SCB READIES BT22 BN TO BOOST IT SYSTEM

TUESDAY, DECEMBER 26, 2017
SCB READIES BT22 BN TO BOOST IT SYSTEM

Siam Commercial Bank (SCB) Plc has set aside an investment budget Bt22 billion for 2018-19 to develop its information technology system, the bank’s senior executive vice president, chief financial officer Kittaya Todhanakasem said yesterday.

She added that this was part of a three-year investment plan, starting this year.
This year bank spent Bt18 billion to develop its information technology system. The next Bt22 billion will spend from 2018-19. The investment budget came from the bank’s initial cash reserves and from the issuance of debentures worth US$900 million. or about Bt28.8 billion, this year.