Comparative Analysis of Industrial Bank of Korea Manila Branch and Bangkok Bank Co. Ltd.

NATIONAL UNIVERSITY
551 MF JHOCSON ST., SAMPALOC MANILA, PHILIPPINES
COLLEGE OF BUSINESS AND ACCOUNTANCY

Comparative Analysis of Industrial Bank of Korea Manila Branch and Bangkok Bank Co. Ltd.

In partial fulfillment of the requirements for Banking and Financial Institution

Submitted by:
Trinidad, Realyn, B.
Tuhakiu, Catherin, A.

Submitted to:
Prof. A. V. Clarin

Date: November 15, 2020

Monetary Policy & Central Banking FIN201 Page 1 of 10

R. B. Trinidad, C. A. Tuhakiu 1 st Semester AY 2020-2021 Prof. A. V.
Clarin
Comparative Analysis of Industrial Bank of Korea Manila Branch and Bangkok Bank Co. Ltd.

BANKING AND FINANCIAL INSTITUTION

TITLE: Comparative Analysis of Industrial Bank of Korea Manila Branch and Bangkok Bank
Co. Ltd.

By: Trinidad, Realyn, B.

Tuhakiu, Catherin, A.

Date: November 16, 2020

Monetary Policy & Central Banking FIN201 Page 1 of 10

R. B. Trinidad, C. A. Tuhakiu 1 st Semester AY 2020-2021 Prof. A. V.
Clarin
Comparative Analysis of Industrial Bank of Korea Manila Branch and Bangkok Bank Co. Ltd.

I. INTRODUCTION
INDUSTRIAL BANK OF KOREA-MANILA BRANCH.
The industrial bank of Korea is state owned bank by the government of the Republic of
Korea which was then established a branch in the Philippines after it becomes the fourth
Asian bank to get permit from the Bangko Sentral ng Pilipinas. The establishment of the
industrial bank of Philippines was approved by the Bangko sentral ng Pilipinas in 2015. Their
focus was to help and build Korean Enterprises in the Philippines by providing their needs
and services. This bank located at One World Place, 9th Avenue, Taguig, NCR, Philippines,
and they have 1-50 employees that have the regular working days Mondays – Fridays, all of
the employees are required to speak English as their spoken language.
The industrial bank of Korea take advantage of its strength and stability that also helped the
Economy of the country grow faster, these bank have creative products and services which
they aim to bring healthy growth, open communication, pioneering market, and empowering
employees, and to help customers by moving forward in achieving their dreams, they also
offers an exciting and wide-ranging career for both local and international opportunities.
Bangkok Bank Co. Ltd.
The Thai commercial bank branch in the Philippines, established in 1995. The Manila
Branch provides commercial banking services to local corporate customers, while The
Branch’s Business Center provides in Depth advice on customers’ financial needs. Its main
business is in Trade Services Export/Import Finance and Services as well as Remittance,
Foreign Exchange, and Loans and Deposits. Bangkok Bank Manila Branch clients include
both Thai and Philippine export/import and manufacturing businesses. The Bangkok Bank’s
Manila Branch recognizes the rights of the consumer in their financial products and services.
They always aim to provide excellent quality of service as possible. They also value
consumer privacy and will only use consumer personal information to administer their
account and to provide products and services that they have requested from the bank.
Bangkok Bank is Thailand largest commercial bank and one of South East Asia leading
banks, with US $46 billion in assets and over 800 domestic branches and business centers
and more than 16 million accounts. Bangkok Bank has the oldest and widest international
branch network coverage of any Thai bank, dating back over 50 years and spanning 21
locations around the world, with active expansion in China.
Based on what we’ve researched between two banks. The Industrial Bank of Korea-Manila
Branch and Bangkok Bank Co. Ltd. They have a different offers in product and services on
their operations and policies on their bank. Industrial Bank of Korea-Manila Branch it was
established in 2015. Focuses in building Korea Enterprises in the Philippines by providing
services and their needs. The Industrial bank of Korea in Philippines take advantage of its
strength and stability that also helped the economy of the country grow faster. They also
offer an exciting and wide ranging career for both local and international opportunities. While
The Bangkok Bank Co. Ltd. Is established in 1995. The main business is to Trade services
Export/ Import finance and Services as well as Remittance, Foreign Exchange, and Loans
and Deposits. The Bangkok bank recognizes the rights of the consumers in their financial
products and services. They also value consumer personal information to administer their
account and to provide products and services that they have request from the banks.

Monetary Policy & Central Banking FIN201 Page 1 of 10

R. B. Trinidad, C. A. Tuhakiu 1 st Semester AY 2020-2021 Prof. A. V.
Clarin
Comparative Analysis of Industrial Bank of Korea Manila Branch and Bangkok Bank Co. Ltd.

II. ABSTRACT
These banks has its own potential and importance within the country, they both serve with
different aspects but enough purpose to fulfill in each and every customer. Just like in Korea
bank, they priorities the strength and stability of the country that helped the economy grow
faster. They also emphasize a wide range of careers with countrymen either local or
international.
While in Thailand banks, they priorities the personal security and information of the members
to administer their accounts. They provide products and services that the customers
requested from the bank. They value the privacy of the customers not just because it is
needed but also to let the members know they are worth the trust because of the very
sensitive information they handle. They always aim to provide excellent quality of services as
possible.

Monetary Policy & Central Banking FIN201 Page 1 of 10

R. B. Trinidad, C. A. Tuhakiu 1 st Semester AY 2020-2021 Prof. A. V.
Clarin
Comparative Analysis of Industrial Bank of Korea Manila Branch and Bangkok Bank Co. Ltd.

III. MARKETING

Marketing plays an informative role in the banking sector, it is used to reach out to
more and more customers by explaining to them the benefits of depositing and
loaning money at the bank and that generates income to the bank.
Industrial Bank of Korea-Manila Brach creates their market strategies by giving out
loan to their customers or consumers at low interest rate. Allow customers to make
deposits that they can withdraw at any time that encourages customers make more
deposits at the bank , they also make loans available for its customers providing the
interest rate is low and that the period to repay the loan is longer, and they too
transfer deposit certificate(CD) to other banks within the country, giving total housing
subscription savings and a comprehensive savings for youth preferential housing
subscription.
While Bangkok Bank Co. Ltd their business banking services include syndicated loans,
debt securities underwriting, trade finance, project finance, custodial services, SME and
merchant services, and specialist industry advice. they service both their business and retail
customers through nationwide branch network, phone banking, and a convenient easy-to-
use bilingual internet and mobile-banking platform enabling fast, round-the-clock banking.
Their market leadership is due to our philosophy of developing long-term supportive
partnerships with their customers, as well as focusing on the future by developing secure,
digital ways to bank and manage money.

Monetary Policy & Central Banking FIN201 Page 1 of 10

R. B. Trinidad, C. A. Tuhakiu 1 st Semester AY 2020-2021 Prof. A. V.
Clarin
Comparative Analysis of Industrial Bank of Korea Manila Branch and Bangkok Bank Co. Ltd.

IV. PRODUCT AND SERVICES

INDUSTRIAL BANK OF KOREA BANGKOK BANK

MANILA BRANCH Co. Ltd.
DEPOSIT PRODUCT Trade Finance

 Saving money  Import services

 Throat roll  Export services
 Freedom of speech and withdrawal
 Marketable deposit
 House subscription
 Share price linkage
 Small and medium finance bonds

LOAN PRODUCT COPORATE LENDING

 Mortgage loan  Term loans

 Personal mortgage loan  Fixed loans
 Private Transfer  Revolving short-term loans
 Long-term card loan  Bank Guarantees
 Technology finance loan
 Corporate loan

CARD PRODUCT REMITTANCE

 Credit card  T/T (SWIFT)

 Check card  Demand Draft
 Platinum card  Cashier orders
 Gift card  Thai baht express transfer
 Corporate card  Domestic transfer via PDTC/EPCS

SEVICES TYPE FOREIGN EXCHANGE SERVICES

 Internet banking  Forward exchange cover

 IBK open banking  Spot exchange
 Account transfer service
 IBK zero pay

DEPOSITS

 Saving accounts
 Current accounts
 Fixed deposit accounts

FUND TRANSFER via PESONet

 Transfer money easily to the

Philippines in Philippine peso
currency and affordable PESONet
service.

Monetary Policy & Central Banking FIN201 Page 1 of 10

R. B. Trinidad, C. A. Tuhakiu 1 st Semester AY 2020-2021 Prof. A. V.
Clarin
Comparative Analysis of Industrial Bank of Korea Manila Branch and Bangkok Bank Co. Ltd.

V. REFERENCES
Bangkok Bank Co. Ltd. Retrieved from:
https://www.bangkokbank.com/en/International-Banking/Asean/Philippines-Business-
Banking

Monetary Policy & Central Banking FIN201 Page 1 of 10

R. B. Trinidad, C. A. Tuhakiu 1 st Semester AY 2020-2021 Prof. A. V.
Clarin