Thailand SCB rethinks operations for profits

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(The Bangkok Post)

Siam Commercial Bank (SCB) is prepared to further expand and digitise businesses in a bid to enhance profitability and return on equity (ROE).

Given a strong capital base, the bank will mainly concentrate on improving its businesses to strengthen growth potential and simultaneously lower the cost-to-income ratio, said Arthid Nanthawithaya, SCB’s chief executive.

For instance, the bank plans to scale up Robinhood to extend beyond food delivery, potentially developing it into an e-commerce platform.

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