Siam Commercial sees flat growth in bad loans

The lender attributes improved economy to help debtors repay.

Despite its aggressive loan expansion, Siam Commercial Bank expects flat growth of its non-performing loan rate through a new management structure and the country's positive economic outlook.

The improved economy improves the ability of customers to repay debt, said the bank's chairman of the executive committee Vichit Surapongchai.

"Generally, bad debts increase in line with loan growth, but the bank hopes to lower its NPL ratio as the economy grows," said Dr Vichit.

SCB's gross NPLs are worth 41.02 billion baht ($1.37 billion) or 4.13% of total outstanding loans.

It is the country's fourth-largest bank in terms of asset size and recently restructured its core businesses from a wide swath to four key segments: wholesale banking, small and medium-sized enterprises, retail banking and a special assets group. The restructuring is expected to be complete early next year.

View the full story in Bangkok Times.

Follow the link for more news on

Also Read

Cambodia enables QR payments from foreign e-wallets through Alipay+

Hong Kong to rename ‘virtual banks’ to ‘digital banks’

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit