Krungsri (Bank of Ayudhya PCL), announces its commercial banking business strategy under the new Medium-Term Business Plan covering 2018-2020 (MTBP 2018-2020) with an aspiration to become a main operating bank for corporate customers and SMEs. With an aim to build a balanced portfolio to drive toward a sustainable growth, Krungsri will deploy digital technology and innovation to provide total financial solutions services, and continue to leverage synergy between Krungsri’s local expertise and MUFG’s global strength. For 2018, the commercial banking business targets a loan growth of 6-8% and a deposit growth of 6-8%.
Mr. Pornsanong Tuchinda, Krungsri Head of Commercial Banking, said, “Krungsri’s commercial banking group has succeeded in building asset growth under the first MTBP during 2015-2017 with an average loan growth of 7.5% per year and an average deposit growth of 5.0% per year. This reflected our capabilities to build on our success after the integration between Krungsri and BTMU Bangkok Branch, and the collaboration with MUFG’s global network. For our 2018-2020 Medium-Term Business Plan, we aim to utilize digital technology to enhance our productivity and efficiency, and upgrade working process to improve customer experience and deliver our services to create business opportunities for our customers. We aim to grow both loans and deposits concurrently, while strengthening our relationship with existing customers, as well as expanding customer base into new groups related to Thailand 4.0 economy.”
“Krungsri is moving ahead to be a trusted banking partner for large corporates and a main operating bank for small and medium sized enterprises (SMEs), as well as expanding auto dealer portfolio via maximizing our strength from synergy within Krungsri Group and MUFG’s global capabilities. The collaboration will enable Krungsri to deliver total financial solutions including loan products for business, trade finance services and a variety of services to serve foreign investments. For corporate and investment banking, Krungsri focuses on fee based business strategy and portfolio balance toward the sustainable asset growth and profitability. In addition, Krungsri arranges a variety of activities including advisory services and knowledge sharing to enhance Thai corporate customers’ expansion capabilities, as well as networking and business matching activities both domestic and international,” Mr. Pornsanong said.