Tuesday July 23, 2019 16:39
SIAM COMMERCIAL Press Releases
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
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
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
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
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
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
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.
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.
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
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
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
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
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
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
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
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 (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
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 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
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
- 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
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
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
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
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
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
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 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 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)
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