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Bangkok Post

Business

SCB X keen on novel banking opportunity

SCB X Siam Commercial Bank SET

Consumers use ATM services at a branch of Siam Commercial Bank. (Photo: Varuth Hirunyatheb)

SCB X, the holding company of Siam Commercial Bank, is interested in setting up a virtual bank, aiming to explore new business opportunities.

The company is keen to apply for a virtual bank licence from the Bank of Thailand, pending the central bank's publication of the virtual bank licensing regulations, said chief executive Arthid Nanthawithaya at a shareholders' extraordinary general meeting on Thursday.

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