Siam Commercial Bank
 |
|
| Public | |
| Traded as | : SCB |
| Industry |
Banking Insurance Leasing Real estate |
| Founded | October 4, 1904 (unofficial) January 30, 1907 (official) |
| Founder |
Prince Jayanta Mongkol King Rama V |
| Headquarters | Chatuchak, Bangkok, Thailand |
| Revenue |
 ฿165.83 billion (2014) |
|
฿53.33 billion (2014)
|
|
| Total assets |
฿2,699.70 billion (2014)
|
| Total equity |
฿285.33 billion (2014)
|
| Owner |
Crown Property Bureau Thai Ministry of Finance |
| Subsidiaries | SCB Asset Management SCB Securities SCB Life Assurance Cambodia Commercial Bank Vinasiam Bank |
| Website | www |
Siam Commercial Bank (Thai: ธนาคารไทยพาณิชย์) is the first bank of Thailand, informally established in 1904 as Book Club, and today it is a universal banking group in Thailand with Doctor Vichit as the Chairman of the executive committee
Established by Royal Charter in 1907, Siam Commercial Bank PCL (SCB) was Thailand's first bank. At the time of its establishment, the only banks in the country (then known as Siam) were branch offices of foreign banks. SCB currently provides a comprehensive range of financial products and services through its branch, exchange booth, ATM network, and Business Relationship Centers (BRC) nationwide.
Market Capitalization and Asset Data
At the end of December 2014, SCB's market capitalization stood at 618 billion baht, the highest among Thailand's financial institutions, with total assets around 2.7 trillion baht. SCB's branch, foreign exchange kiosks, and ATM networks totaled 1,173, 108, and 9,142 units respectively, the highest in the banking sector.
History
SCB was founded as the “Book Club” on October 4, 1904 by HRH the Prince Mahisara Rajaharudaya, a brother of King Chulalongkorn (Rama V), who was convinced that the time was ripe for Siam to have its own banking system to help foster the country’s economic development, rather than rely solely on the efforts of foreign banks operating branches in the country. The name “Book Club” was chosen in an effort to keep the project sub rosa as it was something of an experiment. After the success of the “Book Club”, King Chulalongkorn granted royal approval for it to officially operate as a commercial bank under the name “The Siam Commercial Bank” on January 30, 1907.
SCB opened its headquarters in Bangkok's Talat Noi District in 1910. In 1911, it was granted approval to display the royal Garuda symbol as a royal warrant by King Vajiravudh (Rama VI).
Some significant developments:
The Bank provides financial products and services through SCB core business groups:
On June 17, 2015, Fitch Ratings assigned Siam Commercial Bank Public Company Limited a National Short-Term Rating of 'F1+(tha)'.
Siam Commercial Bank is rated C- by Moody's.
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Wikipedia