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Draft:SCBX

From Wikipedia, the free encyclopedia
SCB X Public Company Limited
Native name
บริษัท เอสซีบี เอกซ์ จำกัด (มหาชน)
TypePublic company
SET: SCB
IndustryFinancial services, Fintech
Founded2021
Key peopleArthid Nanthawithaya (CEO)
ProductsBanking, consumer finance, digital assets, venture capital
SubsidiariesSiam Commercial Bank (100%)
CardX
InnovestX
SCB 10X
PointX
Monix
AutoX
Websitewww.scbx.com

SCB X Public Company Limited (commonly known as SCBX) is a Thai financial technology and investment holding company headquartered in Bangkok, Thailand. Established in 2021 as part of a major corporate restructuring of Siam Commercial Bank (SCB), the group serves as the parent company overseeing banking operations, digital lending, venture capital, and fintech subsidiaries.

History

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In September 2021, Siam Commercial Bank announced a corporate restructuring plan to transition from a traditional commercial bank into a financial technology conglomerate named SCBX. The strategy aimed to separate traditional regulated banking activities from high-growth, high-risk financial technology and digital asset businesses.[1]

In 2022, SCBX completed a share swap tender offer, exchanging shares of Siam Commercial Bank for SCBX shares at a 1:1 ratio. Following the swap, SCBX replaced Siam Commercial Bank on the Stock Exchange of Thailand under the ticker symbol "SCB" in April 2022.[2] Siam Commercial Bank then became a wholly owned subsidiary of SCBX.

Corporate structure and subsidiaries

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SCBX operates as an operating holding company divided into three core pillars:

  • Banking services: Anchored by Siam Commercial Bank (SCB), providing commercial, retail, and corporate banking.
  • Consumer finance and digital lending: Includes entities such as CardX (credit card and personal loan operations spun off from the bank) and AutoX (title loan business operating under the "เงินไชโย" brand), Monix is an AI-powered fintech subsidiary and joint venture of the SCBX Group and China's Abakus Group.
  • Fintech and digital assets: Includes SCB 10X (venture capital and technology innovation arm), InnovestX (securities and digital asset brokerage, formerly SCB Securities), and various technology joint ventures.

Corporate governance

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The company is governed by a board of directors led by executive leadership, with Arthid Nanthawithaya serving as the Chief Executive Officer since its restructuring from Siam Commercial Bank.

See also

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References

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  1. "Siam Commercial Bank transforms into SCBX". Bangkok Post. 2021-09-23.
  2. "SCBX replaces SCB on the Stock Exchange of Thailand". The Nation Thailand. 2022-04-27. {{cite web}}: Missing or empty |url= (help)
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Category:Holding companies of Thailand Category:Financial services companies of Thailand Category:Companies listed on the Stock Exchange of Thailand Category:Companies based in Bangkok Category:2021 establishments in Thailand