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Bangkok (6 September 2022) – Krungsri (Bank of Ayudhya PCL) and Krungsri Finnovate advance
to support investment in innovation technology and startups in ASEAN by
synergizing with Hattha Bank to collaborate with Techo Startup
Center, a government-funded organization established to promote the growth
of Cambodian startups. This
collaboration aims to maximize potentials and drive the growth of Cambodian
startups towards international standards.
The virtual signing ceremony for the Memorandum of
Understanding between the four organizations was held on 1 September 2022, with
Mr. Seiichiro Akita, Krungsri President and Chief Executive Officer; Mr.
Yoshiyuki Horio, Krungsri Head of Japanese Corporate and Multinational Banking
(JPC/MNC Banking); Mr. Sam Tanskul, Managing Director at Krungsri Finnovate,
Dr. Nguonly Taing, Executive Director
at Techo Startup Center and Mr. Ieng Tong Hout, President & Chief Executive
Officer at Hattha Bank Public Company Limited, participating in the ceremony.
This MoU was concluded in order to
strengthen the cooperation between Thailand and Cambodia in digital-related
fields. Krungsri Finnovate will join
Techo Startup in nurturing Cambodian startups through knowledge transfer programs as well
as promoting marketing opportunities for these startups to be recognized in
Thailand.
Mr. Seiichiro
Akita, Krungsri President and Chief Executive Officer, spoke of this signing ceremony, “According
to Krungsri’s 2021-2023 Medium-Term Business Plan, we aim to build the
ecosystem and partnership, and develop digital and information technology. ASEAN enhancement and expansion is also one
of the key strategic directions under the MTBP that we commit to build
connectivity across ASEAN markets to carry on our leadership in this
region. The collaboration through this MoU
conforms to our vision and mission to strengthen the technological advancement
in Thailand as well as the business growth in ASEAN. We believe that our expertise together with
MUFG strong network can support business expansion for startups in Cambodia and
reinforce the continuation of economic growth of both countries. Krungsri is very delighted about this
partnership and we are ready to participate in the continual development of the
technological industry through our full collaboration.
Dr. Nguonly Taing, Executive Director at Techo Startup Center, said, “The Cambodian government has set the goal to drive the new form
of national development with digital economy and has promulgated the digital
economy and society policy framework for the country nation by laying the
foundations to promote digital adoption that will lead to all aspects of social
transformation in order to accelerate economic growth and promote social
welfare in the new form. To facilitate
this effort, the government has initiated the establishment of various relevant
organizations, including the Techo Startup Center, which has the following 4
major missions: 1) To nurture startups
to grow into successful businesses; 2) To build a startup ecosystem in Cambodia
through a wide range of programs and activities; 3) To conduct research and
draft out policy recommendations in the area of digital economy; and 4) to
develop the factors for driving digital transformation. In order to achieve these missions, Techo
Startup Center needs to work together with both domestic and international
organizations to enhance its operational efficiency and create awareness. We are currently in good collaboration with
Hattha Bank and thank Krungsri and Krungsri Finnovate for joining us in this MoU
signing. We hope that this collaboration will bring about successful support
and promotion for startups, creation of startup ecosystem and expansion of
investment opportunities for digital business in Cambodia.
--Ends--
About Krungsri
Krungsri (Bank of Ayudhya PCL and its group companies)
is the fifth largest financial group in Thailand in
terms of assets, loans, and deposits, and one of Thailand’s six Domestic Systemically Important Banks (D-SIBs) with 77 years of history in the country.
Krungsri is a strategic member of the Mitsubishi
UFJ Financial Group (MUFG), Japan’s largest financial group and one of the world’s largest financial organizations.
Krungsri provides a comprehensive range of banking,
consumer finance, investment, asset management, and other financial products
and services to individual consumers, SMEs, and large corporations through 629
domestic branches (590 Banking Branches and 39 Auto Business Branches)
and over 34,258 service outlets nationwide.
The Krungsri Group is the largest card issuer in
Thailand with 9.7 million credit cards, sales finance, and personal loan accounts in its
portfolio; a major automobile financing service provider (Krungsri Auto); one of the fastest growing asset management
companies (Krungsri Asset Management); and a pioneer in microfinance (Ngern Tid Lor).
Krungsri is strongly committed to the highest level of integrity in
conducting its business. All Krungsri Group companies have been awarded accreditation from the
Private Sector Collective Action Coalition Against Corruption (CAC) in collaboration with industry peers and stakeholders on a zero
tolerance approach to corruption.
About MUFG (Mitsubishi UFJ Financial Group, Inc.)
Mitsubishi UFJ Financial Group, Inc.
(MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a
global network with approximately 2,400 locations in more than 50 countries.
The Group has about 170,000 employees and offers
services including commercial banking, trust banking, securities, credit cards,
consumer finance, asset management, and leasing.
The Group aims to “be the world’s most trusted financial group”
through close collaboration among our operating
companies and flexibly respond to all of the financial needs of our customers,
serving society, and fostering shared and sustainable growth for a better world.
MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.
For more information, visit https://www.mufg.jp/english.
For further information, please contact:
Internal and External Communications Department
Bank of Ayudhya PCL
Tel: 02 296 4023
Email: Krungsri .PR@krungsri.com
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