Bangkok Bank joins NGG Trade, a leading gold trading business, to offer the "Supply Chain Finance" services with special interest rates and real-time fund withdrawal while emphasizing its role as a "trusted partner" that supports customers to capture opportunities to expand their business
Bangkok Bank has joined with NGG Trade Co., Ltd to provide the online Supply Chain Finance services to facilitate gold traders, offering a credit line of 100% of gold trading value with special interest rates and flexible terms. Customers can withdraw funds in real time to seize investment opportunities quickly, conveniently and easily. Customers can withdraw funds worry-free at any time on every day, even on holidays, confident of the highest levels of security standards. The Bank stands ready as a trusted partner
to support strong growth of the gold industry.
Bangkok Bank Executive Vice President, Corporate Cash Management Services and Trade Services, Pipat Assamongkol said Bangkok Bank joined NGG Trade Co., Ltd, an NGG Group business and leading buyer and seller of gold and jewelry, to launch the comprehensive online Supply Chain Finance services aimed at supporting business opportunities and optimizing financial capabilities of NGG Trade's gold shop partners. The Bank offers a credit line of 100% of the gold trading value as working capital to increase liquidity to enable vendors to buy gold at the right time while also providing them with special offers and interest rates. Customers can withdraw funds to buy gold online any day of the week and view reports or check outstanding credit balance 24 hours a day.
"The Bank understands customers in the gold trading business need constant liquidity and working capital to seize investment opportunities as gold prices fluctuate. Our online Supply Chain Finance services will fully address these needs by offering high credit limits, flexible terms, and the ability to apply for loans 24/7 through a convenient and secure online platform. This presents a great opportunity for Bangkok Bank to strengthen its collaboration with leading Thai gold trading companies to enhance their competitiveness and aligns with the Bank's goal of supporting Thai businesses across all industries with suitable financial products and services as a 'trusted partner' that stands by and supports Thai businesses to seize every business opportunity," said Mr. Pipat.
Mr. Thanasak Saphirankul, Chief Executive Officer of NGG Trade Co., Ltd., highlighted that NGG Trade is a leading importer and exporter in Thailand's gold and jewelry industry, boasting over 40 years of experience. The company is committed to offering comprehensive services, consistently introducing innovations to meet the diverse needs of customers both online and offline. NGG Trade's operations span the entire value chain, from upstream to downstream, with factories and storefronts in leading department stores across Thailand. The company also has expertise in gold bars for industrial use and investment purposes. Additionally, NGG Trade has expanded its business collaboration with various financial institutions and industry leaders across ASEAN countries.
"Recently, we have partnered with Bangkok Bank to offer the Supply Chain Finance services aimed at supporting and expanding business opportunities for stronger growth. This initiative is particularly focused on enhancing the financial capabilities of our gold shop partners who require substantial reserves to invest and capitalize on business opportunities in a timely manner, allowing business to grow in line with our goals. Additionally, they need working capital to maintain smooth operations. By leveraging our extensive experience and expertise in gold-jewelry industrial development, we anticipate significant growth in the industry, and this will benefit the country. We are confident that this collaboration will strengthen and expand our business, enhance competitiveness, and grow our member network. We expect to see our nationwide customer base increase by at least 20-30%," concluded Mr. Thanasak.
NGG Trade partner companies interested in the comprehensive Supply Chain Finance services can find more information on the Bangkok Bank website at www.bangkokbank.com, or via email at tradeservices.cs@bangkokbank.com, or on the NGG Trade website at www.nggtrade.com. You can also call 0 2821 5355 or contact via Line@ nggtrade.