Bank of Ayudhya Complete Business and Financial Guide

Bank of Ayudhya is a leading financial institution in Thailand, offering a wide range of services to cater to various needs of its customers.

The bank was founded in 1944 as a joint venture between Siam Commercial Bank and the Bank of British Burma, and has since grown to become one of the largest banks in the country.

Bank of Ayudhya has a strong presence in Thailand with over 1,000 branches and 10,000 ATMs, making it easily accessible to customers nationwide.

Its extensive network and reputation for reliability have made it a trusted partner for individuals, businesses, and organizations alike.

Bank of Ayudhya Public Co Ltd, also known as Krungsri, is a financial institution that offers a wide range of banking and related financial services. The bank's main activities include retail and commercial banking, providing individual customers and institutional clients with diverse financial products and services.

Krungsri operates through a network of branches and representative offices in several Asian countries, including Lao PDR, Cambodia, the Philippines, Vietnam, Indonesia, and Myanmar. It serves individual customers, corporate clients, small and medium-sized businesses, and financial institutions across various industries.

The bank's headquarters is located in Bangkok, Thailand, and it offers a variety of financial products and services, including current and savings accounts, fixed deposits, loans, credit cards, wealth management, and bancassurance products.

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Krungsri, officially known as the Bank of Ayudhya Public Company Limited, has a rich history dating back to April 1, 1945, when it first opened its doors on Talad Hua Ro Road in Phra Nakhon Si Ayutthaya Province.

The bank's early success led to its expansion, and it later opened a Bangkok office on Ratchawong Road, becoming a prominent financial institution in the country. In 1977, Krungsri listed on the Stock Exchange of Thailand, marking a significant milestone in its growth.

Krungsri's commitment to innovation led to its relocation to a new Head Office on Ploenchit Road, which was considered one of the most modern office buildings in Asia at the time. The bank's public favor and rapid growth continued, with it becoming a public company in 1993.

In 2007, Krungsri formed a strategic partnership with GE Money, a global consumer financial services firm, reflecting GE's confidence in Krungsri's potential. This partnership aimed to leverage the synergy between the two organizations, enabling Krungsri to become a leading universal bank in Thailand.

Here's a brief timeline of some key events in Krungsri's history:

Krungsri's recognition as a D-SIB in 2017 marked a significant achievement, solidifying its role in driving Thailand's economic engines and financial system.

Bank of Ayudhya Public Co Ltd, also known as Krungsri, is a financial institution that offers a wide range of banking and related financial services.

Krungsri was formed after undergoing changes in the late 2000s, including the acquisition of GE Money Thailand, and Bank of Ayudhya unified its subsidiaries and rebranded.

The bank serves individual customers, corporate clients, small and medium-sized businesses, and financial institutions across various industries. Its main activities include retail and commercial banking, providing diverse financial products and services.

Krungsri operates through a network of branches and representative offices in several Asian countries, including Lao PDR, Cambodia, the Philippines, Vietnam, Indonesia, and Myanmar.

Here's a breakdown of Krungsri's main services:

Krungsri is headquartered in Bangkok, Thailand, and its formal name and tagline are "Krungsri" and "Make Life Simple" respectively.

Bank of Ayudhya's business operations are highly efficient, with a network of over 700 branches across Thailand.

The bank's extensive network allows it to provide services to a wide range of customers, from individuals to large corporations.

Bank of Ayudhya has a strong presence in the Thai banking market, with a significant market share.

The bank's ability to effectively manage its operations has contributed to its success.

Its operations are supported by a team of experienced professionals who are well-equipped to handle the bank's various business activities.

Bank of Ayudhya's business operations are also supported by advanced technology, including online banking and mobile banking services.

These services enable customers to conduct their banking activities conveniently and efficiently.

Bank of Ayudhya offers a range of banking services, including retail banking, corporate banking, and investment banking.

The bank provides a variety of deposit accounts, such as savings accounts and current accounts, to cater to different customer needs.

You can open a savings account with a minimum deposit of 100 THB, and enjoy interest rates starting from 1.25% per annum.

The bank also offers a current account with a minimum deposit of 10,000 THB, designed for businesses and individuals with regular transactions.

Bank of Ayudhya's deposit accounts are insured by the Financial Institutions Development Fund (FIDF), providing customers with protection up to 20,000 THB.

The bank's investment banking services include securities trading, investment advice, and asset management.

Bank of Ayudhya's corporate banking services cater to large corporations and businesses, offering customized financial solutions.

You can access your Bank of Ayudhya account online or through their mobile banking app, allowing you to manage your finances on the go.

The bank's customer service is available 24/7, providing assistance and support to customers through various channels.

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Bank of Ayudhya's SWIFT code is AYUDTHBK. This unique code is used for international wire transfers and is a crucial part of the bank's global transactions.

The SWIFT code is a combination of letters and numbers that identifies the bank and its location. It's essential to use the correct SWIFT code to ensure smooth international transactions.

Bank of Ayudhya's SWIFT code is AYUDTHBK, which is used by banks worldwide to facilitate international transactions.

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Bank of Ayudhya has had a busy year, with several key announcements and updates. In the third quarter of 2024, the bank reported its earnings results, which were announced on October 18, 2024.

The bank also made some significant changes to its leadership team, with Pathatai Kulachan appointed as the Head of ASEAN Business Group in March 2024. This move is likely to have a positive impact on the bank's expansion plans in the region.

In a major acquisition, MUFG Bank, Ltd., Bank of Ayudhya, and other investors completed the purchase of a 100% stake in HC Consumer Finance Philippines, Inc. and an 85% stake in PT Home Credit Indonesia from Home Credit Group B.V. in October 2023. This deal is expected to strengthen the bank's presence in the Southeast Asian market.

Here are some key dates related to Bank of Ayudhya's announcements and updates:

Bank of Ayudhya has a vast distribution network that spans across the country. With 590 domestic branches, it's clear that the bank has made a significant effort to reach out to its customers.

The bank's domestic branches are divided into two categories: Banking Branches and Auto Business Branches. There are 550 Banking Branches and 40 Auto Business Branches, giving customers a wide range of services to choose from.

The bank also has a presence in other countries, with branches in Vientiane, Lao PDR and a representative office in Myanmar. This international presence is a testament to the bank's commitment to serving its customers beyond borders.

Here's a breakdown of the bank's distribution network:

Meet the Managers and Directors of Bank of Ayudhya. Kenichi Yamato serves as the CEO, a position he's held since May 14, 2023.

Duangdao Wongpanitkit has been the Director of Finance/CFO since December 31, 2012. Sayam Prasitsirigul is the Chief Tech/Sci/R&D Officer, a role he's held since December 31, 2020.

The Bank of Ayudhya also has a team of experienced Directors/Board Members. Virat Phairatphiboon has been a Director/Board Member since December 1, 1998, making him one of the longest-serving members.

Here's a list of the current Directors and their positions:

Krungsri's distribution network is quite extensive, with 590 domestic branches across the country. Each of these branches offers a range of services, including banking, auto business, and more.

The company has a significant presence in rural areas, with 550 banking branches and 40 auto business branches. This extensive network helps to reach a wider customer base.

Krungsri also has a presence in neighboring countries, with a branch in Vientiane, Lao PDR, and a representative office in Myanmar. This international presence is a testament to the company's commitment to serving its customers across borders.

In terms of accessibility, Krungsri has a large number of ATMs, with a total of 5,605 available to customers. This makes it easy for customers to access their accounts and conduct transactions at any time.

Here's a breakdown of Krungsri's distribution network: