Prakob Phiengcharoen Prakob Phiengcharoen, President of the Large Corporate and Investment Banking Division at Krungsri Bank (Bank of Ayudhya Public Company Limited), stated that their core mission is to be a true partner to clients, not just a financial service provider. Therefore, they focus on three key areas.
First: Supporting sustainable finance through the Sustainable Finance program by facilitating the transition of business sectors towards Net Zero targets.
Second: Enhancing business value creation via the Value Creation program aimed at developing target industries such as renewable energy, data centers, and healthcare.
Third: Improving competitive capabilities and mitigating risks through Digital Solutions to maximize convenience at every stage of business processes.
These strategies are tangible goals focusing on industries with ongoing growth potential, including:
Data centers, which represent modern infrastructure, such as the collaboration project between Digital Edge and B.Grimm Power where Krungsri acts as one of the Mandated Lead Arrangers and Green Facility Coordinators. This highlights that data centers are not only digital but also need to be “green,” given the enormous energy consumption for data operations.
Or the establishment of INETREIT, Thailand’s first and only real estate investment trust directly investing in data center assets, which recently won the Best REIT Deal of the Year award at the Alpha Southeast Asia Awards 2025.
Healthcare, an area where Thailand holds strengths and which the government is actively promoting as a New S-Curve industry. The private sector also requires substantial investment. Krungsri has participated in two notable deals: Arthit International Hospital (AIH), which received the first and largest sustainable loan in Southeast Asia’s healthcare sector valued at 3.5 billion baht; and Bangkok Hospital Group, where Krungsri supports a Green Loan for the Piyavate 2 Pranok Hospital project worth 3.2 billion baht.
“Hospitals seeking loans today do not just need financing but also partners who understand how to integrate sustainability into their operations simultaneously. That is where our team adds value,” Prakob explained.
Clean energy, is another industry requiring significant investments. Krungsri serves as financial and business advisor on major projects such as Levanta Renewables’ acquisition of solar farms with capacities exceeding 91 megawatts in Thailand, and advising Super Energy Corporation on the sale of a 100% stake in a 50-megawatt wind project in Vietnam and a 98-megawatt solar project in Thailand.
Including the largest deal in this sector, providing financial support to Gulf Development for 15 solar farm and solar BESS projects with a combined capacity of 843 megawatts, plus 12 waste-to-energy industrial projects totaling 96 megawatts.
These strategies are grounded in a concrete target: a social and sustainable finance portfolio aiming to reach 350 billion baht by 2030, up from the initial 250 billion baht target after achieving the first milestone last year.
Krungsri aims to be a sustainable financial service provider under its three-year plan. Within this framework, the bank has executed significant deals through various instruments, including a 29 billion baht Sustainability-Linked Bond issued to the Ministry of Finance, with KPIs linked to reducing greenhouse gas emissions by 30% by 2030 and increasing zero-emission vehicle registrations to 440,000 units.
This also includes the first Sustainability-Linked Bond issued by a Thai state enterprise for the Electricity Generating Authority of Thailand (EGAT) worth 2 billion baht, as well as green debentures and green loans totaling 8.5 billion baht for RATCH Group, and bonds and loans totaling 11 billion baht for Bangkok Expressway and Metro Public Company Limited (BEM).
Additionally, Krungsri has assisted True Corporation in offshore financing and coordinated with international organizations such as the Asian Development Bank (ADB) and International Finance Corporation (IFC) to bring high-quality capital to support Thailand’s low-carbon economic transition.
Prakob emphasized that what distinguishes Krungsri is its network through its parent company MUFG, meaning that when Japanese or Taiwanese companies want to invest in Thailand, Krungsri not only knows them but also understands both sides—the foreign investors and the Thai clients awaiting partnerships.
He cited an example of a Taiwanese energy company entering Thailand. Their needs went beyond loans; they required Krungsri to extend credit to end customers seeking to install solar panels at home. This illustrates how the bank acts as a “value chain connector” rather than merely a lender.
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