Siam Commercial Bank ( th, ธนาคารไทยพาณิชย์; ) is a Thai bank that was founded on 30 January 1907.

History

SCB was founded as the "Book Club" on 4 October 1904 by Prince Jayanta Mongkol, a brother of King Chulalongkorn (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 project sub 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 "The Siam Commercial Bank" on 30 January 1907. SCB opened its headquarters in Bangkok's Talat Noi District in 1910. In 1911, it was granted approval to display the royal

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symbol as a royal warrant by King Vajiravudh (Rama VI).

Milestones

*1939: SCB changed its name to "Siam Commercial Bank" in English, and "Thanakarn Thai Panich" in Thai. *1983: SCB introduced Thailand's first

automated teller machine An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, f ...

s. and established the Thai Bank Museum *1993: SCB registered as a public company and was henceforth known as "The Siam Commercial Bank Public Company Limited".

Management

*Mr Anand Panyarachun, Chairman of the Board *Dr Vichit Suraphongchai, Chairman of the Executive Committee *Mr Arthid Nanthawithaya, Chief Executive Officer

References

{{Authority control Thai Royal Warrant holders Banks established in 1904 Companies listed on the Stock Exchange of Thailand Companies based in Bangkok 1904 establishments in Siam Thai brands Vajiralongkorn