Bangkok Bank joins InterGold to provide ‘Supply Chain Finance’
Bangkok Bank joins InterGold to provide ‘Supply Chain Finance’ for gold shops featuring special interest rates and real-time credit withdrawal while emphasizing its status as a ‘trusted partner’ that supports customers to seize business opportunities
Bangkok Bank has joined InterGold Gold Trade Co., Ltd. to launch “Supply Chain Finance”, a service that provides gold traders with access to full funding sources and aims to increase working capital to trade gold. The service offers high credit limits and special interest rates while enabling customers to make secure, fee free credit withdrawals 24 hours a day, meeting customer needs of having a “trusted partner” while enhancing growth opportunities for Thai entrepreneurs in a thriving gold investment market.
Bangkok Bank Executive Vice President Pipat Assamongkol said the Bank has cooperated with InterGold Gold Trade Co., Ltd., one of Thailand’s major importers and exporters of gold bars, to launch “Supply Chain Finance” for gold traders. This is an online service that enhances the financial potential of entrepreneurs who partner with InterGold so that they have available working capital and are ready to seize business opportunities, especially in the gold market which continues to be popular with investors and savers. The Bank has designed the service to be flexible, and special interest rates perfectly meet customer needs. In addition, it is also convenient as customers can withdraw their credit, make payments and check their remaining credit limit online 24-hours a day, as well as benefiting from free transactions and the highest security standards.
“This partnership between the Bank and InterGold Gold Trade is another important step that will strengthen InterGold’s trading partners, giving them liquidity that enables them to buy and sell gold at the right time. Gold is a popular asset and a popular alternative savings option among investors. The market continues to grow because it is a safe, stable asset and one of the few asset classes that does not fluctuate according to economic crises or war. Therefore, the “Supply Chain Finance” service is ready to be a complete source of capital that will help strengthen the financial potential of InterGold’s trading partners. As a “trusted partner”, Bangkok Bank is proud to help enhance the potential of Thai entrepreneurs so they can capture business opportunities and achieve strong and stable growth,” said Mr. Pipat.
Mr. Teerarat Jutavarakul, Managing Director, InterGold Gold Trade Co., Ltd. said that the company has more than 70-year experience in the gold market and is one of the major importers and exporters of gold bullion in the country. The company responds to the needs of customers in the gold business servicing both retail-wholesale customers and retail investors with 96.5% standard gold bars (Office of the Consumer Protection Board standard) and 99.99% gold bars (LBMA standard) that are accepted in Thailand and the global market. Its services are available via Gold Phone, Gold Online and the InterGOLD Application.The collaboration with Bangkok Bank for “Supply Chain Finance” service will greatly benefit InterGold members by allowing them to access capital sources with low interest rates that will enhance their liquidity and increase cash flow for further investment in gold trading which will lead to greater profitability.
“InterGold is delighted to collaborate with Bangkok Bank, a leading financial institution, to jointly support credit facilities for our trading partners through the “Supply Chain Finance” service. This service not only enhances liquidity for InterGold’s trading partners, but also enables them to conduct business and invest in gold trading more profitably, especially in the current market environment where gold prices are constantly fluctuating and attracting considerable interest from investors engaged in both short-term and long-term trading,” Mr. Theerathat said.
Partners of InterGold Gold Trade Co., Ltd. or those interested in the ‘Supply Chain Finance’ loan can visit www.bangkokbank.com or contact us via email at tradeservices.cs@bangkokbank.com.
