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Native name | ธนาคารกรุงศรีอยุธยา จำกัด มหาชน |
---|---|
Company type | Public Company Limited |
SET: BAY | |
Industry | banking |
Founded | 27 January 1945 [1] |
Headquarters | 1222 Rama III Rd, Yan Nawa, Bangkok 10120 |
Key people | Seiichiro Akita (President and CEO) Karun Kittisataporn (Chairman) |
Services | Banking |
Revenue | 111,840 million baht (2016) [2] |
21,404 million baht(2016) [3] : 19 | |
Total assets | 1,833,188 million baht (2016) [3] : 19 |
Total equity | 208,768 million baht(2016) [3] : 19 |
Number of employees | 22,834 (2015) [1] |
Parent | MUFG Bank [1] |
Website | krungsri |
Bank of Ayudhya Public Company Limited, branded and commonly referred to as Krungsri (sometimes stylized as krungsri), is the fifth largest bank in Thailand in terms of assets, loans, and deposits. [4] Through its branches and service outlets are in Thailand and abroad, the company provides banking, consumer finance, investment, asset management, and other financial products and services to small and medium enterprises, large corporations and individual customers.
The Bank of Ayudhya was established on 27 January 1945 in Phra Nakhon Si Ayutthaya Province, the old capital of Thailand. The bank opened its doors on April 1, 1945, with registered capital of one million baht.
In 1970, the bank's head office was relocated to Ploenchit Road, coinciding with the bank's celebration of the royal warrant of appointment (garuda) emblem, granted by the king to the bank on 15 May 1970. The bank was listed on the Stock Exchange of Thailand on 26 September 1977, trading symbol, "BAY". [1]
On 3 January 2007, Krungsri and GE Capital became strategic partners. GE Capital and Ratanarak Group were major shareholders with a 33 percent and a 25 percent stake in BAY, respectively.
In September 2012, GE announced the sale of 7.6 percent of its stake in Krungsri via a number of block trades, reducing their ownership to 25.33 percent. [5]
On 18 December 2013, MUFG Bank, Ltd., the wholly owned subsidiary of Mitsubishi UFJ Financial Group (MUFG), Japan's largest banking group, replaced GE Capital as the major shareholder of Krungsri. [ citation needed ]
After having undergone changes in the late-2000s, including the acquisition of GE Money Thailand, and to reach its goal of becoming one of the top three banks in Thailand, Bank of Ayudhya unified its subsidiaries and rebranded. [6] In 2014, the bank rebranded as "Krungsri" (shortened from กรุงศรีอยุธยา, "capital city/revered city Ayutthaya"), the bank's formal name. In the media, the formal and colloquial names are used interchangeably, while for the bank's own marketing (such as logos, URL, storefronts, ATMs, bank cards and promotional material) "Krungsri" is used.
Bank of Ayudhya's investments in subsidiaries, associates and joint ventures net as of 31 December 2016 and 2015. [3] : 286–288
Rank | Major Shareholders [3] : 341 | Shares # | Shares % |
1 | MUFG Bank, Ltd. BAY Account | 5,655,332,146 | 76.88 |
2 | Stronghold Assets Company Limited | 166,536,980 | 2.26 |
3 | The Great Luck Equity Company Limited | 166,478,940 | 2.26 |
4 | GL Asset Company Limited | 166,414,640 | 2.26 |
5 | BBTV Satelvision Company Limited | 166,151,114 | 2.26 |
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