Bank of Ayudha
Bank of Ayudhya, branded and commonly referred to as Krungsri, is the fifth largest bank in Thailand by assets. The bank officially opened its doors on April 1, 1945.
Krungsri is one of Thailand's leading players in personal loans, credit cards, and auto hirepurchase with market shares of 26%, 15% and 29%, respectively, at end February 2022.
The bank became a subsidiary of MUFG Bank in 2013. MUFG Bank is a wholly-owned subsidiary of Mitsubishi UFJ Financial Group (MUFG), Japan's largest banking group and one of the world's largest financial groups.
Bank of Ayudhya’s profitability recovers to pre-pandemic levels
Bank of Ayudhya’s profitability recovers to pre-pandemic levels
Bad loans are expected to stay at a ratio of 3% over the next 12 to 18 years.
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