"Krungsri"

Over the next three years, the biodiesel industry will enjoy improved business conditions thanks to an average annual increase of 3-4 per cent in domestic demand, which will then bring consumption to 5.3-5.7 million litres per day, according Krungsri Researchs outlook.

In a report published on Tuesday, Krungsri Research adjusted downwards Thailand’s GDP growth in 2021 from 2.5 to 2.2 per cent in line with the Covid-19 situation and drought impact.

Krungsri (Bank of Ayudhya Plc) has appointed Kenichi Nishii as head of its Global Markets Group, following the retirement of Tak Bunnag, effective from January 1.

Krungsri (Bank of Ayudhya and its business units) has announced net profits of Bt23.04 billion for 2020, representing a 14.5 per cent drop from its net profit in 2019. The bank attributed the sharp drop to provisioning for future uncertainties given the Covid-19 outbreak in mid-December and the fragile outlook for economic recovery.

Krungsri (Bank of Ayudhya and its subsidiaries) is allowing customers to suspend repayments of loans as part of additional measures to ease financial burdens amid the new Covid-19 outbreak.

Bank of Ayudhya (Krungsri) and SE Thailand joined hands on Wednesday to launch the Social Enterprise Market @Krungsri. The fair is aimed at creating opportunities for social enterprises hit by the Covid-19 crisis. On show are quality products for a better environment and society offered by leading social enterprises, including DoiTung, Doi Kham, Green Net, and The SUPPORT Arts and Crafts International Centre of Thailand. The fair also features fun activities ahead of the festive season.

The East Economic Corridor Office (EECO) has joined hands with Bank of Ayudhya to open the “Krungsri EEC Office”, with an aim to draw Japanese investors.

Krungsri (Bank of Ayudhya Pcl and its business units) and Grab Thailand have unveiled a long-term collaboration on an exclusive basis, jointly introducing two nano-finance products for Grab driver-partners and Grab merchant-partners.

The large number of foreign tourists visiting each year includes a large group that has started to look at condominiums to buy, so they can have a place to stay when they visit Phuket.Some also sought additional rental income when they were not in residence.

Krungsri (Bank of Ayudhya) on Thursday announced net profits of Bt19.7 billion for the first nine months of 2020, a fall of 25.3 per cent or Bt6.6 billion from the same period last year.

Krungsri (Bank of Ayudhya) has acquired a 50 per cent stake in SB Finance (SBF), a subsidiary of leading Filipino bank Security Bank Corporation (SBC).

Krungsri (Bank of Ayudhya) has joined with Lao Development Bank to launch Krungsri-LDB Global Transfer, a service for real-time money transfers between Thailand and Laos.