Page 139 - BAM ONE REPORT 2565 (ENGLISH VERSION)

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Form 56-1 One Report 2022

General Information

Bangkok Commercial Asset Management Public Company Limited (Company or BAM) has an essential target
to drive the economy by correcting non-performing loans (NPLs) of the financial institutions to add values of the
non-performing loans with better quality and higher values that they can be circulated in the economic system. The
Company’s main operations are as follows
• Attend the bidding for non-performing loans “NPLs” by engaging in the management and restructuring
debts based on the negotiation for composition.
• Arrange a guideline for managing the number of non-performing assets “NPAs” to be effective and
comprehensive with a strategy of improving the assets to be in good an available condition that they are more
needed in market places and can be distributed to third parties.

After the Company accepts the purchase and transfer of NPLs from different financial institutions, the company
will make a letter of invitation to debtors to negotiate for debt restructuring based on cooperation. It is considered
from solvency of the debtors to find the best solution for highest benefits of both parties. Nevertheless, the Company
also gives an opportunity to debtors to negotiate for composition although they are in the middle of a lawsuit so that
the debtors can return to the economic system as normal.

The Company has various kinds of NPAs dissipated nationwide such as empty lands, hotels, factories, commercial
buildings, residential units, detached houses, townhouses etc. that the company accepts the transfer from 1) debtors
transferring property for debt settlement, 2) auction of the Legal Execution Department and 3) the financial
institutions. When the company receives the transfer of NPAs ownership, it will hurriedly proceed with provision of
details and registration of NPAs control as well as survey and inspect the property’s condition to collect data. After
that, the company will raise awareness to public by attaching a notice at the property’s location, a booth, or advertise
the information through both online and offline media such as publications, TV, radio, billboard as well as
website www.bam.co.th, and communication through social media of BAM.

Nevertheless, the Company manages and improves NPAs such as maintaining and repairing them to be in a
sellable condition with no depreciation, paying other expenses related to the properties, as well as hiring a security
guard as it sees fit. The company determines a guideline for managing NPAs by type of the properties including plain
area, highland, empty land, and property for investment such as unfinished projects and properties with high value,
suitable for major investors for further development. Such code of management can enhance expertise and
management of each property type. For NPAs that cannot be sold, the company will manage them by considering
the lease of some properties as it sees fit to earn revenue and decrease the opportunity cost and expenses upon
possession. Meanwhile, it is to prevent degeneration of the properties and hostile possession or trespassing.