Awards: Siam Commercial Bank powers ahead

This year in a tight battle between two Thai banking heavyweights, Siam Commercial Bank pipped Kasikornbank to several awards on its radical reforms.

BEST BANK, BEST INVESTMENT BANK, BEST PRIVATE BANK SIAM COMMERCIAL BANK

The Best Bank award bounces back and forth between Siam Commercial Bank SCB and Kasikorbank KBank. This year we decided it was SCB’s to mark for a number of reasons.

Firstly and perhaps most importantly, SCB is Thailand’s most profitable bank, recording net income of Bt43.2 billion $1.27 billion in 2017. It also records a number of best-in-class efficiency ratios including ROAA, which stood at 1.46% in 2017.

Secondly, SCB has thrown a grenade into the safe and conservative world of Thai banking. This January it announced a...

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