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Asiamoney anniversary interview: Chartsiri Sophonpanich

Date: 29 Jul 2009

As the last in a series of interviews to celebrate Asiamoney’s 20th anniversary, the CEO of Bangkok Bank reveals his three key strategic objectives to keep the bank stable and profitable and discover which countries he is most eager to expand in.

Keywords (click to search): [Bangkok Bank] [CEO] [Chartsiri Sophanpanich] [interview]

Richard Morrow

Asiamoney [AM]: Please describe your bank’s strategy and reach in Asia as of 1989 compared with 2009?

Chartsiri Sophonpanich, chief executive, Bangkok Bank [CS]: The late part of 1980s and early 1990s was the decade [of economic development] for Asians and a great driver for prosperity because of the movement of manufacturing facilities from developed economies to many Asian countries.

Bangkok Bank moved along on this basis. We expanded our domestic banking side and increased our branch network, as the retail banking part became increasingly more important. On the other hand, on the business side there has also been evolution in a lot of project finance, corporate banking as well as small and medium-sized customers.

The other side is the international front. We expanded our branch network in the region, adding in China, Vietnam and the Philippines. We used to have a branch in Vietnam before so it was...

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