Showing 1 - 10 of 107
New SCB chief likely to move over from card division
Business, Somruedi Banchongduang, Published on 13/01/2026
» SCB X Group, a financial technology conglomerate and holding company of Siam Commercial Bank (SCB), looks set to appoint the head of Card X as SCB's next top executive as the group prepares for broad management changes.
MQDC lands B22bn loan for The Forestias
Business, Published on 26/08/2025
» Property developer Magnolia Quality Development Corporation Ltd (MQDC) has secured 22 billion baht in financing from Siam Commercial Bank (SCB) for The Forestias, a large-scale mixed-use project on Bang Na-Trat Road.
SCB Supports MQDC’s The Forestias with THB 22bn
Published on 25/08/2025
» Magnolia Quality Development Corporation Limited (MQDC) is advancing Thailand’s largest real estate development, “The Forestias”, with plans to complete the residential zone by 2026. In a major show of confidence, Siam Commercial Bank (SCB) has extended THB 22 billion in project financing, recognising MQDC’s potential to set world-class standards in real estate and lead innovation in sustainable living.
Bank profits up 3.97% in H1
Business, Somruedi Banchongduang, Published on 23/07/2025
» Thailand's banking industry reported a modest increase in net profit for the first half of 2025, weighed down by a decline in net interest margin, lower interest rates, and sluggish loan growth.
Banks post marginal profit growth in Q1
Business, Somruedi Banchongduang, Published on 22/04/2025
» The banking industry reported marginal growth in net profit for the first quarter of 2025, primarily due to lower net interest income (NII), aligning with a contraction in loans.
Virtual banks to be announced in June
Business, Somruedi Banchongduang, Published on 18/04/2025
» The Finance Ministry is scheduled to announce the list of approved virtual banks by June 19, with the Bank of Thailand confirming it will grant three banking licences in the initial stage.
SCB X in search of higher profits via wealthier customers
Business, Somruedi Banchongduang, Published on 14/04/2025
» SCB X, the financial technology conglomerate and holding company of Siam Commercial Bank (SCB), is entering its third year of operations in 2025.
SCB X to upgrade continuity plan
Business, Somruedi Banchongduang, Published on 10/04/2025
» SCB X, the financial technology conglomerate and holding company of Siam Commercial Bank (SCB), plans to strengthen its business continuity plan to address earthquake risks.
Unpacking the debt-to-GDP ratio
Business, Wichit Chantanusornsiri, Published on 29/03/2025
» The Pheu Thai Party-led government has pursued aggressive fiscal policies, building on the work of the previous administration led by Gen Prayut Chan-o-cha, which navigated the challenges of the Covid-19 pandemic. During Gen Prayut's tenure, two special emergency loan decrees were enacted, resulting in total borrowing of 1.5 trillion baht and prompting an increase in the public debt ceiling from 60% to 70% of GDP.
Economists back raising public debt to over 70% of GDP
Business, Somruedi Banchongduang, Published on 11/02/2025
» Economists are throwing support behind the idea of raising the public debt ceiling to more than 70% of GDP to drive economic growth.