SCB X to upgrade continuity plan

SCB X, the financial technology con glomerate and holding company of Siam Commercial Bank (SCB), plans to strengthen its business continuity plan to address earthquake risks.

- SOMRUEDI BANCHONGDUANG

Following the recent tremors in Bangkok and unexpected events both domestically and internationally, SCB X wants to upgrade its business continuity plan to include earthquakes, said chief executive Arthid Nanthawithaya during a stakeholder meeting last Friday.

For its real estate clients, SCB plans to emphasise construction standards and quality when extending project financ ing, he said.

The bank will continue to provide financial support for high-rise property developments, but back-up more robust risk management measures, said Mr Arthid.

While the disaster temporarily damaged home/residential, par ticularly for high-rise condos, a steady stream of buyers is expected over the medium to long term, he said.