SCB quarterly profit at Bt8.4 bn
Siam Commercial Bank (SCB) posted a net profit of Bt8.4 billion in the third quarter of this year, thanks to the increase in interest and fee-based income.
On the quarter-on-quarter basis, the net interest income rose 7.8 per cent to Bt13.53 billion, non-interest income rose 20.1 per cent while non-performing loans stood unchanged at 2.69 per cent.
While pleased with the results, SCB Executive Chairman Vichit Suraphongchai said "Our current attention is on alleviating the tremendous hardship that the floods have inflicted, and indeed continue to inflict, on our customers across all segments and others in the communities that lie within the affected areas. Given the strong fundamentals and healthy financial position of the bank, we are ready to assist these customers and communities in mitigating the hardships they face. We believe that through our collective efforts we will be able to overcome this crisis facing our country.”
