Mr Pairote said Krungsri would support customers, especially small and medium-sized enterprises growing in the region, through business matching programme. Bank of Ayudhya (BAY), under the marketing brand of Krungsri, aims to increase net income of international business to 10% by 2023 under the bank's mid-term business plan. After starting regional business operations in 2014, the net income of regional banking business accounts for 4% of Krungsri's total net income and targeting to increase to 10% in 2023, said Pairote Cheunkrut, Krungsri's chief strategy officer. Under the mid-term business plan during 2021-23 for regional business expansion, the bank aims to be present in all 10 Asean countries through different business models. MUFG is present in 50 countries with 2,500 networks worldwide, including seven Asean countries with 20 networks.

Source: Bangkok Post September 13, 2021 23:48 UTC