SCB Group
Siam Commercial Bank (established 1907), operating under SCB X PCL, is Thailand's first indigenous bank and its largest lender by market value, serving retail, SME, corporate, and wealth management customers across Thailand and seven international markets.
- Company typePublic
- Founded1907
- HeadquartersBangkok, Thailand
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
What SCB Group does
Siam Commercial Bank PCL (SCB), established by royal charter on 30 January 1907 as Thailand's first indigenous bank and operating today under the SCB X PCL holding company, is a universal banking group headquartered in Bangkok with 10,000+ employees and international offices across China (Beijing, Shanghai, Hong Kong), Singapore, Cambodia (Cambodian Commercial Bank), Laos, Vietnam, and Myanmar (Siam Commercial Bank Myanmar Limited). It serves personal banking, SME, corporate, and wealth management customers through dedicated relationship managers and digital self-service channels, generating revenue predominantly from net interest income on retail, SME and corporate lending (home, auto, personal, business loans), supplemented by transaction fees on accounts, cards, payments, and investment distribution, investment banking advisory fees from M&A and capital markets, and emerging streams from digital platforms.
Its core product surface spans deposits (savings, current, fixed, FX, EZ Savings, payroll), lending (home, auto, personal, SME), cards (CardX credit cards, prepaid, debit, gift), insurance distribution, mutual funds and debentures (EASY-D), payments (SCB PromptPay QR, cross-border Thailand-China QR with Alipay/WeChat Pay/UnionPay, SWIFT remittance, FX), and the SCBX ecosystem of subsidiaries (InnovestX securities, INSUREX insurance brokerage, MONIX digital lending, AUTOX auto finance, SCB Asset Management, SCB-Julius Baer wealth JV, SCB 10X venture investing, SCB Data X analytics, Abacus Digital AI, SCB Tech X technology). Underlying technology is anchored by the SCB Easy App (mobile + web), SCB Connect on LINE, and corporate platforms SCB Business Anywhere, SCB Business Net, SCB Trade Net, SCB FX Online, SCB Digital LG, and SCB E-Tax Invoice; API gateway technology connects partners and a stablecoin remittance trial with Shinhan Bank indicates experiments with blockchain-based FX and cross-border settlement.
Commercially, SCB distributes through a nationwide branch and ATM network plus digital self-service, uses social media (Facebook, LINE, TikTok, YouTube, Twitter, Instagram) and content marketing (Stories & Tips, in-app EASY Store promotions) for acquisition, and supports enterprise clients via dedicated relationship coverage on SCB Business Anywhere. Q1 2026 net income was THB 10.2 billion (~$318 million), down 18% year-over-year amid Middle East-conflict-related energy-cost pressure, while management reports ongoing loan growth and stable asset quality and positions the group around an 'AI-FIRST BANK' strategy.
SCB Group firmographics
Firmographics- Name
- SCB Group
- Legal name
- The Siam Commercial Bank Public Company Limited
- Website
- https://scb.co.th
- Company type
- Public
- Founded year
- 1907
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Siam Commercial Bank (established 1907), operating under SCB X PCL, is Thailand's first indigenous bank and its largest lender by market value, serving retail, SME, corporate, and wealth management customers across Thailand and seven international markets.
- Ownership category
- akta.pro rank
SCB Group industry classification
Industry- Product category
- Universal Banking
- NAICS
- Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218), Open-End Investment Funds (525910), Other Activities Related to Credit Intermediation (522390)
- SIC
- National Commercial Banks (6021), Commercial Banks, Nec (6029), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Bank-Affiliated Retail Wealth Management (FSAAAAAB)
- akta.pro secondary industries
- BaaS Platforms & Sponsor Bank Enablement (FSAGALAA), Trade Finance & Supply Chain Finance Platforms (FSAGAJAL)
Keywords
Where SCB Group is headquartered
LocationHeadquarters
- HQ city
- Bangkok
- HQ country
- Thailand
- HQ region
- Asia
Offices9 records
Markets served
SCB Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Net Interest Income: Interest income from loans and advances including home loans, auto loans, personal loans, and business lending across retail, SME, and corporate segments
- Fee and Commission Income: Transaction fees, account management fees, credit card fees, investment product distribution fees, and insurance brokerage commissions
- Digital Banking Services: Revenue from digital platform services including SCB Easy App premium features, investment platform fees, and digital lending
- Investment Banking: Advisory fees from M&A, capital markets activities, and debt/equity underwriting services
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Deposit products with varying interest rates |
| Subscription | Monthly | Retail lending products |
| Transaction based/ take rate | Monthly | Credit cards and prepaid cards |
| Transaction based/ take rate | Pay-as-you-go | Investment products |
| Subscription | Monthly | EZ Savings Account |
Go-to-market motion2 records
Distribution channels8 records
Marketing channels5 records
SCB Group product offering
Product offeringCore offering
SCB Group is a universal banking group that delivers retail, SME, corporate, and wealth banking products and services, including deposits, loans, credit cards, mutual funds, insurance/bancassurance, treasury, and investment services. The group distributes these offerings through physical branches and proprietary digital platforms such as the SCB EASY mobile application, the SCB Connect corporate banking platform, and PromptPay, supported by fintech subsidiaries (CardX, INSUREX, InnovestX, MONIX, AUTOX, SCB Data X, SCB Tech X, Abacus Digital, SCB 10X) and the SCB-Julius Baer wealth joint venture.
Product overview
SCB Group operates as a universal banking group offering a broad financial services portfolio through both traditional and digital-first channels. The core banking operations include personal banking (deposits, loans, cards, insurance, investments, payments, and digital banking), corporate banking (credit facilities, investment banking, capital markets, cash management, financial markets, corporate trust, trade finance, and digital banking platforms), and wealth management (Private Banking, SCB FIRST, SCB PRIME). SCB's digital banking suite is anchored by the SCB EASY App, SCB Connect (LINE-based), and SCB PromptPay, alongside corporate platforms SCB Business Anywhere, SCB Business Net, SCB Trade Net, SCB FX Online, and SCB Digital LG. The SCBX Group holds multiple subsidiaries spanning digital securities (InnovestX), insurance brokerage (INSUREX, formerly SCB Protect), credit card management (CardX), digital lending (MONIX, AUTOX), data analytics (SCB Data X), AI (Abacus Digital), technology investment (SCB 10X, SCB Tech X), and wealth management (SCB-Julius Baer, SCB Asset Management). SCB has positioned itself as an 'AI-FIRST BANK' and uses API gateway technology to connect with business partners across its ecosystem.
Differentiator
Problem solved
Functional benefit
Brands
- SCB EASY App: Mobile banking application for personal digital banking services including fund transfers, bill payments, and cardless ATM withdrawals.
- SCB Connect
- SCB PromptPay
- SCB Planet Plus App
- InsureX
- CardX
- InnovestX
Products and services
- SCB EASY Mobile Banking Proprietary mobile banking application offering deposits, payments, fund transfers, PromptPay, and digital banking services to retail and consumer banking customers across Thailand.
- SCB Connect Corporate Banking Corporate digital banking platform providing cash management, payments, collections, payroll, and transaction services to SME and large corporate customers.
- CardX Credit Cards Credit card products and services for individual consumers, provided through the group's CardX subsidiary.
- AUTOX Auto Financing Auto loans and vehicle financing services for individual consumers purchasing vehicles in Thailand.
- InnovestX Investment Services Securities brokerage and investment services for retail and institutional customers seeking equities and investment products.
- SCB Asset Management Mutual fund and asset management products and services distributed to retail, affluent, and high-net-worth customers in Thailand.
- INSUREX Bancassurance Bancassurance and insurance products distributed to retail and corporate banking customers across Thailand.
- SCB-Julius Baer Wealth Management Private banking and wealth advisory services for high-net-worth clients in Thailand, offered through the SCB-Julius Baer joint venture.
- SCB 10X Digital Asset and Venture Investment Digital asset and venture investment activities operated through the SCB 10X subsidiary, supporting innovation investments in fintech and digital assets.
- SME Lending and Working Capital Finance SME lending, working capital facilities, trade finance, and FX services for small and medium-sized enterprise customers in Thailand.
- Corporate and Treasury Banking Corporate lending, syndicated loans, treasury, capital markets, FX, and trade finance services for large corporate and institutional clients, including regional cross-border needs across China, Singapore, Cambodia, Laos, Vietnam, and Myanmar.
Quantifiable outcome
- Thailand's largest lender by market value
- +1 more outcomes
Companies that use SCB Group
Customer profileSegments4 records
Ideal customer profiles4 records
SCB Group technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability4 records
Feature5 records
SCB Group partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- SCB Environmental MarketscoreSCB Environmental Markets partnered with Econetix for its inaugural CORSIA supply deal, directing Verified Carbon Credits from Gold Standard-registered project in Democratic Republic of Congo toward aviation sector compliance. The agreement channels climate finance to African countries supporting reforestation, clean cookstove distribution, and renewable energy systems.
- AlipaycoreBank of Thailand officially launched cross-border QR payment system connecting Thai banks including SCB with Chinese mobile payment apps including Alipay. The system supports bilateral trade, investment, and tourism between Thailand and China with regional expansion plans extending similar collaborations across Asia.
- UnionPaycoreCross-border QR payment linkage with UnionPay enables Thai bank customers to make payments using UnionPay mobile apps, supporting tourism and trade between Thailand and China with planned regional expansion.
- WeChat PaycoreCross-border QR payment integration with WeChat Pay allows SCB customers to pay using WeChat Pay, facilitating Chinese tourist payments and cross-border commerce. The system is part of Thailand's push for digital payments with regional expansion planned.
- Shinhan BankminorSCB participated in stablecoin remittance trials with Shinhan Bank as part of blockchain-based FX and remittance pilots demonstrating feasibility of real-time settlement and reduced intermediary reliance. This is part of broader institutional adoption of blockchain solutions in foreign exchange.
- SCB-Julius Baer SecuritiescoreJoint venture wealth management partnership offering private banking services to high-net-worth clients in Thailand. SCB Julius Baer provides international wealth management capabilities combined with SCB's local market presence.
- FWD InsuranceminorInsurance partnership providing FWD Utmost (for unit-linked insurance customers) and FWD MyWell (for life insurance customers) through SCB branches and digital channels, offering special services for SCB insurance customers.
- MitsubishiminorThai-led consortium including Mitsubishi and built by China's PowerChina launched a 600 MW wind farm in southern Laos connected to Vietnam via 25-year deal. SCB Group involvement as Thai financial institution in regional energy infrastructure financing.
Scale indicators6 records
Recent moves7 records
Expansion highlights7 records
SCB Group competitors and assessment
Company assessmentDirect peers
- TMBThanachart Bank (TTB): Thai universal bank formed via TMB Bank and Thanachart Bank merger, competing directly with SCB in retail and SME segments. Direct comparable in scale and Thai-market focus.
- Krung Thai Bank (KTB): State-owned Thai commercial bank competing with SCB in retail, SME, and government banking. Comparable universal bank product set and Thai-market scale; significant public-sector lending overlap.
- Kasikornbank (KBank): One of Thailand's largest universal banks competing head-to-head with SCB across personal, SME, and corporate banking, with comparable digital transformation investments (K PLUS app) and regional expansion.
- Bank of Ayudhya (Krungsri): Major Thai universal bank and MUFG subsidiary competing with SCB in retail, SME, and consumer finance. Highly comparable in product breadth and digital-led retail strategy (Krungsri Auto, Krungsri First Choice).
- Bangkok Bank: Thailand's largest bank by total assets and a direct competitor in retail, SME, and corporate banking with deep international network. Closest direct peer to SCB given overlapping universal banking franchise and Thai market dominance.
Broad incumbents
- HSBC: Global universal bank with significant ASEAN footprint competing with SCB in cross-border corporate banking, wealth management, and trade finance. Relevant comparable for international banking segment.
- United Overseas Bank (UOB): Singapore-based universal bank with significant ASEAN presence including Thailand (UOB Thailand). Comparable regional banking franchise and wealth management positioning; relevant for cross-border ASEAN competition.
- OCBC Bank: Singapore-headquartered universal bank with strong Greater China and ASEAN network, competing with SCB in regional corporate banking and wealth management. Similar cross-border ASEAN strategy.
- Standard Chartered: International universal bank with strong Asia franchise competing with SCB in cross-border corporate, wealth, and trade finance across ASEAN markets. Comparable for regional wholesale banking overlap.
- DBS Bank: Singapore-headquartered universal bank with strong ASEAN footprint, competing with SCB in regional corporate, wealth, and digital banking. Best-in-class digital banking (DBS digibank) benchmark for SCB's transformation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
SCB Group social profiles
Digital presenceSCB Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
SCB Group leadership team
Management profileNumber of profiles
Profiles1 record
SCB Group subsidiaries and ownership
Company hierarchySubsidiaries13 records
SCB Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SCB Group M&A and investment
M&A and investmentM&A
Investments10 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SCB Group
What does SCB Group do?
SCB Group is a universal banking group that delivers retail, SME, corporate, and wealth banking products and services, including deposits, loans, credit cards, mutual funds, insurance/bancassurance, treasury, and investment services. The group distributes these offerings through physical branches and proprietary digital platforms such as the SCB EASY mobile application, the SCB Connect corporate banking platform, and PromptPay, supported by fintech subsidiaries (CardX, INSUREX, InnovestX, MONIX, AUTOX, SCB Data X, SCB Tech X, Abacus Digital, SCB 10X) and the SCB-Julius Baer wealth joint venture.
Is SCB Group a public or private company?
SCB Group is a public company. It is classified as public and is currently operating.
When was SCB Group founded?
SCB Group was founded in 1907. It employs 5,001 to 10,000 people.
Where is SCB Group based?
SCB Group is headquartered in Bangkok, Thailand, in the Asia region.
How does SCB Group make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are fee and Commission Income, digital Banking Services and investment Banking.
Who are SCB Group's main competitors?
Direct peers on record are TMBThanachart Bank (TTB), Krung Thai Bank (KTB), Kasikornbank (KBank), Bank of Ayudhya (Krungsri) and Bangkok Bank. Broad incumbents are HSBC, United Overseas Bank (UOB), OCBC Bank, Standard Chartered and DBS Bank.
Does SCB Group have an API?
Yes. SCB uses API gateway technology to connect with business partners serving consumers. The bank has developed its API gateway for partner integrations; however, no public developer portal, SDK, or explicit API documentation URL was found in the available source material.
What industry is SCB Group in?
SCB Group's product category is Universal Banking. Its primary akta.pro industry code is FSAAAAAB, Bank-Affiliated Retail Wealth Management, with a secondary code of FSAGALAA, BaaS Platforms & Sponsor Bank Enablement. Its NAICS code is 5221 and its SIC code is 6021.