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Company type | Public |
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SET: SCB | |
Founded | October 4, 1904; 120 years ago (1904-10-04) (unofficial) January 30, 1907; 118 years ago (1907-01-30) (official) |
Founder | |
Headquarters | , |
Key people | Kris Chantanotoke (Director & Chief Executive Officer) |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 27,000 |
Parent | SCB X Public Company Limited www.SCBX.com |
Subsidiaries | SCB Asset Management SCB Protect SCB Julius Baer SCB Plus |
Website | www |
Siam Commercial Bank (Thai:ธนาคารไทยพาณิชย์;RTGS: Thanakhan Thai Phanit), officially theSiam Commercial Bank Public Company Limited, is the first Thai bank. It was founded on 30 January 1907 by the appointment ofKing Chulalongkorn (Rama V).
SCB was founded as theBook Club on 4 October 1904 byPrince Jayanta Mongkol, a brother of KingChulalongkorn (Rama V), who was convinced that the time was ripe for Siam to have its own banking system to help foster the country's economic development, rather than rely on foreign banks operating branches in the country. The name "Book Club" was chosen in an effort to keep the projectsub rosa as it was something of an experiment. After the success of the Book Club, King Chulalongkorn granted royal approval for it to officially operate as a commercial bank under the name "Siam Commercial Bank" on 30 January 1907.
SCB opened itsheadquarters in Bangkok's Talat Noi District in 1910. In 1911, it was granted approval to display the royalGaruda symbol as aroyal warrant by KingVajiravudh (Rama VI).[2]
As of May 2024, Siam Commercial Bank has 643 domestic branches and over 10,000 ATMs around the country.