Page 34 - BAM ONE REPORT 2564 (ENGLISH VERSION)

32 Part 1
Business Operation and Performance

The Company has the head office located in Bangkok, and at present, (as of 31 December 2021), it has 26 branch
offices nationwide with about 1,300 employees. These help the Company to (A) provide services to customers nationwide,
(B) respond the customer’s need in each region. Having its branch offices in every region around the country enables
the Company to have knowledge and understanding about environments and market condition and to manage the
NPLs and NPAs in each region effectively.

The Company believes that one of competitive advantages of the Company is expertise in negotiation for debt
restructuring, distribution of NPAs and property value appraisal because the Company’s executives are experienced in
the asset management business for long time. Moreover, the Company has branch networks all over the country,
which help the Company to win a bidding for NPLs and NPAs at reasonable price, and to maintain profitability. Normally,
the Company engages in the bidding for NPLs and NPAs when they are put on tender. The Company has good relationship
with many financial institutions nationwide, which increases the opportunity to purchase the NPLs, especially for NPLs
with collateral as real estate and NPAs.

The Company’s business operation can be divided into 2 main business groups including (A) NPLs management
business and (B) NPAs management business.

This chart shows general work procedures about main businesses of the Company

Debt payment made
in cash Cash

Debt payment made by
transferring the collateral
Debt restructuring other assets (NPAs and the
investment in securities)

Compromise with creditors Debt payment by
converting debt into equity
NPLs (The investment in securities)

Not Compromise
with creditors Restructuring the debt
Conclusion reached

Judicial process The third party wins the auction Cash
The purchase
of NPLs and NPAs No Conclusion Enforcement of collateral
Via public auction
The Company wins the auction
NPAs

NPAs
(including investment Asset management Assets Sales Cash
in securities)