2005 - Asianbanks.net

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Liquidity Risk Management Liquidity risk involves the Bank’s inability to meet its financial obligations upon maturity due to its inability to obtain sufficient cash, or to liquidate assets at reasonable prices. Recognizing the possible damage of such risk, the Bank has appointed a Committee on Financial Policy and Liquidity Management (Money Desk) to keep a close watch on the financial and liquidity management of the Bank within the risk management guideline specified by the Assets and Liabilities Management Committee. The Treasury Department manages daily liquidity by considering the daily cash demand, the liquidity above the mandatory liquidity reserve of 6% required by the Bank of Thailand, the structure of deposits and withdrawals, customers’ behavior, competitive position, economic conditions within and outside the country, and the expected return to the Bank. It also considers the maximum cumulative outflow during normal condition and during crisis by comparing the Bank’s cash position, the credit lines granted but unused at other banks, and the reserve level. It also prepares a contingency plan in the case of the Bank running into a liquidity problem situation. The Risk Management Department estimates the cash flow by considering the daily demand for cash, demand for cash within 12 month and within 5 year, including cash need projection based on assumptions of emergency and customers’ behavior to plan cash management, liquidity position and reserve position for a monthly presentation to the Assets and Liabilities Management Committee. Operational Risk Management Operational risk refers to the possible damage the Bank may sustain as a result of the lack of efficient supervision and control in the management of work processes, operations systems and information technology systems, or the result of external factors beyond the Bank’s control. The Bank is aware of the importance of operational risk management and has developed a system to manage operational risks. The Bank has implemented the policy of bringing operational risks management and control up to international standards and in line with good governance principle. A department has been set up to be in charge of operational risks management at both policy and operational levels. An IT system has been developed to include any data loss in the calculation of minimum capital fund in line with the requirements of Basel II. Each business unit is required to follow the Risk Self Assessment method in evaluating its operational risks periodically. In addition, there is a management structure to facilitate the operational risk management, such as clear separation of responsibilities, check and balance of power, in accordance with the principles of good internal audit. The Compliance and Audit Group, an important mechanism to help control and prevent any possible damages, is independent and reports directly to the Audit Committee. 82
General Information 1.1 Siam City Bank Public Company Limited, Head Office: 1101 New Petchburi Road, Makkasan, Rajthevi, Bangkok 10400 Registration no.Bor Mor Jor 354 Tel 02-253-0200-43 ,02-208-5000 Fax 02-253-1240 Type of Business: Banking Registered capital and paid-up capital : Baht 21,128,106,760 comprising 2,112,810,676 Ordinary shares at Baht 10 per share 1.2 Equity Participation in other Companies more than 10% of the Shares Issued As at December 31, <strong>2005</strong> The bank held over 10 Percent of share in the following companies : Total Number Shares held by SCIB Company Type of Business of shares Number of % of Paid-up Issued share held Capital Common shares from investment 1. Max Life Assurance Co., Ltd. Life Insurance 50,000,000 50,000,000 100.00 2. Siam City Asset Management Co., Ltd. Asset Management 17,000,000 17,000,000 100.00 3. SCIB Services Co., Ltd. Services 100,000 100,000 100.00 4. Siam City Securities Co., Ltd. Securities 200,000,000 199,577,643 99.79 5. Crown Development Co., Ltd. Real Estate 10,000,000 10,000,000 100.00 6. Siam City I.T. Co., Ltd. Computer Consultant 500,000 499,986 100.00 7. The Chada Thong Properties Co., Ltd. Real Estate 10,000 7,000 70.00 8. Siam City Insurance Co., Ltd. Insurance 400,000 102,000 45.50 9. Thoon Ruam Kan Co., Ltd. Credit Card 240,000 80,000 33.33 10. Siam Samsung Life Insurance Co., Ltd. Life Insurance 50,000,000 12,500,000 25.00 11. Piboon Concrete Co., Ltd. Building & Furnishing Materials 8,000,000 800,000 10.00 12. Metropolitan Industrial Leasing Co., Ltd. Leasing 20,000,000 2,000,000 10.00 13. Steel Top Co., Ltd. Steel 74,000,000 7,400,000 10.00 14. Siam Tire Cord Co., Ltd. rubber 2,000,000 200,000 10.00 15. Crystal City Development Co., Ltd. Construction 750,000 75,000 10.00 16. Soonvijai Development Co., Ltd. Construction 13,000 1,300 10.00 17. Modular Samko Co., Ltd. Furniture 3,500,000 350,000 10.00 18. Sahakol Chassis Co., Ltd. Vehicle Parts 45,000,000 4,500,000 10.00 19. Siam Euro Leasing Co., Ltd. Hire Purchase & Leasing 13,000,000 1,300,000 10.00 20. Siam City Real Estate Services Co., Ltd. Real Estate 1,000,000 100,000 10.00 Common shares from debt restructuring (Debt-Equity SWAP) 21. S.A.S. Trading Co., Ltd. Holding Company 114,823,529 39,246,306 34.18 22. Paktai Chueplerng Pcl. Energy 125,000,000 37,546,934 30.04 23. Thai-German Products Pcl. Building & Furnishing Materials 21,012,069 94,361,456 29.08 24. Thai Nam Plastic Pcl. Chemicals & Plastics 21,175,004 4,335,365 20.47 25. High Pressure Steel Pipe Industry Co., Ltd. Steel 500,001 70,470 14.09 26. Island Resort Hotel Co., Ltd. Hotel 40,000,000 5,195,000 12.99 27. Metropole Phuket Co., Ltd. Hotel 30,000,000 3,589,492 11.96 28. Wongpaitoon Group Pcl. Textiles 604,845,880 63,149,057 10.44 Remarks : 1. No 5, 6, 7, 9 and 20 have filed for liquidation 2. No 1 and 4 former names are Bangkok Metropolitan Life Assurance Co., Ltd. and Yuanta Securities (Thailand) Co., Ltd. 3. No 21, 26 and 27 bank’s equity holding has changed from 1.25% , 10.38% and 9.67% respectively 83
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Contents Financial Highlights Messa
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Financial Highlights Operating Resu
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Dear Shareholders, In 2005, the wor
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Report of the Audit Committee The B
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Board of Directors Education • Ba
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Board of Directors Education • Ba
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Annual Report 2005 13
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Shareholders Board of Directors Aud
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Mr. Sutipong Ittipong Senior Execut
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Mrs. Jaree Wuthisanti Executive Vic
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Mr. Pravit Ongwatana Executive Vice
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Mr. Prachak Udomsilp Executive Vice
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Executive of the Departments Medium
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Operating Results Operating results
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Unit: Million Baht Business sectors
Page 33 and 34: As at 31 December 2005, investments
Page 35 and 36: Relationship between Sources and Us
Page 37 and 38: Relationship between Financial Cost
Page 39 and 40: Characteristics of Business Operati
Page 41 and 42: Reforestation Project on the Occasi
Page 43 and 44: Structure of Incomes (Consolidated)
Page 45 and 46: Place In addition to programs to mo
Page 47 and 48: Enhance capability of information t
Page 49 and 50: Structure of the Board of Directors
Page 51 and 52: 2. Tenure 2.1 The term of the direc
Page 53 and 54: 1) Knowledge and Ability (Average s
Page 55 and 56: 11. Shall have the power to conside
Page 57 and 58: 5. Others The Audit Committee shall
Page 59 and 60: 7. Adjust and change organization s
Page 61 and 62: 19. Mr. Rathian Srimongkol First Ex
Page 63 and 64: No. Name Directors Executive Audit
Page 65 and 66: The Bank resolved to formulate the
Page 67 and 68: Type of Activities Good Corporate G
Page 69 and 70: Type of Activities Good Corporate G
Page 71 and 72: No. Activity 9 Discussion workshop
Page 73 and 74: Conflict of Interests The Board of
Page 75 and 76: 2. Ethical conduct toward customers
Page 77 and 78: meeting room to allow a free discus
Page 79 and 80: The Board of Directors’ Report Th
Page 81 and 82: Risk Management and Individual Risk
Page 83: Risk from Guarantees Bill of paymen
Page 87 and 88: 14. Siam Tire Cord Co., Ltd. 46/1 M
Page 89 and 90: The Board of Directorsû Responsibi
Page 91 and 92: Financial Statement BALANCE SHEETS
Page 93 and 94: BALANCE SHEETS (Continued) AS AT 31
Page 95 and 96: STATEMENTS OF EARNINGS (Continued)
Page 97 and 98: STATEMENTS OF CHANGES IN SHAREHOLDE
Page 99 and 100: STATEMENTS OF CASH FLOWS (Continued
Page 101 and 102: Significant intercompany balances a
Page 103 and 104: 3.4 Investment in subsidiaries and
Page 105 and 106: 3.11 Premises and equipment Buildin
Page 107 and 108: 4. TRANSFER OF BUSINESS FROM BANGKO
Page 109 and 110: (Unit : Million Baht) The Bank only
Page 111 and 112: (Unit : Million Baht) Consolidated
Page 117 and 118: 7.6 Investments in companies having
Page 119 and 120: 8. LOANS AND ACCRUED INTEREST RECEI
Page 121 and 122: 8.3 Classified by currency and resi
Page 125 and 126: 8.6 Non-performing loans As at 31 D
Page 129 and 130: 9. ALLOWANCE FOR DOUBTFUL DEBTS (Un
Page 131 and 132: 10. REVALUATION ALLOWANCE FOR DEBT
Page 133 and 134: (Unit : Million Baht) Consolidated
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13. INTANGIBLE ASSETS (Unit : Milli
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15.2 Classified by the remaining pe
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17. SECURITIES SOLD UNDER REPURCHAS
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(Unit : Million Baht) The Bank Only
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(Unit : Million Baht) The Bank only
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(Unit : Million Baht) Consolidated
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Credit Review Department is respons
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The remaining periods from 31 Decem
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The Bank’s Liquidity Management C
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As at 31 December 2005, the differe
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(a) (b) Set aside to a statutory re
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OFFICE / BRANCH TELEPHONE FAX E-MAI
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Major Correspondent Banks EUROPE DE
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ASIA MALAYSIA KUALA LUMPUR RHB BANK
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2005 - Asianbanks.net

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