trending Market Intelligence /marketintelligence/en/news-insights/trending/o2-JlZ7RASX_IBGHNaTWOA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Siam Commercial Bank's Q2 net profit slides 3.0% YOY

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Siam Commercial Bank's Q2 net profit slides 3.0% YOY

SiamCommercial Bank PCL reported a 3.0% year-over-year decline in netprofit for the second quarter.

The bank said unaudited net profit attributable toshareholders of the bank dropped to 12.82 billion baht, or 3.77 baht per share,from 13.22 billion baht, or 3.89 baht per share, in the prior-year period.

The decline was primarily attributed to a special increasein loan loss provisions as the bank had special profits following a reversal ofpolicy reserves at SCB LifeAssurance PCL.

Net interest income for the second quarter rose to 21.76billion baht from 20.81 billion baht for the prior-year period. Total operatingincome went up slightly to 46.18 billion baht from 46.02 billion baht over thesame period.

At the end of the quarter, the bank's net interest marginwas 3.24%, up from 3.19% a year earlier.

Meanwhile, the nonperforming loan ratio grew to 2.77% from2.64% in the first quarter and 2.22% a year earlier.

The bank set aside loan loss provisions of 8.51 billionbaht, or 1.84% of total loans, a 65.9% increase from the 2015 second quarter.This increase was to raise the coverage ratio to 130% at the end of the secondquarter, from 109.8% at the end of 2015 and 122.8% at the end of the previousquarter.

As of July 20, US$1was equivalent to 35.05 Thai baht.