Siam Commercial Bank was established by royal charter on January 30, 1907 as the first Thai bank. During its more than 110 years in business, the Bank has played a leading role in providing the financial services needed in Thailand, developing deep expertise.
Today, SCB is a leading universal bank, offering deposits and lending and a wide range of other products and services, to meet the needs of all customers. Our retail services include home loans, personal credit, car hire purchase, credit cards, ATM cards, debit cards, currency exchange facilities and overseas remittances as well as investment and insurance products. For corporate and SME customers, the Bank offers cash management-related services, lending products, international trade financing, treasury products, debt and capital market products, corporate advisory, investment banking and other services. Our services are backed by our extensive banking network and continual pursuit of technological innovation. In addition, the Bank's SCB Group includes three major subsidiaries that provide specialized financial services: SCB Securities, SCB Asset Management and SCB Life Assurance.
Under the vision to serve as "The Most Admired Bank,” SCB has established a strategic plan called SCB Transformation, designed to dramatically upgrade the Bank's infrastructure and enhance its long-term competitiveness. This transformative plan responds to rapid change in the financial services industry, which is being reshaped by digital technology, regulatory change and new consumer behavior. Following this strategic plan's "Going Upside Down" approach, the Bank will transform its business model and thinking throughout its human resources, work processes, products and technology, enabling breakthrough performance and creating sustainable value for our customers and society.
As of 1 October 2020
Based on our commitment to serve the nation as "The Most Admired Bank," Siam Commercial Bank is revitalizing its organization and operations under a major strategic plan that we call SCB Transformation. This effort will strengthen our organization according to a new business model that follows a "Somersault Strategy." Here is an outline:
Founded in 1906 as the first Thai bank, SCB has long enjoyed the trust of its customers and is known worldwide for its vision.
SCB won "Best Bank in Thailand " awards for 2018 from seven respected international and local financial institutions and publications. SCB also won 100 "Best awards" for investment banking, private banking, SMEs, asset & fund management, trade finance, media & marketing, corporate governance and more. SCB's long record of honors and recognition reflects our consistency, effectiveness and efficiency in all that we do.
As an important part of the backbone of the nation's economy, we are proud to share our success. We are committed to continuing on this path of achievement, reaching higher and growing ever stronger.