Alpha Southeast Asia Announces Best Financial Institutional Awards

Hat trick for Siam Commercial Bank

Alpha Southeast Asia today announced the fourth annual Best Financial Institutional Awards 2010 in Thailand. Siam Commercial Bank enjoys a hat trick for Best Local Bank, Best Private Wealth Management Bank and Best Cash Management Bank.

(Photo: http://www.prnasia.com/sa/2010/08/25/20100825130363.html )

Bangkok Bank scoops Best Trade Finance Bank and Best SME Bank; KASIKORNBANK takes Best Investment Bank and Best Bond House.

SCB wins resulted from its constant drive to lower costs for its stakeholders, treasury and cash management clients. Equally, its zero-tolerance policy towards technical glitches and position as a safe anchor for private wealth management clients and for borrowing and lending in Thailand have been lauded. In the first quarter of 2010, non-performing loans had dropped to 4.2% and fee income grew to 19.2% year-on-year due to strong growth in card business, fund management business and bancassurance.

A full write-up of the rationale behind these awards, from 2009 to 2010, will be published in the July/August issue of Alpha Southeast Asia magazine.

Methodology:

Banks and financial institutions operating in the five countries reflective of Alpha Southeast Asia's chief editorial focus - Indonesia, Malaysia, the Philippines, Singapore and Thailand - were evaluated by the editorial team on 180 key parameters including rankings in independent league tables and industry peer feedback, making it one of the most comprehensive banking and finance awards in the region.

Mr. Siddiq Bazarwala, Alpha Southeast Asia, Publisher commented, "The winners are not necessarily the biggest banks by asset size, in fact, 12 out of 14 of our awards are categorically open to locally incorporated banks and financial institutions with unrivalled commitment to servicing corporate, non-banking financial institutions clients and state-linked agencies."

Notes to Editors

About Alpha Southeast Asia Magazine

Published 11 times a year -- Alpha Southeast Asia is the first and only institutional investment magazine focused on Southeast Asia's banking and capital markets, written for professional investors and local corporates concerned with liquidity management, cash flow maximization and financial supply chain optimization. In short, Alpha Southeast Asia magazine is a powerful platform for companies based in the region interested in stating and making their investment case directly to global investors.

Please visit our website: http://www.alphasoutheastasia.com/ .

SOURCE Alpha Southeast Asia Magazine

-- Distributed by AsiaNet ( www.asianetnews.net ) --

• ข่าวSiam Commercial Bank
• ข่าวBangkok Bank
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