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Finance

Siam Commercial Bank Public Co. Ltd.

  • 140.00 THB
  • +1.50
  • +1.08%
  • Thailand
    Apr 20, 2018
  • Ticker
    BKK(SCB)
  • Prev. close
    138.50
  • Market cap (THB)
    470,267M
  • Market cap (USD)
    15,014.90M
  • Shares
    3,395.43M

Company Background

Siam Commercial Bank is the oldest commercial bank in Thailand. It is currently the third-largest bank by assets, and has over 1,100 branches nationwide.

Its history traces back to 1904 when it was established under the leadership of Prince Mahisorn. After operating for two years as a pilot project under the name of Book Club, the bank was granted the King's permission to be a full-fledged commercial bank.

Given this background, the Bureau of the Crown Property and its Group is the largest shareholder with a 23% stake. The second largest shareholder with a 23% stake is Vayupak Mutual Fund which is 30% controlled by the finance ministry.

Board Chairman Anand Panyarachun has served twice as Thailand's prime minister, from 1991 to 1992 and again in 1992 amid the political unrest after a military coup in February 1991. He was the bank's independent director since 1984 and became chairman in 2007.

Executive Committee Chairman Vichit Suraphongchai started his career as a banker with Bangkok Bank, the country's largest bank by assets. He left Bangkok Bank after serving as president from 1992 to 1994 and became minister of transport and communication.

Business Summary

The Siam Commercial Bank Public Co. Ltd. engages in the banking business. It involves in personal banking, business banking, and wholesale banking. It operates through the the following segments: Corporate, SME, Retail, and Others. The company was founded in 1906 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2017 THBUSD
Revenue221,897.75M6,539.18M
Gross Profit----
Operating income53,480.23M1,576.02M
Income before tax53,504.71M1,576.75M
Net income43,151.90M1,271.65M
EBITDA----
Diluted EPS12.700.37
Dividends Per Share5.500.16
Total Assets3,024.03B92,790.18M
Total liabilities2,660.26B81,628.38M
Total equity363,463.57M11,152.61M
Operating cash flow88,212.88M2,599.57M
Currency in THBCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 215,331M 213,929M 227,527M 219,761M 221,897.75M
Gross Profit -- -- -- -- --
Operating income 63,142M 65,094M 59,121M 58,997M 53,480.23M
Income before tax 62,581M 66,906.11M 58,827M 59,172.97M 53,504.71M
Net income 50,233M 53,335M 47,182M 47,612M 43,151.90M
EBITDA -- -- -- -- --
Diluted EPS 14.78 15.69 13.88 14.01 12.70
Dividends Per Share 5.25 6 5.50 5.50 5.50
Total Assets 2,534.20B 2,699.70B 2,774.30B 2,913.02B 3,024.03B
Total liabilities 2,286.16B 2,413.40B 2,466.61B 2,578.72B 2,660.26B
Total equity 246,272M 285,332M 307,463M 334,089M 363,463.57M
Operating cash flow 105,537M 90,037M 116,571M 100,754M 88,212.88M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 7,007.36M 6,585.76M 6,638.73M 6,228.95M 6,539.18M
Gross Profit -- -- -- -- --
Operating income 2,054.78M 2,003.90M 1,725.01M 1,672.22M 1,576.02M
Income before tax 2,036.52M 2,059.69M 1,716.44M 1,677.21M 1,576.75M
Net income 1,634.69M 1,641.90M 1,376.66M 1,349.52M 1,271.65M
EBITDA -- -- -- -- --
Diluted EPS 0.48 0.48 0.40 0.39 0.37
Dividends Per Share 0.17 0.18 0.16 0.15 0.16
Total Assets 77,121.26M 82,057.83M 77,096.26M 81,345.49M 92,790.18M
Total liabilities 69,572.88M 73,355.77M 68,545.67M 72,010.27M 81,628.38M
Total equity 7,494.58M 8,672.70M 8,544.19M 9,329.35M 11,152.61M
Operating cash flow 3,434.41M 2,771.77M 3,401.28M 2,855.79M 2,599.57M

Valuation Measures

Dec 2017
PER11.81
ROA1.45%
ROE12.37%
Operating margin24.10%
Profit margin19.44%

Key executives

  • President, Chief Executive Officer & Director: Arthid Nanthawithaya
  • Chief Financial Officer: Kittiya Todhanakasem
  • Chief Technology Officer: Colin Richard Dinn
  • SEVP & Head-Special Assets: Sarunthorn Chutima
  • Chief Risk Officer & SEVP: Anucha Laokwansatit

Shareholders

  • MAHA VAJIRALONGKORN B (22.9%)
  • Krung Thai Asset Management Public Co., Ltd. (11.5%)
  • MFC Asset Management Public Co., Ltd. (Investment Management) (11.5%)
  • State Street Corp. (5.3%)
  • Social Security Office of Thailand (2.0%)
  • The Vanguard Group, Inc. (1.4%)
  • Norges Bank Investment Management (0.8%)
  • Harding Loevner LP (0.7%)
  • GIC Pte Ltd. (Investment Management) (0.5%)
  • APG Asset Management NV (0.3%)

Contact Details

  • Website:http://www.scb.co.th
  • Address: 9 Rutchadapisek Road, Chatu Chak, Bangkok, 10900, Thailand
  • Phone: +66.2.544.1111

Related Companies

  • Siam Commercial Bank Public Co. Ltd. (Vietnam)
  • Digital Ventures Co. Ltd.
  • Siam Commercial Bank Public Co. Ltd. (Laos)
  • Siam Commercial Bank Public Co. Ltd. (Broker)
  • Siam Commercial Bank Public Co. Ltd. (Research Firm)
  • Siam Commercial Bank Public Co. Ltd. (Cayman Islands)
  • Scb Leasing (Public) Co., Ltd.
  • SCB Plus Co., Ltd.
  • Rutchayothin Assets Management Co. Ltd.
  • SCB Training Centre Co., Ltd.
  • Siam Commercial Bank Public Co. Ltd. (Hong Kong Branch)
  • Chatuchak Asset Management Co. Ltd.
  • Mahisorn Co. Ltd.
  • Siam Commercial Bank Public Co. (New York)
  • Siam Commercial Bank Public Co. Ltd. (Singapore Branch)
  • Thai Mercantile Marine Ltd.
  • Phoenix Land Development Co. Ltd.
  • SCB Life Assurance Public Co., Ltd.
  • Standard Chartered Bank (Thai) Public Co. Ltd.
  • Mining & General Management Co Ltd
  • Cambodian Commercial Bank
  • Thai Hoya Lens Ltd
  • Singburi Sugar Co., Ltd.
  • Siam Pitiwat Co Ltd
  • Siam Information & Processing Co Ltd
  • SCB Securities Co. Ltd.
  • SCB Asset Management Co. Ltd.
  • Siam Industrial Credit Public Co. Ltd.
  • Siam Commercial Leasing Public Co. Ltd.

Competitors

  • Kasikornbank Public Co. Ltd.
  • Krung Thai Bank Public Co., Ltd.
  • Kiatnakin Bank Public Co. Ltd.
  • KGI Securities (Thailand) Public Co., Ltd.
  • CIMB Thai Bank Public Co. Ltd.
Last Updated on 20 Apr, 2018

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