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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 2020 THBUSD
Revenue180,269.63M5,760.30M
Gross Profit----
Operating income33,866.16M1,082.15M
Income before tax33,866.16M1,082.15M
Net income27,217.60M869.70M
EBITDA----
Diluted EPS8.000.25
Dividends Per Share2.300.07
Total Assets3,278.38B109,425.35M
Total liabilities2,866.55B95,679.38M
Total equity411,429.90M13,732.64M
Operating cash flow41,548.97M1,327.64M
Currency in THBCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 219,761M 221,897.75M 229,451.00M 222,446.96M 180,269.63M
Gross Profit -- -- -- -- --
Operating income 58,997M 53,480.23M 49,562.12M 35,294.48M 33,866.16M
Income before tax 59,173M 53,504.71M 49,515.94M 59,318.32M 33,866.16M
Net income 47,612M 43,151.90M 40,067.55M 40,436.35M 27,217.60M
EBITDA -- -- -- -- --
Diluted EPS 14.01 12.70 11.78 11.89 8.00
Dividends Per Share 5.50 5.50 5.50 5.50 2.30
Total Assets 2,913.02B 3,024.03B 3,187.33B 2,963.74B 3,278.38B
Total liabilities 2,578.72B 2,660.26B 2,806.35B 2,562.89B 2,866.55B
Total equity 334,089M 363,463.57M 380,026.59M 400,357.83M 411,429.90M
Operating cash flow 100,754M 88,212.88M 91,543.22M 144,895.55M 41,548.97M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 6,228.95M 6,539.18M 7,097.75M 7,165.35M 5,760.30M
Gross Profit -- -- -- -- --
Operating income 1,672.22M 1,576.02M 1,533.13M 1,136.88M 1,082.15M
Income before tax 1,677.21M 1,576.75M 1,531.70M 1,910.73M 1,082.15M
Net income 1,349.52M 1,271.65M 1,239.43M 1,302.51M 869.70M
EBITDA -- -- -- -- --
Diluted EPS 0.39 0.37 0.36 0.38 0.25
Dividends Per Share 0.15 0.16 0.17 0.17 0.07
Total Assets 81,345.49M 92,790.18M 97,891.26M 98,944.07M 109,425.35M
Total liabilities 72,010.27M 81,628.38M 86,190.31M 85,561.89M 95,679.38M
Total equity 9,329.35M 11,152.61M 11,671.57M 13,365.86M 13,732.64M
Operating cash flow 2,855.79M 2,599.57M 2,831.76M 4,667.30M 1,327.64M

Valuation Measures

Dec 2020
PER10.92
ROA0.87%
ROE6.70%
Operating margin18.78%
Profit margin15.09%

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 (3.2%)
  • GIC Pte Ltd. (Investment Management) (1.2%)
  • Harding Loevner LP (0.9%)
  • Norges Bank Investment Management (0.8%)
  • McKinley Capital Management LLC (0.5%)
  • Government Savings Bank of Thailand (Investment Portfolio) (0.5%)
  • TMB Asset Management Co., Ltd. (0.5%)

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

  • SCB 10X Co. Ltd.
  • 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.
  • 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.
  • Mitsubishi UFJ Financial Group, Inc.
Last Updated on 27 Jul, 2021

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