Page 57 - BAM ONE REPORT 2564 (ENGLISH VERSION)

Form 56-1 One Report 2021
Bangkok Commercial Asset Management Public Co., Ltd. 55

asset management companies relatively see the opportunity to broaden and strengthen their business base since NPLs
will be offered at reasonable prices that could generate a good business performance for them in the future. As such,
asset management companies have participated in the bidding for those NPLs for further management, leading to
growth in total assets of this business. However, the overall performance of the asset management company business
contracted in 2021, posting a net profit of Baht 4,590 million which plummeted by 40.59% from the net profit of Baht
7,726 million recorded as at September 2020. This probably stemmed from the economy that has not yet fully recovered
due to the COVID-19 pandemic, which has driven down the public’s income earning and result in a relative decline in
overall income of the asset management company business. In the future, however, when the economy tends to pick
up with an expectation that the vaccination and vaccine distribution will help reduce the spread of COVID-19 and allow
the country to be more open, the public’s income generation can then be increased, which will be instrumental in
enabling the overall asset management business to remarkably improve their performance.

Product or service supply
The Company seeks opportunity to purchase the NPLs and NPAs from the domestic financial institutions regularly.
Mostly, the Company purchases NPLs through bidding, and sometimes, the Company acquires NPLs from the financial
institutions directly. The Company also acquire NPAs through bidding the collaterals of NPLs managed by the Company
from the debtors transferring the collaterals/ repayment properties, and purchasing NPAs from the financial institutions
in form of bidding or direct purchase from the financial institutions.

Non-delivered work
- None -