Bangkok Bank joins Eurogiro

Eurogiro is pleased to welcome Bangkok Bank as the first Thai commercial Bank member to join the Eurogiro network.

Mr. Thanit Sirichote, Senior Vice President, Global Payment Services Department, Bangkok Bank said, We recognize that postal organisations have an increasingly important role to play in the international consumer remittance business. Our direct business relationship with post offices and post banks under the Eurogiro framework will make it more convenient and cost effective for customers to remit funds to and from Thailand. Germany, Britain, Switzerland, Italy, Japan and South Korea are key payment corridors for consumer payments into Thailand.

As Bangkok Bank is a leading member of all payment-related systems and organisations in Thailand, Mr. Sirichote is confident that Bangkok Bank is well-positioned to provide Eurogiro members with complete payment solutions in the Thai market. Implementation of the Eurogiro services is scheduled to be completed in July 2008. Bangkok Bank will offer Eurogiro members both credit transfers to account, including access to other banks in Thailand, as well as cash payout service at all Bangkok Bank branches across Thailand. Eurogiro members can now send Bangkok Bank SWIFT MT103 customer credit transfers as a single payment or in bulk files via the Eurogiro gateway.

Bangkok Bank is the largest commercial bank in Thailand, with assets of over USD 32 billion. It operates a domestic network of over 750 branches and 4,500 ATMs across Thailand and has an international branch network spanning 13 countries in the Asia Pacific, the United Kingdom and the United States. Bangkok Bank provides a wide range of payment services including consumer payments, corporate and international cash management services and clears more THB payments for foreign financial institutions than any other financial institution in Thailand.

For more information on connecting with Bangkok Bank via the Eurogiro network, contact Ms Benjawan Vichitthanaruk at Tel: +66 2 626 4155 or [email protected].