ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

The Siam Commercial Bank Public Co. Ltd.

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. The firm involves in personal banking, business banking, and wholesale banking. It operates through the following segments: Corporate, SME, Retail, and Insurance segment. 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 Insurance segment provides insurance products through subsidiary companies and the Bank's distribution channel. The company was founded on January 30, 1907 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2021 THBUSD
Revenue177,824.74M5,554.20M
Gross Profit----
Operating income44,172.08M1,379.67M
Income before tax44,214.08M1,380.98M
Net income35,598.81M1,111.89M
EBITDA----
Diluted EPS10.470.32
Dividends Per Share4.060.12
Total Assets3,314.56B99,223.61M
Total liabilities2,871.94B85,973.65M
Total equity441,006.18M13,201.80M
Operating cash flow31,241.38M975.79M
Currency in THBCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 221,897.75M 229,451.00M 222,446.96M 180,269.63M 177,824.74M
Gross Profit -- -- -- -- --
Operating income 53,480.23M 49,562.12M 35,294.48M 33,866.16M 44,172.08M
Income before tax 53,504.71M 49,515.94M 59,318.32M 33,866.16M 44,214.08M
Net income 43,151.90M 40,067.55M 40,436.35M 27,217.60M 35,598.81M
EBITDA -- -- -- -- --
Diluted EPS 12.70 11.78 11.89 8.00 10.47
Dividends Per Share 5.50 5.50 5.50 2.30 4.06
Total Assets 3,024.03B 3,187.33B 2,963.74B 3,278.38B 3,314.56B
Total liabilities 2,660.26B 2,806.35B 2,562.89B 2,866.55B 2,871.94B
Total equity 363,463.57M 380,026.59M 400,357.83M 411,429.90M 441,006.18M
Operating cash flow 88,212.88M 91,543.22M 144,895.55M 41,548.97M 31,241.38M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 6,539.18M 7,097.75M 7,165.35M 5,760.30M 5,554.20M
Gross Profit -- -- -- -- --
Operating income 1,576.02M 1,533.13M 1,136.88M 1,082.15M 1,379.67M
Income before tax 1,576.75M 1,531.70M 1,910.73M 1,082.15M 1,380.98M
Net income 1,271.65M 1,239.43M 1,302.51M 869.70M 1,111.89M
EBITDA -- -- -- -- --
Diluted EPS 0.37 0.36 0.38 0.25 0.32
Dividends Per Share 0.16 0.17 0.17 0.07 0.12
Total Assets 92,790.18M 97,891.26M 98,944.07M 109,425.35M 99,223.61M
Total liabilities 81,628.38M 86,190.31M 85,561.89M 95,679.38M 85,973.65M
Total equity 11,152.61M 11,671.57M 13,365.86M 13,732.64M 13,201.80M
Operating cash flow 2,599.57M 2,831.76M 4,667.30M 1,327.64M 975.79M

Valuation Measures

Dec 2021
PER12.12
ROA1.07%
ROE8.35%
Operating margin24.84%
Profit margin20.01%

Key executives

  • Chief Executive Officer & Director: Arthid Nanthawithaya
  • Co-President: Arak Sutivong
  • Co-President: Apiphan Charoenanusorn
  • Co-President: Sarut Ruttanaporn
  • Chief Financial Officer: Manop Sangiambut

Shareholders

  • VAJIRAKLAOCHAOYUHUA MAHA VAJIRALONGKORN PHRA (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 (2.2%)
  • Norges Bank Investment Management (1.0%)
  • Harding Loevner LP (0.8%)
  • Krungsri Asset Management Co., Ltd. (0.5%)
  • McKinley Capital Management LLC (0.5%)
  • TMB Asset Management Co., Ltd. (0.3%)
  • Pzena Investment Management LLC (0.1%)

Contact Details

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

Related Companies

  • Siam Commercial Myanmar Ltd.
  • SCB 10X Co., Ltd.
  • SCB-Julius Baer Securities Co., Ltd.
  • Siam Commercial Bank PCL (Shanghai Branch)
  • SCB Protect Co., Ltd.
  • 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.
  • 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.
  • Mining & General Management Co Ltd
  • Cambodian Commercial Bank Ltd.
  • 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.

Competitors

  • Kasikornbank Public Co. Ltd.
  • Mitsubishi UFJ Financial Group, Inc.
  • CIMB Thai Bank Public Co. Ltd.
Last Updated on 26 Apr, 2022

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more