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SCB projects flat profits on low investment gains, high fee income.
Byline: Darana Chudasri
Apr. 6--Siam Commercial Bank expects profits to remain on par with last year, with higher revenues from interest and fee income offsetting projected declines in investment returns.
Khunying Jada Wattanasiritham, the SCB president, said return-on-equity (ROE), excluding extraordinary items, was expected to remain at 20 percent for 2005.
"Our ROE in 2004 was 23.1 percent, including extraordinary gains. For this year, we expect to maintain this ratio, at the same level as last year, at 20 percent excluding extraordinary items," she told shareholders at the bank's annual meeting.
Khunying Jada declined to offer a ...
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Source: HighBeam Research, SCB projects flat profits on low investment gains, high fee income.