BBL, SCB as Banks of the Year
Bangkok Bank (BBL) and Siam Commercial Bank (SCB) are voted Banks of the Year 2012 by Money & Banking magazine, thanks mainly to their impressive financial performance in the previous year.
From 15 banks in coverage, BBL was ranked No.1 for six consecutive years. At the end of 2011, its earning per share was on the top chart, at Bt14.48; and highest book value at Bt123.34 per share.
Winning the title for the second year, SCB in 2011 chalked up the highest-ever net profit of Bt31.87 billion. The net profit margin and return on asset were the highest among 15 banks, at 29.93 per cent and 1.97 per cent, respectively.
Kasikornbank moves up one notch to the 3rd place, with the highest revenue of Bt106.79 billion and the second-highest book value at Bt58.65 per share.
Following is Krung Thai Bank, which was at the 6th place in the previous year. In 2011, its net profit expanded 23.53 per cent to Bt17.33 billion, thanks to the bank's new strategic goals to simultaneously grow loans, deposits and assets.
Details of the criteria and business plans of each banks are contained in the April edition.
Others' rankings are as follow;
Banks 2012 2011
Tisco Bank 5 4
Standard Chartered Bank (Thai) 6 7
Kiatnakin Bank 7 3
Bank of Ayudhya 8 9
Thanachart Bank 9 7
TMB Bank 10 12
ICBC Bank (Thai) 10 14
LH Bank 12 11
United Overseas Bank (Thai) 13 10
CIMB Thai Bank 14 13
Thai Credit Retail Bank 15 15
