The Siam Commercial Bank Public Company Limited Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014
For the year, the company reported income of THB 128,130 million against THB 123,532 million a year ago. Operating profit was THB 80,041 million against THB 76,215 million a year ago. Net profit was THB 53,335 million against THB 50,233 million a year ago. Return on equity was 20.1% against 21.8% a year ago. Return on assets was 2.0% against 2.1% a year ago. The 2014 year-on-year growth in net profit was mainly attributable to the substantially higher net interest income primarily achieved through the significant reduction in interest expenses together with higher net fee income. This year-on-year increase was partly offset by lower dividend income and lower net trading and FX income.