The ratings on Siam Commercial Bank PLC (SCB) acknowledge the efforts made by the bank in improving its financial profile, particularly in addressing problem loans and improving underlying profitability. Also underpinning the ratings also is SCB's good business franchise in the core domestic market, which supports its stable funding and liquidity profile. With a more proactive management, SCB is one of the few Thai banks that have established general provisioning reserves and restored loan-loss coverage to a level above the domestic industry average. The bank's net interest income ratio remains above the domestic industry average, thanks mainly to its funding structure and higher mixes of retail and consumer loans. The ratings on SCB remain constrained by the substantial residual problem...
Companies mentioned in this report are:
- Siam Commercial Bank Public Co. Ltd.
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