SCB sticks to fees to offset slowdown in loan growth | Bangkok Post: business

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SCB sticks to fees to offset slowdown in loan growth

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Siam Commercial Bank (SCB) remains focused on fee-based income from wholesale banking business rather than loan growth in its effort to achieve 15% growth in fee-based income this year. 

Thailand's third-biggest lender by assets has enjoyed roughly 20% annual growth in fee-based income over the past several years and the more modest 2014 target stems from a larger base, said senior executive vice-president Arthid Nanthawithaya.

The bank's fee-based income at the moment forms half of total revenue generated from wholesale banking, up from 35% in the past, and plans call for maintaining the existing level to balance SCB's income structure.

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