Mr. Kris Chantanotoke, Chief Executive Officer of the Siam Commercial Bank PCL (SCB), stated that the bank has already completed its business plan for the next year and is preparing for an official announcement at the beginning of 2026. He affirmed that next year’s total loan growth target will definitely not be negative, even though this year’s loan growth has remained stable.
At the same time, SCB aims to maintain a double-digit return on equity (ROE) growth rate, despite facing numerous negative challenges. The bank is committed to driving sustainable revenue growth by focusing on four main areas. The details are as follows:
- Loans to large corporate clients.
- Aggressive expansion in housing loans next year through partnerships with 4–5 leading real estate developers, while retaining its number one position in the mortgage market.
- The wealth management business, which has achieved 20% growth to date and targets no less than 20% growth in 2026.
- Rigorous debt management.
“Although the overall economy continues to face volatility from several negative factors, we believe there are many industry sectors with good growth potential and these will be our focus going forward. These include the power and electronics sectors, data centers, and large-scale infrastructure, as all are industries likely to expand in line with technology trends and new energy investments,” said Mr. Kris.
As for the housing loan business, although interest rates are trending downward, a more critical supporting factor is “consumer confidence,” which is still in the recovery phase. Should consumer confidence rebound clearly, it will immediately have a positive effect on housing loan demand. In this area, SCB collaborates with more than 4–5 property development partners to support future market expansion.
“With the current and future economic situation, the bank must adjust its business plans to align as closely as possible with ongoing developments, so that we can ensure sustainable revenue and ROE growth. Therefore, we are turning our focus to areas where the bank’s expertise lies.
We believe other commercial banks are making similar strategic moves, concentrating on sectors where they excel, because each bank has different strengths. SCB, for instance, specializes in home loans, so that will remain a primary focus, along with large corporate loans and the wealth management business,” Mr. Kris added.
