Thailand’s SCB surpasses sustainable finance target

It has disbursed THb180b, already past the THB150b target.

Siam Commercial Bank (SCB) has surpassed its sustainable finance target in just 2.5 years.

Thailand’s oldest bank said that it has disbursed over $5.53b (THB180b) between 2023 to mid-2025, exceeding its original three-year target of about $4.6b (THB150b) by 2025, the bank announced in a July 2025

In an online statement, SCB CEO Kris Chantanotoke credited its success in surpassing its target in its action plans in key areas: defining sectoral decarbonization strategies; developing sustainability-aligned financial products; and acting as a sustainability partner, the latter which sees the bank collaborate with partners across industries for knowledge-sharing, consultation, and technical recommendations.

Amongst sustainability-aligned financial products it developed include loans and bonds, which adjust interest rates based on the borrower’s sustainability performance.

The bank also initially prioritized four key industries that it said is critical to Thailand’s net zero transition: commercial real estate, renewable energy, electric vehicles and ecosystems, and the petroleum and chemical sectors.

These four industries are said to have consistently ranked in SCB’s sustainable credit portfolio by share over the past two years.

(US$1 = THB 32.51; as of 7 July 2025, Google, from Morningstar)