Bangkok--21 May--Siam Commercial Bank
Siam Commercial Bank (SCB), represented by First Executive Vice President and Head of the Global Transaction Services Division Pipat Assamongkol, recently received Best Trade Finance Solution and Best Renminbi Bank awards from The Asset, a leading financial magazine in Asia. The Best Trade Finance Solution award is a recognition of SCB's Bank Payment Obligation (BPO) service, an innovative trade finance solution providing faster and more effective settlement transactions for both sellers and buyers. The Best Renminbi Bank award reflects SCB's potential to facilitate client transactions in RMB with trade partners in China, with the same convenience as other major currencies. The success shows the bank's capability to quickly respond to client needs with innovative financial solutions. The award presentation ceremony was held at the Grand Ballroom, Four Seasons Hotel Hong Kong.