Bank of Ayudhya's turnaround by MUFG boosts Thailand's EV economy

Bank of Ayudhya's turnaround by MUFG boosts Thailand's EV economy

FILE PHOTO - People walk past a branch of Mitsubishi UFJ Financial Group's bank of Tokyo-Mitsubishi UFJ (MUFG) in Tokyo, Japan, May 16, 2016. REUTERS/Thomas Peter/File Photo

While attendees at Thailand’s largest motor show at the end of November took in the latest automotive innovations and designs from major carmakers, about 100 Bank of Ayudhya employees, recognizable by their yellow-collared shirts, were busy processing loan applications.

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