SCB X tempered its expansion plans, saying it expected to keep single-digit loan growth for its Gen 2 businesses as part of a cautious strategy, the Bangkok Post reported.
SCB X STRATEGY AND RATIONALE
SCB X is the holding company of Siam Commercial Bank. The plan covers the group's Gen 2 businesses.
According to the report, SCB X chose to keep loan growth at those units in single digits despite their strong growth potential.
As reported, the core public takeaway was that SCB X expected to maintain single-digit loan growth for its Gen 2 businesses under a cautious strategic posture, despite acknowledging those units' potential for stronger expansion.
Sources: Bangkok Post Finance
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