16 August 2024
Bunsei Okubo, Krungsri Head of JPC/MNC Banking (3rd from left) and Chuenkamol Dapparungsi, President of Toyota Leasing (Thailand) Company Limited (center)
Bangkok (16 August 2024) – Krungsri (Bank of Ayudhya PCL) reinforced its aspiration to be the leading sustainable and regional bank by supporting a “Social Loan” amounting to 1,000 million baht to Toyota Leasing (Thailand) Company Limited, aiming to provide opportunities for the low-income earners to access financial services and be able to afford to own a car for use as a supporting tool for their career which will improve the quality of life and empower them to move in sustainable-growing society.
Bunsei Okubo, Krungsri Head of JPC/MNC Banking, said “Krungsri is committed to operating its business under the principle of good corporate governance and adhering to the sustainable banking guidelines, as well as contributing to driving the businesses of our corporate customers to achieve the sustainable development goals along with us. We are extremely pleased to have continuously provided sustainable financial support to Toyota Leasing. This time, we are providing a social loan to Toyota Leasing which will foster financial inclusion for the underserved low-income people. These customers will have opportunities to access car loans and be able to use a car for their career. The product will enhance the capability and improve the quality of life and well-being for everyone in society.”
Chuenkamol Dapparungsi, President of Toyota Leasing (Thailand) Company Limited, said “I was very delighted to receive support from Krungsri in this first important stride in alignment with the Company’s aspiration to deliver financial services that promote quality of life and creating sustainable economic value. Furthermore, we are proud to be an essential part of helping Thai people to own quality cars, especially those in the local economy such as farmers, vendors, and taxi drivers who need to use car for their capabilities to pursue a career or run a business. This helps strengthen Thai economy as well as drive our company’s sustainable growth in the future.”
The 1,000-million-baht social loan granted by Krungsri aligns with Toyota Leasing’s Sustainable Financing Framework. Morningstar Sustainalytics was appointed as the Second-Party Opinion provider and confirmed that the Framework aligns with the Social Loan Principles. Morningstar Sustainalytics also stated that the eligible social project would lead to positive social impacts and advance the UN Sustainable Development Goals in reducing income inequality and supporting access to basic goods and services, thereby fostering sustainable city and community development.