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|BEST BANK: Siam Commercial Bank
BEST EQUITY HOUSE: Not awarded
BEST DEBT HOUSE: Standard Chartered Bank
BEST M&A HOUSE: Goldman Sachs
SCB has also expanded aggressively into corporate and institutional banking services, including securities, asset management and bancassurance.
Impressively, this ambitious growth has been achieved without sacrificing profitability. Core bank profits grew 29% in fiscal 2005. Net interest margin was 3.6%, return on assets was 2.4% and return on equity an impressive 23%. Although SCB’s non-performing loans ratio appears high at 7.1%, it compares favourably with other local banks and has reduced markedly over the past year.