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  • SCB Woes

    Oldest Thai Bank Out of Favor Among Analysts as Bad Loans Rise

    By Anuchit Nguyen and Lee J Miller
    January 23, 2020, 4:00 AM GMT+7

    • Siam Commercial rating tumbles to second-lowest in Asean index
    • A third of analysts cut ratings after latest earnings report



    The Siam Commercial Bank head office in Bangkok on July 11, 2019. Photographer: Luke Duggleby/Bloomberg

    Siam Commercial Bank Pcl
    shareholderAsia Plus Securities Co.
    Soaring Defaults
    decline since 2008 on Jan. 20, the first trading day after the fourth-quarter earnings report showed a jump in bad-loan provisions. Asia Plus, Credit Suisse Group AG and JPMorgan Chase & Co. were among the brokerages that cut ratingsBangkok Bank Pcl to make acquisitions, she said.

    Bangkok Bank last month announced that it would acquire a controlling stake
    Majestically enthroned amid the vulgar herd

  • #2
    Don't know where they get this SCB is the oldest bank here in LOS...

    HSBC was the first to open it's doors:

    To wit - "HSBC in Thailand. HSBC initially opened for business in Thailand in 1888 and has been serving Thai people for 13 decades. It was the first commercial bank in Thailand. HSBC has made significant contributions to the establishment of solid foundations for Thailand's financial and banking sectors."

    https://www.about.hsbc.co.th/hsbc-in-thailand
    God, the panic within the Dems, MSM, and left must be horrifying...realizing that Joe is really the best they've got.

    Comment


    • #3
      ...^please review thread title and repent at leisure...
      Majestically enthroned amid the vulgar herd

      Comment


      • #4
        Originally posted by harrymsmarkle View Post
        ...^please review thread title and repent at leisure...
        The Siam Commercial Bank head office in Bangkok on July 11, 2019. Photographer: Luke Duggleby/Bloomberg

        Yep, again they are not the oldest bank here now are they?
        English comprehension not your forte?
        God, the panic within the Dems, MSM, and left must be horrifying...realizing that Joe is really the best they've got.

        Comment


        • #5
          Originally posted by Boon Mee View Post
          The Siam Commercial Bank head office in Bangkok on July 11, 2019. Photographer: Luke Duggleby/Bloomberg

          Yep, again they are not the oldest bank here now are they?
          English comprehension not your forte?
          *sigh*...a quick review of the thread title for the handicapped: ...oldest Thai bank...
          Majestically enthroned amid the vulgar herd

          Comment


          • #6
            ^
            Misleading title - only the most pedantic and anal-retentive would give a shit...
            God, the panic within the Dems, MSM, and left must be horrifying...realizing that Joe is really the best they've got.

            Comment


            • #7
              Originally posted by Boon Mee View Post
              ^
              Misleading title - only the most pedantic and anal-retentive would give a shit...
              ...I understand your embarrassment...
              Majestically enthroned amid the vulgar herd

              Comment


              • #8
                A very very special and influential financial institution.

                And not criminal.

                Comment

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