SCBC sees offshore trading portfolio rise to Bt10 million
February 25, 2014 00:00
Siam Commercial Bank Securities (SCBC) has witnessed an increasing account number of offshore trading customers to Bt10 million in value this month from Bt1 million as of last December, following the impacts of protracted political turbulance on the local
Viravate Vongkitbuncha, senior vice president for the SCBC's International Securities Department, said this offshore trading portfolio at SCBC is expected to reach between Bt100 million to Bt200 million at the end of this year.
The offshore trading is part of the investors' risk diversification strategy in response to the slowing Thai economy and prolonged political disturbance in Thailand.