BAY launches new campaign to tap home refinancing market KRUNGSRI Refinance offers 0% interest for 6 months
Bangkok 14 June 2010 - The Bank of Ayudhya Public Company Limited (BAY) launches KRUNGSRI Refinance, a home refinancing campaign that offers 0% interest for six months plus a waiver of refinancing fees, in a move to capture no less than THB700 million worth of new refinancing loans within July 2010.
Mr. Takorn Piyaphand, Senior Vice President, Consumer Banking, said, “KRUNGSRI Refinance provides an attractive option to mortgage customers seeking a solution to reduce their monthly installments. The new campaign is offering interest-free refinancing loans for the first six months, followed by MLR-3.65% from the seventh to the twelfth months and MLR-1.00% from the second year until the end of the contract. Approved customers will also enjoy additional benefits such as a waiver of refinancing fees which include collateral assessment fees, legal contract fees, and/or collateral registration fees.”
For more information on KRUNGSRI Refinance, please visit BAY branches nationwide, call KRUNGSRI Call Center on 1572 or visit our website at
www.krungsri.com.
ABOUT BANK OF AYUDHYA PUBLIC COMPANY LIMITED
Bank of Ayudhya Public Company Limited [symbol in SET: BAY], established on January 27, 1945, is the fifth largest commercial bank in Thailand with total assets of Baht 822 billion. BAY provides a full range of banking services to both its commercial and individual customers through 580 branches nationwide. On 3 January 2007, BAY and GE Money, a premiere global consumer financial services firm, successfully became strategic partners. GE Money and the Ratanarak Group are now major shareholders with 33% and 25% stakes in BAY, respectively. For more information, please visit Bank of Ayudhya website,
www.krungsri.com
