How it started
History
The Bank of Ayudhya was established on 27 January 1945 in Phra Nakhon Si Ayutthaya Province, the former capital of the Kingdom of Siam until the city's destruction in 1767. The bank opened its doors on April 1, 1945, with registered capital of one million baht.
In 1970, the bank's head office was relocated to Ploenchit Road, coinciding with the bank's receiving a royal warrant of appointment and garuda emblem from King Bhumibol Adulyadej on 15 May 1970. The bank was listed on the Stock Exchange of Thailand on 26 September 1977, trading symbol, "BAY".
On 3 January 2007, Krungsri and GE Capital became strategic partners. GE Capital and Ratanarak Group were major shareholders with a 33 percent and a 25 percent stake in BAY, respectively.
In September 2012, GE announced the sale of 7.6 percent of its stake in Krungsri via a number of block trades, reducing their ownership to 25.33 percent.
From Wikipedia’s article on Bank of Ayudhya, shared under CC BY-SA 4.0.2
