AMCHAM Member Directory
|Member Company since 2008|
|Address:||1222 Rama III Road, Bang Phongphang|
|Phone Number:||+66 (0) 2296-2000|
|Fax Number:||+66 (0) 2683-1304|
|Business Activity:||Banking & Financial Services|
|Bank of Ayudhya PCL., known in Thailand as “Krungsri”, along with its subsidiaries is collectively referred to as the Krungsri Group. Krungsri (SET symbol: BAY), was established on April 1, 1945, and its ordinary shares have been listed on the Stock Exchange of Thailand since 1977. The Group engages in businesses permitted under the Financial Institution Business Act, the Securities and Exchange Act, and other related laws, and is under supervision of the Bank of Thailand (BOT) and the Securities and Exchange Commission (SEC).|
At Krungsri, corporate governance philosophies are embedded at throughout our organization, activating at the policy level and emanating through all of our operational undertakings. Our operations are based on the principles of accountability, accuracy, transparency, fairness, and auditability. For us, honoring our corporate social responsibility commitment is also an important custom of corporate governance. In addition to doing business based on corporate governance principles, we are actively involved in giving back to the community, particularly on creating values on sustainability, championing community engagement, preserving the environment, and promoting financial literacy.
In 2013, Krungsri reached another key milestone in its history when it became a subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), a wholly-owned subsidiary of Mitsubishi UFJ Financial Group (MUFG), Japan’s largest banking group and one of the world’s largest and most diversified financial groups. BTMU’s investment resulted in credit ratings upgraded for Krungsri from key credit rating agencies, Fitch Ratings upgraded Krungsri’s rating from BBB to A-, which is at the country ceiling level for Thailand. while Moody’s Investors Service and Standard & Poor’s also upgraded Krungsri’s ratings from Baa2 to Baa1 and from BBB- to BBB+, respectively. Locally, Fitch Ratings (Thailand) and TRIS Ratings also upgraded the Bank’s rating from AA-(tha) to AAA(tha) and from AA- to AAA, respectively.
This strategic partnership leverages both Krungsri and BTMU’s complementary strengths thus establishing a unique position for Krungsri in the Thai banking industry. BTMU is a world-class financial institution with a business network covering in more than 50 countries worldwide. The partnership strengthens Krungsri’s leading position in the retail banking business in Thailand and across the region by providing access to a larger customer base. It also significantly enhances the scale and diversity of Krungsri’s corporate and SME banking businesses, particularly with Japanese enterprises and other MNCs in Thailand and across ASEAN.
Today, Krungsri is the fifth largest bank in Thailand with 1,432.0 billion baht in loans, 1,125.5 billion baht in deposits and 1,857.0 billion baht in total assets (as of March 2017). Krungsri Group serves over 8 million retail and commercial customers through 695 domestic (of which 658 are banking branches and 37 are auto business branches) and 3 overseas branches plus over 31,000 touch points nationwide. Krungsri Group is today’s leading player in consumer finance (personal loans and credit cards as well as in auto hire-purchase) and Japanese corporate market. The Krungsri brand is centered around simplicity. “Krungsri…Make Life Simple” is the commitment to making the right investments in our business to continuously streamline the banking experience for our customers’ benefit. Krungsri has been spearheading innovation in this area by offering integrated and simplified products and services like special high-yield Mee Tae Dai savings accounts, free bill payment & free ATM fee Jad Hai savings accounts, QuickPay using smartphones/tablets to offer convenient payment solutions and Krungsri Mobile App for easy access to banking services anywhere, anytime.
Krungsri Group products and services include:
•International trade and money transfer services
•Bill payment service
•Electronic and mobile banking services
•Exclusive banking service
•Foreign exchange and remittance service
•Investment banking service
•Securities business, custodian and trustee services
•Treasury and related services
•Auto hire purchase
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