Mr. Yoshiyuki Horio, Krungsri Head of JPC/MNC Banking said, "We have been in the top position for being the long-term partner bank under MUFG network that is trusted by Japanese corporates for over 60 years, which reflects JPC/MNC Banking's strength. We offer services to both the Japanese corporate and multinational corporate customers with in-depth understanding of business in Thailand as well as the expansion of global network. We are ready to provide our customers with financial products and other value-added services such as business matching. Moreover, by leveraging the synergy with MUFG, we have a global network of more than 50 countries and a strong network in ASEAN covering 9 countries, comprising Thailand, Vietnam, the Philippines, Cambodia, Laos, Indonesia, Malaysia, Singapore and Myanmar. All these factors constitute our readiness in connecting Japanese, multinational and Thai corporates. With the global network, we are able to offer the right solutions to our corporate customers wishing to expand their businesses on a global scale."
Over the past year, JPC/MNC Banking was successful in providing differentiated products and services to customers through the collaborations of MUFG as follows:
- Successful issuance of green bonds and loans for Toyota Leasing (Thailand) Company Limited, which is the first-ever deal for Japanese corporate customers in Thailand.
- Cooperation with MUFG and MUFG Innovation Partners in promoting investments in Thai startups to facilitate business growth and overseas expansion.
- Continuous arrangement of business matching events for Thai and Japanese corporates as well as corporate customers under MUFG network in ASEAN which accounted for 473 matches in 2021.
- Cooperation with Mitsubishi UFJ Research & Consulting (MURC) in offering research and consulting services for corporate customers. In particular, JPC/MNC was successful in supporting a corporate customer in construction materials business on their investment in India.
- Promoting investment in the EEC through the offering of financial solutions and close collaborations with customers of the EEC offices as well as establishing good relationships with the Board of Investment (BOI) and relevant industrial zones, which led to successful investment of a corporate customer from Singapore in the EEC.
With the aspiration to maintain the position of the first call business partner for corporate customers, JPC/MNC Banking revealed the business direction for the year 2022, "For this year, JPC/MNC Banking aims to achieve a 3.4% loan growth and will focus on ASEAN connectivity which is one of Krungsri's key missions. This year, Krungsri has a pilot project to promote and provide advisory service for business expansion in ASEAN among business customers. We envisage great opportunities for our Japanese corporate and multinational corporate customers for business expansion in the EEC. Since the establishment of the EEC offices, Krungsri has worked closely with the Eastern Economic Corridor Office of Thailand (EECO) and related agencies to facilitate investment in the EEC area in order to support the business expansion of our Japanese corporate, multinational corporate and Thai corporate customers as well as extending the opportunity for business expansion into the region."
"In 2022, Krungsri remains committed in developing new products, solutions and services with in-depth understandings of our corporate customers. We will deliver business and market information by leveraging our global and domestic networks, and offer business opportunities with high potential to customers in Thailand and across ASEAN through the arrangement of seminar and business matching. As for the provision of advisory service, we will emphasize giving advice relating to investment promotional privileges such as the privilege of a regional office along with advice on related regulations such as the Foreign Business Act in order to support investment in Thailand. We are confident that with Krungsri's unique capabilities and its ongoing success over the years, we will be able to help expand the business opportunities and drive the growth of Japanese and multinational corporates which will in turn beneficial Thai corporates as a business partner. Most importantly, this will help foster the continual growth of the Thai economy." Mr. Horio added.
Source: Spark Communications