Thailand's Siam Commercial Bank Full Year profit down 7 percent

BANGKOK (Reuters) - Thailand’s second-largest lender, Siam Commercial Bank Pcl (SCB), reported a 7.1 percent fall in full-year profit on Thursday citing lower non-interest income from its fee waiver and insurance business.

Earnings fell to 40.1 billion baht ($1.26 billion) from 43.1 billion, partly due to higher expenses from its transformation program.

(Reporting by Chayut Setboonsarng; editing by Jason Neely)