As the first and oldest Thai commercial bank, the Siam Commercial Bank has a history dated back as early as the reign of King Rama V, when the country's banking system was served only by foreign banks. Realizing that a sound and independent financial system was vital for Thailand's economic development, HRH Prince Mahisararajaharuethai initiated the establishment of the Thai banking business under the name of " The Book Club" in 1904. As its operations received wider recognition, His Royal Highness sought Royal Assent and transformed it into the Siam Commercial Bank Company Capital Limited, a full-fledged commercial bank, on January 30, 1906. Because of his far-sighted undertaking, HRH Prince Mahisorn is revered as " The Father of Thai Banking," and the Siam Commercial Bank is regarded as a prototype of Thai commercial banks. For almost a century of business operations, the management of the Siam Commercial Bank has consistently adhered to the philosophy set forth by its founder which is to dedicate ourselves to the quality and righteousness of our work, to work as a team so that we shall provide the best of services, to respect human values, and to participate to the best of our ability in our society and nation.