Bangkok Bank joins 'Money Expo Udonthani 2020’ to offer financial experiences in the New Normal era to help customers get through the crisis

Stocks and Financial Services Press Releases Friday October 9, 2020 15:48
Bangkok--9 Oct--bangkok bank

Bangkok Bank Director and Executive Vice President Dr. Thaweelap Rittapirom welcomed Ruenvadee Suwanmongkol, Securities and Exchange Commission Secretary-General, Nitipat Leelalertlaew, Udonthani Deputy Governor, Santi Viriyarangsarit, President of Money Expo, and Pakanee Viriyaangsarit, Vice President of Money Expo, who attended the opening ceremony of 'Money Expo Udonthani 2020’ and visited the bank’s booth. The event features a variety of financial products and services from the bank and its partners to meet the needs of customers in the New Normal era to help customers get through the crisis.

Bangkok Bank Director and Executive Vice President Dr. Thaweelap Rittapirom said, “Bangkok Bank was proud to join 'Money Expo Udonthani 2020’ under the concept of 'Bangkok Bank Wealth Journey’ to provide financial products and services for customers in Udonthani and neighboring provinces including savings, investment advice, loans and supportive measures for those affected by the COVID-19 outbreak from Bangkok Bank financial experts and leading partners.”

For the safety of attendees, the bank organized the event with measures to prevent the spread of COVID-19 in accordance with the rules of the Centre for COVID-19 Situation Administration (CCSA) and the organizer with the support of 35 staff. Everyone inside the booths will wear masks and face shields, and there will be hand sanitizer available. Tables and chairs will be set up in line with social distancing rules and equipment inside the booth will be cleaned with alcohol every 2 hours.

For this year’s highlights, the bank offers a variety of products and services including loans, insurance, credit cards, deposit accounts and property for sale. The bank also provides financial experiences for a digital lifestyle in a cashless society that will help consumers manage their finances more conveniently and quickly. These products include Bangkok Bank Mobile Banking which has recently been updated to better respond to the needs of customers, BeMerchant NextGen – an application for merchants that allows their customers to make cashless payments via QR Code, and Bualuang Smart Bill Payment – a solution for SME businesses to offer a one-stop payment service with QR Codes via the Bangkok Bank Mobile Banking system.

In addition, the bank is offering products that increase the potential for wealth generation and deal with risks in uncertain situations that cover investment, credit, and insurance. These products include mutual funds; Super Savings Fund (SSF) – a long-term investment strategy with tax benefits; Bualuang Extra Savings Account – a deposit account that offers both savings and accident insurance coverage; Be1st Smart card that allows a cashless society to operate securely; Bancassurance; and Bualuang Property as well as credit card and SME loans.

The bank has launched measures to help debtors to overcome the COVID-19 situation. The bank is ready to help customers get through the crisis by providing useful advice and guidelines to ease the burden of retail customers and SMEs. Supportive measures for Bualuang loan and unsecured personal loan customers include a 3-month loan holiday and at least a 30% reduction in installments. The bank also helps ease the burden of retail customers by reducing the minimum installment payment rate from 10% to 5% until December 31, 2021 for all types of Bangkok Bank credit cardholders. Customers can ask for advice on the various measures as well as financial planning directly from bank staff and partner companies at the event.

Furthermore, business customers who use loan services of Bangkok Bank and other financial institutions with a credit limit of 50-500 million baht can apply for the BOT’s 'DR BIZ’ project. Bangkok Bank has joined the project that aims to increase the efficiency of debt management for all financial institutions in an integrated and comprehensive manner. The project, which helps customers to survive the current challenging situation, includes fixing old debt such as reducing installment payments, extending debt repayment periods, adjusting conditions to suit customer needs and/or setting the appropriate grace periods and installment periods. In addition, the project also provides new loans to promising debtors with a clear business plan, intention to conduct business seriously, and good debt repayment behavior to help their business move forward. The DR BIZ project is open for applications until 31 December 2020. Those interested in participating this project can ask for more information at the Bangkok Bank booth at the event.

This year's promotional activities include free Body Composition check-ups from Bangkok Hospital Udon worth 599 baht and e-Stamp collection via QR Code or when applying for products and services at the event. These activities are organized to offer digital experiences in line with the New Normal era while creating a fun atmosphere by providing special prizes and gifts for customers at the event, including:

One 'Welcome Tote Bag’ when registering for the event via QR Code and adding Bangkok Bank Line Official. In addition, get a special gift such as an umbrella or multipurpose box worth 250 baht, when applying for the bank’s products that meet the conditions through e-Stamp collectionOne gift voucher worth up to 1,000 baht when applying and paying for life insurance premiums according to the conditionsOne Blue Bag worth 390 baht, plus a free survey and assessment fee worth 3,210 baht and a credit management fee when booking properties for sale at the eventMore 'Rewards’ when applying for Bangkok Bank Mobile Banking and entering a special code through the mobile applicationOne 'Welcome Gift Limited Edition’ from LINE FRIENDS worth 890 baht and a discount coupon worth 500 baht every month via Rabbit Line Pay when applying for a Be1st Smart Rabbit LINE Pay CardOne 'Tote Bag Limited Edition’ worth 195 baht when applying for BeMerchant NextGen

“The current challenging situation has resulted in consumers adjusting their behavior to the New Normal era, whether it is receiving information through online media or using digital platforms as the main channel for transactions. Studying and understanding consumer data and insights from the past seven years has enabled the bank to target consumers with products that perfectly meet their needs. During the COVID-19 situation, people are increasingly paying attention to financial planning, which is not only about creating wealth but also ensuring security under rapidly changing global circumstances. Therefore, the bank and our subsidiaries offer a wide range of products to meet the needs of customers including those who want to save money, to invest in various ways, who need access to credit, and those affected by the COVID-19 situation who want to access banking assistance measures. The bank also offers real-time access to the same products, services, and promotions on the organizer's online website, to provide greater convenience to consumers in Udonthani and neighboring provinces while cementing its status as a 'trusted partner’ ready to support customers in every situation.”

Visitors to the Bangkok Bank booth could inquire about products and services, request financial and investment advice, apply for services, and receive promotions and special souvenirs. Money Expo Udonthani 2020 was held from October 9-11, 2020 at Udonthani Hall, Central Plaza Udonthani.

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