Company Update
SCB sets out ambitious growth plans
28 Sep 2021

Siam Commercial Bank (SCB) aims to become a major digital platform service provider under its planned new parent, SCB X, as well as a regional financial tech conglomerate by 2025, with a goal of 200 million customers.

The final collaboration is the incorporation of a new joint venture called Alpha X Co with Millennium Group Corporation (Asia), a leading automotive dealer in Thailand. The venture offers hire-purchase, leasing and refinancing for cars, motorcycles (big bikes) and watercraft (yachts and river boats).