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Our History

  • At a Glance

    The Siam Commercial Bank PCL was Thailand's first indigenous bank, established in 1906 under Royal Charter. According to unconsolidated financial information filed with the Bank of Thailand, the Bank was Thailand's second largest commercial bank in terms of total assets, as at September 30, 2015.

  • As of September 30, 2015, the Bank had, on a consolidated basis, Baht 2,762 billion in total assets, Baht 1,928 billion in deposits and Baht 1,815 billion in loans. The Bank has been listed on the SET since 1976

  • SCB shares listed on the Stock Exchange of Thailand include common shares (SCB, SCB-F) and preferred shares (SCB-P,SCB-Q). The total market capitalization as of September 30, 2015 was Baht 455,492 million.

  • The Bank provides a full range of financial services, including corporate and personal lending, retail and wholesale banking, foreign currency operations, international trade financing, cash management, custodial services, credit and charge card services and investment banking services, through its head office and its extensive branch network.

  • 1904 - 1932 Laying the Foundation of Thai Banking

    The most important change in Thailand's financial system was engineered under the visionary and wise leadership of Prince Mahisara Rajaharudaya (H.R.H. Prince Mahisorn), a brother of King Chulalongkorn Rama V. He realized that it would be difficult for Thailand to develop its economy without the firm foundation of a national banking system. His approach was to cautiously set up a small commercial bank as a pilot project, naming it the "Book Club".

  • 1932 - 1957 The Strength to Overcome Obstacles

    The devaluation of the pound sterling in 1931 was a factor in the closure of the Thung Song branch and caused difficulties for the bank as a whole. SCB immediately saw its pound-deno- minated assets (hard currency and negotiable notes) decline in value.

  • 1957 - 1973 Supporting Thailand’s Development

    Between 1957 and 1973, internal security – primarily to counter the threat from Communism was given highest priority by the Thai government. This period also saw the extensive expansion of infrastructure and public utilities to backstop the country’s economic advancement, as well as the bolstering of organizations designed to facilitate industrial development. Financial institutions were also strengthened, initially through the passage of the Commercial Banking.

  • 1973 - 1988 Growth through Innovation

    By introducing advanced technology to serve its customers, Siam Commercial Bank opened a new chapter for Thai banking and for itself, ushering in the age of electronic banking for the convenience of its customers. It was in line with the Bank’s newborn slogan "A Firm Foundation with Heartfelt Service".

  • 1988 - 1997 Expansion through Collaboration

    In 1997, the Thai economy was struggling to keep its head above water. Although there was a general lack of public confidence in Thai financial institutions, Siam Commercial Bank continues to enjoy tremendous customer loyalty. Also in this year, Siam Commercial Bank had to recapitalize because the Bank of Thailand required that banks increase their reserves as a provision for doubtful debts and because of the increasing number of problematic loans.

  • 1998 - 1999 Weathering the Storm

    In 1999, SCB's issue of shares offered between 31 March and 10 May is oversubscribed and, with matching funds from the Thai government per its economic recovery measure of 14 August 1998, raises capital amounting to 65 billion baht. SCB is the first Thai commercial bank to have successfully recapitalised by selling preferred stock, and the capital raised is the largest in Thailand and Asia (excluding Japan).

  • 1999 - Quality and Integrity Pave the way to the Future

    Siam Commercial Bank has stated its mission as being The Premier Universal Bank of Thailand. Thus, it seeks to provide not only the traditional commercial banking services but a full range of financial services, and aided by continual organization and personnel development to meet international standards – in part, through the Change Program – Siam Commercial Bank has experienced continuous growth.