Krungsri acquires additional 16.33% stake in Tidlor Holdings to strengthen capability for the underserved market

Mr. Kenichi Yamato, Krungsri President and Chief Executive Officer, said "We are pleased to announce that we have successfully acquired the additional shares of Tidlor Holdings. As a result, Krungsri remains a major shareholder of 46.51% of total shares."

"The Company has consistently demonstrated strong and agile management. As a market leader, TIDLOR has introduced innovative products and services that have positively impacted Thailand's underserved segment. Krungsri would serve the diverse needs of customers, particularly the underserved segment of retail and SME customers, and provide a better customer experience."

Mr. Piyasak Ukritnukun, Managing Director of Tidlor Holdings Public Company Limited, said "On behalf of the management team and all employees, we are delighted that Krungsri recognizes and values our leading position and future potential in lending and insurance inclusion. Krungsri's increased stake will strengthen TIDLOR's profile as an investment option during this period of domestic and global uncertainty."

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