, Thailand
105 view s
Hirotaka Kuroki, Krungsri Head of Global Markets Group.

Krungsri sees FX profits rise 21% in Q1

Digital FX transactions is 64% higher year-to-date.

Bank of Ayudhya (Krungsri) saw a 13% year-on-year (YoY) increase in foreign exchange transaction volumes in Q1.

Profit from trading and foreign exchange transactions rose to $158.4m (THB5.73b) in Q1, a 21% rise compared to Q1 2023, said Hirotaka Kuroki, Krungsri head of global markets group.

Krungsri Global Markets has expanded its foreign exchange currencies over the past 2-3 years. New additions include the UAE dirham (AED) in 2024. South African rand (ZAR) and Vietnamese dong (VND) were introduced earlier in 2023.

Expanded digital services also drove online foreign currency transaction volumes. The number of FX@Krunsgri e-platform transactions rose 66% YoY in H1 2024, after a 129% YoY increase in 2023.

Foreign exchange (FX) transactions executed via FX@Krungsri jumped 54% year-to-date compared to a year earlier. 

Retail customer transactions conducted through the KMA krungsri app– which facilitates convenient international money transfers in up to 15 currencies– processed over 35,000 transactions in 2023.

(US$1 = THB36.19)
 

Follow the link s for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!