Sansiri and SCB Reinforce Strong Partnerships
Sansiri and SCB Reinforce Strong Partnerships, Solidifying Financial Cooperation for New Projects in 2024 Business Plan
Mr. Uthai Uthaisangsuk, President of Sansiri Public Company Limited (SIRI), a leader in the Thai real estate development industry, announced that Sansiri and Siam Commercial Bank (SCB) are reinforcing their confidence and strong business partnership. SCB, a leading financial institution in Thailand, has demonstrated its trust and confidence by providing financial support for the Krungthep Kreetha Project, Bangna Km. 10 Project, and Chidlom Project, with a total value of 15.2 billion baht. Each project is distinguished by its design, service, quality, and sustainability, contributing to sustainable growth.
Sansiri remains dedicated to its strong business development. In this significant growth year, Sansiri is advancing into its 40th year with a “RESILIENT GROWTH” strategy, leveraging potential, expertise, and innovation to expand its business and enhance operations. This approach aims to deliver products and services that meet consumer needs and stand out from competitors while continuously prioritizing social responsibility and environmental care, which Sansiri believes are crucial for future sustainability. This year, Sansiri plans to launch 46 new projects worth 61 billion baht—the highest in the housing industry. The company targets sales of 52 billion baht and a total transfer amount of 43 billion baht. Sansiri’s key strategy focuses on maintaining consistent growth, emphasizing financial discipline, and ensuring appropriate liquidity to navigate any situation.
Mr. Kris Chantanotoke, Chief Executive Officer of Siam Commercial Bank, noted that the bank is delighted to provide financial support of 15.2 billion baht to Sansiri for the development of residential projects in three prime locations: the Krungthep Kreetha Project, Bangna KM.10 Project, and Chidlom Project. Sansiri continues to make waves in Thailand’s housing industry by developing high-quality real estate projects that prioritize innovation and sustainability. The bank is confident that this investment will enhance the quality of life for residents and meet needs while positively impacting the country’s economy and society in the long term. The real estate sector significantly contributes to driving the Thai economy, and Siam Commercial Bank fully supports the industry through project development loans and housing loans for consumers.
This support aligns with Siam Commercial Bank’s “Digital Bank with a Human Touch” strategy, which promotes the development of large-scale quality projects and emphasizes the use of innovation to improve quality of life and environmental sustainability.
