Page 25 - BAM ONE REPORT 2564 (ENGLISH VERSION)

Form 56-1 One Report 2021
Bangkok Commercial Asset Management Public Co., Ltd. 23

By operating the project to achieve the goals BAM was registered as a limited company according
according to such guideline of practices by organizing these to the Civil and Commercial Code on 07 January 1999, with
projects initial registered capital of 54,700 million Baht (547 million
- Structuring the central sector of the Company shares with par value of 100 Baht), with Bangkok Commerce
for supervising the projects Public Company Limited (formerly BBC) holding shares for
- Integrating the work system and supporting main 99.99%. Later, on 28 January 1999, BAM was permitted by
transactions the Bank of Thailand to operate the business as an asset
- Integrating the financial and accounting system management company according to the Royal Decree on
- Providing the central database management system Asset Management B.E. 2541 (1998).
for significant data
- Supplying tools of big data for enhancing On 08 November 1999, BAM was registered to reduce
effectiveness of the analysis shares’ par value from 100 Baht to 25 Baht/ share to
- Managing data in the company in accordance optimize the financial structure, with remaining registered
with Personal Data Protection Act capital of 13,675 million Baht (547 million shares, with par
- Checking potentials and safety to support Cyber value of 25 Baht), according to the unanimous resolution
Security Act, and Personal Data Protection Act of of the 1st annual shareholder’s meeting on 07 July 1999.
the government The amount from capital decrease of 41,025 million Baht
- Improving and uplifting safety of the Company was gradually refunded to the shareholders completely
to support regulations to meet the universal from 31 August 2006.
standards
Apart from missions in managing non-performing
The aforementioned projects will render the Company loans of BBC, on 29 March 2002, BAM registered increasing
to gain highest benefits including scope of non-performing loan management of other
- Agility in expanding the business and customer financial institutions, and was an agent to collect and repay
base obligations in accordance with the Royal Decree on Thai
- Enhancing effectiveness and rapidity in work Asset Management Company B.E.2544 (2001), as well as
operation taking care of, managing and storing properties, asset
- Having correct and easily accessible data for transfer documents or other related documents.
driving the business
- Skill development for employees to suit the Later, on 4 February 2003, the receiver had an order
digital age No. 1338/2546 that Bangkok Commerce Public Company
- Modern image of the company with security, Limited (formerly BBC) shall transfer 546,999,993 BAM
safety and sustainability in the long run. shares, with par value of 25 Baht, in total amount of
13,674,999,825 Baht to the Financial Institutions
Background, change and significant Development Fund (FIDF). As a result, BAM was transformed
development to be a state enterprise with FIDF directly holding shares
Background for 99.99%. On 20 December 2005, the cabinet had
Bangkok Commercial Asset Management Co., Ltd a resolution for Financial Institution Asset Management
(“Company” or “BAM”) was established according to the Corporation (FIAMC) to transfer major assets including
financial institutions development plan of the Ministry of investment in the debtors for non-performing assets and
Finance according to the resolution of the cabinet on 14 investment in the securities to BAM. Additionally, BAM was
August 1998, to manage non-performing loans of Bangkok transferred officers of FIAMC as they were voluntary. This
Bank of Commerce Public Company Limited (BBC). amalgamation strengthened the organization due to