Krungsri (Bank of Ayudhya PCL and its business units), a member of Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest financial groups, is focused on creating a sustainable future for the Bank, and its partners and customers as it enters the last year of the 2021-2023 Medium-Term Business Plan (MTBP). This year, Krungsri strives to reinforce its aim of “Being the Preferred Thai Bank Connecting Customers’ Needs across ASEAN” by focusing on three key areas: ASEAN-Linked Business – connecting businesses across ASEAN through innovative financial services; ESG-Linked Business – becoming the most sustainable commercial bank in Thailand and a leader in ESG finance; and Digital & Innovation – continuing to innovate new digital services and products for the benefit of people in Thailand and ASEAN.

Krungsri President and Chief Executive Officer Mr. Seiichiro Akita said, “As we enter the final year of our current Medium-Term Business Plan, we can look back on many successes. Enhanced ASEAN connectivity to key markets in the region, solid growth during the pandemic and building resilience towards recovery, and progress in our ambitions to deliver on our ESG commitment are key achievements during 2021-2022. We are confident this gives us a tremendous foundation to build on as we lead the way towards a sustainable future for all key stakeholders. This year will see us further enhance Krungsri’s position in ASEAN, elevate our positioning on ESG, and continue to leverage our digital and innovation leadership to enable business growth.”

2021-2022 achievements

While Thailand began its recovery from the global pandemic, Krungsri remained committed to proactively assisting their customers impacted by Covid-19 challenges and provided more than 150 billion Baht in business and household loans and more than 16 billion Baht in SME business loans to support recovery. Krungsri also recorded solid financial results during the year, with loans growing by 3.1% and recording profitability (NIM) of 3.45%.

During the first two years of current MTBP, Krungsri enhanced its strong ASEAN connections by expanding overseas businesses in The Philippines, Vietnam, and Indonesia, while Cambodia and Lao PDR maintained growth momentum. As a result, Krungsri acquired more than …