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The Latest Breaking News from Siam Commercial Bank

Signs amass indicating a fragile employment market

Thailand's unemployment rate remains relatively low, but the labour market is showing signs of weakening, says SCB Economic Intelligence Center (EIC), the research arm of Siam Commercial Bank.

Bangkok Post

SCB X looks to AI for transformation

SCB X, a financial technology conglomerate and the holding company of Siam Commercial Bank, is accelerating its transformation into an AI-first organisation and leveraging artificial intelligence (AI) to gain deeper customer insights.

Bangkok Post

Where does Bitkub go from here?

For years, Bitkub symbolised Thailand's cryptocurrency boom. It was the country's largest digital asset exchange, the creator of KUB Coin, and the startup that reached unicorn status after Siam Commercial Bank (SCB) announced a landmark acquisition worth 35 billion baht.

Bangkok Post

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Energy to pressure inflation in H2

SCB Economic Intelligence Center (EIC), a research centre under Siam Commercial Bank, expects energy costs will continue to propel inflation in the second half of the year even as the Middle East war shows signs of de-escalation.

Bangkok Post

InsureX targets B10bn in premiums

InsureX, the life and non-life insurance broker wholly owned by Siam Commercial Bank, has set an ambitious growth strategy aimed at expanding its customer base to 1 million to achieve total premiums of 10 billion baht by 2030 as it transitions from a traditional brokerage model to a protection advisory…

Bangkok Post

SCB X tempers Gen 2 growth ambitions

SCB X, the financial technology conglomerate and holding company of Siam Commercial Bank (SCB), expects to maintain single-digit loan growth for its Gen 2 businesses under a cautious strategy despite their strong growth potential.

Bangkok Post

SCB relying on attrition to reduce its headcount

Siam Commercial Bank (SCB) has no plans to recruit new employees to replace staff leaving through attrition, targeting a workforce of around 15,000 employees by the end of next year.

Bangkok Post

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SCB X puts AI at core of operations

SCB X, the holding company of Siam Commercial Bank, has outlined its new vision for the future of banking, positioning artificial intelligence (AI) as the core infrastructure that redefines how financial institutions operate, serve customers, and create new business opportunities in the years ahead.

Bangkok Post

Sansiri, SCB eye young affluent homebuyers

SET-listed developer Sansiri has partnered with Siam Commercial Bank (SCB) to increase sales of residential units priced more than 10 million baht, targeting young affluent homebuyers who are not existing SCB wealth clients, with a goal of generating 13 billion baht in sales within one year.

Bangkok Post

Thailand's SCB Announces 24/7 Stablecoin Remittances In Lightnet Partnership, Powered By Fireblocks

Thailand's oldest commercial bank has partnered with Lightnet to allow stablecoin settlements, integrating Fireblocks custody technology to enhance cross-border payments and remittances.

International Business Times

SCB course to shape new leaders

SCB-Julius Baer Securities Co, a strategic joint venture between Siam Commercial Bank and Julius Baer, has launched its latest venture -- The 45 Academia programme -- aimed at cultivating the "leaders of tomorrow".

Bangkok Post

SCB aims to use joint venture for growth

Siam Commercial Bank (SCB) plans to expand its wealth management customer base by 12% per year for the next 3-5 years, hoping to raise its fee-based income.

Bangkok Post

Asian stocks fall amid fears of recession

The Stock Exchange of Thailand slipped on Monday with Asian bourses broadly down, as investors trimmed risks following a drop in US equity futures, while analysts raised concerns about financial sector stress, saying recession fears are growing.

Bangkok Post

Shares of KBank, SCB plunge amid Stark issues

Shares of Kasikornbank (KBANK) and Siam Commercial Bank (SCB) fell sharply on Thursday as investors were concerned that Stark Corporation (STARK) may default on loan payments with both banks, say analysts.

Bangkok Post

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Bangkok Post

Listed banks post flat loan growth

The banking sector is expected to post marginal loan growth in the first quarter this year, attributed to sluggish demand caused by the global economic slowdown and Thailand's uneven economic recovery.

Bangkok Post

Building a digital bank with a human touch

Siam Commercial Bank (SCB) is moving towards digital banking services, though the 117-year-old financial institution still believes in a combination of human quality and technological efficiency, describing its strategy as a "digital bank with a human touch".

Bangkok Post

SCB unveils new digital bond service on its mobile app

Siam Commercial Bank (SCB) plans to ramp up digital bonds as part of its digital banking strategy, aiming to provide more convenience to retail bond investors.

Bangkok Post

SCB ramps up growth outlook to 3.9%

SCB Economic Intelligence Center (EIC), the research arm of Siam Commercial Bank, has upgraded its Thai economic growth forecast for 2023 to 3.9% from 3.4% because local and global economic trends are better than expected.

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Bangkok Post

SCB focuses on digital bank strategy

Siam Commercial Bank (SCB) aims to become a universal digital bank and upgrade its mobile banking platform to be No.1 in wealth management services.

Bangkok Post

SCB X keen on novel banking opportunity

SCB X, the holding company of Siam Commercial Bank, is interested in setting up a virtual bank, aiming to explore new business opportunities.

Bangkok Post

EIC downgrades growth forecast for 2023

The Economic Intelligence Center (EIC), a research unit under Siam Commercial Bank, has slashed its 2023 GDP growth projection for Thailand due to the global economic slowdown and the increased likelihood of a recession in developed economies.

Bangkok Post

SCB X allocates $50m for Indonesia's BJJ

SCB X, a holding company of Siam Commercial Bank and SCB X Group, has invested US$50 million via an indirect investment in Indonesia-based Bank Jasa Jakarta (BJJ) through WeLab Sky as part of SCB X's strategy to become a regional financial technology group.

Bangkok Post

Food delivery company Robinhood to launch ride-hailing services this year

Robinhood, the food delivery company backed by Siam Commercial Bank, will introduce car-hailing services by the end of this year as it moves to become a "superapp".

Bangkok Post

EIC increases inflation projection to 6.1%

The Economic Intelligence Center (EIC), a research house under Siam Commercial Bank, has upgraded its inflation rate projection for this year to higher than 6% before falling to the near the Bank of Thailand's target range next year.

Bangkok Post

Gulf vows to stick with Binance deal

The scrapped Siam Commercial Bank (SCB)-Bitkub investment deal has not deterred Gulf Energy Development from its decision to venture into the digital asset business, with the company saying it was determined to benefit from the latest trend in new technology.

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