Awards for Excellence 2008: Thailand
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
BANKING

Awards for Excellence 2008: Thailand

Best bank: Siam Commercial Bank

Best investment bank: Standard Chartered

Thailand’s political climate is somewhat more settled than when this award was given last year, but rising energy costs and inflation worries mean a tough economic environment. There are positive signs in the banking sector, though, and the winner of this year’s award for best bank, Siam Commercial Bank, has shown strong growth. The bank, the country’s third largest by assets, posted the highest growth rate among Thai banks in 2007, with net profits up 31%. Having raised lending rates in June this year in response to economic concerns, SCB might struggle to repeat a stellar first quarter in which it posted record profits of Bt6.79 billion ($204 million – up 68.7% quarter on quarter), but its performance over the past 12 months has been strong.

Gift this article