Shareholders

Shareholders
Shareholding structure as at September 13, 2018 (Record date)

No. Name of Shareholder Number of Shares Percentage of Total Shares

1 THAI NVDR COMPANY LIMITED 624,910,402 32.74

2 SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED 80,624,541 4.22
3 SOCIAL SECURITY OFFICE 57,237,900 3.00
4 THAILAND SECURITIES DEPOSITORY 50,675,829 2.65
5 STATE STREET EUROPE LIMITED 40,013,428 2.10
6 THE BANK OF NEW YORK MELLON 35,779,100 1.87 205
7 UOB KAY HIAN (HONG KONG) LIMITED - Client Account 34,982,770 1.83
8 BANGKOK INSURANCE PUBLIC COMPANY LIMITED 34,097,030 1.79
9 MORGAN STANLEY & CO. INTERNATIONAL PLC 28,578,529 1.50
10 STATE STREET BANK AND TRUST COMPANY 25,690,400 1.35
OTHERS 896,252,965 46.95
TOTAL PAID-UP CAPITAL 1,908,842,894 100.00

Information with respect to free-float

As of March 8, 2018 the free-float of the Bank, according to the Securities and Exchange Commission, was 97.83 percent.
Dividend Policy
(1) The Bank’s policy
The Bank will pay dividends to shareholders when it has profitable performance results, taking into consideration long-term
return for shareholders and the capital adequacy for the Bank’s business operations. The profit remaining after dividend
payment may be allocated as reserves for various purposes as deemed appropriate.
(2) Subsidiaries’ Policies
The Bank’s subsidiaries’ dividend policies depend on each company’s performance and dividend payments will be made
in accordance with the resolution of each company’s Board of Directors and the resolution of the shareholders’ meeting.
 Annual Report 2018 | Bangkok Bank Public Company Limited

3. Remuneration of the Board of Directors for 2018 and 2017

Unit: Baht
No. Directors Position 2018 2017

1 Mr. Chatri Sophonpanich/1 Chairman of the Board of Directors 4,860,000 9,900,000

2 Mr. Piti Sithi-Amnuai/2 Chairman of the Board of Directors 7,925,000 6,380,000
3 Mr. Deja Tulananda/3 Chairman of the Board of Executive Directors 6,020,000 5,520,000
4 Admiral Prachet Siridej Independent Director and Chairman of 7,100,000 6,600,000
the Audit Committee
5 Mr. Kovit Poshyananda Independent Director and Chairman of 6,620,000 6,120,000
the Nomination and Remuneration Committee
6 Mr. Singh Tangtatswas Chairman of the Risk Management Committee and 6,620,000 6,120,000
Member of the Board of Executive Directors
7 Mr. Amorn Chandarasomboon Member of the Board of Executive Directors, 6,620,000 6,120,000
the Nomination and Remuneration Committee and
the Risk Management Committee
8 H.S.H. Prince Mongkolchaleam Independent Director and Member of 6,620,000 6,120,000
Yugala the Audit Committee
9 Mr. Phornthep Phornprapha Independent Director and Member of 6,620,000 6,120,000
the Nomination and Remuneration Committee
10 Mr. Charn Sophonpanich Member of the Risk Management Committee 6,620,000 6,120,000
11 Mrs. Gasinee Witoonchart Independent Director and Member of 6,620,000 6,120,000
206 the Audit Committee
12 Mr. Arun Chirachavala Independent Director and Member of 6,620,000 6,120,000
the Audit Committee
13 Mr. Pailin Chuchottaworn/4 Director - 3,220,000
14 Mr. Chokechai Niljianskul/5 Independent Director 6,020,000 4,140,000
15 Mr. Chartsiri Sophonpanich President and Member of the Board of 6,020,000 5,520,000
Executive Directors
16 Mr. Suvarn Thansathit Director and Senior Executive Vice President, 6,020,000 5,520,000
Member of the Board of Executive Directors and
the Risk Management Committee
17 Mr. Chansak Fuangfu Director and Senior Executive Vice President and 6,020,000 5,520,000
Member of the Board of Executive Directors
18 Mr. Charamporn Jotikasthira/5 Director and Member of the Board of 6,020,000 4,140,000
Executive Directors
19 Mr. Thaweelap Rittapirom Director and Executive Vice President and 6,020,000 5,520,000
Member of the Board of Executive Directors
As at December 31, 2018
Remarks : /1/2 Mr. Chatri Sophonpanich passed away on June 24, 2018
Mr. Piti Sithi-Amnuai was appointed to be Vice Chairman of the Board of Directors on March 23, 2017 and was appointed to be Chairman
/3 of the Board of Directors on October 25, 2018
Mr. Deja Tulananda, Vice Chairman of the Board of Executive Directors, was appointed to be Chairman of the Board of Executive Directors
/4 on March 23, 2017
/5 Mr. Pailin Chuchottaworn resigned from directorship of the Bank on July 31, 2017
Mr. Chokechai Niljianskul and Mr. Charamporn Jotikasthira were appointed to be Director on April 12, 2017
Remuneration in cash
1. The remuneration paid to the members of the Board of Directors, consisting of monthly remuneration and bonus, amounted to
Baht 114.99 million in 2018, for 18 persons, compared with Baht 110.94 million in 2017, for 19 persons.
2. The remuneration (consisting of salary, bonus and contribution to provident funds) paid to Senior Executive Vice Presidents
and upward, amounted to Baht 687.81 million in 2018, for 14 persons, compared with 541.24 million in 2017, for 13 persons.
3. The remuneration (consisting of salary, bonus and contribution to provident funds) paid to directors who are employees and
executives with management authority (Executive Vice Presidents and upward), as defined by the Financial Institution Act B.E.
2551, amounted to Baht 1,214.80 million in 2018, for 68 persons.
Other Remunerations
None
 Bangkok Bank Public Company Limited | Annual Report 2018

4. Change in Shareholdings of the Board of Directors/1 from Year End 2018 to Year End 2017
Unit: Shares
No. Directors As at End 2018 As at End 2017 Change

1 Mr. Chatri Sophonpanich/2 - 17,278,478 (17,278,478)

2 Mr. Piti Sithi-Amnuai 154,941 154,941 -
3 Mr. Deja Tulananda 96,650 96,650 -
4 Admiral Prachet Siridej - - -
5 Mr. Kovit Poshyananda - - -
6 Mr. Singh Tangtatswas - - -
7 Mr. Charn Sophonpanich 512,152 512,152 -
8 Mr. Amorn Chandarasomboon 10,800 10,800 -
9 H.S.H. Prince Mongkolchaleam Yugala 24,860 24,860 -
10 Mr. Phornthep Phornprapha - - -
11 Mrs. Gasinee Witoonchart - - -
12 Mr. Arun Chirachavala - - -
13 Mr. Charamporn Jotikasthira - - -
207
14 Mr. Chokechai Niljianskul 2,500 2,500 -
15 Mr. Chartsiri Sophonpanich 5,300,200 5,500,200 (200,000)
16 Mr. Suvarn Thansathit 8,860 8,860 -
17 Mr. Chansak Fuangfu - - -
18 Mr. Thaweelap Rittapirom - - -

Remarks : /1 Shareholdings of the Board of Directors include shares held by spouses and children who have not yet come of age
/2 Mr. Chatri Sophonpanich passed away on June 24, 2018
 Annual Report 2018 | Bangkok Bank Public Company Limited

5. Remuneration of Auditors
The auditor of Bangkok Bank is Deloitte Touche Tohmatsu Jaiyos Audit Co., Ltd. In 2018, the Bank and its subsidiaries engaged
Deloitte Touche Tohmatsu Jaiyos Audit Co., Ltd and audit firms in other countries that are affiliated with Deloitte Touche Tohmatsu
to provide audit services and other services and incurred the following expenses in connection therewith:
1. Audit Fees for 2018
The Bank and its subsidiaries engaged Deloitte Touche Tohmatsu Jaiyos Audit Co., Ltd to provide audit services and incurred
fees relating thereto amounting to Baht 16,689,500.00.
The Bank also incurred fees amounting to Baht 15,463,391.65 in the engagement of audit firms in other countries that are
affiliated with Deloitte Touche Tohmatsu to provide audit services for international branches.
2. Fees for other services for 2018
The Bank incurred fees for the engagement of Deloitte Touche Tohmatsu Jaiyos Audit Co., Ltd to provide services for
special regulatory reports required by the Bank of Thailand and special purpose audit engagement amounting to Baht
5,550,000.00 and a further amounting to Baht 1,155,000.00 to be paid in the future upon completion of the services
agreed upon.
Furthermore, the Bank also incurred fees for the engagement of audit firms in other countries that are affiliated with Deloitte
Touche Tohmatsu to provide services for special purpose audit engagement and engagements related to legal and
tax matters amounting to Baht 228,815.65 and a further amount of Baht 710,323.98 to be paid in the future upon completion
of the services agreed upon.
208
6. Information on Bonds as at December 31, 2018

Type of Bonds Interest Maturity Amount Credit Rating

Rates (Million) (Moody’s/S&P/Fitch Ratings)
Senior unsecured notes 4.800% October 18, 2020 USD 800 Baa1/BBB+/BBB+
Senior unsecured notes 3.875% September 27, 2022 USD 800 Baa1/BBB+/BBB+
Senior unsecured notes 5.000% October 3, 2023 USD 500 Baa1/BBB+/BBB+
Senior unsecured notes 4.050% March 19, 2024 USD 600 Baa1/BBB+/BBB+
Senior unsecured notes 4.450% September 19, 2028 USD 600 Baa1/BBB+/BBB+
Unsecured subordinated notes 9.025% March 15, 2029 USD 449.825 Baa3/BBB/BBB
 Bangkok Bank Public Company Limited | Annual Report 2018

7. Bangkok Bank Public Company Limited Investment in Companies at 10% or more of Paid-up Capital
as at December 31, 2018

No. Company Type of Type of No. of % of Company’s

Business Shares Shares Held Paid-up Capital
1 BANGKOK BANK BERHAD BANK ORDINARY 1,000,000,000 100.00
1-45-01 Menara Bangkok Bank Laman Sentral Berjaya
No.105, Jalan Ampang 50450, Kuala Lumpur, Malaysia
Tel. (60) 32-174-6888 Fax. (60) 32-174-6800
2 BBL (CAYMAN) LIMITED INVESTMENT ORDINARY 100,000 100.00
25 Main Street COMPANY
George Town, P.O. Box 694
Grand Cayman, KY1-1107, Cayman Islands
Tel. 1(345) 949-8066 Fax. 1(345) 949-8080
3 BANGKOK BANK (CHINA) CO., LTD/1 BANK - - 100.00
Bangkok Bank Building, 2/F (Zone B&C), 3/F, 4/F
No. 7, Zhongshan East-1 Road, Huangpu District,
Shanghai 200002, The People’s Republic of China
Tel. (86-21) 2329-0100 Fax. (86-21) 2329-0168
4 SINNSUPTAWEE ASSET MANAGEMENT CO., LTD. ASSET ORDINARY 24,999,997 100.00
323 United Center Building, 30th Floor, MANAGEMENT
Silom Road, Bangrak, Bangkok 10500
Tel. 0-2635-5001-3 Fax. 0-2635-5004
5 BUALUANG VENTURES LIMITED VENTURE CAPITAL ORDINARY 199,999,997 100.00
173/10 South Sathorn Road, Thungmahamek, 209
Sathorn, Bangkok 10120
Tel. 0-2011-8730 Fax. 0-2058-9807
6 BUALUANG SECURITIES PUBLIC COMPANY LIMITED SECURITIES ORDINARY 1,079,990,920 99.91
191 Silom Complex Office Building, 10th, 12th, 19th, 23rd, BUSINESS
29th-32nd Floor, Silom Road, Silom,
Bangrak, Bangkok 10500
Tel. 0-2618-1000, 0-2231-3777
Fax. 0-2231-3951, 0-2618-1001
7 BBL ASSET MANAGEMENT CO., LTD. ASSET ORDINARY 749,996 75.00
175 Sathorn City Tower, 7th 21st and 26th Floors, MANAGEMENT
South Sathorn Road, Thungmahamek,
Sathorn, Bangkok 10120
Tel. 0-2674-6400 Fax. 0-2679-5995-6, 0-2679-6855
8 THAI PRECISION MANUFACTURING CO., LTD./2 MANUFACTURING ORDINARY 4,017,984 59.77
226 Moo 3, Thungsukhla, Sriracha, OF ELECTRONICS
Chonburi 20230 COMPONENTS
9 THAI PAYMENT NETWORK CO., LTD. LOCAL SWITCHING ORDINARY 5,240,000 68.08
173/19 Asia Centre Building, 18th Floor, CENTER AND
South Sathorn Road, Tungmahamek, SETTLEMENT
Sathorn, Bangkok 10120 SERVICE CENTER
Tel. 0-2017-9900 Fax. 0-2017-9929
10 BSL LEASING CO., LTD. LEASING AND ORDINARY 358,750 35.88
175 Sathorn City Tower, 19th Floor, South Sathorn Road, HIRE PURCHASE
Thungmahamek, Sathorn, Bangkok 10120
Tel. 0-2670-4700 Fax. 0-2679-6160
11 PROCESSING CENTER CO., LTD. COMPUTER ORDINARY 149,985 30.00
319 Chamchuri Square Building, 25th Floor, Unit 9 -12, SERVICES
Phayathai Road, Pathumwan,
Pathumwan, Bangkok 10330
Tel. 0-2029-0290 Fax. 0-2029-0291
 Annual Report 2018 | Bangkok Bank Public Company Limited

No. Company Type of Type of No. of % of Company’s

Business Shares Shares Held Paid-up Capital
12 HIGH PRESSURE STEEL PIPE INDUSTRY CO., LTD./2 STEEL PIPE ORDINARY 95,603 19.12
36/4 Moo 2, Soi Wat Mahawong, MANUFACTURER
Poochao Samingphrai Road
Samrong, Phra Pradaeng, Samutprakan 10130
13 NATIONAL ITMX CO., LTD. ELECTRONIC ORDINARY 69,221 13.84
5/13 Moo 3, Chaengwattana Rd., Khlongkluea TRANSACTIONS
Pakkret, Nonthaburi 11120 BETWEEN FINANCIAL
Tel. 0-2558-7555 Fax. 0-2558-7566 INSTITUTES
14 ALPHATEC ELECTRONICS PCL./3 ELECTRONIC ORDINARY 326 12.34
179/74-80 Bangkok City Tower 15th Floor , COMPONENTS
South Sathorn Road, Thungmahamek,
Sathorn, Bangkok 10120
Tel. 0-2210-0593-6 Fax. 0-2210-0597
15 SEACON DEVELOPMENT PCL. RENTAL BUILDING ORDINARY 574,000 10.00
55 Srinakarin Road, Nongbon,
Prawet, Bangkok 10250
Tel. 0-2721-8888 Fax. 0-2721-8976
16 TOYOTA LEASING (THAILAND) CO., LTD. LEASING ORDINARY 5,140,000 10.00
990 Abdulrahim Place, 18th-19th Floor, Rama IV Road,
Silom, Bangrak, Bangkok 10500
Tel. 0-2634-6400, 0-2634-6391 Fax. 0-2636-1380
17 THAI NAMSIRI INTERTEX CO., LTD. TEXTILES ORDINARY 1,000,000 10.00
44 Srijulsup Tower, 17th Floor, Rama 1 Road,
210 Rongmuang, Pathumwan, Bangkok 10330
Tel. 0-2613-7429 Fax. 0-2613-7422
18 THANATHEP PRINTING CO., LTD. PRINTING ORDINARY 30,000 10.00
1017/5 Pracha Phathana Road, Thap Yao,
Lat Krabang, Bangkok 10520
Tel. 0-2360-7914-7 Fax. 0-2360-7918
19 THAI OBAYASHI CORP., LTD. CONSTRUCTION ORDINARY 2,000 10.00
161 Ratchadamri Road, Lumpinee
Pathumwan, Bangkok 10330
Tel. 0-2252-5200 Fax. 0-2252-5381
20 BANGKOK MITSUBISHI UFJ LEASE CO., LTD. LEASING ORDINARY 60,000 10.00
Asia Centre Tower, 26th Floor,
173/35 South Sathorn Road, Thungmahamek,
Sathorn, Bangkok 10120
Tel. 0-2163-6400 Fax. 0-2163-6411, 0-2163-6422
21 BANGKOK MUFG LTD. CONSULTING AND ORDINARY 200,000 10.00
898 Ploenchit Tower, 9th Floor, Zone B1, INVESTMENT
Khwaeng Lumpini, Khet Pathumwan, Bangkok 10330
Tel. 0-2263-0856 Fax. 0-2263-0860
22 BANGKOK SMBC CONSULTING CO., LTD. SERVICE ORDINARY 2,000 10.00
No.1 Q.House Lumpini Building, 16th Floor, CONSULTING
South Sathorn Road, Tungmahamek,
Sathorn, Bangkok 10120
Tel. 0-2677-7270-5 Fax. 0-2677-7279
23 BUMRUNGRAD INTERNATIONAL LTD./3 INVESTMENTS IN ORDINARY 4,593 10.00
33 Sukhumvit Soi 3 (Nana Nua), Sukhumvit Road, ANOTHER COMPANY
North Klongtaey, Wattana, Bangkok 10110 AND REGIONAL
Tel. 0-2066-8888, 0-2011-4956 Fax. 0-2011-5100 OPERATION OFFICE
(ON LIQUIDATION
PROCESS)
 Bangkok Bank Public Company Limited | Annual Report 2018

No. Company Type of Type of No. of % of Company’s

Business Shares Shares Held Paid-up Capital
24 UNITED SILO & SERVICES CO., LTD. SERVICES ORDINARY 200,000 10.00
177, 9th Floor, Rajawongse Road,
Chakrawad, Samphanthawong, Bangkok 10100
Tel. 0-2225-0200 Fax. 0-2224-5670
25 ASIA INSURANCE (PHILIPPINES) CORPORATION NON-LIFE ORDINARY 350,000 10.00
15th Floor, Tytana Plaza Building, Plaza Lorenzo Ruiz, INSURANCE
Binondo, Manila, Philippines
Tel. (632) 241-5201 Fax. (632) 243-3216
26 ASIA LAMP INDUSTRY CO., LTD. ELECTRIC BULB ORDINARY 700,000 10.00
199 Moo 2, Putharaksa Rd., Taiban District, MANUFACTURER
Ampher Muang, Samuthprakarn 10280
Tel. 0-2702-9467-8 Fax. 0-2702-9470
27 ASPAC CO., LTD. IMPORT, ORDINARY 26,000 10.00
717 Sukhumvit 55 (Soi Thonglor), Sukhumvit Road, EXPORT-CHEMICALS
Khlong Tan Nuea, Watthana, Bangkok 10110
Tel. 0-2185-1375-80 Fax. 0-2185-1395
28 U M C METALS LTD. STEEL ORDINARY 14,500,000 10.00
32/40 Sino-Thai Tower, 16th Floor, Sukhumvit 21 Road MANUFACTURER
(Asoke), North Klongtoey, Khet Wattana, Bangkok 10110
Tel. 0-2259-2942-5 Fax. 0-2259-2946
29 WONGPAITOON GROUP PCL./2 EXPORTER AND ORDINARY 86,826,816 10.00
686 Ekkachai Road, Bangbon, MANUFACTURER OF
Bangkok 10150 SPORTS PRODUCTS
30 BANGKOK SMARTCARD SYSTEM CO., LTD. E-MONEY ORDINARY 400,000 10.00 211
21 TST Tower, 19/F and 24/F, Viphavadi-Rangsit Road, BUSINESS
Chomphon, Chatuchak, Bangkok 10900
Tel. 0-2617-8338 Fax. 0-2617-8339
31 FUCHS CAPITAL PARTNERS PTE. LTD. ALTERNATIVE CLASS B 400,000 10.00
112 Robinson Road, #14-04, INVESTMENT SHARES
Singapore 068902 MANAGEMENT
Tel. (65) 6576-5555 Fax. (65) 6576-5592 COMPANY
32 BANGKOK CONSULTING PARTNERS CO., LTD. BUSINESS ORDINARY 200 10.00
942/43 Charn Issara Tower, 1st Floor, Rama 4 Road, CONSULTING
Suriyawongse, Bangrak, Bangkok 10500
Tel. 0-2632-9179 Fax. 0-2632-9354-5
33 QUALITY INN CO., LTD. HOTEL & ORDINARY 200,000 10.00
137/10 Sukhumvit 9 (Soi Ruanchit), Sukhumvit Road, RESTAURANT
North Klongtaey, Wattana, Bangkok 10110
Tel. 0-2255-4661-4 Fax. 0-2255-4660
34 BSS HOLDINGS CO., LTD. HOLDING ORDINARY 1,200,000 10.00
21 TST Tower, 19th Floor, Soi Choei Phuang, COMPANY
Viphavadi-Rangsit Road,
Chomphon, Chatuchak, Bangkok 10900
Tel. 0-2617-8338 Fax. 0-2617-8339
35 PERENNIAL HC HOLDINGS PTE. LTD. REAL ESTATE ORDINARY 13,836,500 10.00
8 Shenton Way, #36-01, AXA Tower, DEVELOPMENT
Singapore 068811
Tel. (65) 6602-6800 Fax. (65) 6602-6801
36 SIAM SOLAR GENERATION CO., LTD. SOLAR FARM ORDINARY 1,111,111 10.00
89 Moo 11, Ban Tan District,
Ampher Bamnet Narong, Chaiyaphum 36220 
Remarks : /1 No number of shares to be registered according to company law.
/2 Bankrupted
/3 The company has ceased its operation and is in the liquidation process.
 Annual Report 2018 | Bangkok Bank Public Company Limited

+ LIST OF BRANCHES

HEAD OFFICE
333 Silom Road, Silom, Bang Rak, Bangkok 10500, Thailand Bualuang Phone 0-2645-5555 or 1333
Tel. 0-2231-4333 Credit Card Division 0-2638-4000
www.bangkokbank.com

OVERSEAS BRANCHES
HONG KONG Tel. (85-2) 2801-6688 Fax. (85-2) 2810-5679 Mr. Sitthichai Jiwattanakul
CENTRAL DISTRICT BRANCH Swift: BKKBHKHH SVP & General Manager
Bangkok Bank Building - Hong Kong Branch
28 Des Voeux Road, Central
KOWLOON SUB - BRANCH Tel. (85-2) 2300-1888 Fax. (85-2) 2780-5896
Bangkok Bank Building
490-492 Nathan Road, Kowloon
INDONESIA Tel. (62-21) 231-1008 Fax. (62-21) 385-3881, Mr. Chalit Tayjasanant
JAKARTA BRANCH 231-0070 EVP & General Manager
Jalan M.H. Thamrin No.3 Swift: BKKBIDJA - Jakarta Branch
Jakarta 10110
(P.O. Box 4165, Jakarta 11041, Indonesia)
212 SURABAYA SUB - BRANCH
Jl.Raya Darmo No.73
Tel. (62-31) 566-2333 Fax. (62-31) 568-3338 Mr. Zainal Karnadi
Branch Manager
Surabaya 60265 - Surabaya Sub-Branch
MEDAN SUB - BRANCH Tel. (62-61) 8001-0700 Fax. (62-61) 8001-0703 Mr. Hartono
B & G Tower Ground Floor Branch Manager
Jalan Putri Hijau No.10 - Medan Sub-Branch
Medan 20111
JAPAN Tel. (81-3) 3503-3333 Fax. (81-3) 3502-6420 Mr. Thawee Phuangketkeow
TOKYO BRANCH Swift: BKKBJPJT SVP & General Manager
Bangkok Bank Building - Japan Branch
8-10, Nishi - Shimbashi Mr. Mitsugu Yamamoto
2-Chome, Minato - ku, Tokyo 105-0003 VP & Branch Manager - Tokyo Branch
OSAKA BRANCH Tel. (81-6) 6263-7100 Fax. (81-6) 6263-6286 Mr. Varot Samakoses
Bangkok Bank Building Swift: BKKBJPJTOSA VP & Branch Manager
9-16, Kyutaromachi, 1-Chome - Osaka Branch
Chuo-Ku, Osaka 541-0056
LAO PEOPLE’S DEMOCRATIC REPUBLIC Tel. (856-21) 213-560, Fax. (856-21) 213-561 Mrs. Chadaphorn Uratchat
VIENTIANE BRANCH 213-562 Swift: BKKBLALA AVP & Branch Manager
Unit 12 Samsenthai Road, Xieng Nguen Village - Vientiane Branch
Chanthabouly District, Vientiane Capital
PAKSE BRANCH Tel. (856-31) 257-252, Fax. (856-31) 257-255 Mr. Somchoke Worakunpisit
3 Sala Keiw - Dongjong 257-253 SVP & Branch Manager
Phonsavanh Village, Pakse District - Pakse Branch
Champasak Province
THE REPUBLIC OF THE UNION OF MYANMAR Tel. (95-1) 558-022, Fax. (95-1) 2331-456 Mr. Kanet Buranasin
YANGON BRANCH 554-890 Swift: BKKBMMMY SVP & Branch Manager
5 Kaba Aye Pagoda Road - Yangon Branch
Yankin Township, Yangon
REPUBLIC OF THE PHILIPPINES Tel. (63-2) 752-0333 Fax. (63-2) 752-0877, Ms. Nattika Kanpawong
MANILA BRANCH 403-7879 VP & Branch Manager
10th Floor, Tower 2, The Enterprise Center Swift: BKKBPHMM - Manila Branch
6766 Ayala Avenue, Makati City 1200, Metro Manila
 Bangkok Bank Public Company Limited | Annual Report 2018

OVERSEAS BRANCHES
REPUBLIC OF SINGAPORE Tel. (65) 6410-0400 Fax. (65) 6225-5852 Mr. Charoenlarp Thammanichanond
SINGAPORE BRANCH Swift: BKKBSGSG SVP & General Manager
Bangkok Bank Building - Singapore Branch
180 Cecil Street, Singapore 069546
(P.O. Box 941, Robinson Road Singapore 901841)
TAIWAN Tel. (886-2) 2507-3275 Fax. (886-2) 2506-4625 Mr. Chokechai Puapattanakajorn
TAIPEI BRANCH Swift: BKKBTWTP SVP & General Manager-Taiwan
121, Sung Chiang Road Mr. Yang Yen-Fu (Sam)
Taipei 10485 VP & Branch Manager
(P.O. Box 22419, Taipei, Taiwan) - Taipei Branch
KAOHSIUNG SUB - BRANCH Tel. (886-7) 271-0000 Fax. (886-7) 271-3730, Mr. Leu Chin-Chi (Charles)
1st Floor, Asia Pacific Commercial Building 271-3731 SVP & Branch Manager
63 Wu Fu 3rd Road, Kaohsiung 80148 Swift: BKKBTWTP - Kaohsiung Sub-Branch
TAICHUNG SUB - BRANCH Tel. (886-4) 2326-9623 Fax. (886-4) 2323-3685 Mr. Tu Ming Chung (David)
1st Floor, No.309 SVP & Branch Manager
Sec.2 Taiwan Boulevard - Taichung Sub-Branch
Taichung 403, Taiwan
UNITED KINGDOM Tel. (44-20) 7929-4422 Fax. (44-20) 7283-3988 Mr. Peeriyathep Homhuan
LONDON BRANCH Swift: BKKBGB2L SVP & Branch Manager
Exchequer Court - London Branch
33 St. Mary Axe
London, EC3A 8BY
UNITED STATES OF AMERICA Tel. (1-212) 422-8200 Fax. (1-212) 422-0728 Mr. Thitipong Prasertsilp
NEW YORK BRANCH Swift: BKKBUS33 VP & Branch Manager
29 Broadway, 19th Floor - New York Branch
New York, NY 10006 213
THE SOCIALIST REPUBLIC OF VIETNAM Tel. (84-28) 3821-4396-8 Fax. (84-28) 3821-3772 Mr. Tharabodee Serng-Adichaiwit
HO CHI MINH CITY BRANCH Swift: BKKBVNVX SVP & General Manager - Vietnam
Harbour View Tower and Branch Manager
35 Nguyen Hue Street - Ho Chi Minh City Branch
District 1, Ho Chi Minh City
HANOI BRANCH Tel. (84-24) 3936-5903-8 Fax. (84-24) 3826-7397, Ms. Siriporn Kunwedsuwan
Unit 3, Level 3, International Center Building 3936-5913 VP & Branch Manager
17 Ngo Quyen Street, Hoan Kiem District, Hanoi Swift: BKKBVNVXHAN - Hanoi Branch
KINGDOM OF CAMBODIA Tel. (855) 23-224 404-9 Fax. (855) 23-224-429 Ms. Yiamsri Ubonpong
CAMBODIA BRANCH Swift: BKKBKHPP AVP & Branch Manager
344 (1st & 2nd Floors), Mao Tse Toung Boulevard - Cambodia Branch
Sangkat Toul Svay Prey I
Khan Chamkarmon, Phnom Penh
CAYMAN ISLANDS Tel. (1-345) 914-9421 Fax. (1-345) 949-0626
CAYMAN ISLANDS BRANCH
25 Main Street
George Town, P.O. Box 694
Grand Cayman, KY1-1107, Cayman Islands

BANGKOK BANK (CHINA) COMPANY LIMITED

(WHOLLY-OWNED SUBSIDIARY)
PEOPLE’S REPUBLIC OF CHINA Tel. (86-21) 2329-0100 Fax. (86-21) 2329-0168 Mr. Suwatchai Songwanich
HEAD OFFICE Swift: BKKBCNSH Chief Executive Officer
Bangkok Bank Building
No.7, Zhongshan East -1 Road
Shanghai 200002
SHANGHAI BRANCH Tel. (86-21) 2329-0100 Fax. (86-21) 2329-0101 Ms. Supamard Yu
Bangkok Bank Building Swift: BKKBCNSHSHA Branch Manager
No.7, Zhongshan East -1 Road - Shanghai Branch
Shanghai 200002
 Annual Report 2018 | Bangkok Bank Public Company Limited

BANGKOK BANK (CHINA) COMPANY LIMITED

(WHOLLY-OWNED SUBSIDIARY)
SHANGHAI PILOT FREE TRADE ZONE Tel. (86-21) 2061-7900 Fax. (86-21) 2061-7901 Mr. Ho Ching-Ming (Jimmy)
SUB - BRANCH Sub-Branch Manager
Unit 101 A, 1st Floor, No.26, Jiafeng Road - Shanghai Pilot Free Trade Zone
Pudong New Area Sub-Branch
Shanghai, 200131
BEIJING BRANCH Tel. (86-10) 6569-0088 Fax. (86-10) 6569-0000 Ms. Song Yu (Sunny)
1st Floor, New China Insurance Tower (NCI Tower) Swift: BKKBCNSHPEK Acting Branch Manager
No.12A, Jianguomenwai Avenue - Beijing Branch
Chaoyang District, Beijing 100022
XIAMEN BRANCH Tel. (86-592) 297-9889 Fax. (86-592) 297-9890 Mr. Yan Shu Ming (Simon)
1st - 2nd Floor, Xiamen Top Plaza Swift: BKKBCNSHSMN Branch Manager
No.2 Zhenhai Road, Siming District - Xiamen Branch
Xiamen, Fujian 361001
SHENZHEN BRANCH Tel. (86-755) 3396-5800 Fax. (86-755) 3396-5840 Ms. Zhao Yi Shen (Alicia)
1st Floor, Unit 12, Hua Rong Building Swift: BKKBCNSHSZN Branch Manager
No.178 Mintian Road, Futian District - Shenzhen Branch
Shenzhen, Guangdong 518048
CHONGQING BRANCH Tel. (86-23) 6037-2300 Fax. (86-23) 6037-2343 Mr. Wu Chieh-Shan (Jason)
1st Floor (L104 & L105) and 38th Floor (Unit A) Swift: BKKBCNSHCQG Branch Manager
HNA Poly International Plaza - Chongqing Branch
No.235 Minsheng Road
Yuzhong District, Chongqing 400010

214 BANGKOK BANK BERHAD

(WHOLLY-OWNED SUBSIDIARY)
MALAYSIA Tel. (60-3) 2174-6888 Fax. (60-3) 2174-6800 Mr. Choo Joon Keong
HEAD OFFICE AND MAIN BRANCH Swift: BKKBMYKL Chief Executive Officer
1-45-01 Menara Bangkok Bank
Laman Sentral Berjaya
No.105 Jalan Ampang
50450 Kuala Lumpur
KUALA LUMPUR MAIN BRANCH Tel. (60-3) 2174-6919 Fax. (60-3) 2174-6860 Mr. Chong Soon Siew
GF-01, Menara Bangkok Bank Branch Manager
Laman Sentral Berjaya
No.105 Jalan Ampang
50450 Kuala Lumpur
JALAN BAKRI BRANCH Tel. (60-6) 953-1001 Fax. (60-6) 953-2229 Mr. Lim Wee Kiat
No.8, Taman Pesta Baru Branch Manager
Pusat Perniagaan Pesta Baru
Jalan Bakri, 84000 Muar, Johor Darul Ta’zim
PENANG AUTO-CITY BRANCH Tel. (60-4) 501-2388 Fax. (60-4) 508-8106 Mr. Chin Tai Kim
1815-A Jalan Perusahaan Branch Manager
Auto-City, North-South Highway
Juru Interchange
13600 Prai, Pulau Pinang
TAMAN MOLEK BRANCH Tel. (60-7) 353-3001 Fax. (60-7) 356-2001 Mr. Tee Liyong Hoch
No.1 & 3 Jalan Molek 1/30, Taman Molek Branch Manager
81100 Johor Bahru, Johor Darul Ta’zim
BANDAR BOTANIC KLANG BRANCH Tel. (60-3) 3325-2178 Fax. (60-3) 3325-2248 Mr. Chong Soon Siew
No.1 Jalan Kasuarina 2/KS07, Bandar Botanic Branch Manager
41200 Klang, Selangor Darul Ehsan
 Bangkok Bank Public Company Limited | Annual Report 2018

Bangkok Branches
Branch Telephone Facsimile Branch Telephone Facsimile
Abdulrahim 0-2636-0578-80 0-2636-0582 Big C Onnut 0-2740-3801-2 0-2740-3803
AIA Capital Center 0-2248-1423-6 0-2248-1427 Big C Petchkasem 0-2421-3589-90 0-2421-3587
(Ratchadapisek Road) Big C Petchkasem 2 0-2807-5193-4 0-2807-5191
All Seasons Place 0-2685-3851-2 0-2685-3853 Big C Prachauthit 90 0-2463-6827-8, 0-2463-6708 0-2463-6709
Amorini 0-2540-3401-3 0-2540-3404 Big C Rama 2 0-2453-1824-5 0-2453-1826
Amporn Sathan Palace 0-2126-6991-4 0-2126-6695 Big C Rama 2 (2) 0-2451-4238-9, 0-2451-4260 0-2451-4262
Asok-Din Daeng 0-2246-1610-3, 0-2247-9232 0-2246-0104 Big C Rama 4 0-2204-1926-7 0-2204-1928
Asokemontri Road 0-2260-0545-8 0-2260-0549 Big C Ram-In Thra 0-2971-7881-2 0-2971-7880
Avani Riverside 0-2469-8172-4 0-2469-8175 Big C Ramkhamhaeng 0-2735-2175, 0-2735-2178, 0-2735-2626
Bang Bon 0-2416-2010, 0-2415-3081 0-2416-2009 0-2735-2609
Bang Chak 0-2311-3851-2, 0-2311-7804, 0-2311-7501 Big C Ratchadamri 0-2250-4714-5 0-2250-4716
0-2331-9684 Big C Ratchadaphiseak 0-2642-2372-3 0-2642-2370
Bang Kapi 0-2653-1011-23, 0-2251-5148 0-2251-5149 Big C Saimai 0-2536-0972-4 0-2536-0969
Bang Khae 0-2413-1701-5 0-2454-2389 Big C Saphankwai 0-2616-7214-5 0-2616-7216
Bang Khen 0-2579-1146-8 0-2579-1149 Big C Sukaphiban 3 0-2916-3720-1 0-2916-3722
Bang Khun Non 0-2423-0471, 0-2435-8776, 0-2423-0470 Big C Sukhaphiban 5 0-2153-1627-9 0-2153-1630
0-2424-2203
Big C Suwintawong 0-2906-4651, 0-2906-4657 0-2906-4484
Bang Khun Thian 0-2468-6660-3, 0-2875-5503 0-2468-4879
Big C Udomsuk 0-2328-2143-5 0-2328-2146
Bang Lamphu 0-2281-4118, 0-2282-5682, 0-2280-1839
0-2281-4134 Boonthavorn Kaset-Navamin 0-2943-9101-3, 0-2943-9109 0-2943-9110 215
Bang Na 0-2361-8444-8, 0-2361-8437-8 0-2361-8453-4 Bukkhalo 0-2468-0123-5, 0-2468-4971-3, 0-2468-6670
0-2468-3485
Bang Phlat 0-2423-0820-1, 0-2435-8777 0-2423-0822
Bumrungrad International 0-2254-6505-6, 0-2667-1219 0-2254-6507
Bang Pho 0-2585-7357-8, 0-2585-7746 0-2587-4923 Hospital
Bang Rak 0-2630-9273-5, 0-2630-9277 0-2630-9276 C.P. Tower 0-2236-8595-8 0-2236-8599
Bang Sue 0-2585-5301, 0-2585-7450-2 0-2585-5250 Central Bangna 0-2361-7946-7 0-2361-7948
Bang Yi Khan 0-2424-7921-3, 0-2424-6243 0-2433-2698 Central Bangna 2 0-2399-1519-21 0-2399-1523
Bangkok Hospital 0-2718-1551-2 0-2718-1553 Central Chidlom 0-2254-9121, 0-2254-9123, 0-2254-9124
Bangkok Airport 0-2535-3657-8, 0-2532-1436 0-2504-2691 0-2655-7833
Bangkok Insurance / 0-2679-1752-3 0-2679-1754 Central Embassy 0-2160-5758-63         0-2160-5764   
Y.W.C.A. Central Festival East Ville 0-2553-6124-7 0-2553-6128
Bangkok Noi 0-2411-0101-4 0-2412-2282 Central Ladprao 0-2541-1539-41 0-2541-1538
Bangkok Tower 0-2308-0071-3 0-2308-0075 Central Ladprao 2 0-2541-1691-3 0-2541-1695
Bangkokthonburi University 0-2431-5643-5 0-2431-5004 Central Pinklao 2 0-2884-7471-3, 0-2884-7605 0-2884-7604
Belle Grand Rama 9 0-2168-1216-9 0-2168-1220 Central Rama 3 (2) 0-2164-0020-3 0-2164-0024
Big C Bang Na 0-2393-0894-5 0-2393-0878 Central Rama 9 0-2160-3829-31 0-2160-3833
Big C Bangbon 0-2898-2271-3 0-2898-2274 Central Rama II 0-2872-4001-2 0-2872-4003
Big C Bangpakok 0-2872-0241-2 0-2872-0243 Central Ramindra 0-2970-6530-3 0-2970-6534
Big C Downkanong 0-2876-2627-9 0-2876-2630 Central World 0-2646-1575-8 0-2646-1579
Big C Itsaraphap 0-2466-5817-8 0-2466-5819 Chalaem Nimit 0-2688-5146-50 0-2688-5167
Big C Kallapapruek 0-2416-5913-4, 0-2416-5921 0-2416-5922 Chamchuri Square 0-2160-5091-4 0-2160-5095
Big C Keha Romklao 0-2329-9602, 0-2329-9700, 0-2329-9276 Chan Road 0-2674-7585, 0-2213-2749 0-2212-5871
0-2329-9988
Chan Road Saphan 5 0-2678-3150-5, 0-2678-3882 0-2287-4650
Big C Khubon 0-2509-7611-3 0-2509-7614
Charansanitwong Soi 13 0-2410-2022, 0-2410-2024-5, 0-2410-2028
Big C Ladprao 2 0-2938-6434-5 0-2938-6437 0-2410-2027
 Annual Report 2018 | Bangkok Bank Public Company Limited

Bangkok Branches
Branch Telephone Facsimile Branch Telephone Facsimile
Charansanitwong Soi 70/2 0-2434-6662-4 0-2434-6665 Khlongtoey 0-2258-2835, 0-2258-2829 0-2258-2831
Charoen Phat 0-2465-5042, 0-2465-0695 0-2465-5044 King Mongkut’s University of 0-2587-4392-3 0-2587-4394
Technology North Bangkok
Charoen Phon 0-2214-1431, 0-2214-3281 0-2214-4417
King Mongkut’s University of 0-2427-8675-7, 0-2427-2948 0-2427-8678
China World 0-2222-8674-5, 0-2222-8677 0-2222-8678 Technology Thonburi
Chokchai 4 Latphrao 0-2530-5340-4, 0-2931-4712 0-2530-5344 Klongthom 0-2221-8394-6 0-2221-8398
Chulalongkorn Hospital 0-2251-9761-3 0-2251-9765 Kluai Nam Thai 0-2391-1058, 0-2392-2581, 0-2391-1963
Citi Resort (Sukhumvit 39) 0-2259-0197-8 0-2259-0199 0-2392-2824
Crystal Design Center 0-2102-2490-2 0-2102-2494 Ko Pho Office 0-2281-5744, 0-2280-4040 0-2281-5965
CW Tower 0-2168-3070-3 0-2168-3074 Lak Si 0-2521-3145-6, 0-2521-2761, 0-2521-3148
0-2521-3148, 0-2521-5282
Din Daeng Road 0-2245-3521-3, 0-2245-3858 0-2245-2800
Lak Si Plaza 0-2576-1286-9 0-2576-1290
Don Muang Airport 0-2504-3307-9 0-2504-3310
Terminal 2 Lat Pla Khao Road 0-2940-3744-5 0-2940-3489
Ekkamai 0-2714-3100-18, 0-2714-3098, 0-2714-3096 Latkrabang 0-2326-9950-3 0-2326-9954
0-2391-9276 Latkrabang Industrial Estate 0-2326-1261-4 0-2326-1265
Empire Tower 0-2670-2544-6 0-2670-2548 Latphrao 0-2511-4051-5, 0-2513-1405, 0-2511-3138
Emporium 0-2664-9291-3 0-2664-9294 0-2511-1304
Energy Complex 0-2537-0358-61 0-2537-0362 Latphrao 101 0-2187-0046-7 0-2187-0048
Esplanade 0-2354-2075-7 0-2354-2079 Latphrao Road 44 0-2512-1882-3 0-2512-1884
216 Exchange Tower
Sukhumvit Road
0-2260-4471-4 0-2260-4475 Latphrao Road Soi 99 0-2514-2772, 0-2539-7518,
0-2514-1434, 0-2514-0773
0-2538-6250

Faculty of Dentistry 0-2354-3720-2 0-2354-3724 Lumphini 0-2252-9365-6, 0-2252-8105 0-2254-7833

Mahidol University
M Tower 0-2016-3053-5 0-2016-3057
Fashion Island 0-2947-5245-7 0-2947-5248
Mahanak 0-2281-9964, 0-2281-9941, 0-2281-9963
Fortune Town 0-2642-0138-40 0-2642-0142 0-2628-0839-41
Fortune Town 2 0-2642-0070-1 0-2642-0072 Mahboonkrong 0-2611-8052-3 0-2611-8051
Future Mart Rama 3 0-2291-7908-10 0-2291-7906 Mahboonkrong 2 0-2611-4952-5 0-2611-4951
G Tower 0-2169-8235-7 0-2169-8239 Maleenont Tower 0-2661-2295-7 0-2661-2298
Hua Lamphong 0-2216-3074-7, 0-2216-6933, 0-2216-3139 Mengjai 0-2274-3551-2, 0-2274-3123 0-2274-3791
0-2216-6935-9
Metro West Town 0-2496-1882-5 0-2496-1886
Hua Mak 0-2314-1736-8, 0-2314-5777 0-2314-0788 (Kalapapruek)
Huai Khwang 0-2277-4651-2 0-2277-6348 Min Buri 0-2517-0117-9, 0-2517-0360 0-2517-0361
India Emporium 0-2224-0533-6 0-2224-0537 Mooban D.K. (Bangbon) 0-2417-7145-8 0-2417-7149
Indra Square 0-2251-5651-3 0-2251-5655 N Mark Plaza Bangkapi 0-2377-5466-9 0-2377-5404
Inthamara 0-2277-2551-2, 0-2277-0353 0-2277-0788 Nakniwat Road 0-2538-5087, 0-2538-5307, 0-2538-5629
Inthararak 0-2519-5306-8, 0-2519-3435 0-2519-5309 0-2538-5732, 0-2538-5015
J.J. Mall 0-2265-9529-32 0-2265-9533 Nana Nua 0-2253-4492, 0-2253-4498 0-2253-4494
Kasemkij Building Silom 0-2236-3983-5 0-2236-3987 National Institute of 0-2378-4201-3, 0-2378-0747 0-2378-0748
Development Administration
Kasemrad Hospital 0-2455-0421-3 0-2455-0424 New Phetchaburi Road 0-2314-1041-3, 0-2314-1324-5, 0-2319-3366
Bangkae 0-2314-4390
Kasetsart University 0-2579-9782, 0-2579-9851-3 0-2579-9785 Nong Chok 0-2543-1187, 0-2543-2488 0-2543-1188
Khao San Road 0-2281-2480-1 0-2281-2482
Nong Khaem 0-2431-2156-8 0-2431-1729
Khlong Chan 0-2377-6611, 0-2377-4667 0-2375-8898
Omni Ladprao 116 0-2530-1242-3, 0-2530-1267 0-2530-1248
Khlong San 0-2437-0216-9, 0-2439-5867-8 0-2438-7290
On Nut Soi 16 0-2331-3812, 0-2331-3819, 0-2331-3796
Khlongtan 0-2719-9125-9, 0-2314-3740 0-2314-4383 0-2331-3899
 Bangkok Bank Public Company Limited | Annual Report 2018

Bangkok Branches
Branch Telephone Facsimile Branch Telephone Facsimile
Oriental 0-2236-5651, 0-2630-6780-2, 0-2233-6394 Ratchada-Huai Khwang 0-2692-6900-4, 0-2276-0995 0-2276-0996
0-2266-8616 Road
Oriental 2 0-2233-9872-4 0-2233-9875 Ratchada-Latphrao Road 0-2512-1867-9, 0-2513-9724 0-2521-1870
Pak Khlong Talat 0-2226-4601-4, 0-2226-3884 0-2226-4600 Ratchathewi 0-2216-1550-8, 0-2216-1574-6 0-2216-1572
Pantip Plaza 0-2656-6146-8, 0-2656-6173 0-2656-6145 Ratchawat 0-2241-1550-5, 0-2241-1079, 0-2241-0717
0-2241-1648
Paradise Park 0-2787-2027-30 0-2787-2031
Ratchawithi 0-2241-0815, 0-2243-0775-8, 0-2243-4001
Pata Pinklao 0-2435-0192-4 0-2435-0195 0-2243-4000
Pearl Bangkok Tower 0-2029-1420-2 0-2029-1423 Ratchawong 0-2224-5489, 0-2224-5494, 0-2221-3172
Phahurat 0-2222-2843, 0-2222-5868 0-2225-6843 0-2224-6400
Phasi Charoen 0-2454-1679, 0-2454-1773, 0-2454-2742 Ratchayothin 0-2939-5682-3, 0-2939-5685-6 0-2939-5687
0-2454-1371 RMUTP (Thewet) 0-2280-0080-2 0-2280-0084
Phatthanakan Road 0-2321-7000-3, 0-2722-7221 0-2321-5872 Saint Louis Hospital 0-2211-1381-2, 0-2211-1384, 0-2211-1379
Phayathai Hospital 2 0-2278-3013, 0-2278-3963-4 0-2278-3046 0-2211-1378
Phetchakasem Soi 63/2 0-2421-3782, 0-2421-3785-6, 0-2421-3796 Sam Yaek Fai Chai 0-2411-1145, 0-2411-0444, 0-2411-3143
0-2421-3795 0-2866-6645-8, 0-2866-7660-1
Phlapphlachai 0-2221-4681, 0-2221-5265, 0-2222-2649 Sam Yot 0-2225-6716-7, 0-2223-1589-90, 0-2225-6845
Branch Office 0-2222-0321 0-2225-9273
Phloenchit Road 0-2253-6735, 0-2255-2413 0-2251-1649 Sampheng 0-2222-2141, 0-2224-2336, 0-2225-6842
0-2622-4776
Phra Khanong 0-2392-1984, 0-2391-2877 0-2381-2407
Saphan Khao 0-2281-3820, 0-2282-9627, 0-2281-0265
Phramongkutklao Hospital 0-2354-6108-9 0-2354-6110 0-2281-3811, 0-2628-2410-1 217
Platinum Pratunam 0-2121-9578-80, 0-2121-9582 0-2121-9581 Saphan Luang 0-2267-1022-5, 0-2266-7284-6 0-2266-7288
Plenary Mall Watcharaphol 0-2136-8070-2 0-2136-8074 Saphan Mai Donmuang 0-2521-0335, 0-2521-1593, 0-2552-1779
0-2521-2077, 0-2521-4371
Pracha Uthit Road, 0-2428-4001-2, 0-2872-6956 0-2428-2891
Ratburana Saphan Phan Fa 0-2281-5926, 0-2282-0010, 0-2280-1849,
0-2281-0944, 0-2281-5362 0-2281-5359
Prachachun Road 0-2589-9922-5, 0-2591-8006-7 0-2589-5995
Saphan Phra Pinklao 0-2434-0140-4 0-2423-0104
Pradiphat Road 0-2279-8060-7, 0-2279-0741 0-2271-4690
Sathon 0-2287-1141, 0-2285-5242-3, 0-2285-5265
Pratu Nam 0-2253-7823, 0-2253-9086, 0-2253-9009 0-2285-5240
0-2252-5183-5, 0-2254-7950
Sathu Pradit 0-2211-9591-3, 0-2211-7023-4, 0-2211-9165
PTT Raminthra Road 0-2362-4935-8 0-2362-4939 0-2211-8227
Rajamangala University of 0-2286-8210-1 0-2286-8212 Seacon Bangkae 0-2458-2966-8 0-2458-2970
Technology Krungthep
Seacon Square 0-2721-8642-50 0-2721-8651
Rama II Road Km. 7 0-2416-5571-5, 0-2416-0805-6 0-2416-5574
Seeyak Ratchawong 0-2224-7740-2 0-2224-7708
Rama IX Road 0-2247-9883-5, 0-2641-4044, 0-2248-4935
0-2247-9881, 0-2248-4937 Sena Nikhom 0-2513-9142-6 0-2513-2774
Ramintra 0-2521-2649-50, 0-2521-0349, 0-2521-2651 Shinawatra Tower 3 0-2949-2606-8 0-2949-2605
0-2552-5445 Si Phraya Road 0-2236-8715-6, 0-2236-2706-7, 0-2236-2591
Ramintra Road Km. 10 0-2918-0270-3 0-2918-0274 0-2236-2589
Ramkhamhaeng Road, 0-2377-0222, 0-2377-0228, 0-2377-0334 Si Yaek Bang Na 0-2396-1196-7, 0-2396-0742 0-2396-1195
Soi 28 0-2377-0235 Si Yan 0-2241-3191-4, 0-2241-2888, 0-2243-0999
Ramkhamhaeng University 0-2319-4007-9 0-2319-3991 0-2241-0125
Ramkhamhaeng University 2 0-2397-7216-9 0-2397-7220 Siam Makro 0-2864-6833-4 0-2864-6835
Charansanitwong
Ramkhamhaeng-Tepleela 0-2319-1710-3 0-2319-1714
Road Siam Makro Ladprao 0-2734-3362-3 0-2734-3361
Ratburana 0-2427-0130-2 0-2427-3769 Siam Makro Samsen 0-2636-9870-1, 0-2636-9873 0-2636-9872
Ratchada Road Si Yaek 0-2284-2893-4, 0-2294-2916, 0-2294-8762, Siam Makro Sathon 0-2676-4302-3 0-2676-4301
Sathu Pradit 0-2294-1252 0-2294-2926 Siam Paragon 0-2129-4318-22 0-2129-4323-5
 Annual Report 2018 | Bangkok Bank Public Company Limited

Bangkok Branches
Branch Telephone Facsimile Branch Telephone Facsimile
Siam Square 0-2252-1330-9, 0-2252-0519, 0-2254-7834, Talat Ploo 0-2466-1060-3, 0-2466-8478-9, 0-2466-8480
0-2251-8546 0-2252-3204 0-2465-6613
Siam Technology College 0-2411-2762-4 0-2411-2769 Taling Chan 0-2434-0461-2, 0-2435-3109-10 0-2435-3110
Siam University 0-2457-3756-8 0-2457-3766 Tanao Road 0-2225-6546, 0-2221-6309, 0-2221-7876
0-2221-8126-9, 0-2224-1317
Silom 0-2233-6080, 0-2635-8451, 0-2233-4953
0-2635-6614-6 Tesco Lotus Bang Kapi 0-2377-3095, 0-2377-3098-9 0-2377-3183
Silom Head Office 0-2230-1036, 0-2230-1649, 0-2230-2722 Tesco Lotus Bangkhae 0-2804-4781, 0-2804-4783-4 0-2804-4777
0-2230-1098, 0-2230-1940 Tesco Lotus Bangpakok 0-2872-1558-9 0-2872-1561
Silom Jewelry Trade Center 0-2630-0569, 0-2630-0576-7 0-2630-0579 Tesco Lotus Chaengwattana 0-2990-7528 0-2990-7529
Sindhorn Tower 0-2263-3510-2 0-2263-3514 Tesco Lotus 0-2434-7494-5 0-2434-7491
Siriraj Piyamaharajkarun 0-2411-4988-90 0-2411-3662 Charansanitwong
Hospital Tesco Lotus 0-2935-9791-2 0-2935-9790
Soi Ari 0-2279-2090-4, 0-2279-9860-3 0-2271-4583 Ekkamai-Raminthra
Soi Saint Louis 3 0-2307-8521-3 0-2307-8525 Tesco Lotus Ladprao 0-2930-9380-2 0-2930-9378
Somdech Phra Debaratana 0-2354-5338-40 0-2354-5342 Tesco Lotus Laksi 0-2521-4642-4 0-2521-4640
Building-Ramathibodi Tesco Lotus Minburi 0-2918-5641-2 0-2918-5646
Hospital
Tesco Lotus Nongjok 0-2548-3741-3 0-2548-3744
Song Prapha Road, 0-2929-9719-24 0-2929-9725
Donmuang Tesco Lotus Onnut 80 0-2322-3285-7 0-2322-3288
Srinakarinwiroj University 0-2261-6321-4 0-2261-6325 Tesco Lotus Pattanakarn 0-2320-1531-3 0-2320-1534
218 (Prasarnmit) Tesco Lotus Pracha Uthit 0-2426-0140-1 0-2426-0150
Sripatum University 0-2561-5605-8 0-2561-5211 Tesco Lotus Prachachuen 0-2910-6014-5 0-2910-6016
Suan Chatuchak 0-2272-4420, 0-2272-4422 0-2272-4421 Tesco Lotus Rama 1 0-2219-1956-7 0-2219-1958
Suan Dusit Rajabhat 0-2241-8314-5 0-2241-8316 Tesco Lotus Rama 2 0-2415-4810 0-2415-4503
University
Tesco Lotus Rama 3 0-2294-0622-3 0-2294-0624
Suan Phlu 0-2287-1561-5 0-2287-1567
Tesco Lotus Rama 4 0-2249-2745-7 0-2249-2758
Suan Sayam 0-2517-1364-6, 0-2517-8496 0-2517-1367
Tesco Lotus Ramintra 109 0-2175-3445-7 0-2175-3448
Suan Sunandha Rajabhat 0-2241-8289-90 0-2241-8291
University Tesco Lotus Sukhaphiban 1 0-2508-2663-4 0-2508-2665
Sukhaphiban 1 Road, 0-2948-5581-4, 0-2948-5231-2 0-2948-5585 Tesco Lotus Sukhaphiban 3 0-2916-5236-8 0-2916-5239
Raminthra Km. 8 Tesco Lotus Wanghin 0-2578-6070-1 0-2578-6072
Sukhaphiban 3 Road, 0-2728-0740-6 0-2372-0328 Tesco Lotus Watcharaphon 0-2945-6946-7 0-2945-6948
Bung Kum
Tesco Lotus Yaowaraj 0-2623-0972-3 0-2623-0974
Sukhumvit 103 (Udomsuk) 0-2393-0126-9 0-2393-0130
Tha Nam Siriraj 0-2418-1842-4 0-2418-1846
Sukhumvit 43 0-2662-4778-9, 0-2258-8847 0-2258-4727
Tha Phra 0-2457-0040-4, 0-2457-3194 0-2457-2176
Sukhumvit 71 0-2391-7016-8 0-2391-7020
Tha Tian 0-2221-7141-2, 0-2221-7821 0-2222-4647
Sukhumvit 77 (Prawet) 0-2328-6690-3 0-2328-6694
Thammasat University 0-2222-2481-2 0-2222-2483
Sukhumvit Soi 11 0-2255-3680-3 0-2255-3684 Tha Phrachan
Suksawat Road 0-2468-1504, 0-2460-1813, 0-2460-1814 The 9th Towers 0-2168-1400-2 0-2168-1404
0-2468-2724, 0-2877-1102-3
The Bright Rama 2 0-2453-2401-3 0-2453-2405
Sunthonkosa 0-2240-4071-3, 0-2240-4080, 0-2240-4074
0-2240-4085 The Circle Ratchapreuk 0-2863-8500-2 0-2863-8504
Suntowers 0-2273-8036-8 0-2273-8040 The Crystal 0-2515-0790-3 0-2515-0794
Surawong 0-2233-9760-9, 0-2234-4816 0-2234-5182 The Crystal 2 0-2102-2271-3 0-2102-2275
Tak Sin Road 0-2465-9001-5, 0-2890-5901-2 0-2466-3316 The Emquartier 0-2003-6500-5 0-2003-6506
The Government Complex A 0-2143-8975-8 0-2143-8979
Talardnoi 0-2234-9049, 0-2267-0275, 0-2234-9048
0-2234-9654, 0-2234-9046-7 The Government Complex B 0-2143-9610-4 0-2143-9615
 Bangkok Bank Public Company Limited | Annual Report 2018

Bangkok Branches
Branch Telephone Facsimile Branch Telephone Facsimile
The Jas Ramintra 0-2011-0639-42 0-2011-0643 University of The Thai 0-2692-0811, 0-2692-0833 0-2692-0710
Chamber of Commerce
The Mall 3 Ramkhamhaeng 0-2369-3604-5, 0-2369-3607 0-2396-3606
The Mall Bang Kapi 0-2734-1646 0-2734-1649 Uruphong 0-2215-0640-2, 0-2215-9628 0-2251-9631
The Mall Bang Kapi 2 0-2704-9160-2 0-2704-9163 Vanit Building 0-2254-2789, 0-2254-2773, 0-2254-2826
0-2253-4601, 0-2254-2620
The Mall Bang Khae 0-2454-9372-4 0-2454-9368
Vibhavadi Rangsit Road 0-2277-6396, 0-2275-6045 0-2277-6122
The Mall Tha Phra 0-2468-2789, 0-2468-8792, 0-2468-2768
0-2468-9692 Wireless Road, 0-2252-5371-4 0-2252-5370
All Seasons Place
The Paseo Park 0-2111-3875-8 0-2111-3879
(Kanchanapisek) Wong Sawang 0-2585-0350, 0-2585-5717, 0-2585-5717
0-2585-8858
The Paseo Town 0-2111-3072-4 0-2111-3076
(Sukhaphiban 3) Wongwian 22 Karakada 0-2223-2596, 0-2222-2848 0-2223-2597
The Scene Town in Town 0-2108-5800-2 0-2108-5804 Worachak 0-2221-7410, 0-2221-7887-9 0-2225-1688
The Up Rama 3 0-2116-5501-3 0-2116-5505 Yakult Building, Sanam Pao 0-2279-7421-4, 0-2279-7442-3 0-2279-7441
The Walk Kaset-Nawamin 0-2578-0106-8 0-2578-0109 Yannawa 0-2289-2561, 0-2289-0143, 0-2289-2563
0-2289-0114
Thonburi 0-2437-0220-3, 0-2473-8468, 0-2439-1220
0-2437-8471 Yaowarat 0-2225-4683-5, 0-2225-4675 0-2225-4676
Thong Lo Road 0-2381-2339-42 0-2381-7071 Yingcharoen Market 0-2552-7340-1, 0-2552-7364-5 0-2552-7386
TOT Chaeng Watthana 0-2575-3283-6 0-2575-3287 Yodpiman River Walk 0-2110-0801-3 0-2110-0805
U Center Chula 42 0-2216-2094-5 0-2216-2096 Zuellig House 0-2235-7090-3 0-2235-7094
219
Bangkok Business Centers
Business Center Telephone Facsimile Business Center Telephone Facsimile
Bang Kapi 0-2524-4979, 0-2391-9285, 0-2254-7830 Rama IX Road 0-2645-6700, 0-2645-2801, 0-2645-5601-2
0-2251-2940, 0-2251-2969 0-2645-2812-3, 0-2645-2815
Bang Khae 0-2804-6039-40 0-2804-6034 Raminthra 0-2971-9455-9, 0-2521-8927 0-2986-3500
Bang Lamphu 0-2282-4645, 0-2282-7410-1, 0-2281-4120 Rat Burana 0-2873-1194-5 0-2873-7042
0-2629-4770, 0-2629-2105
Ratchada-Latphrao Road 0-2938-2142 0-2938-9227-8
Bang Na 0-2361-8444-8 0-2744-3170
Ratchathewi 1 0-2216-1550-8 0-2612-1765
Bukkhalo 0-2877-9020 0-2878-2103
Ratchathewi 2 0-2129-3614-6, 0-2129-3625, 0-2658-4507
Chan Road 0-2673-3003, 0-2211-7409 0-2673-3004 0-2129-3105-6
Ekkamai 0-2714-4392-3, 0-2391-9285 0-2714-2822 Ratchawong 0-2622-5101-4, 0-2224-6401-4 0-2221-3143
Head Office 0-2230-1024, 0-2230-1785, 0-2626-4080, Sampheng 0-2622-9955, 0-2224-2383 0-2622-9956
0-2230-2920, 0-2230-1084 0-2626-4124
Saphan Phra Pinklao 0-2886-0204-5 0-2886-0647
Hua Lamphong 0-2216-6935-9 0-2216-7652
Sathu Pradit 0-2674-2911 0-2674-4960
Khlong Tan 0-2719-8389, 0-2314-1453 0-2719-8696
Silom 0-2233-6080-99 0-2635-6897
Latkrabang 0-2327-0922, 0-2327-0930 0-2327-0938
Soi Ari 0-2271-4580-1 0-2279-6528
Latphrao 0-2930-9301-8 0-2939-2620-1
Suan Sayam 0-2906-8357 0-2906-8359-60
Latphrao Road, Soi 99 0-2932-3884, 0-2935-0607 0-2935-0624-5
Tak Sin Road 0-2890-6505 0-2890-6512
Phlapphlachai 0-2623-2727 0-2623-2734,
0-2221-4418 Wong Sawang 0-2913-9155-7 0-2913-9158-9
Rama II Road, Km. 7 0-2417-2805-9 0-2840-1005 Worachak 0-2621-1745, 0-2621-2414-5 0-2225-1688
 Annual Report 2018 | Bangkok Bank Public Company Limited

Provincial Branches
Branch Telephone Facsimile Branch Telephone Facsimile
Amnat Charoen Chutturat 044-851123 044-851196
Amnat Charoen 045-511850-2 045-511854 Hayaek Nonhai 044-822205-7, 836022 044-822204
Big C Amnat Charoen 045-270203-5 045-270206 Kaeng Khro 044-882551-4 044-882555
Pathum Ratchawongsa 045-465052-3 045-465054 Nong Bua Daeng 044-872044-5 044-872829
Ang Thong Tesco Lotus Chaiyaphum 044-813410-3 044-813414
Ang Thong 035-611741-2, 611279 035-611278 Chanthaburi
Big C Ang Thong 035-851284-6 035-851287 Big C Chanthaburi 039-436471-4 039-436475
Wiset Chai Chan 035-631092, 631427, 631502 035-631091 Chanthaburi 039-311162, 346428-9 039-313225
Bueng Kan Khlung 039-441513, 366065 039-441514
Bueng Kan 042-492020-2 042-492023 Makham 039-389004-5 039-389003
Tesco Lotus Bueng Kan 042-492024-6 042-492028 Na Yai Am 039-371231 039-371234
Buri Ram Robinson Chanthaburi 039-328686-90 039-328689
Ban Kruat 044-679134-5 044-679133 Soi Dao 039-381512-5 039-381516
Big C Buriram 044-690268, 690349-50 044-690240 Tesco Lotus Chanthaburi 039-303467 039-303469
Buri Ram 044-612717 044-611500 Tha Chalaep Road 039-321780, 321768-9 039-321779
Burirum Rajabhat University 044-602201-3 044-602200 Tha Mai 039-431989 039-431431
Lam Plai Mat 044-661293-4 044-661494, Chiang Mai
623037
Ban Thawai 053-023620-2 053-023619
Nang Rong 044-631987, 631000 044-631988
220 Pa Kham 044-646079 044-654225
Big C Chiang Mai 053-850789 053-850793
Big C Chiang Mai 2 053-850716-7 053-850715
Robinson Buriram 044-600714-6 044-600717
Big C Hangdong 053-447837-8 053-447839
Satuk 044-681315-7 044-681047 Chiang Mai
Chachoengsao Big C Hangdong 2 053-442841-2 053-442843
Ban Pho 038-587255, 587251-3 038-587254 Bo Sang 053-338103-4 053-338094
Bang Khla 038-541500, 541700 038-541879
Boonthavorn Chiang Mai 053-142600-3 053-142599
Bang Nam Prieo 038-581271-2, 581278 038-581273-4
Central Airport Chiang Mai 053-283923-4 053-283925
Bang Pakong 038-531289, 531292 038-531291
Central Festival Chiang Mai 053-288584-6 053-288587
Big C Chachoengsao 038-536031-2 038-536033
Chaiprakarn Chiang Mai 053-457792-4 053-457795
Big C Chachoengsao 2 038-514992-3 038-514991
Chang Khlan Road 053-820787-91 053-282528
Chachoengsao 038-514982-7 038-514981
Chiangmai Rajabhat 053-231750-1 053-231752
Phanom Sarakham 038-551530, 551001 038-551602 University
Robinson Chachoengsao 038-564205-7 038-564208 Chom Thong 053-826599-601 053-341112
Suwintawong 038-593011-3 038-593014 Doi Saket 053-495996-7, 866331 053-495948
Tesco Lotus 038-553349-50 038-553348 Faculty of Associated 053-289326-9 053-289330
Phanom Sarakham Medical Sciences
Toyota Chachoengsao 038-130128-30 038-130131 Chiang Mai University
Wellgrow Industrial Estate 038-840731, 571822, 571833 038-571866 Fang 053-451431-5 053-451212
Chainat Hang Dong 053-441650-2 053-427085
Chainat 056-411769, 411758-9 056-412504 Hot 053-461035-6 053-461037
Han Kha 056-451113, 451115 056-451114 Kad Suan Kaew 053-895099-100, 225465-7 053-225464
Pho Nang Dam 056-413543-4, 413546 056-413545 Kuang Singh 053-224106, 408820-1 053-224105
Tesco Lotus Chainat 056-426847-9 056-426846 Mae Ai 053-459156-8 053-459148
Chaiyaphum Mae Jo 053-878261 053-878262
Big C Chaiyaphum 044-051234-5 044-051237 Mae Rim 053-297162-3 053-297286
Chaiyaphum 044-811222, 812058 044-811251 Mahjo University 053-499171-2, 499177-8 053-499173
 Bangkok Bank Public Company Limited | Annual Report 2018

Provincial Branches
Branch Telephone Facsimile Branch Telephone Facsimile
Muang Samut Road 053-876217-20, 233111 053-251161 Tesco Lotus Mae Chan 053-772394-5 053-772385
Nimmanahaeminda Road 053-289321-3 053-289324 Chiang Rai
Chiang Mai Tesco Lotus Maesai 053-734561-4 053-734565
Nong Hoi 053-801661-3 053-801665 Chon Buri
Pantip Plaza Chiang Mai 053-288026 053-288028 Amata City Industrial Estate 038-337656-8 038-337659
Pratu Chang Phuak 053-214333, 404920-7 053-213996 Amatanakorn Industrial 038-214615-7, 214528 038-214613-4
Pratu Chiang Mai 053-272462, 270124-6 053-272706 Estate
Promenada Chiang Mai 053-142605-7 053-142608 Ao Udom 038-352150, 352145-7 038-352149
Sa Moeng 053-487126-7 053-487127 Assumption Road, Siracha 038-339450-2 038-339453
San Kamphaeng 053-331470-1 053-331472 Atara Sriracha 038-313541-2, 313561-2 038-313563
San Pa Khoi 053-262666, 243121, 302520 053-246625 Ban Bung 038-443691-2, 444021-2 038-443712
San Pa Tong 053-311200, 311237-9 053-311236 Ban Kao Chonburi 038-451900-3 038-451904
Saraphi 053-322992, 321272-4 053-321415 Bang Lamung 038-222370-7 038-222376
Si Don Chai Road 053-208631-3 053-208635 Bang Phra, Si Racha 038-358246-7 038-358248
Si Nakhon Phing 053-251033-8 053-251040 Bang Pla Soi 038-285837 038-285842
Siam T.V. Chiangmai 053-275200-2 053-275203 Bangsan 038-386445-8 038-386449
Suthep Road 053-277444, 279822-6 053-277101 Big C Chonburi 038-192211-3 038-192214
Talad Mae Hia Chiang Mai 053-271834-5, 271837 053-271836 Big C Chonburi 2 038-387991-4 038-387995
Talad Mae Malai 053-471111-4 053-471461 Big C Pattaya 2 038-374840-2 038-374843
Talad Mee Chok 053-266526-30 053-266528 Big C Pattaya Klang 038-488290-2 038-488289 221
Talad Sansai Chiang Mai 053-380921, 380924 053-380923 Boonsamphan Pattaya 038-426793-4, 426750-1 038-426745
Tesco Lotus Fang 053-383091, 383098 053-383075 Boonthavorn Pattaya 038-429931, 429941, 429951, 038-429971
429961
Tesco Lotus Hang Dong 053-807546 053-807547 Borthong Chon Buri 038-211225-6, 211255 038-211256
Chiang Mai
Tesco Lotus Kumthieng 053-872771-3 053-872774 Central Festival 038-043161-4 038-043160
Chiang Mai Pattaya Beach
Tesco Lotus Ruam Choke 053-243596-8 053-243599 Central Pattaya 038-422070-3 038-422076
Chiang Mai Central Plaza Chonburi 038-053913-5 038-053916
Tesco Lotus San Sai 053-350555, 350500, 350516 053-350529 Chai Hat Pattaya 038-489104-6 038-489107
Tha Phae 053-282100-2 053-274734 Chon Buri 038-278400 038-278446
Chiang Rai Don Hua Lo, Chon Buri 038-453201-3 038-453205
Big C Chiang Rai 053-711644, 747058-9 053-717766 Jomtien Beach Second 038-232736-7, 232745, 232750 038-232751
Central Plaza Chiang Rai 053-179770-2 053-179773 Road Pattaya
Chiang Rai 053-711258, 714013 053-711256 Laem Chabang Sriracha 038-195865-8 038-195869
Chiang Saen, Chiang Rai 053-777571-3 053-777525 Leamchabang Port 038-401875-7, 401789 038-401790
Chiangrai Rajabhat 053-776281-4 053-776285 Muang Pattaya 038-427962, 410425-7 038-361609
University Noen Teng 038-271036-9 038-271035
Hayaek Phokhun Mengrai 053-718113-7 053-718116 Nong Mon 038-391121-3 038-391124
Mae Chan 053-711394-5, 771059 053-771058 North Pattaya 038-489067-70 038-489484
Mae Fah Luang University 053-912209-12 053-912213 Pan Thong 038-740072, 451185 038-451783
Mae Kha Chan 053-704411 053-704413 Phanat Nikhom 038-473342 038-461969
Mae Sai 053-731398, 732701-3 053-731399 Phra Tamnak Road 038-710562-3, 411586-7 038-710564
Mae Suai 053-656422, 786010 053-786012 Phrayasatja Road Chon Buri 038-467380-1 038-467382
Phan 053-721235-6 053-721233 Ratprasong Road 038-794837 038-794834
Talad Bandu Chiang Rai 053-151795-8 053-151799 Sattahip 038-437672, 437129 038-437480
Tesco Lotus Chiangkhong 053-791814-6 053-791809 Si Yaek Pakruam 038-337106-7 038-337110
 Annual Report 2018 | Bangkok Bank Public Company Limited

Provincial Branches
Branch Telephone Facsimile Branch Telephone Facsimile
Siam Country Club 038-405196-9 038-405188 Salokbat 055-771432-3 055-771488
Siam Makro Chonburi 038-288516-8 038-288517 Tha Makhua 055-724490-2 055-724493
Siracha 038-322767-8 038-311917 Kanchanaburi
Soi Buakhao Pattaya 038-410394-7 038-410398 Boploy New Krungthai 034-581494-7 034-581498
Soi Noen Plub Whan 038-041184-6 038-041182 Kanchanaburi 034-512710-1 034-511111
Sriracha 2 038-101604-7 038-101608 Robinson Kanchanaburi 034-603315-8 034-603319
Suan Utsahakam 038-408914, 481526-8 038-480913 Tesco Lotus Tha Muang 034-612895-7 034-612899
Sahaphatthana Tesco Lotus Thamaka 034-542914-7 034-542682
Sukhumvit Road 038-428459, 428475, 428577 038-428285 Tha Muang 034-611722, 627027 034-611311,
Central Pattaya 611411
Tesco Lotus 038-457301-2 038-457300 Tha Rua 034-561997-8, 562232-4 034-561031
Amatanakorn Chonburi
Khon Kaen
Tesco Lotus 038-117063-5 038-117068
Bowin Chonburi Ban Phai 043-272887, 272889 043-272888
Tesco Lotus Chonburi 038-276051-3 038-276020 Central Plaza Khon Kaen 043-288122-3 043-288124
Tesco Lotus North Pattaya 038-370858 038-370228 Chum Phae 043-311332 043-311490
Tesco Lotus Sattahip 038-439446-9 038-439445 Khao Suan Kwang 043-449224-5 043-449223
Tesco Lotus South Pattaya 038-427853, 427857, 427937 038-427423 Khon Kaen 043-225142-6 043-221923
Thepprasit Road Pattaya 038-412825-7 038-412828 Khon Kaen University 043-202650-1 043-202653
Walking Street Pattaya 038-415368-70, 415724 038-415725 Kra Nuan 043-251719-21 043-251720
222 Chumphon Mancha Khiri 043-289020-1, 381255 043-289019
Chumphon 077-511446, 511854, 511274 077-511464 Muang Phon 043-414170 043-414223
Lang Suan 077-541601, 581486, 581495 077-541736 Na Muang Road 043-225416, 413543-6 043-225319
Map Amrit 077-578135-7 077-578134 Prachasamoson Road 043-237945, 238091, 237689 043-237699
Pratoonam Khon Kaen 043-472550-3 043-472554
Ocean Shoppingmall 077-502248-50 077-502321
Chumphon Tesco Lotus Chum Phae 043-312544, 312547, 312537 043-312601
Pak Nam Chumphon 077-521900, 521462 077-521460 Tesco Lotus Fairy Plaza 043-271141-2 043-271145
Khon Kaen
Sawi 077-531070-1, 583372 077-531071
Tesco Lotus Khon Kaen 043-365008-10 043-365011
Siyaek Patomporn 077-534514, 534516 077-534515
Tesco Lotus Khon Kaen 2 043-911713-5 043-911712
Tesco Lotus Chumphon 077-658980-2 077-658983
Tesco Lotus 043-491631-3 043-491634
Tesco Lotus Langsuan 077-544726-7, 544738 077-544739 Nong Song Hong
Tha Sae 077-599000, 584157, 584213 077-599001 Tesco Lotus Phon Khonkaen 043-415369, 414443, 414344 043-415007
Kalasin The Front Museum 043-246516-8 043-246610
Big C Kalasin 043-810471-4 043-810475 Khon Kaen
Kalasin 043-812655-6 043-811275, Krabi
812001 Ao Luk 075-610829, 681131 075-654562,
Kalasin Plaza 043-816195-7 043-816194 681132
Khao Wong 043-859537 043-859124 Ao Nang Krabi 075-695745-7 075-695748
Somdet 043-861308 043-861419 Big C Krabi 075-810507-8 075-810509
Kamphaeng Phet Krabi 075-631657-8 075-611785
Big C Kamphaeng Phet 055-853826-8 055-853829 Nua Khlong 075-636455-6 075-636458
Kamphaeng Phet 055-713345, 713511-3 055-711014 Tesco Lotus Ao Luk 075-610813, 682223-5 075-610815
Kamphaeng Phet 055-716501-4 055-716505 Tesco Lotus Krabi 075-650730-1 075-650732
Rajabhat University Lampang
Khanu Woralaksaburi 055-779065, 725243-4 055-779153 Big C Lampang 054-352651-3 054-352654
Nakhon Chum 055-799417, 799464 055-799497 Central Plaza Lampang 054-811811-3 054-811814
 Bangkok Bank Public Company Limited | Annual Report 2018

Provincial Branches
Branch Telephone Facsimile Branch Telephone Facsimile
Chat Chai Road 054-225682, 227931 054-227840 Kanthrawichai 043-744127, 789252 043-744128
Koh Kha 054-328500, 281158-9 054-281156 Kosum Phisai 043-761990-3 043-761994
Lamp Tech Lampang 054-265081-2, 265195 054-265144 Mahasarakham
Lampang 054-228132-7 054-228139 Maha Sarakham 043-723020-3 043-723024
Muang Pan 054-276123, 276000 054-276021 Mahasarakarm University 043-754611-2 043-754613
Sub Tui 054-218109, 218397 054-222949 Sermthai Complex 043-970178-9, 970790 043-970791
Mahasarakham
Tesco Lotus Hangchad 054-269712-4 054-269715
Sermthai Plaza 043-723076-7 043-723193
Tesco Lotus Lampang 054-317988-9 054-317990 Maha Sarakham
Tesco Lotus Pong Sanook 054-224292-4 054-224295 The Front Mahasarakham 043-754152-5 043-754156
Thoen 054-291898-9 054-291896 University
Lamphun Mukdahan
Ban Thi 053-501307 053-501306 Big C Mukdahan 042-661950-2 042-661953
Big C Lamphun 053-575601-3 053-575604 Mukdahan 042-611554 042-611120
Lamphun 053-511177, 511179, 511053 053-561579 Robinson Mukdahan 042-672408-10 042-672411
Lamphun Chatuchak Market 053-093825-7 053-093857 Tesco Lotus Mukdahan 042-631548-9 042-631551
Northern Region Industrial 053-582890-2 053-582893 Nakhon Nayok
Estate, Lamphun Banna 037-382304-6 037-382307
Umong 053-559210, 559207-8 053-559209 Nakhon Nayok 037-312033, 311188 037-311077
Loei Sarasamosorn 037-393633 037-393655
Big C Loei 042-845765-7 042-845768 Nakhon Nayok 223
Loei 042-812226 042-812227 Tesco Lotus Nakhon Nayok 037-316712-4 037-316715
Tesco Lotus Dan Sai 042-810917-9 042-810920 Nakhon Pathom
Tesco Lotus Loei 042-833595-7 042-833556 Bang Len 034-391036-8 034-391035
Wang Saphung 042-841426-7 042-841425 Big C Nakhon Pathom 034-275691-3 034-275694
Lop Buri Big C Omyai 0-2420-6283, 0-2420-4657 0-2420-6290
Ban Mi 036-471046, 471153, 471500 036-471559 Central Plaza Salaya 0-2429-6800-3 0-2429-6804
Big C Lopburi 036-784464-6 036-784467 Don Tum 034-381006-9 034-381773
Big C Lopburi 2 036-780721-3 036-780724 Kamphaeng Saen 034-351368-70 034-351039
Khok Samrong 036-441202, 625255-6 036-441003, Khlong Yong Salaya 034-246293, 246296 034-246297
441397 Nakhon Pathom
Lam Narai 036-461363, 631056, 461563 036-461436, Mahidol University Salaya 0-2441-5205-8 0-2441-5209
631057 Nakhon Chaisri 034-228383, 333337, 332420 034-228385
Lop Buri 036-411084, 411023, 413884, 036-412622 Nakhon Pathom 034-251994-6 034-259676
617529-31
Om Noi 0-2420-0763-4, 0-2810-4986-8 0-2420-0767
Lopburi Provincial Office 036-770179-80 036-770182
Om Yai 034-325010-4 034-325015
Pattananikom 036-436151-2, 436155 036-436156
Phutthamonthon 0-2889-3349-52 0-2889-3353
Sakaeo, Lop Buri 036-412561, 613863-4 036-412301
Phutthamonthon Sai 4, 0-2420-7157-9, 0-2420-7106 0-2420-7105
Tesco Lotus 036-614041-3 036-614045 Nakhon Pathom
Lopburi Inn Plaza
Phutthamonthon Sai 5 0-2445-3804-6, 0-2445-3844 0-2445-3856
Tesco Lotus Singburi 036-522112-3 036-523111
Sam Phran 034-325016-7, 311291-2, 034-321822
Mae Hong Son 322865-6
Mae Hong Son 053-611546, 611295, 611275 053-611547 Siam Makro Nakhonpathom 034-963828-30 034-963831
Pai 053-699482, 699941 053-699474 Songphon Road 034-251092-5, 219647-8 034-251096
Maha Sarakham Tesco Lotus 034-352752, 351042-3 034-352762
Big C Maha Sarakham 043-995538-40 043-995541 Kamphaeng Saen
Chiang Yun 043-781123, 781112, 782192 043-781113 Tesco Lotus Nakhon Pathom 034-275310-2 034-275313
 Annual Report 2018 | Bangkok Bank Public Company Limited

Provincial Branches
Branch Telephone Facsimile Branch Telephone Facsimile
Tesco Lotus Salaya 0-2482-2069, 0-2482-2071 0-2482-2072 Lat Yao 056-271281 056-271280
Tesco Lotus Sam Phran 034-312150-2 034-312153 Matuli Road 056-229072, 224136 056-228361
The Front Silpakorn 034-243822, 243825 034-243336 Nakhon Sawan 056-222194-5 056-222702
University Nakhon Pathom Nong Bua 056-251159, 323200 056-323255
Nakhon Phanom Phayuha Khiri 056-341501 056-341024
Ban Phaeng 042-591222, 591609, 591018 042-591100 Sawanwithi Road 056-222582, 226489 056-222580
Big C Nakhonphanom 042-532756-8 042-532759 Sawanwithi Road 2 056-370591-3 056-370594
Nakhon Phanom 042-511209, 511134 042-511588 Takhli 056-261191, 261157 056-261875
Tesco Lotus 042-514147-8 042-514149 Tesco Lotus 056-370200-2 056-370203
Nakhon Phanom Nakhonsawan 2
Tesco Lotus That Phanom 042-541299, 541456 042-541593 Nakhon Si Thammarat
Nakhon Phanom
Nakhon Ratchasima Central Plaza 075-392710-3 075-392713
Nakhon Si Thammarat
Atsadang Road 044-267050-4 044-259430 Hua Sai 075-337733-4 075-389017
Big C Korat 044-341326-9 044-341327 Karom Road 075-342296, 342890 075-342889
Bua Yai 044-461564, 461248 044-461565 Na Bon 075-491004, 491092 075-491092
Central Plaza 044-229390-2 044-229393 Nakhon Si Thammarat 075-312560-1, 312309 075-356393
Nakhon Ratchasima
Chakkarat 044-399112-3 044-399111 Pak Phanang 075-517702, 517139 075-517138
Cho Ho 044-296105 044-296106 Phatthanakan Road 075-318507-12 075-318509
224 Chok Chai 044-491201, 491203 044-491448 Ron Phibun 075-441095 075-441096
Chomsurang Yat 044-253524, 257711-3 044-257715 Sahathaiplaza 075-342745-8 075-343123
Nakhonsithammarat
Chum Phuang 044-477291-2 044-477279 Sichon 075-536222, 536504 075-536031
Dan Khun Thot 044-204507-9, 204511 044-204510 Tesco Lotus 075-358432-4 075-358435
Hua Thale 044-244651 044-255661 Nakhonsithammarat
Klang Plaza 044-248943-5 044-248946 Tesco Lotus Thasala 075-522237, 522247 075-522637
Mittraphap Road 044-244092, 244536, 243597 044-243577 Tesco Lotus Thung Song 075-421732-3, 424324 075-424325
Nakhon Ratchasima 044-241100, 257344 044-253552 Thung Song 075-412805-6, 332725 075-411459
Non Thai 044-381034 044-381035 Nan
Pak Chong 044-311361, 311381 044-312191 Big C Nan 054-711091-3 054-711094
Pak Thong Chai 044-441935-6 044-441937-8 Nan 054-710129, 710901 054-710218
Phimai 044-471299, 471315, 471876 044-471802 Pua Nan 054-791766-8 054-791769
Save One Market 044-222811-3 044-222814 Tesco Lotus Nan 054-743165-7 054-743168
Sikhiu 044-290996-7, 290571 044-411230 Tesco Lotus Wiengsa 054-690847-9 054-690850
Sung Noen 044-286412-4 044-419277 Narathiwat
Suranarai Road 044-247123-4, 244183-4 044-244285 Narathiwat 073-513805-6, 511461-3 073-513102
Terminal 21 Korat 044-498516-8 044-498519 Sungai Kolok 073-611505, 611043 073-611709
Tesco Lotus Korat 044-342528-9, 342574-5 044-342576 Sungai Padi 073-651143, 651097 073-523116
Tesco Lotus Pakchong 044-328710-2 044-328713 Waeng 073-659250 073-659217
The Mall 044-288282-5 044-288281 Nong Bua Lamphu
Nakhon Ratchasima Nong Bua Lamphu 042-312034-5 042-312036
Nakhon Sawan Tesco Lotus 042-312914-6 042-312917
Big C Nakhon Sawan 056-233180-2 056-233179 Nong Bua Lam Phu
Chum Saeng 056-282236, 282422 056-282097 Nong Khai
Fairy Land Nakhon Sawan 056-372300-3 056-372299 Mittraphap Road Nong Khai 042-413013 042-413014
Kaset Thai Industry Sugar 056-338324, 338327 056-338328 Nong Khai 042-411594, 412675-6 042-412576
 Bangkok Bank Public Company Limited | Annual Report 2018

Provincial Branches
Branch Telephone Facsimile Branch Telephone Facsimile
Phon Phisai 042-471289-90 042-471288 Pathum Thani
Tesco Lotus Nongkhai 042-413470-1 042-413469 Bangkan Road-Klongluang 0-2524-0059, 0-2524-0065, 0-2524-0378
Tesco Lotus Thabo 042-401509-10 042-401506 0-2524-0087
Nonthaburi Bangkok University 0-2108-3151-3 0-2108-3107
(Rangsit Campus)
Bang Bua Thong 0-2571-3383-5 0-2571-7851
Big C Lamlukka 0-2152-7403-4 0-2152-7405
Bang Bua Thong-Suphan 0-2922-3917-20 0-2922-3921
Buri Road Km. 45 Big C Lamlukka 2 0-2563-3195-7 0-2563-3198
Bang Kruai 0-2447-0591-3, 0-2447-0595 0-2447-0594 Big C Navanakorn 0-2520-3962-4 0-2520-3965
Bang Yai, Nonthaburi 0-2595-0444-6, 0-2903-1151-5 0-2595-0447 Big C Rangsit 2 0-2995-1305-6 0-2995-1303
Bangbuathong-Suphanburi 0-2571-5200-2 0-2571-5203 Big C Rangsit Khlong 3 0-2592-2944-6 0-2592-2947
Road Km. 28 Big C Thanyaburi 0-2577-4886-9 0-2577-4627
Big C Bang Yai 0-2903-1920, 0-2903-1681, 0-2903-0006 Future Park Rangsit 0-2958-5865-6, 0-2958-5868 0-2958-5867
0-2903-2915
Future Park Rangsit 2 0-2958-5260-2 0-2958-5264
Big C Chaengwattana 2 0-2962-6241-2 0-2962-6240
Iyara Market 0-2520-3619-21 0-2520-3668
Big C Rattanathibet 0-2921-0257-8 0-2921-0133
Khlong Luang Pathumthani 0-2516-2840-3 0-2516-2844
Big C Rattanathibet 2 0-2950-5661-2 0-2950-5660
Lam Luk Ka Klong 8 0-2193-3908-10 0-2193-3912
Big C Tiwanon 0-2968-6249-50 0-2968-6247
Lam Luk Ka Road Khlong 2 0-2995-8145-9 0-2995-8150
Bua-Thong Square 0-2594-6322-4 0-2594-6325
M Park Rangsit Klong 3 0-2533-1911, 0-2533-1913, 0-2533-1958
Central Chaengwattana 0-2193-8071-4 0-2193-8075 0-2533-1959
Central Rattanathibet 0-2526-6720-1, 0-2526-7385 0-2526-6744 Market Place Rangsit 0-2198-5745-7 0-2198-5749
Klong 1 225
Central Westgate 0-2194-2700-3 0-2194-2704
Chaeng Watthana Road 0-2583-6298-9, 0-2962-2517-8, 0-2962-2516 Nana Charoen Market 0-2592-4082-4 0-2592-4010
0-2583-6010 Nava Nakhon 0-2909-2031, 0-2909-2148 0-2909-2160
Ha Yaek Pak Kret 0-2583-7987-9, 0-2584-2046 0-2583-1648 Navanakorn Industrial 0-2529-0045, 0-2529-0067, 0-2529-0166
Khae Rai 0-2580-0151, 0-2589-3254, 0-2589-3255 Estate 0-2529-0187
0-2951-0940-3 Nopphawong 0-2977-6230-3 0-2581-6755
Mint Village Tiwanon 0-2583-6975-7 0-2583-6979 Pathum Thani 0-2581-3033-4, 0-2978-0700 0-2581-6753
Muangthongthani 0-2583-6472-3, 0-2583-6449 0-2583-6450 Rahaeng 0-2599-1600-2 0-2599-1603
Ngamwongwan Road 0-2580-9414, 0-2580-9468, 0-2580-8378 Rangsit 0-2531-3226, 0-2531-0669, 0-2531-0668
0-2580-9567, 0-2580-7371 0-2531-3239-40, 0-2531-8224
Nonthaburi 0-2525-0258, 0-2525-2727-9, 0-2525-0259 Rangsit University 0-2564-0911, 0-2564-0830 0-2564-0914
0-2526-5571
Rangsit University 2 0-2564-0412-4 0-2564-0416
Rattanathibet Road 0-2969-9152-4 0-2969-9158
Suan Utsahakam 0-2501-3500-1, 0-2501-2932, 0-2501-2662
Robinson Srisaman 0-2501-5703-6 0-2501-5707 Bang Kadi 0-2501-3234
Samakkhi Road, 0-2574-6443, 0-2574-6076 0-2980-1039 Talaadthai 0-2908-4918-20 0-2908-4921
Prachaniwet
Talad Phoonsap 0-2593-3716-7, 0-2593-3719-20 0-2593-3721
Tesco Lotus Bangyai 0-2443-6795-7 0-2443-6798
Talat Si Mum Muang, 0-2536-8003, 0-2536-8086, 0-2536-7906
Tesco Lotus Pakkrad 0-2584-5920-1 0-2584-5912 Rangsit 0-2536-8104, 0-2536-8107
Tesco Lotus Phongphet 0-2955-5754-6 0-2955-5757 Tesco Lotus Navanakorn 0-2520-4828-9 0-2520-4830
Tesco Lotus Rattanatibeth 0-2591-9725, 0-2591-9532 0-2591-9746 Tesco Lotus Pathumthani 0-2978-1263-6 0-2978-1267
Tesco Lotus Wat Latpladuk 0-2194-5082-5 0-2194-5086 Tesco Lotus Rangsit 0-2958-3765-7 0-2958-3768
Tha It (Nonthaburi) 0-2595-8113-5 0-2595-8146 Tesco Lotus Rangsit 0-2577-3097-8 0-2577-3099
The Mall Ngamwongwan 0-2550-0995 0-2550-0994 Klong 7
The Crystal PTT 0-2023-2738-40 0-2023-2736 Tesco Lotus Rangsit 0-2569-5085-6 0-2569-5087
Chaiyapruek Nakornnayok Klong 3
The Crystal Ratchapruek 0-2102-5663-5 0-2102-5667 Thailand Science Park 0-2564-8028, 0-2564-8030 0-2564-8029
The Walk Ratchapruek 0-2489-6870-2 0-2489-6873 Thailand Science Park 2 0-2117-8970-2 0-2117-8973
 Annual Report 2018 | Bangkok Bank Public Company Limited

Provincial Branches
Branch Telephone Facsimile Branch Telephone Facsimile
Thammasat University 0-2564-2751-3 0-2564-2754 Phetchaburi 032-427047-8, 425024 032-425099
Rangsit Campus Tesco Lotus Phetchaburi 032-402801-3 032-402804
Zeer Rangsit 0-2992-5582-4 0-2992-5585
Tesco Lotus Thayang 032-463280, 463300, 463400, 032-463480
Pattani 463404
Khok Pho 073-431266-7 073-315561 Tha Yang 032-461578-9, 461821-2 032-461577
Nongjig Road 073-336019, 336196 073-336196 Phichit
Pattani 073-333001, 331037 073-332663 Bang Mun Nak 056-631057 056-631058
Phangnga Phichit 056-611053, 611093, 611573 056-611073
Khaolak Phangnga 076-485741-4 076-485663 Taphan Hin 056-621835, 621197, 621036 056-621275
Khok Kloi 076-581222, 581112 076-581444 Phitsanulok
Phangnga 076-430500, 411905 076-411904 Bang Krathum 055-391115-7 055-391118
Thai Muang 076-571227-30 076-571202 Big C Phitsanulok 055-378045-7 055-258597
Yanyao Takuapa 076-431286-7, 421531 076-421532 Central Plaza Phitsanulok 055-338400-2 055-338403
Phatthalung Hayaek Khokmatum 055-301134-7 055-301138
Coliseum Cineplex 074-617440-2 074-617443 Indochina Intersection 055-986200-3 055-986204
Phatthalung Phitsanulok
Khuan Khanun 074-681783, 682004 074-681199 Naresuan Road 055-242543 055-242547
Phatthalung 074-613196, 612025 074-613296 Naresuan University 055-260123-5 055-260126
Tesco Lotus Phathalung 074-606543-4 074-606545 Phitsanulok 055-218666-70 055-242419
226 Phayao Phitsanulok Provincial Office 055-243352-5 055-246111
Chiang Kham 054-451971, 451551 054-451225 Piboonsongkram Rajabhat 055-267021-2 055-267024
Chiang Muan 054-495041-2 054-495020 University
Dok Kham Tai 054-418936-7, 418939 054-418938 Singha Wat Road 055-245519-21 055-245522
Mae Chai 054-499234, 499037-8 054-499039 Tesco Lotus Phitsanulok 055-221664, 221636-7 055-221665
Phayao 054-411039-42, 411306 054-482201 Tesco Lotus Phitsanulok 055-330323-5 055-330326
Tesco Lotus 054-454234-5 054-454236 Tathong
Chiang Kham Payao Wang Thong 055-311774-5 055-311124
Tesco Lotus Phayao 054-484297-9 054-484294 Phra Nakhon Si Ayutthaya
University of Phayao 054-870213-5 054-870216 Ayutthaya 035-252381-4 035-252385
Phetchabun Ayutthaya Park Shopping 035-346667-8 035-346668
Big C Lomsak 056-704615-7 056-704618 Center
Big C Phetchabun 056-744504-6 056-744507 Bangpain Industrial Estate 035-221886-8, 221890 035-221889
Lom Sak 056-701901, 701413 056-701009 Big C Ayutthaya 035-747047-8 035-747049
Phetchabun 056-721497, 743501 056-711292 Hi-Tech Industrial Estate 035-351401-3 035-351404
Phetchabun Rajabhat 056-725737-9 056-725111 Nakhon Luang 035-359131-4 035-359132
University Pratunam Phra-In 035-361670-1, 361066-8 035-361065
Sap Samo Thot 056-732400, 731027, 561188-90 056-731028 Rochana Industrial Park, 035-332142-4 035-332145
Srithep 056-799140-2 056-799416 Ayutthaya
Tesco Lotus Phetchabun 056-712206-7 056-712209 Rotchana Road 035-213809-12 035-213808
Tesco Lotus Topland 056-725609-11 056-725612 Sena 035-201859 035-201959
Phetchabun Talat Chaophrom 035-243301-4 035-243305
Phetchaburi Tesco Lotus Bang Pa-in 035-742453-4 035-742455
Big C Phetchaburi 032-402600-3 032-402604 Tesco Lotus Sena Ayuthaya 035-202793-4 035-202795
Cha-am 032-434200, 434047-8 032-434046 Tha Rua, Ayutthaya 035-341022, 341079, 341386 035-341385,
Khao Wang 032-428066-8 032-428065 222089
Khao Yoi 032-439762-5 032-439889 Wang Noi 035-271976, 271997 035-271386
 Bangkok Bank Public Company Limited | Annual Report 2018

Provincial Branches
Branch Telephone Facsimile Branch Telephone Facsimile
Phrae Hua Hin 032-511717, 511818 032-512512
Den Chai 054-613291, 613276 054-613251 Hua Hin 2 032-521099-102 032-521111
Kadnamthong Phrae 054-533506-8 054-533509 Khlong Wan 032-661492-3 032-661491
Phrae 054-511005, 511966 054-511863 Pak Nam Pran Buri 032-570247-50 032-570250
Tesco Lotus Phrae 054-511231, 511014, 511898 054-511733 Prachuap Khiri Khan 032-611251, 611420 032-611590
Wang Chin 054-589163 054-589164 Pran Buri 032-621666, 622111 032-622056
Phuket Tesco Lotus 032-652250-3 032-652254
Central Festival Phuket 076-249857-9 076-249860 Prachuap Khiri Khan
Central Phuket Florestta 076-368042-6 076-368047 Tesco Lotus Pranburi 032-825780-2 032-825783
Choengtalay 076-325506-9 076-325510 Thap Sakae 032-671393-4 032-671795
Hat Karon Phuket 076-398475-8 076-398477 Ranong
Hayaekchalong Phuket 076-383440-2 076-383524 Kapoe 077-897115, 897131-3 077-897091
Jungceylon, Phuket 076-366076-7 076-366079 Ranong 077-811389, 811325, 811094-5, 077-822790
811230
Kamala Phuket 076-386160-3 076-386164
Saphan Pla 077-816293, 816295 077-824059
Kathu Phuket 076-319278-81 076-319282
Tesco Lotus Ranong 077-813401-3 077-813404
Koleeseum Paradise Phuket 076-214630, 214964-5 076-214629
Ratchaburi
Patong 076-344906-11 076-344912
Ban Pong 032-211242-3, 301039-40 032-211960,
Patong 2 (Saikor Road) 076-322861-4 076-322865 301116
Phuket 076-216256, 211292-5 076-216895 Big C Banpong 032-368453-5 032-368456
Phuket Rajabhat University 076-523395-7 076-523398
227
Big C Ratchaburi 032-332700-1 032-332703
Tesco Lotus Chaofah 076-216742-3 076-216744 Chombung 032-261293-4, 261396 032-261299
Tesco Lotus Phuket 076-255128-9 076-255130 Damnoen Saduak 032-346337, 253336, 254006 032-254440
Tesco Lotus Rawai 076-383945-7 076-388967 Nong Pho 032-389008-9, 351040 032-351042
Tesco Lotus Thalang 076-311243-4 076-311245 Photharam 032-354074-6, 231060, 391963 032-231163,
Tha Ruea Intersection 076-386867-70 076-386871 231964
Thalang 076-311689, 311713, 311275 076-311726 Ratchaburi 032-321282, 322053-6 032-321281
Thepkasattri Road 076-216725, 216728 076-225719 Sam Yaek Wang Manao 032-281111, 358570 032-281000
Thepkasattri Road 2 076-364121-4 076-364120 Si Suriyawong Road 032-310556-7 032-310558
(Samyeak Sapam) Somboonkul Road 032-326134-7 032-326138
Prachin Buri Ratchaburi
Big C Simahaphot 037-278682-4 037-278685 Talad Srimuang Ratchaburi 032-332765-8 032-332769
Kabin Buri Industrial Zone 037-455493-5 037-455722 Tesco Lotus Banpong 032-368250, 368254 032-368216
Prachin Buri 037-211555 037-211556 Tesco Lotus Photharam 032-231116-7, 231658, 232758 032-232949
Robinson Prachinburi 037-454718-20 037-454721 Tesco Lotus Ratchaburi 032-350366-9 032-350365
Rochana Industrial Park 037-210364-6 037-210367 Wat Phleng 032-399081, 363456-7 032-399282
Prachinburi Rayong
Si Yaek Kabin Buri 037-281093, 282137 037-281286 Ban Chang 038-601586, 602385-7 038-602700
Tesco Lotus Kabinburi 037-283434-6 037-283437 Ban Phe 038-651967-8 038-651966
Tesco Lotus Prachinburi 037-482250-3 037-482254 Big C Rayong 038-624116-7 038-624118
Tesco Lotus Si-Mahaphot 037-274369-71 037-274040 Central Plaza Rayong 038-942841-4 038-942845
Prachuap Khiri Khan Eastern Seaboard 038-656458-60 038-656461
Bang Saphan 032-548697-9 032-548700 Industrial Estate
Bang Saphan Noi 032-699334-5 032-699142 Hemaraj Industrial Estate 038-950596 038-950599
Bluport Hua Hin 032-523213-6 032-523217 Home Pro Rayong 038-610037-8 038-610355
Boonthavorn Hua Hin 032-520939, 520956-7, 520978 032-520979 Klaeng 038-671170, 672503-4 038-671576
 Annual Report 2018 | Bangkok Bank Public Company Limited

Provincial Branches
Branch Telephone Facsimile Branch Telephone Facsimile
Maptaphut 038-608535-6, 608122-3 038-608600 Big C Suk Sawat 0-2463-6734-6 0-2463-6738
Maptaphut Industrial Estate 038-687979 038-687982 Homepro Bangna 0-2316-4961-3 0-2316-4964
Nikhom Phatthana 038-636204, 636250 038-636251 Imperial World Samrong 0-2380-0160-3 0-2380-0164
Rayong 038-613095, 613047-8 038-613046 Khlong Dan 0-2330-1117-8 0-2330-1119
Tesco Lotus Ban Chang 038-695544-5 038-695546 Khuen Khan-Phra Pradaeng 0-2462-7865-6 0-2462-7864
Tesco Lotus Rayong 038-800535-7 038-800538 King Kaeo Road 0-2738-9600-2 0-2738-9604
Roi Et Mega Bangna 0-2105-1264-6 0-2105-1268
Kaset Wisai 043-589151, 530294-5 043-589152, Phra Pradaeng 0-2462-5907-8, 0-2462-7570, 0-2463-3449
589025 0-2463-4625, 0-2462-6824
Phon Thong Roi Et 043-572473-5 043-572476 Phraekkasa Road 0-2382-7285-7 0-2382-7288
Ratchakan Damnoen Road 043-524859 043-524860 Praksa Subdistrict 0-2136-4521-4 0-2136-4525
Municipality
Robinson Roi Et 043-540901-3 043-540900
Puchao Samingphrai Road 0-2394-4863-4, 0-2394-5990, 0-2384-1662
Roi Et 043-514590-1 043-512503 0-2384-1663
Roi Et Provincial Office 043-514754-5, 514768 043-514742 Ramadhibodi Chakri 0-2049-1420-2 0-2049-1423
Selaphum Roi Et 043-550621-3 043-550624 Naruebodindra Hospital
Sa Kaeo Robinson Samutprakarn 0-2174-2734-6 0-2174-2738
Aranya Prathet 037-232900, 232315 037-232311 Sai Luat Road, 0-2387-0133-5, 0-2387-1699, 0-2701-6795
Samut Prakan 0-2701-6793-4
Big C Sakaeo 037-421771-3 037-421774
Samrong 0-2384-1375-6, 0-2384-7607-8, 0-2754-1083
Sa Kaeo 037-242641-2 037-242638 0-2754-1082-3
228 Talad Rongklue 037-230876-8 037-230944 Samut Prakan 0-2702-6235-8, 0-2702-6218 0-2702-6219,
Tesco Lotus Aranyaprathet 037-541681 037-541684 0-2702-7498
Tesco Lotus Wangnamyen 037-251408-9, 251508-9 037-251550 Sinakharin Road 0-2385-7152, 0-2385-7158, 0-2385-7151
0-2758-9515
Tesco Lotus 037-261321-2, 261325-6 037-261315
Watthananakhon Suvarnabhumi Airport 0-2134-1840-3 0-2134-1844
Sakon Nakhon Suvarnabhumi Airport 0-2134-1790-3 0-2134-1794
Customs Free Zone
Ban Muang 042-794172 042-794176
Tesco Lotus Bang Phli 0-2751-2339-40 0-2751-2338
Big C Sakhon Nakhon 042-731370-2 042-731373
Tesco Lotus Bangna 0-2740-9687-9 0-2739-9165
Phang Khon 042-771243, 734982-4 042-771241-2
Tesco Lotus Bangpoo 0-2710-9059-61 0-2710-9058
Robinson Sakon Nakhon 042-971735-8 042-971739
Tesco Lotus Praksa 0-2178-6762-4 0-2178-6765
Sakon Nakhon 042-711501, 711706, 732603 042-711142
Tesco Lotus Srinakharin 0-2175-7534-6 0-2175-7537
Sawang Daen Din 042-721096 042-721090
Thepharak Road Km. 22 0-2706-9615-8 0-2750-4815
Tesco Lotus 042-722612-3 042-722614
Sawang Daen Din Thepharak Road, 0-2312-3127-9, 0-2312-3110, 0-2312-3130
Samut Prakan 0-2312-3139
Waritchaphum 042-781205 042-781109
Samut Sakhon
Samut Prakan
Assumption Rama 2 034-870049-52 034-870057
Bang Khru-Phra Pradaeng 0-2463-7051-2 0-2463-7053
Ban Phaeo 034-467567-9 034-859365
Bang Plee 0-2750-8600-7 0-2312-5332
Big C Mahachai 034-442880-3 034-442884
Bang Plee Industrial Estate 0-2315-2944-7 0-2315-2948
Central Plaza Mahachai 034-491735-8 034-491739
Bangchalong 0-2312-7025-7 0-2312-7029
Ekkachai 2 034-421661-4 034-421665
Bangpu Industrial Estate 0-2324-0517-20 0-2324-0533
Ekkachai Road 034-852630-2 034-852628
Big C Palm Island 0-2380-1610-2 0-2380-1614
Krathum Baen 034-470908-9, 473326-7, 034-471908,
Big C Bangphlee 0-2312-2921-3 0-2312-2924 471909 470910
Big C Samrong 2 0-2757-9076-7 0-2757-9078 Lak Sam Ban Phaeo 034-850834-5, 481159 034-481060
Big C Samuthprakarn 0-2395-2082-4 0-2395-2085 Mahachai Samut Sakhon 034-864438, 864441 034-864442
Big C Srinakarin 0-2710-5052-3 0-2710-5054 Phutthasakhon 0-2420-6235-8 0-2420-6239
 Bangkok Bank Public Company Limited | Annual Report 2018

Provincial Branches
Branch Telephone Facsimile Branch Telephone Facsimile
Samut Sakhon 034-423577-8, 811323-4 034-810920, Tesco Lotus 045-692180, 692425, 692464 045-691823
811325 Uthumpornpisai
Setthakit 1 Road 034-827252-4 034-827256 Yang Chum Noi 045-687125, 687127 045-687126
Tesco Lotus Khrathum Baen 034-472064-6, 472077 034-472080 Songkhla
Tesco Lotus Mahachai 034-827510-2 034-827514 Big C Hat Yai 074-214580-2 074-214583
Tesco Lotus Mahachai 2 034-866300-3 034-866304 Big C Hat Yai 2 074-262956-9 074-262960
Tha Chalom 034-818504, 808505 034-497234 Central Festival Hat Yai 074-339790-3 074-339794
Samut Songkhram Chana 074-378330-1 074-207127
Amphawa 034-751504-5, 751600 034-751506 Dan Sadao (Jang Lone) 074-523522-3 074-523521
Bang Khonthi 034-761862-4 034-761863 Hat Yai 074-234900, 234902, 235330-7 074-234117
Big C Samut Songkhram 034-770800-3 034-770804 Hat Yai Nai 074-239945, 257602-7 074-257609
Samut Songkhram 034-711365, 711457, 723529-30 034-715576, Hat Yai Yan Phetchakasem 074-235450-4, 237729 074-232512
711564
Hayaek Saphan 074-333085-6 074-333087
Tesco Lotus 034-715871-2 034-718678 Tinsulanonda
Samut Songkhram
Kanchanavanich Songkhla 074-558120-1 074-558100
Saraburi
Kho Hong 074-238193, 237586-9 074-238172
Hemaraj Saraburi 036-373837-9 036-373840
Industrial Zone Muang Mai 074-235809-10 074-237398
Kaeng Khoi 036-251541-5 036-251544, Na Thawi 074-371321-2 074-371323
320179 Padang Besar 074-444200-1 074-521995
Nong Khae 036-371788, 371643-4 036-371787,
325062
Phunnakan Road Hat Yai 074-500290-2 074-500293 229
Prince of Songkhla Univesity 074-218542-4 074-218717
Nong Saeng 036-366242-4 036-366241
Ranot 074-391350, 391068 074-391026
Phra Phutthabat 036-268010-1 036-268012
Rattakarn Taradsod 074-225440-3 074-225444
Robinson Saraburi 036-351487-9 036-351490
Rattaphum 074-430400, 389123 074-389035
Saraburi 036-222194-5, 211083, 221428, 036-221226
221186 Robinson Hat Yai 074-225546-8 074-225567
Sutbanthat Road 036-315626-8 036-315629 Saba Yoi 074-377220-2 074-377223
Tesco Lotus Saraburi 036-222078, 222340, 222378 036-222763 Sadao 074-411374, 411772 074-411372
Satun Si Phuwanat Road 074-231996, 429002 074-231760
Big C Satun 074-741944-6 074-741947 Siam Makro Hat Yai 074-217742-3 074-217744
Langu 074-781455, 781511 074-781147 Songkhla 074-323751, 313748 074-323752
Satun 074-721350, 730424 074-721348 Songkhla Provincial Office 074-323900-2 074-323903
Thung Wa 074-789016-7 074-789016 Talat Phongcharoen 074-582501-3 074-582505
Sing Buri Tesco Lotus Hat Yai 074-223671-2 074-223670
In Buri 036-581787-9, 581487 036-581788 Tesco Lotus Songkhla 074-307917-9 074-307920
Sing Buri 036-511978-9 036-511131 Sukhothai
Si Sa Ket Big C Sukhothai 055-616466-8 055-616469
Kantharalak 045-661077-9 045-661011 Sawankhalok 055-642505 055-642042
Kanthararom 045-651030 045-651029 Si Satchanalai 055-671275-7 055-671274
Khukhan 045-630031 045-671027 Sukhothai 055-611751-4 055-611122
Rasi Salai 045-681091, 682485-7 045-681090, Tesco Lotus 055-645823-5 055-645826
681092 Muang Sukhothai
Si Sa Ket 045-611706, 612202-3 045-611733 Thung Saliam 055-659179, 659226 055-659166
Tesco Lotus Kantharalak 045-663484-6 045-663487 Suphan Buri
Tesco Lotus Khukhan 045-671130, 671360, 671643 045-671089 Big C Suphanburi 035-494890-2 035-494893
Tesco Lotus Sisaket 045-644190-2 045-644193 Danchang Suphan Buri 035-595565-8 035-595570
 Annual Report 2018 | Bangkok Bank Public Company Limited

Provincial Branches
Branch Telephone Facsimile Branch Telephone Facsimile
Robinson Suphanburi 035-454261-4 035-454265 Tak
Sam Chuk 035-571177, 571144 035-571155 Intarakeeree Road 055-533564-6 055-533567
Si Prachan 035-581021-3, 581411 035-581020 Mae Sot 055-531480, 531639 055-531312
Suan Taeng 035-599187-90 035-599189 Tak 055-511123, 541707 055-511051
Suphan Buri 035-523871-3 035-523874 Tesco Lotus Maesod 055-536708, 536682 055-536712
Tesco Lotus Sam Chuk 035-572044-5 035-572046 Tesco Lotus Maesod-Tak 055-506996-8 055-506999
Tesco Lotus Songpeenong 035-532544-6 035-532767 Tesco Lotus Tak 055-893356-8 055-893359
Tesco Lotus Suphanburi 035-526137-8 035-526140 Trang
U Thong 035-551199, 551122, 551244 035-551212 Home Pro Trang 075-502167, 502177, 502194 075-502196
Suratthani Huai Yot 075-271460-2 075-271462
Big C Koh Samui 077-960828-9 077-960830 Kantang 075-251500-1, 251247 075-251248
Big C Suratthani 077-600142-3 077-600141 Na Yong 075-299088, 242247 075-242248
Bo Phut Koh Samui 077-427517-8, 427533 077-427534 Palian 075-289102-3 075-289009
Boonthavorn Suratthani 077-380951-4 077-380955 Rama VI Road 075-219346, 210156 075-219347
Buddy Koh Samui 077-458601-2 077-458604 Robinson Trang 075-216188-9 075-216197
Central Festival Samui 077-410420-3 077-410419 Tesco Lotus Trang 075-225326-30 075-225332
Central Plaza Suratthani 077-602723-4 077-602725 Trang 075-223443-8 075-223449
Chon Kasem Road 077-281297-8, 287717 077-281299 Yantakhao Trang 075-584051-4 075-584056
Don Sak 077-371456-8, 251046 077-371459
230 Trat
Hadd Lamai 077-424656-7 077-424540 Khao Saming 039-599131-4 039-599133
Hat Chaweng 077-414441-5 077-414446 Khlong Yai 039-581157-9 039-581156
Kanjanawithee Road 077-205520-3 077-205524 Koh Chang Trat 039-551154, 551162 039-551163
Koh Phangan 077-377590-2, 377619, 377681 077-377570 Tesco Lotus Trat 039-513701-3 039-513704
Koh Samui 077-420202, 420301, 421105 077-421239 Trat 039-521050-4 039-521049
Koh Tao Suratthani 077-456536, 456571, 456684 077-456790 Ubolrajthani
Phra Saeng 077-250465, 369062 077-369081 Big C Ubonrajthani 045-355163-5 045-355166
Phunphin 077-311971, 311322, 311397 077-311344 Big C Warinchamrap 045-854051-3 045-854054
Suratthani 077-282906, 273928-30 077-282806 Central Plaza Ubolrajthani 045-442390-3 045-422394
Talad Makham Tia 077-289223-4 077-289225 Det Udom 045-361034-5 045-361456
Tesco Lotus Samui 077-245464-5 077-245466 Khemarat 045-491200, 491203 045-491196
Tesco Lotus Suratthani 077-221351-2, 221263-4 077-221263 Kilo Sun 045-242708 045-243837
Tha Chana 077-262246, 381208 077-381083 Nam Yun 045-371009-10 045-371011
Wiang Sa 077-257564, 258060 077-362009 Sapphasit Road 045-246072, 244171 045-264399
Surin SK Shopping Park 045-474021-3 045-474024
Big C Surin 044-535100-2 044-535103 Ubon Ratchathani
Kap Choeng 044-559080 044-559081 Sunee Grand City Mall 045-316754, 316757 045-316758
Ubon Ratchathani
Lamduan 044-537211 044-537210
Tesco Lotus Detudom 045-361444, 361226, 361855 045-362727
Prasat 044-551155, 551076-7 044-551147
Tesco Lotus 045-442032, 442054, 442095 045-442029
Robinson Surin 044-042730-3 044-042734 Pibulmangsahan
Sikhoraphum 044-561040 044-561177 Tesco Lotus 045-255825-6 045-255827
Surin 044-512013 044-511213 Ubonratchathani
Surindra Rajabhat University 044-511663-4 044-511035 Trakan Phutphon 045-481027, 481029 045-481028
Tesco Lotus Surin 044-531966-7 044-531968 Ubolrajthani 045-254074, 254634, 254685 045-255015
Tesco Lotus Surin Plaza 044-539487-9 044-539486 Varin Chamrap 045-269413 045-321117
 Bangkok Bank Public Company Limited | Annual Report 2018

Provincial Branches
Branch Telephone Facsimile Branch Telephone Facsimile
Udon Thani Uthai Thani
Ban Dung Udonthani 042-273586-8 042-273585 Nong Chang 056-531254 056-531121
Ban Phue Udonthani 042-282820-2 042-281227 Uthai Thani 056-511909, 511344, 511354 056-511910
Big C Udonthani 042-222094, 222314 042-223049 Uttaradit
Boonthavorn Udonthani 042-245190-3 042-245194 Boroma At Road 055-440205, 440170 055-440425
Central Plaza Udonthani 042-921364-6 042-921367 Chetsada Bodin Road 055-832396-8 055-832399
Kumphawapi 042-331616, 203071-2 042-331617 Phichai 055-422001-2, 421212 055-421213
Nong Han 042-261074-5, 209450-2 042-261342 Thong Saen Khan 055-418046 055-418047
Phosi Road 042-221222 042-246223 Uttaradit 055-411234, 411707, 411804 055-413317
Yala
Pracharaksa Road 042-243344 042-243348
Betong 073-230988, 230985 073-230987
Tang Ngee Soon 042-130536-8 042-130535
Udonthani Coliseum Cineplex Yala 073-223630-1 073-223629
Tesco Lotus Kumphawapi 042-334802-4 042-334805 Yala 073-241440, 241190 073-212118
Tesco Lotus 042-261260, 261309, 261350 042-261379 Yasothon
Nong Han Udonthani Big C Yasothorn 045-724513-5 045-724516
Tesco Lotus Udon Thani 042-326489-90 042-249241 Pa Tiu 045-795125, 795462 045-795173
Udon Thani 042-247700 042-241871 Yasothon 045-711443, 712485 045-711861

Provincial Business Centers 231

Business Center Telephone Facsimile Business Center Telephone Facsimile
Amatanakorn Industrial 038-457656-8 038-457660 Karom Road, 075-340576 075-348155
Estate, Chonburi Nakhonsithammarat
Ang Thong 035-612112-5 035-612116 Khao Wang, Phetchaburi 032-428066-8 032-428069
Aranya Prathet, Sakaeo 037-232974 037-232993, Khonkaen 043-227202-4 043-227210
232997 Kingkaew Road 0-2738-9467, 0-2738-9469 0-2738-9472
Ban Bung, Chonburi 038-444375-7 038-444378 Ko Samui, Suratthani 077-430762-3 077-430764
Ban Pong, Ratchaburi 032-210262-6 032-211266 Krabi 075-611591-4 075-611186
Bang Yai, Nonthaburi 0-2595-0056 0-2595-0071 Lam Luk Ka Road, Khlong 2 0-2532-4914-6 0-2532-4898
Bangplasoi 038-284071-3 038-284022 Loei 042-814894 042-814893
Buri Ram 044-611215 044-620499 Lop Buri 036-427139 036-427241
Chachoengsao 038-512723-5 038-514988 Maesod, Tak 055-534063-7 055-534072
Chainat 056-412890 056-412505 Mahachai, Samut Sakhon 034-864206, 864114-7 034-864205
Chiang Rai 053-600742, 600778-81 053-600786 Mittraphap Road, 044-243472-5 044-243528
Chon Kasem Road, 077-284418 077-281392 Nakhon Ratchasima
Suratthani Mittraphap Road, 042-413805 042-413806
Chumphon 077-504458 077-511447 Nong Khai
Hat Yai 074-235330 074-238687 Muang Pattaya, Chonburi 038-052360-5 038-052368
Hat Yai Nai, Songkhla 074-257017, 257028 074-257182 Nakhon Panom 042-511209, 511134 042-511975
Hayaek Nonhai, 044-816021 044-816022 Nakhon Pathom 034-251994-6 034-242213
Chaiyaphum Nakhon Ratchasima 044-257344 044-257264
Hua Hin 032-515029-37 032-512513 Nan 054-775197-8 054-775208
Kabin Buri 037-280392-6 037-280497 Narathiwat 073-512575-9 073-513102
Kalasin 043-812033-6, 812039 043-812510 Nong jik Road, Pattani 073-337258-61 073-337262
Kamphaeng Phet 055-713821 055-713822 North Pattaya, Chonburi 038-489009-11 038-489031
 Annual Report 2018 | Bangkok Bank Public Company Limited

Provincial Business Centers

Business Center Telephone Facsimile Business Center Telephone Facsimile
Om Yai, Nakhon Pathom 034-324041-4 034-324442 Sethakit 1 Road, 034-421157-63 034-421164-5
Samut Sakhon
Pa Tong, Phuket 076-341558 076-345120
Si Sa Ket 045-620026 045-611980
Pathum Thani 0-2581-3033-4 0-2581-8019,
0-2581-6751 Siracha 038-771549 038-322768
Phathalung 074-617346-50 074-617251-4 Sisuriyawong Road, 032-334574-6 032-321781
Ratchaburi
Phayao 054-481044-5 054-431818
Sob Tui 054-218102, 218105 054-226572
Phetchabun 056-721497, 748042 056-711548
Songphon Road, 034-219659-65 034-254238
Phichit 056-612402-6 056-612407 Nakhon Pathom
Phitsanulok 055-218666-70 055-218660 Spanpla, Ranong 077-816293, 816295 077-816455
Phrae 054-534592-6 054-534597-8 Sukhothai 055-610361-4 055-611752
Phraekkasa Road 0-2382-7352-4 0-2382-7361 Suphan Buri 035-522670-1 035-522672
Prachuap Khirikhan 032-601878-9 032-601353-4 Surin 044-511328-9 044-539510
Pratu Changphuak, 053-287163-4 053-287161 Sutbanthat Road, Saraburi 036-223138-73 036-223144
Chiang Mai
Talat Si Mum Muang, 0-2992-3527, 0-2992-3522 0-2992-3532
Pratunam Phra-in, 035-361086-8 035-361017 Rangsit
Ayutthaya
Tha Chalaep Road, 039-321807-13 039-321178
Ratchakan Damnoen Road, 043-518210 043-518234 Chanthaburi
Roi Et
Tha Muang, Kanchanaburi 034-611722 034-611311
Rattanathibet Road 0-2969-9152-3 0-2527-8948-9
Thalang, Phuket 076-313240-4 076-313245
232 Rayong 038-861025 038-861028
Thepkasattri Road, Phuket 076-216784, 223076, 233148-54 076-233153
Rotchana Road, Ayutthaya 035-229382-91 035-229395
Trang 075-223302-7 075-223308
Sakon Nakhon 042-711501, 732124 042-711410,
736182 Trat 039-524209-13 039-524214-5
Samrong 0-2754-1081 0-2394-3432 Ubolrajthani 045-262908 045-262873
Sanpakhoi, Chiang Mai 053-266036-43 053-243121 Udon Thani 042-344420 042-344432-3
Satun 074-723700-4 074-723698-9 Uttaradit 055-416901 055-413319 
Sawanvithi Road, 056-228892 056-222902 Yala 073-223830-4 073-223835
Nakhon Sawan Yasothon 045-715143-4 045-715194

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Bangkok Bank Public Company Limited
Head Office 333 Silom Road, Silom, Bang Rak,
Bangkok 10500, Thailand
Tel. (66) 0-2231-4333
Bualuang Phone 1333
www.bangkokbank.com