Krungthai Bank: Leader in Innovative Banking Solutions

Krungthai Bank has been a leader in innovative banking solutions for many years. With its commitment to technology and customer satisfaction, it's no wonder why the bank has become a trusted name in Thailand.

Krungthai Bank's digital banking platform has made it easy for customers to manage their accounts online. Customers can access their accounts, pay bills, and even apply for loans from the comfort of their own homes.

The bank's commitment to innovation has also led to the development of mobile banking apps that allow customers to bank on the go. This has made banking more convenient and accessible to a wider range of customers.

Krungthai Bank's focus on technology has also led to the implementation of cutting-edge security measures to protect customer data. This includes advanced encryption and two-factor authentication to ensure that customer information remains safe.

Krungthai Bank offers a wide range of services and products to cater to its customers' diverse needs.

The bank provides various types of deposits, including savings accounts, time deposits, and foreign currency deposits.

Krungthai Bank's online banking services allow customers to manage their accounts, pay bills, and transfer funds from the comfort of their own homes.

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Krungthai Bank has built digital platforms to complement its corporate portal, including Cloud Enterprise Resource Planning (ERP) as a service, which seamlessly integrates with Krungthai BUSINESS via open banking API technology.

This integration allows customers to manage sales activities such as quotation preparation, purchase order issuing, generating tax invoices, exchanging data online and connecting with their partners.

Its powerful backend processing supports intra-bank and cross-bank transactions through Thailand's National Common Infrastructure called 'PromptBIZ'.

Krungthai's structured notes business has seen significant growth, with the bank issuing its first note linked to an index of luxury goods companies, raising around 700 million baht ($19 million).

The bank has since issued structured notes linked to various indices, including an all-weather QIS basket and an index of companies involved with artificial intelligence, and has also introduced notes with underlyings such as foreign exchange, rates, and ETFs.

Every year, the size of issuance increases, with the bank selling 3.5 billion baht ($98 million) in a single tranche last year.

Krungthai's 13-year Thai baht callable fixed rate note was a groundbreaking achievement, extending the bank's capabilities in the structured notes space.

The bank works with foreign-partner banks to offer these long-tenor trades, with its partner banks helping with the optionality.

Krungthai has capitalized on a recent relaxation of Thai rules allowing CLNs to be issued to high-net-worth individuals (HNWIs), becoming the first bank in Thailand to do so.

The size of issuance to HNWIs has been small so far, but the bank believes it represents a new opportunity in the market that will grow.