Page 222 - BAM ONE REPORT 2565 (ENGLISH VERSION)

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Connected Transactions

The Company’s transactions with related persons in the accounting year ending as of 31 December 2021
and the accounting year ending as of 31 December 2022, as approved by the audit committee meeting No. 3/2022
on 25 February 2022, and No. 3/2023 on 23 February 2023, respectively, can be summarized as follows

Transaction value (million baht)
Bangkok Commercial Asset Management Public Co., Ltd.
Related person/ Year ending as of Year ending as of

juristic person Relationship Transaction 31 Dec 2021 31 Dec 2022 Necessity and Rationale Opinions of the audit committee
1. Krungthai Bank Public • The company and Krungthai Bank Public 1.1 Debenture-related transaction • The company offered debentures • Such a transaction was a financial
Company Limited Company Limited have a common major • debenture to institutional investors and/or aid program of the Company. The
shareholder which is the Financial - Beginning 1,093.0 853.8 High Net Worth Investors to offer price and interest rate of
Institution Development Fund - Increase 745.8 750.0 manage liquidity of the company. debentures were the same offer
(Development Fund). As of 31 December - Decrease (985.0) (333.8) They were non-subordinated price and interest rate as the
2022, the Development Fund holds - End 853.8 1,270.0 debentures with identification of Company offered to other
45.8%, shares in the Company and holds • Interest expense 23.0 22.8 the holders’ name, without subscribers who were third parties.
shares of Krungthai Bank Public company • Interest payable 10.6 7.8 security. There is not an agent for • The audit committee considered it
Limited at 55.1% the debenture holders. The and realized that such transaction
debenture issuer had rights to was suitable and reasonable.
redeem the debentures before
due (depending on type of
debenture)
• As of 31 December 2022, Krungthai
Bank Public Company Limited
held debentures for 1,270,000
units, with a par value of 1,000
Baht as follows

 No.1/2017 on 23 June 2017
- Series No. 4, 7-year term, with
Maturity Date on 23 June 2024,
and fixed interest rate at 3.64%
per year, for 50,000 units.
 No.2/2017 on 08 September 2017
- Series No. 3, 6-year term, with
Maturity Date on 8 September
2023 and fixed interest rate at
3.44% per year, for 195,000
units.