New Silk Road Finance Awards 2017 Southeast Asia: Best local bank for BRI
Thailand is still considered one of southeast Asia’s longer-term success stories, despite a slowdown in economic growth and concerns over political stability in recent years.
In the space of four decades, Thailand has evolved from a low-income to an upper-middle-income country, attracting strong foreign direct investment from China while solid local banks support local projects. Domestic lenders will continue to support Thailand’s growth as China’s Belt and Road Initiative takes shape in Asean.
Siam Commercial Bank (SCB) in Thailand stands out as the local bank best placed to support Thai and Chinese corporates that want to set up in the southeast Asian country and wins Asiamoney’s award for best local bank in southeast Asia for BRI.
Thailand’s third-largest bank in terms of assets launched a one-year bridge loan programme in August 2016 specifically for Chinese companies to help support foreign investment in Thailand.