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SCB leads sustainable growth for corporate clients, guaranteed by 29 prestigious awards from leading international institutions
Siam Commercial Bank (SCB) is successful, as SCB Wholesale Banking has won 29 prestigious awards from 7 leading international institutions. The bank continues to strengthen the business with commitment on quality lending growth, and a diverse range of seamless digital solutions and sustainable financial solutions to cater to corporate clients’ needs. According to a recent survey, SCB is recognized among corporate clients as the first choice for their main bank for business operations.
Senior Executive Vice President, Chief Wholesale Banking Officer and Chief Wealth Banking Officer Mr. Yunyong Thaicharoen shared that the overall Thai economy is gradually recovering amid geopolitical challenges, while financial costs are rising due to interest hikes worldwide. However, SCB has seen a satisfying opportunity in wholesale banking, generating revenue growth and playing an important role in driving a low carbon society through concrete sustainable finance solutions including loans and bonds.
“The success in 2023 is a result of our commitment on delivering services to clients as a trusted partner. We have supported clients to adapt and grow sustainably amid economic volatility and challenging factors. We offer financial solutions and loans that cover every need of corporate clients. Meanwhile, we accelerate our digital technology capability to enhance service efficiency, internal processes, and people development to keep up with working trends in the digital world. Furthermore, we promote knowledge and understanding of environmental, social, and corporate governance (ESG) policy among our people and clients to get ready for a journey toward a net zero society together.”
With a goal of becoming a leader in sustainable finance, SCB has focused on ESG knowledge for people development and for clients via Mission X workshops and seminars. New financial solutions and innovations have been developed to better suit clients’ business approaches. In parallel, SCB and business partners have worked on mutual green solutions. In 2023, SCB has approved sustainable finance in various forms of loans worth over 50 billion baht for corporate clients.
SCB has maintained its corporate banking leadership with strategies to adjust the loan portfolio to have an appropriate balance of returns and risks and to accelerate the expansion of client base in the segments of mid-sized corporate, trade finance and supply chain, and businesses related to CLMV and Chinese markets. SCB has been successful in providing assistance and advice to clients affected by the COVID-19 pandemic, so that they can resume usual business operations. Technology has been embraced in developing financial solutions such as digital LG and FX Online services for business and corporate clients’ greater convenience, as well as developing automation to streamline work processes for quick and accurate client services.
In 2023, SCB has received a great response from corporate clients, as the top commercial bank trusted by corporate clients as their main bank for business operations, according to a market positioning study on clients’ choices of banking products and services in Thailand by The BRS Co., Ltd., a marketing research house.
Thanks to the successful strategies, SCB Wholesale Banking has won 29 awards from international institutions. The awards cover main SCB Wholesale Banking services, including the Best FX House, the Best Investment Bank, the Best Loan Adviser, the Best Sustainability Loan, and more. The success reflects international recognition of SCB’s comprehensive and effective financial solutions on offer for corporate clients.
Further information
SCB Wholesale Banking has won 29 awards from international institutions as follows:
Alpha Southeast Asia
Asian Banking & Finance
FX Asia Awards
Global Business Review
The Asset
London Stock Exchange Group for FM
ThaiBMA