, Thailand

Siam Commercial Bank sees better first quarter profit

The lender bank sought to finalize deal for a possible merger in the petrochemical sector worth $2bn.

Thailand's Siam Commercial Bank said on Tuesday it expected its first quarter net profit would be higher both on the year and on the quarter due to rising loan growth and higher fee-based income.

The bank expected to conclude financial advisory deal for a possible merger in the petrochemical sector worth up to 60 billion baht ($2 billion) soon, Senior Executive Vice President Arthid Nanthawithaya told Reuters in its report last Tuesday.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!