Bank of Ayudhya
| Bank of Ayudhya | |
|---|---|
|
|
| Country |
 Thailand
|
| Seat |
Bangkok Thailand
|
| legal form | Corporation |
| BIC | AYUDTHBKXXX |
| founding | January 27, 1947 |
| Website | www.krungsri.com |
| Business data | |
| Total assets | 869 billion baht |
| insoles | 648 billion baht |
| Customer credit | 576 billion baht |
| management | |
| Board | Noriaki "Nikkei" Goto |
| Supervisory board | Veraphan Teepsuwan |
The Bank of Ayudhya Public Company Limited ( Thai : ธนาคาร กรุง ศรีอยุธยา จำกัด (มหาชน) - Thanakhan Krung Si Ayutthaya, pronunciation: [ tʰánakʰaːn kruŋ sǐː àjútʰája ]) is a bank in Thailand . Within the country, and more recently also internationally, it appears under the short name Krungsri . Since 2013 it has been a majority subsidiary of the Japanese Mitsubishi Tōkyō UFJ Ginkō .
The bank is the fifth largest in Thailand by deposits and the sixth largest by total assets. As of September 2007 it had 664 billion baht in assets and 8,417 employees. It has 569 branches in Thailand and 3 outside of Thailand, in Hong Kong, Laos and the Cayman Islands.
history
It was founded in 1945 with a capital of 1 million Baht in Ayutthaya Province . In the year it was founded, the bank's headquarters were relocated from Ayutthaya to Bangkok . In 1951 she founded her life insurance subsidiary Ayudhya Life Assurance , which has been called Allianz Ayudhya since it was partially taken over by the German Allianz Group in 2001 .
Since 1958, the history of the bank has been closely linked to the Ratanarak family, an influential business family of Chinese descent. Chuan Ratanarak (actually Lee Bak Chuan; 1920–1993), who immigrated from China to Thailand at the age of 6 and later got rich with a lighter business , took over the majority stake in the bank in 1961. He had excellent relations with the powerful general Praphas Charusathien . Chuan also temporarily acquired a larger stake in Siam City Bank , founded Siam City Cement in 1967 - the first private competitor to the Crown-owned Siam Cement Group - and in the same year the color television channel 7 , which broadcasts with a license from the Thai army and itself has become the most watched TV program in the country. Since September 26, 1977 the shares of the Bank of Ayudhya have been listed in the SET Index on the Stock Exchange of Thailand .
In 1982, Chuan handed over management of the bank to his son, Krit Ratanarak . In 1996 the seat was moved to its current location on Rama III Street in Bangkok's Yan Nawa district . After several capital increases, the share capital in 2003 was 28.7 billion Baht. In 2007, Krit Ratanarak retired from all positions at the bank. His successor as chairman of the board of directors was his longtime business friend Veraphan Teepsuwan, who had previously worked for the companies controlled by the Ratanarak family, Siam City Cement, Ayudhya Allianz and Ayudhya Insurance. In the same year the Ratanarak family sold part of their shares in GE Capital , a subsidiary of the US company General Electric . This in turn sold its shares in 2013 to Mitsubishi Tōkyō UFJ Ginkō (Bank of Tokyo-Mitsubishi), which belongs to the Mitsubishi UFJ Financial Group , which thereby became the majority shareholder.
President and CEO since 2015 has been the Japanese Noriaki Goto , who came from the parent company Bank of Tokyo.
Individual evidence
- ↑ Entry in the BIC directory at SWIFT
- ↑ Financial Summary
- ↑ http://www.krungsri.com
- ↑ Krirkkiat Phipatseritham, Kunio Yoshihara: business groups in Thailand. Institute of Southeast Asian Studies, Singapore 1983, p. 24.
- ↑ BAY gears up for new era as Krit steps down. ( Memento of the original from January 28, 2007 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. In: The Nation (Online), January 5, 2007.
Web links
- Bank of Ayudhya Public Company Limited (in English and Thai)