Bangkok, 24 May 2010 : Bank of Ayudhya Public Company Limited (BAY) and its subsidiaries have issued measures to alleviate the plights of customers suffering from the recent political crisis by allowing affected debtors to repay only interests during given grace period, and extending their repayment periods.  In addition, the Bank stands ready to offer help to businesses related to tourism industry and relevant segments affected by the same crisis.

KRUNGSRI Group issues alleviation measures to help customers affected by political crisis

Mr. Mark Arnold, President and CEO, Bank of Ayudhya PCL., said that the KRUNGSRI Group has a great concern over customers affected by the extended protests and political crisis.  When the unrest began, KRUNGSRI Group was ready to alleviate the problems faced by debtors by, jointly with them, assessing their financial impact and appointing a task force to ensure that its customers get through this difficult period.  The alleviation measures include allowing affected entrepreneurs and employees facing financial troubles to pay only interests by installment, and extending their repayment periods. 

“Besides these measures, for those more profoundly affected, we stand ready to extend our special help on an individual case-by-case basis.  Apart from helping those in the areas of direct impacts, including Ratchaprasong, Sala Daeng, Silom, Pratu Nam, Ratchaprarop, Din Daeng, Lang Suan, and specific upcountry areas, we are prepared to help businesses related to the tourism industry and other segments which will get hurt by the crisis,” Mr. Arnold said.

Those eligible for the above-mentioned measures must be qualified by the Bank’s specifications.    For additional information, please call KRUNGSRI Call Center 1572.
 

 ABOUT BANK OF AYUDHYA PUBLIC COMPANY LIMITED
Bank of Ayudhya Public Company Limited [symbol in SET: BAY], established on January 27, 1945, is the fifth largest commercial bank in Thailand with total assets of Baht 822 billion. BAY provides a full range of banking services to both its commercial and individual customers through 580 branches nationwide. On 3 January 2007, BAY and GE Money, a premiere global consumer financial services firm, successfully became strategic partners.  GE Money and the Ratanarak Group are now major shareholders with 33% and 25% stakes in BAY, respectively.  For more information, please visit Bank of Ayudhya website, www.krungsri.com

FOR MEDIA INQUIRIES, PLEASE CONTACT:
Corporate Communications Department
Bank of Ayudhya PCL.
Tel: 02 296 2443, 02 296 3795
Fax: 02 683 1271
Email: jira.s@krungsri.com
Press Release By:
Bank of Ayudhya PCL

KRUNGSRI Group,Bank of Ayudhya PCL,BAY,Mr. Mark Arnold

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