Bangkok--Dec 17--Siam Commercial Bank
Siam Commercial Bank was named by The Asset and Asia Money, two leading Asian financial magazines, the Best Domestic Bank in Thailand for the fifth straight year as well as the Best Corporate Governance 2004 respectively. The awards mark the achievement of SCB in 2004.
SCB President Khunying Jada Wattanasiritham said the awards in 2004 were recognition of SCB’s continuing success implementation according to “Universal Bank” policy which focusing on responding to customer needs in all market segments. The two awards from foreign media reflect the bank’s international reputation for business efficiency and transparency. SCB aims to enhance organizational quality management in system, human resource and services.
Regarding “The Best Domestic Bank in Thailand 2004”, a part of The Asset Triple A Country Awards 2004, it is the fifth consecutive year award from The Asset magazine. The magazine’s decision was based on its assessment of SCB’s policy, business strategy and operation results. In past year, SCB stood out among the big Thai banks, highlighted by the continuing profitability and impressive loan growth with sustained margin and strong fee income. SCB had the highest ROE among the peers at 30% in the first half of 2004. SCB’s new business model and focused strategy had boosted assets and customer base in all segments. The bank has handled with NPL problem effectively.
For “The Best Corporate Governance 2004” form Asia Money magazine represents the management transparency. This is the 3rd awards from Asia Money after “The Best Domestic Commercial Bank in Thailand 2004” and “Best Domestic Bond House in Thailand 2004”.
Since the beginning of this year, SCB has won many accolades from leading local and foreign organization. In additional to 3 bond awards form Thai Bond Dealing Center — “Best Bond House”, “Top Underwriter” and “Deal of the Year”, the bank received “The Best Emerging Market Bank in Thailand” from Global Finance magazine and “House of the Year Thailand 2004” from Asia Risk. SCB’s latest achievement is a reflection of its dynamism and sustainable growth, and recognition as the Bank of Choice for customers, shareholder and the general public. End.