Establsihed in 1945, Bank of Ayudhya is one of the largest banks in Thailand. Since 2013 Bank of Ayudhya is a 100%-owned subsidiary of Mitsubishi UFJ Financial Group (MUFG). Bank of Ayudhya offers a broad range of universal banking products and services to individuals, SMEs and corporate clients. Bank of Ayudhya also provides related financial services through its subsidiaries and associated companies, including wealth management, credit cards, non-life insurance, asset management, securities trading, auto hire purchase, equipment leasing, factoring, micro-finance and installment loans.
Bank of Ayudhya Public Company Limited has Category B banking license number 94037 issued by the Cayman Islands Monetary Authority. This type of license allows Bank of Ayudhya Public Company Limited to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Bank of Ayudhya Public Company Limited failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Bank of Ayudhya Public Company Limited failure its depositors will not be paid out any compensation.