Krungthai Bank: Best Social Impact Bank Thailand 2022

Founded in 1966, Krungthai Bank is a publicly listed company whose main shareholder is the Thai government. The bank has evolved to provide clients with ever-increasing convenience and functionality. Krungthai conducts business with the goal of growing together for sustainability and serving all segments of Thai society. The bank approached the pandemic as an opportunity to further develop digital capacities and incorporate AI technologies. It was able to slash the turnaround times on loan applications, using AI and big data to deliver real-time verdicts. Krungthai offered its third index-linked, principal-protected note in January, this time basing returns for the five-year note on a global AI and ESG index. The note aims to capitalise on the rising prevalence of AI across societies and industries, while the ESG focus underscores its commitment to improving the lives of Thai people and supporting the SDGs. It has expanded into digital bonds with low price points, which has facilitated financial inclusion. The youngest digital bond subscriber is only 15 years old. On the other side of the spectrum, Krungthai offers digital literacy assistance to older populations through a 1,000-branch network. The Krungthai mobile apps have millions of users, including 40 million people who used the bank’s digital wallet to register for the Covid vaccine. The CFI.co judging panel has followed the bank for several years and is pleased to note its continued progress. The judges present Krungthai Bank with its fifth CFI.co accolade: Best Social Impact Bank (Thailand).

marten

Recent Posts

SegurCaixa Adeslas: Best Insurer Spain 2024

SegurCaixa Adeslas, a pre-eminent Spanish health insurance company, has demonstrated a formidable and truly impressive…

2 weeks ago

Banco BPI: Excellence in Sustainable Banking Initiative Portugal 2024

Banco BPI's dedication to sustainability is a beacon of proactive environmental and social responsibility. Beyond…

3 weeks ago

BSE Ltd: Champions of Capital Market Innovation and Efficiency Asia 2024

BSE Ltd, formerly known as the Bombay Stock Exchange, is a crucial player in India’s…

4 weeks ago

TMT Investments Plc: Visionary Leaders in Global Tech Venture Capital Europe 2024

TMT Investments Plc, publicly quoted on the AIM market of the London Stock Exchange since…

4 weeks ago

BNP Paribas Fortis: Outstanding Contribution to SME Financing Benelux 2024

BNP Paribas Fortis is a key player in the Belgian banking sector with a rich…

4 weeks ago

BAWAG Group AG: Best Banking Group Governance DACH 2024

BAWAG Group has reported 2023 net profit of 683 million euros, a ROTCE of 25…

4 weeks ago