Fitch says SCB rejig in line with trendSiam Commercial Bank's (SCB) reorganisation reflects the industry's rising complexity. The group restructuring announced by SCB on Sept 22 is in line with the trend for Thai banks to become more complex financial groups, Fitch Ratings says. SCB plans to set up a holding company that will own the group's operating entities, including SCB. "We expect more details to emerge on capital planning for the holding company, SCB and the other subsidiaries. There is to be a one-off 70 billion baht dividend from SCB to the holding company for business and asset transfers and new investment."

Source: Bangkok Post September 27, 2021 21:45 UTC