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

Dubai World Trade Centre: Champion of Global Business and Trade Ecosystems EMEA 2025

For over four decades, Dubai World Trade Centre (DWTC) has been a cornerstone of Dubai’s…

6 days ago

Krungthai Bank PCL: Best Social Impact Bank Thailand 2025

Krungthai Bank PCL plays a pivotal role in driving sustainable economic and social development in…

2 weeks ago

Région Île-de-France: Best Green Bond Thought Leadership Team Global 2025 & Best in Class Bond Issuer Global 2025

Région Île-de-France demonstrates a steadfast commitment to sustainable finance, playing a pioneering and influential role…

1 month ago

Spectrum Asset Management: Excellence in Preferred Securities Portfolio Management Global 2025

Spectrum Asset Management is a leading institutional manager specialising in preferred and capital securities, with…

1 month ago

Moody’s Ratings: Best Credit Risk Analysis LATAM 2025

Moody’s Ratings is a globally recognised leader in credit ratings, research and risk analysis, with…

1 month ago

La Trobe Financial: Best Investment Management Team Australia 2025

La Trobe Financial has cemented its reputation as Australia’s premier alternative asset manager, demonstrating a…

2 months ago