Siam Commercial Bank (SCB) has doubled its structured note offerings to 693 in 2020 with an increase in sales of 35.2% year-on-year (YoY) amid an overall scale-down in Thailand.
The Thai bank's outstanding balance of structured notes dropped by 57.3% to THB434m (US$14.1m) as at the end of 2020 from its highest level in the year - THB1.02 billion recorded a quarter ago, which was close to the level posted in Q1 20, but 72.8% lower YoY, according to SCB’s financial statements. Phatra Securities and CGS-CIMB Securities retained their leading positions in the distribution ranking despite the slow-down in market activity, while SCB took over Thanachart Secur
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