Tuesday July 23, 2019 16:39

SIAM COMMERCIAL Press Releases

SCB introduces fixed formula to help SMEs achieve every goal Determined to strengthen SMEs in all dimensions and upsize businesses from hundreds to thousands of million baht Events—22 Jul 19

To consolidate its customer-centric vision and propel the SME ecosystem, Siam Commercial Bank is employing a fixed formula based on four indispensable factors, including the Knowledge, Banking Products and Services, Connections, and Digital Solutions to

SCB ANNOUNCED SECOND-QUARTER PROFIT OF BAHT 11.0 BILLION AND FIRST-HALF PROFIT OF BAHT 20.1 BILLION Stcoks—19 Jul 19

Bangkok--19 Jul--Siam Commercial Bank

Siam Commercial Bank and its subsidiaries announced total operating income of Baht 36.0 billion in the second quarter of 2019, up 4.9% yoy, with the increase largely attributable to robust net interest income (NII) growth. Strong operating profit translated into a 19.9% qoq increase in net profit to Baht 11.0 billion in the second quarter (based on unaudited consolidated financial statements), although net profit fell slightly by 1.2% yoy. For the first half of 2019, net profit stood at Baht 20.1 billion.

NII in the second quarter rose to Baht 25.5 billion, an increase of 7.1% yoy. Strong NII growth was mainly driven by portfolio re-balancing towards high margin lending in addition to total loan growth of around 3% yoy.

Non-NII increased 0.1% yoy to Baht 10.5 billion despite a decline in SCB Life's insurance business. In addition, Non-NII increased 6.6% qoq as a result of improved recurring fee income as well as higher income from net trading & FX income and net gain on investments.

Expense growth had decelerated in the second quarter largely due to the absence of the one-off provisions to comply with the new labor law. Moreover, the transformation program is near completion and thus bringing the end to the high investment cycle. The underlying cost-to-income ratio improved significantly in

SCB moves forward with new normal of growth through investment in GOJEK and business alliance with Events—11 Jul 19

As a digital banking leader in the country, Siam Commercial Bank has made another great stride in its commitment to driving the leapfrogging growth of the digital economy in Thailand with an announcement of significant investment in GOJEK, Southeast

Photo Release: SCB, EGAT, and Absolute Clean Energy announce successful digital LG development, Events—10 Jul 19

Siam Commercial Bank (SCB), in cooperation with the Electricity Generating Authority of Thailand (EGAT) and Absolute Clean Energy PCL (ACE), unveils its potential as the first bank in Thailand ready to provide digital LG service, an end-to-end digital

SCB, EGAT, and Absolute Clean Energy announce successful digital LG development, with SCB as the Events—10 Jul 19

In cooperation with the Electricity Generating Authority of Thailand (EGAT) and Absolute Clean Energy PCL (ACE), Siam Commercial Bank (SCB) unveils technology and innovation potential as the first bank in Thailand ready to provide end-to-end digital

SCB Agrees to Sell Life Insurance Business to FWD Group and Enter into Long-Term Bancassurance Stcoks—01 Jul 19

The Siam Commercial Bank Public Company Limited ("SCB") has signed a binding Share Sale Agreement with FWD Group Financial Services Pte. Ltd. ("FWD"), the leading pan-Asian life insurer, regarding the sale of its entire stake in SCB Life Assurance Public

SCB shares vision on economic and trade development insights at the Euromoney Conference: The Stcoks—28 Jun 19

Siam Commercial Bank (SCB) recently joined the Euromoney Conferences: The Greater Mekong Investment Forum organized by UK's leading financial magazine, Euromoney, to share its visions and perspectives on the development of the Greater Mekong Subregion.

Photo Release: SCB shares vision on economic and trade development insights at the Euromoney Stcoks—28 Jun 19

Siam Commercial Bank (SCB) recently joined the Euromoney Conferences: The Greater Mekong Investment Forum organized by UK's leading financial magazine, Euromoney, to share its visions and perspectives on the development of the Greater Mekong Subregion.

Photo Release: SCB reaffirms its financial service excellency with seven prestigious awards from Stcoks—18 Jun 19

Siam Commercial Bank Global Transaction Banking Services Division Executive Vice President Mr. Ittiphan Jearkjirm led a team in celebrating seven prestigious from The Asset, a leading financial and investment magazine for the Southeast Asia region. The

Photo Release: SCB launches SCB Intelligent Trade Program #3 to promote skills and potential of Stcoks—10 Jun 19

Siam Commercial Bank (SCB) has joined forces with the Department of International Promotion's New Economy Academy (NEA) to promote Thai exports. To strengthen Thai SMEs in expanding their overseas markets, SCB and NEA will be launching "SCB Intelligent

Photo Release: SCB and Talesun Technologies (Thailand) present solar panels to Royal Thai Air Force Stcoks—06 Jun 19

Siam Commercial Bank and the world's leading manufacturer of solar panels Talesun Technologies (Thailand) Co., Ltd. recently presented 61 solar panels to the Royal Thai Air Force. A Chinese company under the Zhongli Sci-Technology Group, Talesun is one

SCB joins forces with Amazon, embarking Thai SMEs on global adventures with cross border Stcoks—30 May 19

Siam Commercial Bank (SCB) and Amazon Global Selling have announced a major collaboration supporting Thai SMEs in expanding internationally. Under this collaborative effort, SCB is the first and so far the only one Thai bank working with Amazon Global

SCB and SCG win two awards from The Asset for supply chain management innovation Stcoks—23 May 19

Siam Commercial Bank (SCB) President and Digital Ventures Chief Executive Officer Orapong Thien-Ngern and SCG Vice President-Corporate Administration Yuttana Jiamtragan jointly announced the success of SCB and SCG in recently winning two prestigious

Over 15,000 people apply for historic Happy and Healthy Run and Bike for the King event in Events—15 May 19

To celebrate the auspicious occasion of the Royal Coronation Ceremony B.E. 2562, eleven leading organizations led by Airports of Thailand PCL (AOT) and Siam Commercial Bank (SCB) are working together to organize historic "Happy and Healthy Run and Bike

SCB, The Mall Group, and Visa to launch SCB M Visa Prepaid Tourist Card for foreign Stcoks—14 May 19

Siam Commercial Bank (SCB) has joined forces with The Mall Group and Visa to announce yet another remarkable SCB M Visa collaboration under "The First Evolution of Experiential Shopping" concept, aiming to meet the demands of every shopper and to remain

SCB joins with DezpaX to offer food industry SMEs online delivery packaging Stcoks—09 May 19

Recognizing the opportunities and challenges facing food business SMEs in the digital age, Siam Commercial Bank (SCB) has joined forces with specialized food package designer and distributor DezpaX to support SMEs with keeping up with delivery service

The Siam Commercial Bank and Julius Baer launch strategic wealth management joint venture, SCB Stcoks—25 Apr 19

The Siam Commercial Bank (SCB), the first commercial bank in Thailand, and Julius Baer, the leading Swiss wealth management group and one of the four largest private banks in Asia, announced today that their joint venture company, SCB Julius Baer, has

SCB ANNOUNCED FIRST QUARTER PROFIT OF BAHT 9.2 BILLION Stcoks—19 Apr 19

Siam Commercial Bank and its subsidiaries reported (unreviewed) consolidated net profit of Baht 9.2 billion for the first quarter of 2019. Though net profit was down 19% yoy mainly from a one-time increase in personnel-related expenses (severance pay)

Fitch Affirms Siam Commercial Bank at #BBB+# and SCB Securities at #AA(tha)#; Outlook Stcoks—17 Apr 19

Fitch Ratings has today has affirmed the Long-Term Issuer Default Rating (IDR) on The Siam Commercial Bank Public Company Limited (SCB) at 'BBB+' and its National Long-Term Rating at 'AA+(tha)'. At the same time, Fitch has also affirmed the National

SCB and Ria Money Transfer join forces to offer Remittance Payout Services across Stcoks—03 Apr 19

In a confident step forward in the retail international money transfer business, Siam Commercial Bank (SCB) has recently partnered with Ria Money Transfer, a subsidiary of Euronet Worldwide and a leading company in cross-border money remittances, to

SCB and CP ALL announce key digital financial partnership, introducing Stcoks—29 Mar 19

- Banking agent service: More access to SCB services via over 11,100 7-Eleven Counter Service locations nationwide - Digital cash deposits and withdrawals with QR code on the SCB Easy application for the first time in Thailand! Siam Commercial Bank

PEA and SCB join forces to unlock PEA Hero Platform with PEA Energy Intelligence to extend digital Stcoks—25 Mar 19

In a bid to bring the digital ecosystem to the energy industry, the Provincial Electricity Authority (PEA) has collaborated with Siam Commercial Bank (SCB) to develop PEA Energy Intelligence, a fully integrated digital service to help manage business and

Photo Release: SCB garners Thailand Zocial Awards six years in a row Stcoks—01 Mar 19

Siam Commercial Bank has demonstrated yet another outstanding performance with two major awards from the Thailand Zocial Awards 2019, comprising Best Brand Performance on Social Media in the "Banking" Category for six consecutive years, and Best Social

SCB x Google announce partnership to pin up Thai SMEs via Google My Business Stcoks—14 Feb 19

Siam Commercial Bank has forged unprecedented cooperation with Google in the partnership for Google My Business to helpThai small-and medium-size entrepreneurs (SMEs) get online on Google Search and Google Maps via Google My Business. With the move, SCB

Photo Release: SCB x Google announce partnership to pin up Thai SMEs via Google My Business Stcoks—14 Feb 19

Siam Commercial Bank has forged unprecedented cooperation with Google in the partnership for Google My Business to helpThai small-and medium-size entrepreneurs (SMEs) get online on Google Search and Google Maps via Google My Business. With the move, SCB

Photo Release: SCB Ketshopweb offer online shopping platform promotion for SMEs to Simplify Stcoks—12 Feb 19

In its latest effort to boost SME potential in digital marketing, Siam Commercial Bank has collaborated with ready-made e-commerce website service provider Ketshopweb to offer a special promotion for SME clients. The offer will enable SMEs to easily

SCB USD Bonds Overwhelmingly Subscribed by Foreign Institutional Investors Stcoks—31 Jan 19

Siam Commercial Bank Successfully Priced US$1billion Senior Unsecured Notes with 4 Times Oversubscription, One of the Largest Orderbooks from Thai Banks in Recent Times Siam Commercial Bank PCL ("SCB") announced that it successfully priced dual-tranche

Fitch Rates Siam Commercial Bank#s USD Senior Notes Final #BBB+# Stcoks—30 Jan 19

Fitch Ratings has assigned a final rating of 'BBB+' to The Siam Commercial Bank Public Company Limited's (SCB; BBB+/Stable/bbb+) USD500 million senior unsecured notes maturing in February 2024 and USD500 million senior unsecured notes maturing in

Fitch Rates Siam Commercial Bank#s USD Senior Notes #BBB+(EXP)# Stcoks—28 Jan 19

Fitch Ratings has assigned an expected 'BBB+(EXP)' rating to The Siam Commercial Bank Public Company Limited's (SCB; BBB+/Stable/bbb+) proposed US dollar senior unsecured notes, which will be issued under the USD3.5 billion medium-term note (MTN)

Photo Release: SCB showcases its first The DOTs at China Town project to connect successes for new Stcoks—24 Jan 19

Siam Commercial Bank (SCB) is moving forward in promoting Thai SMEs recently joining with Thammasat University's Faculty of Commerce and Accountancy to organize "The DOTs" project, a new professional management skill course promoting the success of the