Siam Commercial Bank

Siam Commercial Bank (SCB), Thailand’s first bank, was established by Royal Charter in 1904 and currently provides financial services to customers through its branches, business relationship centers (BRC), and ATM network.

SCB was established as the “Book Club” on October 4, 1904 by His Royal Highness Prince Mahisara Rajaharudaya, a brother of King Rama V, who was convinced that it was vital for Siam to have its own banking system to serve the country’s economic development. After the expansion of the “Book Club”, King Chulalongkorn (King Rama V) granted royal approval for “The Siam Commercial Bank” to officially operate as a commercial bank on January 30, 1907.

History

*1910: SCB opens its headquarters in Bangkok’s Talad Noi district.
*1912: SCB opens its first branch in the Ratchawong pier area of Sampeng District.
*1920: SCB opens its first regional branch in Thung Song District, Nakhon Si Thammarat province.
*1927 - 1930: SCB establishes its first branches in the Northern Region in Chiang Mai and Lampang.
*January 27, 1939: SCB changes its name to “Siam Commercial Bank” in English, and “Thanakarn Thai Panich” in Thai.
*1971: SCB’s head office moves from Talad Noi district to Petchburi Road to support the growth of its operations.
*1983: SCB introduces Thailand’s first ATM service.
*February 19, 1993: SCB registers as a public company and is henceforth known as “Siam Commercial Bank Public Company Limited”.
*January 29, 1996: SCB moves its headquarters to SCB Park Plaza on Ratchadapisek Road in the Jatujak District of Bangkok and records assets of over 500 billion baht.
*January 30, 2007: The Bank celebrates its 100th anniversary.

The Bank's retail services include mortgage and personal credit, ATM cards, debit and credit cards, currency exchange facilities, overseas remittance, and investment and bank assurance products. Its business products include business cash management, international trade assistance, and treasury, debt, and capital market products.

As of June 30, 2008, SCB had the highest market capitalization among Thai Financial Institutions (Baht 264 billion). It has the largest branch (913), exchange booth (146), and ATM (5,552) network in the country, demonstrating its dominant position in the retail financial services marketplace.

Key management of the Bank

*Mr. Anand Panyarachun, Chairman of the Board
*Dr. Vichit Suraphongchai, Chairman of the Executive Committee
*Mrs. Kannikar Chalitaporn, President

External links

*http://www.scb.co.th