Investments
4Portfolio Exits
2Funds
1Partners & Customers
10About Siam Commercial Bank
Siam Commercial Bank is a lending bank that offers financial services, including corporate and personal lending, retail and wholesale banking, foreign currency operations, international trade financing, cash management, custodial services, credit and charge card services, and investment banking services. The company was founded in 1907 and is based in Bangkok, Thailand.
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CB Insights Intelligence Analysts have mentioned Siam Commercial Bank in 1 CB Insights research brief, most recently on Jul 6, 2022.
Latest Siam Commercial Bank News
May 30, 2023
05/30/2023 | 02:38pm BST Message : SCB and EGAT collaborate to boost cash management potential, bolstering sustainable electric power services Siam Commercial Bank (SCB) has been entrusted by the Electricity Generating Authority of Thailand (EGAT) to continue providing its Total Cash Management Solution for an additional five-year period, spanning 2023 to 2028. This collaborative effort has greatly supported EGAT in effectively managing its finances and embracing technological advancements to streamline its financial and accounting processes in the digital era. SCB, with a strong emphasis on delivering seamless services through various channels, offers a comprehensive Total Cash Management Solution that includes cutting-edge liquidity management and end-to-end payment services. This empowers EGAT to enhance its capacity in delivering sustainable electricity services. The partnership aligns perfectly with EGAT's mission to uphold electrical security and foster the nation's competitiveness through innovative solutions that bring happiness to the Thai people. Recently, Dr. Yunyong Thaicharoen, SEVP, Chief Wholesale Banking Officer and SEVP, Chief Wealth Banking Officer at Siam Commercial Bank (right) and Mrs. Patcharin Rapeepornpong, Deputy Governor - Finance and Accounting at Electricity Generating Authority of Thailand, signed a cooperation agreement at the headquarters of Siam Commercial Bank to continue providing Total Solution Cash Management services. Attachments
Siam Commercial Bank Investments
4 Investments
Siam Commercial Bank has made 4 investments. Their latest investment was in SCB Abacus as part of their Series B on July 7, 2022.
Siam Commercial Bank Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
7/18/2022 | Series B | SCB Abacus | $20M | Yes | 1 | |
2/15/2022 | Series E - II | |||||
12/14/2021 | Unattributed VC | |||||
9/11/2020 | Bridge |
Date | 7/18/2022 | 2/15/2022 | 12/14/2021 | 9/11/2020 |
|---|---|---|---|---|
Round | Series B | Series E - II | Unattributed VC | Bridge |
Company | SCB Abacus | |||
Amount | $20M | |||
New? | Yes | |||
Co-Investors | ||||
Sources | 1 |
Siam Commercial Bank Portfolio Exits
2 Portfolio Exits
Siam Commercial Bank has 2 portfolio exits. Their latest portfolio exit was SCB Life Assurance on July 01, 2019.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
7/1/2019 | Divestiture | SCB Life Assurance | 3 | ||
Date | 7/1/2019 | |
|---|---|---|
Exit | Divestiture | |
Companies | SCB Life Assurance | |
Valuation | ||
Acquirer | ||
Sources | 3 |
Siam Commercial Bank Fund History
1 Fund History
Siam Commercial Bank has 1 fund, including Siam Commercial Bank Fund I.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
Siam Commercial Bank Fund I | 1 |
Closing Date | |
|---|---|
Fund | Siam Commercial Bank Fund I |
Fund Type | |
Status | |
Amount | |
Sources | 1 |
Siam Commercial Bank Partners & Customers
10 Partners and customers
Siam Commercial Bank has 10 strategic partners and customers. Siam Commercial Bank recently partnered with Infomina on December 12, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
12/27/2022 | Vendor | Malaysia | Infomina Thai unit secures US$28.44mil purchase agreement KUALA LUMPUR : Infomina 's subsidiary Infomina , has received a purchase agreement from The Siam Commercial Bank Public Company Ltd to provide upgrade and transformation solutions to The Siam Commercial Bank Public Company Ltd 's core banking applications for US$ 28.44 million . | 2 | |
12/6/2022 | Vendor | Singapore | SGX-listed Silverlake Axis partners Siam Commercial Bank for micro-lending solutions `` AutoX is the leading player in Microlending in Thailand , and SAL is honoured to be a partner to deliver advanced and innovative product offerings at new levels of customer convenience , '' said Soo Ching Choo , the Managing Director of the MÖBIUS Platform business at SAL . | 1 | |
6/28/2021 | Vendor | Singapore | Thunes Partners With Thailand's Siam Commercial Bank To Power Real-Time Cross-Border Transfers This new partnership demonstrates our deep local knowledge of an important Southeast Asian market and builds on our experience in successfully overcoming compliance obstacles and understanding the country 's local banking landscape , '' said Andrew Stewart , Global Head of Networks , Thunes . | 7 | |
3/26/2021 | Partner | ||||
11/27/2020 | Vendor |
Date | 12/27/2022 | 12/6/2022 | 6/28/2021 | 3/26/2021 | 11/27/2020 |
|---|---|---|---|---|---|
Type | Vendor | Vendor | Vendor | Partner | Vendor |
Business Partner | |||||
Country | Malaysia | Singapore | Singapore | ||
News Snippet | Infomina Thai unit secures US$28.44mil purchase agreement KUALA LUMPUR : Infomina 's subsidiary Infomina , has received a purchase agreement from The Siam Commercial Bank Public Company Ltd to provide upgrade and transformation solutions to The Siam Commercial Bank Public Company Ltd 's core banking applications for US$ 28.44 million . | SGX-listed Silverlake Axis partners Siam Commercial Bank for micro-lending solutions `` AutoX is the leading player in Microlending in Thailand , and SAL is honoured to be a partner to deliver advanced and innovative product offerings at new levels of customer convenience , '' said Soo Ching Choo , the Managing Director of the MÖBIUS Platform business at SAL . | Thunes Partners With Thailand's Siam Commercial Bank To Power Real-Time Cross-Border Transfers This new partnership demonstrates our deep local knowledge of an important Southeast Asian market and builds on our experience in successfully overcoming compliance obstacles and understanding the country 's local banking landscape , '' said Andrew Stewart , Global Head of Networks , Thunes . | ||
Sources | 2 | 1 | 7 |
Siam Commercial Bank Team
9 Team Members
Siam Commercial Bank has 9 team members, including current Executive Vice President, Pitiporn Phanaphat.
Name | Work History | Title | Status |
|---|---|---|---|
Pitiporn Phanaphat | SCB 10X, Tesco, The Boston Consulting Group, and J.P. Morgan | Executive Vice President | Current |
Name | Pitiporn Phanaphat | ||||
|---|---|---|---|---|---|
Work History | SCB 10X, Tesco, The Boston Consulting Group, and J.P. Morgan | ||||
Title | Executive Vice President | ||||
Status | Current |
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