Awards of Excellence
Asian regional awards
Best Bank: Bangkok Bank
Best Investment Bank: Phatra Securities
is Thailand’s largest bank, with total assets of more than $34 billion. A universal bank, Bangkok Bank operates domestically and internationally and offers corporate, commercial and consumer banking services with 767 branches, more than 3,500 ATMs and more than 19,000 staff. Net profit has grown at a compound annual growth rate of 22.3% since 2001 to reach Bt32.7 billion ($1 billion) in fiscal 2006. While operating income has grown by a CAGR of 13.9% over the same period, operating expenses grew by just 8.6%, contributing to the consistent fall in the bank’s cost to income ratio, which stood at 52.9% in fiscal 2006, falling to 50% by the first quarter of 2007. Non-performing loans have dropped from an all-time high of 49% in 1999 to 9.2% in 2006. Capital adequacy has strengthened to 14.5% in 2006.
Amid a disastrous political climate, Thailand’s capital markets remained all but closed, but that did not prevent Phatra Securities from executing several equity and debt mandates that earn the firm the award for best investment bank in Thailand.