Siam Commercial Bank

Siam Commercial Bank (SCB) holds the distinction of being the first commercial bank in Thailand. It was officially established on January 30, 1907, by Royal Charter from King Chulalongkorn (Rama V). The bank's foundation was a pivotal moment in the nation's history, aimed at developing a stable domestic financial system that could support economic growth and ensure that Thailand's banking sector could operate independently of foreign dominance. The origins of the institution trace back to an experimental project known as "Book Club," which was initiated on October 4, 1904, by Prince Jayanta Mongkol. The project was designed to prove that the Thai people possessed the capability to manage and operate a commercial banking business effectively according to international standards. Following the success of this experiment, the bank was formally incorporated and has since evolved into a cornerstone of the Thai economy. Throughout its long history, the bank has grown into one of the "Big 4" largest commercial banks in the country. It maintains an extensive network of over 600 branches and thousands of automated service points, providing a wide array of financial services to retail, corporate, and investment clients. The bank is headquartered at the SCB Park Plaza in Bangkok and has consistently been a leader in financial innovation within the region. In recent years, the institution has undergone a major strategic transformation to adapt to the digital era. On April 27, 2022, the bank restructured under a new parent company, SCB X Public Company Limited, to expand its presence in the financial technology (FinTech) sector. This shift allows the group to move beyond traditional banking constraints and explore new ventures in digital assets and innovative financial solutions, ensuring its continued relevance in the global market. ==Milestones==

• 1904: The Pioneering Vision – The journey began with "Book Club," an experimental project created to prove that Thai nationals could independently and successfully manage a modern commercial bank. • 1907: Royal Establishment – On January 30, the bank was formally chartered by King Chulalongkorn (Rama V) as "The Siam Commercial Bank, Limited," marking the birth of the first Thai bank. • 1939: Adopting a National Name – Reflecting the country's official name change, the institution was renamed "The Thai Commercial Bank, Limited". • 1946: Restoring the Heritage Name – The bank restored its original English name to "The Siam Commercial Bank, Limited" to honor its historical roots and royal legacy. • 1983: A Technological Breakthrough – SCB led the nation into a new era of personal finance by introducing Thailand’s very first Automated Teller Machine (ATM) service. • 1993: Public Transformation – The bank officially registered as a public company on February 19, adopting its current title: "Siam Commercial Bank Public Company Limited". • 1996: Iconic New Headquarters – The bank inaugurated its current landmark headquarters, SCB Park Plaza, in the Ratchayothin area, symbolizing its modern and stable presence. • 2007: The Centenary Celebration – SCB celebrated its 100th Anniversary on January 30, with a grand ceremony presided over by HRH Princess Maha Chakri Sirindhorn. • 2017: Digital Disruption – The bank launched the new SCB EASY mobile application, introducing the first Cardless ATM withdrawal service in Thailand to enhance digital convenience. • 2018: The Fee-Free Revolution – In a bold move to lead the digital economy, SCB became the first major bank to waive transaction fees for transfers, top-ups, and bill payments via its mobile app. • 2022: Evolution into SCB X – The group completed a major strategic restructuring, transitioning into a financial technology (FinTech) group under the parent company SCB X to drive innovation in the digital asset era. == Subsidiaries ==

• SCB X Public Company Limited - A parent company of group • SCB Asset Management (SCBAM) - Securities business in relation to fund management • InnovestX Securities (INVX) - Securities businesses • SCB Protect - Non-life and life insurance brokerage businesses • SCB 10X - Investment and development of financial businesses including related businesses which involve the application of technologies, as well as investment in research and development of financial innovations • SCB TechX - Providing specialized technology services • CardX - To operate Credit Card, Personal Loan for non-banks, Nano Finance for non-banks, Debt collection and life and non-life insurance • PointX - Develop and manage customer loyalty programs for companies within the group and partner companies, as authorized by the Bank of Thailand ==Management==

• Vichit Suraphongchai, Director and Chairman of the Corporate Social Responsibility Committee • Satitpong Sukvimol, Director and Member of the Corporate Social Responsibility Committee ==References==