Krungsri to Acquire Auto Loan Portfolio from CIMB Thai Subsidiary, Deal Expected to Close This Year
Krungsri will acquire auto and motorcycle loan portfolios from CIMB Thai subsidiaries to strengthen its market position as Thailand's leading auto finance provider, with the deal expected to close by year-end 2025.
Kenichi Yamato, Chief Executive Officer of Krungsri Ayudhya Bank, announced that Krungsri has signed an Asset Purchase Agreement to acquire auto and motorcycle loan portfolios from CIMB Thai Auto Limited and World Lease Limited, subsidiaries of CIMB Thai Bank. The acquisition is subject to contractual conditions and is expected to be completed by year-end 2025.
"This acquisition represents a strategic initiative to expand our customer base and strengthen Krungsri Auto's position as Thailand's leading auto finance provider, reflecting Krungsri Group's commitment to leveraging deep expertise in auto finance to drive sustainable growth," Yamato said.
Beyond portfolio expansion, the acquisition will enable Krungsri to deliver greater value to customers through enhanced access to diverse Krungsri Group products and services under the ONE Krungsri Collaboration strategy. This integrates internal cooperation and comprehensive digital platforms covering lifestyle and auto financing services in a single ecosystem, as Krungsri aims to provide seamless customer experiences.
