trending Market Intelligence /marketintelligence/en/news-insights/trending/gLYaD5OwkergXT3X4zwDXg2 content esgSubNav
In This List

Siam Commercial Bank details 2020 financial targets

Blog

Managed Services Insights: The client lifecycle management solution

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition

Blog

Data Insights: Enhancing regulatory compliance and client lifecycle management.


Siam Commercial Bank details 2020 financial targets

Siam Commercial Bank PCL on Jan. 21 disclosed its financial targets for 2020, saying it expects loan growth of between 3% and 5% during the year.

The bank expects its net interest margin to be between 3.2% and 3.4% and noninterest income to grow between 7% and 10% in 2020. It expects its gross nonperforming loan ratio to come in at about 3.4% and cost-to-income ratio to be in high 40s.

The bank warned that the financial targets are based on preliminary estimates and may change due to economic conditions or other unforeseen circumstances.