Krungsri targets commercial banking loan growth of 5 per cent this year
Krungsri (Bank of Atudhya and its business units) announces its 2017 commercial banking business strategy to become a top tier bank with a loan growth of 5 per cent and a deposit growth target of 12.6 per cent.
Through Krungsri's unique position built upon the synergy between Krungsri's local and MUFG's global strength, Krungsri aims to provide total financial solutions, explore business opportunities for exsiting customer and expand its customer base in new industries linked to the Thailand 4.0 economy.
Pornsanong Tuchinda, head of Commercial Banking, said that commercial banking becomes a key driver for Krungsri asset growth since 2015, reflecting the successful integration between Krungsri and BTMU Bangkok branch, part of the MUFG Group. By leveraging MUFG's global capabilitiees and network. Krungsri has succeeded in expanding its customer base and providing financial solution services inlcuding lending, investment banking, business matching and debt and capital market advisory to Thai corporate, international companies and SMEs.
Thai corporate loans accounted for 45 per cent of the bank's portfolio in 2016.
