January 17, 2019 / 12:47 PM / a month ago

URGENT-Thailand's Siam Commercial Bank FY profit down 7 percent

BANGKOK, Jan 17 (Reuters) - Thailand’s second-largest lender, Siam Commercial Bank Pcl (SCB), reported a 7.1 percent fall in full-year profit on Thursday citing lower non-interest income from its fee waiver and insurance business.

Earnings fell to 40.1 billion baht ($1.26 billion) from 43.1 billion, partly due to higher expenses from its transformation program.

$1 = 31.7300 baht Reporting by Chayut Setboonsarng; editing by Jason Neely

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