Page 242 - E-BOOK

Bangkok Commercial Asset Management Public Company Limited

Notes to financial statements
For the year ended 31 December 2020

1. General information

1.1 Corporate information

Bangkok Commercial Asset Management Public Company Limited (“the Company”) is a

public company incorporated and domiciled in Thailand. The Company’s major shareholder
is the Financial Institutions Development Fund (FIDF), holding 45.79 percent of registered
and paid-up share capital (prior to 12 December 2019, FIDF held 99.99 percent of registered

capital). The Company’s business is the purchase or transfer of non-performing loans (NPLs)
and non- performing assets ( NPAs) for management or for further disposal or transfer.
The Company’s registered office is located at 99 Surasak Road, Silom, Bang Rak, Bangkok.

The Company has 25 branches.

On 12 December 2019, the Stock Exchange of Thailand (“SET”) approved the listing of the
Company's shares under the trading name “BAM”.
Annual Report 2020 1.2 Coronavirus disease 2019 pandemic

The Coronavirus disease 2019 pandemic is causing an impacting various businesses and
240 industries both directly and indirectly. This situation could create uncertainties and may be
impacting the Company’ s business activities in term of the repayment capability of the

receivables. This may impact the Company’s operating results, and cash flows in the future,
which the impact cannot be reasonably estimated at this stage. However, the Company’s
management has continuously monitored the ongoing developments and assessed the

financial impact in respect of the valuation of assets, provisions and contingent liabilities.
Therefore, the Company’s management has used estimate and judgement in various matter

in order to continuously assess the impact as the situation has evolved.