Siam Commercial Bank

The Siam Commercial Bank
ธนาคารไทยพาณิชย์
Company type	Public
Traded as	SET: SCB
Founded	October 4, 1904; 119 years ago (unofficial) ; January 30, 1907; 117 years ago (official)
Founder	Prince Jayanta Mongkol; King Rama V;
Headquarters	SCB Park Plaza, Chatuchak, Bangkok, Thailand
Key people	Kris Chantanotoke (Director & Chief Executive Officer)
Revenue	168,620 million baht (2018)
Net income	40,068 million baht (2018)
Total assets	3,187,340 million baht (2018)
Total equity	380,027 million baht (2018)
Number of employees	27,000
Parent	SCB X Public Company Limited; www.SCBX.com
Subsidiaries	SCB Asset Management; SCB Protect; SCB Julius Baer; SCB Plus
Website	www.scb.co.th

Siam Commercial Bank (Thai: ธนาคารไทยพาณิชย์; RTGS: Thanakhan Thai Phanit) is a Thai bank that was founded on 30 January 1907.

History edit

SCB was founded as the "Book Club" on 4 October 1904 by Prince Jayanta Mongkol, 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 on 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 30 January 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).^[2]

Milestones edit

1939: SCB changed its name to "Siam Commercial Bank" in English, and "Thanakarn Thai Panich" in Thai.
1983: SCB introduced Thailand's first automated teller machines.^[3] and established the Thai Bank Museum
1993: SCB registered as a public company and was henceforth known as "The Siam Commercial Bank Public Company Limited".

Subsidiaries edit

SCB Asset Management
SCB Protect
SCB Julius Baer
SCB Plus

Management edit

Dr. Vichit Suraphongchai, Chairman of the Board and Chairman of the Corporate Social Responsibility Committee^[4]
Mr. Arthid Nanthawithaya, Director, Member of the Executive Committee and Member of the Technology Committee^[5]
Mr. Kris Chantanotoke, Director and Chief Executive Officer^[6]

References edit

^ ^a ^b ^c ^d "SCB: THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED". The Stock Exchange of Thailand. Retrieved 21 March 2019.
^ "1904-1932 Laying the Foundation of Thai Banking". Siam Commercial Bank. 2010. Archived from the original on 26 December 2010. Retrieved 2 January 2011.
^ "A chairman's view on the Thai economy". National Science and Technology Development Agency. n.d. Retrieved 29 March 2018.
^ "Independent Directors". The Siam Commercial Bank Public Company, Ltd. Retrieved 30 January 2023.
^ "Independent Directors". The Siam Commercial Bank Public Company, Ltd. Retrieved 30 January 2023.
^ "Senior Executive Officers". The Siam Commercial Bank Public Company, Ltd. Retrieved 30 January 2023.

[SET-2018-1] "SCB: THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED". The Stock Exchange of Thailand. Retrieved 21 March 2019.

[2] "1904-1932 Laying the Foundation of Thai Banking". Siam Commercial Bank. 2010. Archived from the original on 26 December 2010. Retrieved 2 January 2011.

[nectec-3] "A chairman's view on the Thai economy". National Science and Technology Development Agency. n.d. Retrieved 29 March 2018.

[4] "Independent Directors". The Siam Commercial Bank Public Company, Ltd. Retrieved 30 January 2023.

[5] "Independent Directors". The Siam Commercial Bank Public Company, Ltd. Retrieved 30 January 2023.

[SEO-6] "Senior Executive Officers". The Siam Commercial Bank Public Company, Ltd. Retrieved 30 January 2023.

[1]

[2]

[3]

[4]

[5]

[6]