Krungsri (Bank of Ayudhya PCL), a member of Mitsubishi UFJ Financial Group (MUFG), Japan's largest financial group, and one of the world's largest financial groups, opened its new EEC offices at Si Racha in Chonburi province and Rayong, as part of a plan to enhance service capabilities to support customers in the high-potential Eastern Economic Corridor (EEC). The opening of EEC offices reflects the strength of collaborative synergies between Krungsri's local expertise and MUFG's global network to provide value-added financial services to Japanese and multinational corporate customers as well as Thai companies, underscoring the Bank's commitment to promoting foreign direct investment and new investment to support Thailand's economic recovery.
Mr. Yoshiyuki Horio, Krungsri Head of Japanese Corporate and Multinational Banking (JPC/MNC Banking), said "Krungsri places importance on business promotion initiatives, especially investment promotion in the EEC, set to be developed into a leading economic zone in ASEAN in coming years. Krungsri's new EEC offices will be a linkage not only for Japanese and multinational companies investing in the high potential industrial estate, but also Thai companies which seek support for regional expansion push. Krungsri, as the leader in the Japanese corporate market in Thailand, has competitive capabilities to provide a wide range of value-added financial products and services to Japanese, multinational corporate customers and Thai companies through synergies between Krungsri's local expertise and MUFG's global network. These enables Krungsri to facilitate both domestic and international transactions, making it more convenient for customers with one contact point in the EEC area which covers three eastern provinces of Thailand - Chonburi, Rayong and Chachoengsao."
"With our aspiration to become a major ASEAN financial powerhouse, it is very important for Krungsri to be the first call business partner in supporting the sustainable growth of our customers. The strategically located region like the EEC has seen as the growth engine for the Thai industries going forward, Krungsri recently set up the EEC Department to provide customers with a variety of financial services, business information and advisory services. To establish business network and strengthen relationship with major public and private agencies in the three provinces, we have worked closely with the Eastern Economic Corridor Office of Thailand (EECO) to facilitate and support customers in the EEC area. Going forward, the Si Racha office and Rayong office will be the center for Krungsri where both Japanese and Thai officials are available to provide more close communication, services and reach out EEC customers" Mr. Horio added.
About Krungsri
Krungsri (Bank of Ayudhya PCL and its group companies) is the fifth largest financial group in Thailand in terms of assets, loans, and deposits, and one of Thailand's five Domestic Systemically Important Banks (D-SIBs) with 75 years of history in the country. Krungsri is a strategic member of the Mitsubishi UFJ Financial Group (MUFG), Japan's largest financial group and one of the world's largest financial organizations. Krungsri provides a comprehensive range of banking, consumer finance, investment, asset management, and other financial products and services to individual consumers, SMEs, and large corporations through 679 branches (640 Banking Branches and 39 Auto Business Branches) and over 33,325 service outlets nationwide. The Krungsri Group is the largest card issuer in Thailand with 9.4 million credit cards, sales finance, and personal loan accounts in its portfolio; a major automobile financing service provider (Krungsri Auto); one of the fastest growing asset management companies (Krungsri Asset Management); and a pioneer in microfinance (Ngern Tid Lor).
Krungsri is strongly committed to the highest level of integrity in conducting its business. All Krungsri Group companies have been awarded accreditation from the Private Sector Collective Action Coalition Against Corruption (CAC) in collaboration with industry peers and stakeholders on a zero tolerance approach to corruption.
About MUFG (Mitsubishi UFJ Financial Group, Inc.)
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world's leading financial groups. Headquartered in Tokyo with over 360 years of history, MUFG is a global network with over 2,700 locations in more than 50 countries. The Group has over 180,000 employees, and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to "be the world's most trusted financial group" through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG's shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.