The Siam Commercial Bank Public Company Stock

SCB X Public Company Limited operates as a holding company for The Siam Commercial Bank Public Company Limited (the bank) that provides various financial products and services.

The company serves as the first indigenous bank in Thailand. The company has played a pivotal role in shaping the country's financial services landscape through countless business cycles and political changes.

The company provides its products and services through its head office and branch network in Thailand. The company operates its branches in Singapore, Hong Kong, Laos, Vietnam, China and the Cayman Islands and its subsidiaries in Thailand, Singapore, Cambodia and Myanmar.

Complementing its core transaction services related to deposits and loans, the company provides a comprehensive range of products and services to meet all customer needs. Retail services include home loans, personal loans, car hire-purchase, credit cards, debit cards, currency exchange facilities, and overseas remittances, as well as investment and bancassurance products. For corporate and SME customers, the bank offers business cash management services, lending products, trade finance, treasury products, bond and equity products, investment banking & corporate advisory, and other related financial services with a comprehensive service network in line with the ever-advancing world. In addition, there are services offered by the bank's subsidiaries as financial specialists meeting specific customer needs. For example, SCB Asset Management Co., Ltd., manages mutual funds, provident funds, and private funds. SCB Protect Co., Ltd., operates a comprehensive life and non-life insurance brokerage business. SCB-Julius Baer Securities Co., Ltd. (SCBJB), a strategic joint venture, delivers wealth management and impactful advice and solutions to high- and ultra-high-net-worth clients in Thailand.

The company offers various deposits, such as at call, savings, and fixed (less than 6 months, 6 months and less than 1 year, and over 1 year) deposits.

For Wealth customers, the bank focuses on providing personal/family loans for wealth management and will analyze repayment ability and loan structure based on product type.

The company operates through Corporate, SME, Retail & Wealth segments.

Lending Activities

The company has established a clear set of credit policies, strategies, and lending targets, focusing on maintaining credit quality in line with market opportunities, and on adapting to the situations and trends following the increasing role of technology and dependence on digital systems and platforms. To increase the ease and convenience of financial services even further, the company has combined technology with data to create a digital banking service model.

Lending Policy

The company's lending policy covers a wide range of business segments, including Retail, Wealth, SSME, small and medium-size enterprises (SME) and corporate customers. For business lending, the company targets high-potential, high growth businesses among both existing and new clients. The company makes credit decisions based on a customer's cash flow and using alternative data (if any) to analyze the ability to repay, including considering the quality of collateral used for risk mitigation.

Strategy

Corporate

The company's strategy is to Loan portfolio optimization. This segment serves corporate and commercial customers.

SME

The key elements of the company's strategy are to focus on understanding customer needs in-depth; focus on portfolio rebalancing; create a 'Digital Commerce Ecosystem'; use technology to uplift business levels; and create academy courses for SME entrepreneurs.

This segment serves SME customers and small businesses.

Wealth

The key elements of the company's strategy are to provide holistic financial solutions using open architecture frameworks; focus on client portfolio performance; continuously uplift wealth advisory capabilities; strategically develop digital wealth projects; and pursue wealth business through collaboration among SCBX subsidiaries.

Retail

The key elements of the company's strategy are to grow a quality portfolio and customer base; drive engagement through a superior customer experience by directly offering 'Credit Power; go beyond banking through digital innovation and leveraging ecosystems. This segment serves individuals.

Digital Banking

The key elements of the company's strategy include driving customer engagement; innovating new products; enhancing stability and efficiencies across digital channels; personalized assistant services to provide analytics-driven advice to customers.

History

SCB X Public Company Limited was founded in 1906.