Siam Commercial Bank joins ORX

  • 20 April 2018

The Operational Riskdata eXchange Association (ORX), the world’s leading operational risk association, is pleased to announce that Siam Commercial Bank (SCB) has joined us.

SCB is the 97th ORX member and the first in Thailand.

The Siam Commercial Bank PCL was Thailand's first indigenous bank, established in 1906 under Royal Charter. The Bank has 24,809 employees and according to unconsolidated financial information filed with the Bank of Thailand, they were Thailand's second largest commercial bank in terms of total assets, as at 31 December 2017.

As of 31 December 2017, the bank had on a consolidated basis: Baht 3,024 billion in total assets, Baht 2,092.5 billion in deposits and Baht 2,034.7 billion in loans. They have been listed on the SET since 1976.

SCB shares listed on the Stock Exchange of Thailand include common shares (SCB, SCB-F) and preferred shares (SCB-P,SCB-Q). The total market capitalization as of 18 April 2018 was Baht 468,569.06 million (US$ 15 billion).

The bank provides a full range of financial services, including corporate and personal lending, retail and wholesale banking, foreign currency operations, international trade financing, cash management, custodial services, credit and charge card services, and investment banking services through its head office and its extensive branch network.