Bank of Ayudhya (Krungsri)
Branches are furnished using a uniform yellow color, Krungsri’s corporate color, and customers are greeted by staff wearing uniforms of the same color. With a 70-year history, Krungsri is Thailand’s fifth largest commercial bank. Providing a wide range of services to both retail and corporate customers, Krungsri boasts top-tier domestic market shares, particularly in consumer finance segments including personal loans, credit cards, and auto finance.
At a Glance
658 branches 21,000 employees
With 658 branches, mainly in Bangkok, and around 21,000 group employees, we provide a wide variety of financial services.
¥6 trillion
Building on 70 years’ experience as a major Thai commercial bank, our total assets are ¥6 trillion, the fifth largest in the sector in Thailand.
No. 1
We have top-tier performance in the Thai consumer finance segment, with number one positions in personal loans and credit card business.
Integration with BTMU Bangkok Branch
BTMU Bangkok Branch was the largest foreign bank in Thailand, and was integrated into Krungsri in January 2015. This has created a hybrid bank that offers higher value-added services utilizing Krungsri’s solid operating base and local network in Thailand and MUFG’s global network.
For example, Krungsri can use its local network to provide Japanese companies developing businesses in Thailand with settlement services and business matching opportunities, as well as retail deposits, fund transfers, and partnered loans for those companies’ employees.
At the same time, as Thai companies become more international, they can use MUFG’s global network to access trade finance, global syndication structuring, and support for overseas business development, all through a single contact point.
Becoming a Leading Financial Group in Asia
With this year’s launch of the ASEAN Economic Community (AEC), the Mekong economic region is seeing further advances by Japanese companies and the growth of local companies, and cross-border business in the region is expected to become increasingly active.
MUFG is positioning Krungsri as the core of our Mekong business, to contribute further to our customers’ growth and the economic growth of the Mekong region, while also aiming to be “Asia’s leading financial group.”
Ongoing Initiatives in the Market
Cooperative Initiatives
Business Matching
Krungsri and BTMU organized a Business Matching Fair in Bangkok in September 2014. The fair was attended by approximately 50 Japanese companies looking to sell Thai products and services or procure raw materials from Thailand, and approximately 80 Thai companies.
Krungsri Credit Card
The number of tourists from Thailand visiting Japan has grown significantly in recent years, and MUFG is offering services to these customers using its comprehensive group strength and global network. One initiative enables holders of the Krungsri Credit Card to receive discounts or special offers when using their card at designated stores and restaurants in Japan that accept Mitsubishi UFJ NICOS credit cards. MUFG will continue to develop services going forward that allow Krungsri cardholders and Mitsubishi UFJ NICOS affiliates to enjoy mutual benefits.
