Bank of Ayudhya Public Company Limited (Krungsri)



About Us

Bank of Ayudhya PCL., known in Thailand as “Krungsri”, along with its subsidiaries, is collectively referred to as Krungsri Group. Established on January 27, 1945 and officially opening its doors to the public on April 1, 1945, Krungsri has been listed on the Stock Exchange of Thailand (SET symbol: BAY) since September 26, 1977. Krungsri 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 philosophy is embedded throughout our organization, being activated at the policy level and emanated 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 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 the Bank became a subsidiary of MUFG Bank, Ltd. (MUFG Bank) (The Bank of Tokyo Mitsubishi UFJ (BTMU) was renamed MUFG Bank on 1 April 2018), a wholly-owned subsidiary of Mitsubishi UFJ Financial Group (MUFG), Japan’s largest banking group and one of the world’s largest financial groups. MUFG Bank’s investment led to Krungsri’s credit rating upgrades from major credit rating agencies. Among them were Fitch Ratings which upgraded Krungsri’s rating from BBB to A-, Thailand’s country ceiling, and Moody’s Investors Service and Standard & Poor’s which also granted Krungsri rating upgrades from Baa2 to Baa1 and from BBB- to BBB+, respectively. Locally, the Bank also won rating upgrades from Fitch Ratings (Thailand) and TRIS Ratings from AA-(tha) to AAA (tha) and from AA- to AAA, respectively.

Through this strategic partnership, complementary strengths of both Krungsri and MUFG Bank have been leveraged, thus establishing a unique position for Krungsri in the Thai banking industry. MUFG Bank is a world-class financial institution with business networks covering 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 an access to a larger customer base. It also significantly enhances the scale and diversity of Krungsri’s corporate and SME banking businesses, particularly Japanese enterprises and other MNCs in Thailand and across ASEAN.

Today, Krungsri is the fifth largest financial group in Thailand in terms of assets, loans, and deposits, being one of Thailand’s Domestic Systemically Important Banks (D-SIBs) with 1.76 trillion baht in loans, 1.50 trillion baht in deposits, and 2.28 trillion baht in total assets (as of June 2019). Krungsri Group serves over 8 million retail and commercial customers through 698 domestic branches (of which 658 are banking branches and 40 are auto business branches) and 2 overseas branches plus over 34,186 service outlets nationwide. Krungsri Group is today’s leading player in consumer finance (personal loans and credit cards as well as auto hire-purchase financing) and the 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 the special high-yield Mee Tae Dai savings account, and the Jad Hai savings account which offers free and unlimited transactions including cross-district and interbank funds transfers, bill payments, and free withdrawals from all ATMs of all banks nationwide. In addition, Krungsri Mobile App (KMA) is designed for an easy access to banking services anywhere, anytime to accommodate today’s digital channel transactions.
Krungsri Group products and services include:
•Deposit services
•Lending services
•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
•Personal loans
•Credit cards
•Insurance broker
•Wealth management
•Asset management

AMCHAM Member Since 2008


Rep/Contact Info

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Seiichiro Akita
President and Chief Executive Officer
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Mingkwan Pattanawong
Executive Vice President, Head of Corporate Branding and Marketing Division
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Poonsit Wongthawatchai
Executive Vice President, Head of Environment, Social, and Governance Division