Mr. Kris Chantanotoke, Chief Executive Officer of the Siam Commercial Bank Public Company Limited (SCB), made a comment regarding the economic situation in Thailand and trend of commercial banks amid fast-pace digital transformation.
The CEO stated that the company can maintain and cap its non-performing loans (NPL) at about 3.31% despite facing the volatility in the Thai economy. Additionally, the company also plans to downsize its organization, closing the number of its current branches from 651 to about 500 branches.
The CEO also stated that ever since he was appointed to this position on August 1, 2022, his primary goals for SCB are to build highest confidence among the customer while turning the company to a leading wealth…