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Finance

Siam Commercial Bank Public Co. Ltd.

  • 142.00 THB
  • +0.50
  • +0.35%
  • Thailand
    Jul 19, 2019
  • Ticker
    BKK(SCB)
  • Prev. close
    141.50
  • Market cap (THB)
    480,942M
  • Market cap (USD)
    15,623.90M
  • Shares
    3,399.19M

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 following segments: Corporate, SME, Retail, and Others. The Corporate Segment which serves corporate and commercial customers. The SME Segment which serves SME customers. The Retail Segment which serves individuals and small businesses. The company was founded on January 30, 1907 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2018 THBUSD
Revenue229,451.00M7,097.75M
Gross Profit----
Operating income49,562.12M1,533.13M
Income before tax49,515.94M1,531.70M
Net income40,067.55M1,239.43M
EBITDA----
Diluted EPS11.780.36
Dividends Per Share5.500.17
Total Assets3,187.33B97,891.26M
Total liabilities2,806.35B86,190.31M
Total equity380,026.59M11,671.57M
Operating cash flow91,543.22M2,831.76M
Currency in THBCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 213,929M 227,527M 219,761M 221,897.75M 229,451.00M
Gross Profit -- -- -- -- --
Operating income 65,094M 59,121M 58,997M 53,480.23M 49,562.12M
Income before tax 66,906.11M 58,827M 59,172.97M 53,504.71M 49,515.94M
Net income 53,335M 47,182M 47,612M 43,151.90M 40,067.55M
EBITDA -- -- -- -- --
Diluted EPS 15.69 13.88 14.01 12.70 11.78
Dividends Per Share 6 5.50 5.50 5.50 5.50
Total Assets 2,699.70B 2,774.30B 2,913.02B 3,024.03B 3,187.33B
Total liabilities 2,413.40B 2,466.61B 2,578.72B 2,660.26B 2,806.35B
Total equity 285,332M 307,463M 334,089M 363,463.57M 380,026.59M
Operating cash flow 90,037M 116,571M 100,754M 88,212.88M 91,543.22M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 6,585.76M 6,638.73M 6,228.95M 6,539.18M 7,097.75M
Gross Profit -- -- -- -- --
Operating income 2,003.90M 1,725.01M 1,672.22M 1,576.02M 1,533.13M
Income before tax 2,059.69M 1,716.44M 1,677.21M 1,576.75M 1,531.70M
Net income 1,641.90M 1,376.66M 1,349.52M 1,271.65M 1,239.43M
EBITDA -- -- -- -- --
Diluted EPS 0.48 0.40 0.39 0.37 0.36
Dividends Per Share 0.18 0.16 0.15 0.16 0.17
Total Assets 82,057.83M 77,096.26M 81,345.49M 92,790.18M 97,891.26M
Total liabilities 73,355.77M 68,545.67M 72,010.27M 81,628.38M 86,190.31M
Total equity 8,672.70M 8,544.19M 9,329.35M 11,152.61M 11,671.57M
Operating cash flow 2,771.77M 3,401.28M 2,855.79M 2,599.57M 2,831.76M

Valuation Measures

Dec 2018
PER11.32
ROA1.29%
ROE10.77%
Operating margin21.60%
Profit margin17.46%

Key executives

  • President, Chief Executive Officer & Director: Arthid Nanthawithaya
  • Chief Financial Officer & Senior EVP: Jens Lottner
  • Chief Technology Officer Senior EVP: Colin Richard Dinn
  • Chief SME Banking Officer & Senior EVP: Pikun Srimahunt
  • SEVP & Head-Special Assets: Sarunthorn Chutima

Shareholders

  • MAHA VAJIRALONGKORN B (23.3%)
  • Krung Thai Asset Management Public Co., Ltd. (11.5%)
  • MFC Asset Management Public Co., Ltd. (Investment Management) (11.5%)
  • Social Security Office of Thailand (2.6%)
  • GIC Pte Ltd. (Investment Management) (1.1%)
  • Norges Bank Investment Management (0.5%)
  • Dimensional Fund Advisors LP (0.5%)
  • Government Savings Bank of Thailand (Investment Portfolio) (0.5%)
  • TMB Asset Management Co., Ltd. (0.4%)
  • The Caisse de depot et placement du Quebec (0.2%)

Contact Details

  • Website:http://www.scb.co.th
  • Address: 9 Rutchadapisek Road, Chatu Chak, Bangkok, 10900, Thailand
  • Phone: +66.2.544.1000

Related Companies

  • Siam Commercial Bank PCL (Shanghai Branch)
  • 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 Branch)
  • 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.
  • KGI Securities (Thailand) Public Co., Ltd.
Last Updated on 19 Jul, 2019

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