SCB established its representative office in Yangon in December 2012. In April 2020 it was granted preliminary approval for establishing a full banking subsidiary. SCB Myanmar received final approval on January 12, 2021 and commenced operations on January 15, 2021.
As a subsidiary bank, Siam Commercial Bank Myanmar intends to offer full array of services covering corporate, SME, and retail customers, while the Bank will be able to expand its network to up to ten branches in prime business areas in Myanmar.
Siam Commercial Bank is firmly committed to the goal of being “the Most Admired Bank” and as part of the Bank’s vision Siam Commercial Bank Myanmar (SCBM) aligns and continue to create good corporate governance, emphasizing ethical business practices and responsibility toward society. Supported by our experienced staff, we are committed to working together with our customers as a trusted partner. Using new technology to research and develop better product and service models, Siam Commercial Bank Myanmar strongly believes that balancing our value propositions to all stakeholders is the right path for our sustainable growth.