Bangkok Bank supports Index Living Mall’s expansion with a Baht 4.6 billion loan

Monday 18 July 2011 09:27
Bangkok Bank is providing a Baht 4.6 billion loan to Index Living Mall in support of the company’s investment and business development goals, including the expansion of its sales galleries in Thailand and abroad. The loan support will help the company become a leader in Asia’s furniture and home decoration industry and prepare for competition in ‘The Decade of Asia’.

Bangkok Bank Senior Executive Vice President Chansak Fuangfu said Bangkok Bank is happy and proud to play a part in Index Living Mall’s success by providing lending support of Baht 4.6 billion. The funds will be used to expand the company’s business and help it become a leading furniture and home decoration products manufacturer and seller with world class operations. Bangkok Bank is confident about Index Living Mall’s long-term growth potential and competitiveness, and is committed to continue its partnership with a wide range of Thai family enterprises to help them expand into regional and global markets.

Index Living Mall Managing Director Kridchanok Patamasatayasonthi revealed the company plans to increase the number of its outlets locally and internationally to ensure it emerges as the home furnishings and decorations market leader in Asia. Financial support from Bangkok Bank is important in the company’s strategy and application of its business goals. In addition to outlet expansion, Index Living Mall is also focused on product development, including providing a variety of products, cutting edge designs, product functions, innovation in every product category and excellent customer service. The company is also committed to empower its staff to ready themselves for the company’s growth.

“Bangkok Bank’s international network includes major trading partners in Asia and across the globe including Beijing, Shanghai, Xiamen, Shenzhen, Tokyo, London and New York. In China, Bangkok Bank is the only Thai bank with a local license, which means it can provide a variety of financial services to its customers including transactions in Renminbi,” Mr. Chansak said.