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SCB honored as Best Bank for 2020 by four global institutions

SCB First Executive Vice President and Chief Financial Officer Mr. Manop Sangiambut

Siam Commercial Bank (SCB) has garnered Best Bank awards from four leading global institutions, reaffirming its management capabilities leading to outstanding performance and a stable financial position amid challenges arising from the Covid-19 pandemic and digital disruption.

SCB First Executive Vice President and Chief Financial Officer Mr. Manop Sangiambut noted that the banking industry is required to adapt itself in every aspect amid uncertainties arising from the pandemic affecting the global economy and creating digital disruption. SCB has long been prepared for transformation by constantly overhauling its business operations in conjunction with technological enhancements, with the Bank recently embracing data analytics to upgrade its services and accessing new customer groups.

The Bank also places a priority on developing its people to enable them to lead every aspect of growth. Those efforts have been demonstrated by its strong operating performance and financial status at the global level. SCB’s success has earned it Best Bank honors in 2020 from four leading institutions in international financial and capital market circles, comprising:

• The Best Bank in Thailand for 12 years from Euromoney (UK);
• The Best Domestic Bank for 10 years from Finance Asia (Hong Kong)
• The Best Domestic Bank for 6 years from Asiamoney (Hong Kong)
• The Best Bank in Thailand for 3 years from Alpha South East Asia (Hong Kong)

“These recognitions reflect the ability of SCB management to achieve continual and strong growth while being quickly responsive to uncertainties. With the use of data analytics, the Bank has been able to create satisfactory experiences for its customers using its on-line channels. The Bank is confident that it will be able to overcome the current economic slowdown together with our customers and every segment of society.”