SMU Industry Leaders Virtual Dialogue

SMU Industry Leaders Virtual Dialogue

By SMU City Perspectives team

Published 9 November, 2020


POINT OF VIEW

It is not only the progress in better reform that is important, but it is the quality; how we go about doing it to look into the impact on the environment, on the social aspect, as well as on the government structure.

Chartsiri Sophonpanich

President, Bangkok Bank PCL; Chair of SMU International Advisory Council (IAC) Thailand


In brief

  • Chartsiri Sophonpanich compared the 1997 Thailand crisis to the COVID-19 crisis, which mainly affected their export and tourism sectors comprising 60% and 20% of their market economies. He also compared their banking and financial situation to a Nike swoosh rather than the V-shape type of recovery. To mitigate the significant effects of the crisis, Thai banks worked with Central Bank to grant soft loans to qualified small businesses.
  • Mr Sophonpanich foresees a fundamental shift in and value added to existing sectors and thinks that customer requirements and market conditions are changing rapidly. The covid event will drive more change for the ASEAN region.
  • Mr Sophonpanich emphasised the importance of quality and sustainability in green finance as well as how such activities for funding will impact the environment on the social and governance aspects.

SMU Industry Leaders Virtual Dialogue featuring Mr Chartsiri Sophonpanich

The President of one of the country’s leading commercial banks believes working capital will help SMEs recover and restart the economy.

What insights come to mind?

What insights come to mind?

Respond to see what others think

What makes you skeptical?

We read every single story, comment and idea; and consolidate them into insights for our writer community.

What makes you curious?

We read every single story, comment and idea; and consolidate them into insights for our writer community.

What makes you optimistic?

We read every single story, comment and idea; and consolidate them into insights for our writer community.

What makes you on the fence?

We read every single story, comment and idea; and consolidate them into insights for our writer community.

Story successfully submitted.

Story successfully submitted.

Thank you for your story. We'll be consolidating all stories to kickstart a discussion portal in our next release. Subscribe to get updates on its launch.

I consent to SMU collecting, using and disclosing my personal data to provide information relating to XXX offered by SMU that I am signing up for/that I have indicated my interest in.

I can find out about my rights and choices and how my personal data is used and disclosed here.

Methodology & References

Inside the mind of

Chartsiri Sophonpanich serves as Chair of the SMU International Advisory Council (IAC) Thailand. He is a Thai banker and is the current President of Bangkok Bank, the largest commercial bank in Thailand and one of the largest regional banks in Southeast Asia, and Chairman of Bangkok Bank (China).