Krungsri (Bank of Ayudhya PCL) has announced a new target to expand its Social and Sustainability Finance (SSF) portfolio to 250 billion baht by 2030. The announcement was a centerpiece of a business forum held Tuesday to mark the bank’s 80th anniversary.
The new financing goal is a key component of the bank’s strategy to achieve Net Zero carbon emissions by the same deadline. The event, titled the “Krungsri – MUFG Business Forum 2025: Thriving to a Sustainable Future,” brought together leaders from various industries to address growth strategies amid what the bank’s leadership described as significant global and domestic uncertainties.
Kenichi Yamato, Krungsri President and CEO, said the bank is adapting to a landscape shaped by geopolitical tensions, technological disruption, and climate change. In response, he stated Krungsri is focusing on strengthening core banking services, investing in digital transformation and AI while maintaining strong risk management, and making sustainability central to its business model.
“Reflecting on our 80-year journey, our resilience through past economic challenges has prepared us to face today’s complexities,” Mr. Yamato said, noting the bank’s growth to serve over 19 million customers across the ASEAN region.
The forum also highlighted Krungsri’s deep strategic partnership with Mitsubishi UFJ Financial Group (MUFG), one of Japan’s largest financial institutions.
MUFG Chairman Kanetsugu Mike, speaking at the event, described Thailand as a “strategically important market” for the group’s Asia-Pacific operations, as outlined in its Medium-term Business Plan for fiscal years 2024-2026. He noted that the nearly 12-year partnership with Krungsri, which he described as a “strong, family-like relationship,” remains a crucial part of MUFG’s regional business plan.
The strategy detailed by Krungsri leadership focuses on three core areas: leveraging MUFG’s global network to provide clients with tailored financial solutions, enhancing digital capabilities beyond traditional banking, and integrating sustainability into all business practices.
The day-long forum included panel discussions with Thai and global experts, the final round of the Krungsri ESG Awards pitch competition, and the Krungsri ESG Academy, an initiative to recognize progress in sustainable business.
In his closing remarks, Yamato reiterated Krungsri’s commitment to being a trusted partner for its customers. “Through collaboration, innovation, and a strong focus on sustainability, Krungsri empowers businesses to confidently navigate a complex and changing world,” he concluded.
Krungsri is Thailand’s fifth-largest financial group by assets and is designated as one of the country’s Domestic Systemically Important Banks (D-SIBs).
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