Revamp steps up competitionThe restructuring of Siam Commercial Bank (SCB) may heighten competition in the lending businesses and cause competitors to expand at a lower rate than expected, said analysts from KTBST Securities. According to KTBST, the revamp will allow SCB to step up as one of the major players in the lending industry and intensify competition among lenders. SCB X's soon-to-be lending subsidiary companies have grown exponentially over the past few years, driven by faster operations after they were separated from SCB which faces tighter regulations from the Bank of Thailand. After all subsidiaries have moved under SCB X, these companies will have more borrowing capacity to expand businesses that will allow them to lend more with competitive interest rates. Alpha X, which has been established as a joint venture with Millennium Group Corporation for leasing loans for supercar and big bikes, will affect Ratchthani Leasing (THANI).

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