Krungsri

The main activity of the company Krungsri (Bank of Ayudhya Public Company Limited) is the provision of financial and banking services. It offers a wide range of products and services, including bank accounts, personal and commercial loans, credit cards, wealth management services, insurance, as well as financing solutions for individuals and businesses. Krungsri primarily serves the Thai market, covering individuals, SMEs and large corporations, while also offering international banking services.

History of Krungsri (Bank of Ayudhya Public Company Limited) and key stages of its development

Krungsri, officially Bank of Ayudhya Public Company Limited, is one of Thailand’s leading financial institutions. Founded in 1945, the bank has experienced continuous growth and has established itself as a major player in the Thai banking sector.

Key stages of its development:

• Establishment (1945): The bank was founded in Ayutthaya, Thailand, under the name Bank of Ayudhya.
• Product expansion: Gradual development of a comprehensive range of banking products: current accounts, savings, term deposits, personal loans, home loans, auto loans, credit cards, insurance, wealth management, business solutions, and digital services.
• Digitalization: Launch of digital solutions such as the Krungsri App, Krungsri Biz Online, Krungsri Cashlink, and LINE Krungsri Simple to meet the needs of individual and business clients.
• Strategic partnerships: Collaboration with international partners, notably the MUFG group (Mitsubishi UFJ Financial Group), one of the world’s largest financial institutions, thereby strengthening Krungsri’s position in the regional and international markets.
• Acquisitions and external growth: Integration of subsidiaries and complementary activities, particularly in consumer finance, asset management, and insurance, to broaden its service portfolio.
• Commitment to sustainability: Implementation of ESG (Environmental, Social, Governance) initiatives and sustainable development programs, illustrating the bank’s commitment to social and environmental responsibility.
• Recent strategic changes: Focus on innovation, digital transformation, and customer experience, with personalized offerings for different segments (youth, families, businesses, high-net-worth clients).

Today, Krungsri is recognized for its financial strength, innovation, and commitment to customer satisfaction, while continuing its expansion in Thailand and the Asia-Pacific region.

The founder of Krungsri Bank (Bank of Ayudhya Public Company Limited) is Chao Phraya Sri Suriyawongse, who established the bank in 1945. Today, Krungsri is part of the Mitsubishi UFJ Financial Group (MUFG), one of the largest financial groups in the world.

The main members of Krungsri’s executive team are:

• Mr. Seiichiro Akita – President and Chief Executive Officer (CEO)
• Mr. Teerapon Tanomsakyut – Chief Strategy Officer
• Mr. Noriaki Goto – Chairman of the Board
• Mr. Phonganant Thanattrai – Head of Retail and Consumer Banking
• Mr. Dan Harsono – Chief Marketing Officer
• Mr. Somkiat Sirichatchai – Head of Commercial Banking

This executive team oversees the bank’s strategic operations and development, drawing on the international expertise of the MUFG group.