Page 211 - BAM ONE REPORT 2564 (ENGLISH VERSION)

Form 56-1 One Report 2021 209
Bangkok Commercial Asset Management Public Co., Ltd.

Transaction value (million baht)

Related person/ Relationship Transaction Year ending as of Year ending as of Necessity and Rationale Opinions of the audit
juristic person 31 Dec 2020 31 Dec 2021 committee
1.4 Transaction about deposits at the financial • The company had savings and • Such transaction was a normal
institutions current deposits with Krungthai business supporting transaction of
• Financial institution’s deposit 30.0 43.3 Bank Public Company Limited for cash the company with a general deposit
• Interest receivable 0.1 0.1 management interest rate as if it had deposits
• Accrued interest receivable 0.0 0.0 with another unrelated financial
institution.
• The audit committee considered
it and realized that such transaction
was suitable and reasonable.
1.5 Transaction About rental • The company partially leased the area • Such transaction was a normal
• Rental revenue 0.1 0.1 in front of the head office to Krungthai business supporting transaction
• Rental deposit 0.0 0.0 Bank Public company Limited to install of the company, with rental rate
a cash deposit machine according to and terms of payment as if it was
the lease agreement dated 28 April made with a third party.
2017, and the renewed issue, dated 29 • The audit committee considered
April 2021 with 1-year term.(from 1 May it and realized that such transaction
2021 to 30 April 2022) was suitable and reasonable.
• The company partially leased the area
in front of the Yala Office to Krungthai
Bank Public Company Limited to install
a cash deposit machine according to
the lease agreement, dated 28 December
2018, and the renewed issue, dated 4
December 2020, with 1-year term. (from
1 January 2021 to 31 December 2021)
2. Krungthai AXA Life Insurance • The company and Krungthai Bank Public 2.1 Debenture – related transaction • The company offered debentures to • Such transaction was a financially
Public company Limited Company Limited have a common major • Debenture institutional investors and/or major aided transaction of the Company.
shareholder which is the Financial Institution - Beginning 749.2 2,224.5 investors to manage liquidity of the The offer price and interest rate of
Development Fund (FIDF). As of 31 December - Increase 1,528.0 171.6 Company. It is unsecured, non- the debentures was the same offer
2021, FIDF held 45.8% shares in the company - Decrease (52.7) (86.1) subordinated debenture with price and interest rate as the
and indirectly held shares in Krungthai-AXA - End 2,224.5 2,310.0 identification of holder’s name and Company did with other subscribers
Life Insurance Public Company Limited for • Interest payable 58.1 77.3 without an agent of the holders. who were third parties.
27.5% (FIDF holds shares in Krungthai Bank • Accrued interest payable 16.6 18.1 The debenture issuer has the right to • The audit committee considered
Public Company Limited for 55.1% and redeem debentures before falling due. it and realized that such transaction
Krungthai Bank Public company (depending on each serie of debenture) was suitable and reasonable.
Limited holds shares in Krungthai-AXA Life
Insurance Public company Limited for
50.0%.)