Siam Commercial Bank (Thai: ธนาคารไทยพาณิชย์; RTGS: Thanakhan Thai Phanit), officially The Siam Commercial Bank Public Company Limited, is the first and the oldest Thai bank. It was founded on 30 January 1907 by the appointment of Chulalongkorn. 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. More information...
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