- Business
- Bank of Ayudhya Public Company Limited (Krungsri) operates as Thailand's fifth largest universal bank in terms of loans and deposits, providing a full range of commercial banking products and services to individual consumers, small and medium-sized enterprises, large corporations, and financial institutions through its retail, commercial, and other segments. The retail segment offers current and savings accounts, fixed deposits, bills of exchange, housing loans, credit cards, personal loans, sales finance loans, hire-purchase and leasing, wealth management, and bancassurance products; the commercial segment delivers credit facilities including short-term working capital, cash management, trade finance, transactional banking, advisory services, treasury and money market products, refinancing, venture capital, car rental, personnel services, collection services, mutual funds, private fund management, factoring, information technology services, microfinance, real estate leasing, asset management, and securities brokerage, as well as life assurance and general insurance broking; additional operations encompass non-performing asset management and development. Krungsri maintains approximately 700 branches, including 663 banking branches and 37 auto business branches, plus over 35,000 service outlets nationwide, primarily serving the Thai market while pursuing ASEAN expansion, and operates as a subsidiary of MUFG Bank, Ltd. Founded in 1945 and headquartered at 1222 Rama III Road in Bangkok, Thailand, the bank listed its ordinary shares on the Stock Exchange of Thailand in 1977. Recent developments include accelerating the acquisition of the remaining 50% stake in SHB Finance in Vietnam, anticipated for completion by mid-2025 pending regulatory approval to bolster its ASEAN footprint; launching five new Retirement Mutual Funds in October 2025, such as Krungsri Japan Equity Index RMF, Krungsri China Equity CSI 300 RMF, and Krungsri Global Dividend RMF; advancing the "GO ASEAN with Krungsri" strategy through partnerships like ASEAN Privilege with King Power and The Mall Group, plus forthcoming alliances with Thai hospital groups; introducing cross-border QR payments to Hong Kong via the KMA Krungsri app; and advising on major deals including Thailand's largest 2024 renewable energy M&A, a 90% stake sale in a 139.4-megawatt solar portfolio valued at 4,828 million baht in partnership with MUFG, alongside initiatives targeting high-growth sectors like bio green technology, semiconductors, food innovation, and smart agriculture across ASEAN.