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Bank of Ayudhya Public Company Limited (“BAY”) was established
on January 27, 1945 in Ayudhya Province, once a capital
of the Thai Kingdom, and commenced operations on April
1, 1945, with initial registered capital of Baht 1 million.
The Bank’s head office was initially based in Ayudhya
but was moved to Bangkok, within the same year of the
Bank’s establishment, at the corner of Ratchawong Road.
In 1996, the Bank moved its headquarters to the present
location at 1222 Rama III road, Bang Phongphang, Yan Nawa,
Bangkok 10120.
The Bank’s Ordinary Shares have been listed on the Stock
Exchange of Thailand since September 26, 1977 and registered
as a public limited company in Thailand on September 28,
1993. The Bank raised its paid-up capital to Baht 10,000
million and Baht 28,704 million in June 1998 and August
2003 consecutively.
In 2006 the Bank formed a business partnership with GE Money. Relying on both parties strengths to act as a strong driving force for business excellence under the theme “Power of Partnership”, the Bank is making a major leap toward success and aspires to be a leading bank in Thailand providing financial services of world-class standard.
On 14 January, 2008 the Bank purchased total shares in GECAL from GECAI and other individual shareholders in an amount of 104,500,000 shares. The total share purchase price paid to GECAI was THB 16,180 million. In order for the Bank to be able to operate car leasing business in fully comprehensive under Consolidated Supervision, the Bank has established a newly set-up company on January 24, 2008, namely, Ayudhya Hire Purchase Company Limited ("AYHP") to operate used car sale and lease back, including the business under the nameCar4Cash, from GECAL whereby the Bank holds 99.99% in AYHP.
On September 8, 2008 there were 258,210,874 units of warrants exercised to buy ordinary shares in addition to 965,607,874 units that were previously exercised, the total amount of warrants exercised was 12,223,818,747 units.
As of September 30,2008 the Bank’s registered and paid up share capital was Baht 60,741
million
BAY is the fifth largest domestic commercial bank in term of deposits, loan and total assets. As of September, 2008, the Bank had Baht
702,905
million in total assets and
9 ,630
employees.
BAY provides a full range of banking services to both its corporate and individual customers through its head office and its 576 branch nationwide. In addition to its domestic branch network, the Bank has three overseas branches in Hong Kong , Lao P.D.R. and Cayman Islands .
BAY has always placed an importance on the development of products and services so as to provide greater convenience for customers. Financial services available are for example:
Deposits Services
International Trade Services
Lending Services
Money Transfer
Bill Payment Services
Electronic Banking Services
Foreign Exchange and Remittance Services
Investment Banking Services
Securities Custody and Trustee Services
Asset Management Services
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