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11 Thai banks report profit dip, with rising bad debt concerns and uncertain Q3 ahead
11 Thai banks report profit dip, with rising bad debt concerns and uncertain Q3 ahead
TUESDAY, JULY 22, 2025
11 Thai banks report Q2 2025 profit of 66.2 billion baht, down 3%. Provisions for bad debt rise as concerns mount over Q3 impact from Trump's tax and interest rate cuts.Thailand’s 2025 growth forecast slashed to 1.5% amid global and structural headwinds
Thailand’s 2025 growth forecast slashed to 1.5% amid global and structural headwinds
SATURDAY, JUNE 28, 2025
Siam Commercial Bank’s Economic Intelligence Centre (SCB EIC) has downgraded Thailand’s economic growth forecast for 2025 to just 1.5%, citing both global and structural headwinds.Thai banks load cash for expected Chinese New Year rush
Thai banks load cash for expected Chinese New Year rush
WEDNESDAY, JANUARY 15, 2025
The BOT has prepared various denominations totalling THB100 billionBanks put in place measures to minimise lending risks
Banks put in place measures to minimise lending risks
MONDAY, AUGUST 12, 2024
Thailand’s major financial institutions are preparing for a difficult second half of 2024, as a struggling economy and high household debt force banks to take a more conservative approach to lending.SCB to deploy more AI innovations, for big jump in digital revenue
SCB to deploy more AI innovations, for big jump in digital revenue
FRIDAY, MAY 17, 2024
Siam Commercial Bank (SCB) intends to apply artificial intelligence (AI) to advance operations, aiming to boost digital income to 25% by 2025 compared to 9.9% in the first quarter of this year, the bank said on Friday.Banks prepare for increased withdrawals over Songkran holiday
Banks prepare for increased withdrawals over Songkran holiday
FRIDAY, APRIL 05, 2024
Anticipating a rush for ready money, Thai commercial banks are increasing their cash reserves ahead of the 5-day break over the Songkran Festival from April 12-16 to cater for increased withdrawals as people head off for the long holiday.Siam Commercial Bank injects over 52 billion baht in sustainable loans in first nine months
Siam Commercial Bank injects over 52 billion baht in sustainable loans in first nine months
TUESDAY, OCTOBER 31, 2023
Spearheading Thailand's business sector toward Net Zero transitionSCB and BOT collaborate to launch retail CBDC SCB App pilot project
SCB and BOT collaborate to launch retail CBDC SCB App pilot project
TUESDAY, JULY 25, 2023
Siam Commercial Bank (SCB) and the Bank of Thailand (BOT) are working together to support the advancement of the country's digital currency infrastructure. Their latest endeavour involves the development of the CBDC SCB application, aimed at facilitating a retail CBDC (Central Bank Digital Currency) usage test.Siam Commercial Bank reigns as Bank of the Year 2023
Siam Commercial Bank reigns as Bank of the Year 2023
MONDAY, JULY 17, 2023
Siam Commercial Bank (SCB) has been honoured with the prestigious Bank of the Year 2023 award by Money & Banking Magazine at the Money & Banking Awards 2023 ceremony, which recognizes outstanding performance and business excellence in the banking industry.SCBX partners with Korean lender in latest move for digital bank licence
SCBX partners with Korean lender in latest move for digital bank licence
FRIDAY, JUNE 16, 2023
SCBX, the financial technology business group of Siam Commercial Bank, announced an official partnership with South Korea’s largest digital bank, KakaoBank, on Friday as part of its effort to apply for a licence from the Bank of Thailand to establish a virtual bank.