Page 27 - BAM ONE REPORT 2565 (ENGLISH VERSION)

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Form 56-1 One Report 2022

The training and development courses are aimed at such non-performing loans. It is performed through the
enhancing efficiency in working, business management, and approach management method for the non-performing loans
personnel management and bridging the gap to ensure work such as negotiating with debtors and enhancing effectiveness
efficiency. They include courses required by laws, in-house of the internal operations to reduce time of the transfer of
and off-premises training, and corporate training. In the wake non-performing loan collateral to be the non-performing
of the COVID-19 pandemic in the past year, the Company assets. The Company sets up a team having knowledge and
has shifted towards more online training to ensure the expertise in the legal processes related to the enforcement
employees are always prepared for continuous learning. of collaterals in Thailand to enhance effectiveness and
quicken the internal process pertaining to the enforcement
In addition, the Company has a succession plan and of the non-performing loans. Such method includes following
personnel development plan in preparation for any retired up the status of non-performing loans and preparing relevant
executives in the future by selecting qualified candidates who documents for proceedings in the courts.
are ready for promotion to the executive positions and providing
them with additional capability development to enhance Furthermore, the Company organizes the project “Be
their competence. Employees at different levels are also happy with a home return” with aims to give opportunity to
rotated so that they could gain diverse working experience the debtors that have not been ordered for receivership to
and be well prepared for assuming executive positions in be able to redeem the collaterals of their houses. The
the future. principal amount shall not exceed 10.0 million baht by selecting
one-time payment within 90 days or instalments within 20
(3) Expanding the asset base years at rate of 80.0% of the appraised price according to the
The Company has built up partner networks with company’s principles. Such project’s principles and conditions
financial institutions in Thailand to keep updated of their shall be applied to have a chance to increase customers
asset sale offers as they have regularly put for sale their NPLs being the non-performing loans, entering into a debt restructuring
and NPAs in order to expand its asset base. In the long run, or composition agreement for home loan and/or personal
the Company aims to sustainably grow its asset base to the loan with collaterals as a house. This is to maintain constancy
extent as allowed by market conditions, asset volume and of charges of the company. Furthermore, the Company organizes
asset price appropriateness. other projects to help the debtors continuously such as
Project “BAM Chuai Lod Puea Plod Nee Kasedtakon” with
Under normal situations, the Company believes that aims to help agriculturists debtors who can pay the debt at
financial institutions will continuously put their NPLs and NPAs rate of 80% of the appraised value, but not more than 100%
for sale as a result of certain factors including the Bank of of the principal by selecting one-time payment within 90
Thailand (BOT)’s regulation regarding possession of NPLs and days or instalments within 10 years. However, that must not
NPAs of financial institutions. However, during the COVID-19 exceed the execution period. The company also organizes a
pandemic, the BOT has launched packages of relief measures project “BAM Chuai Fuen Khuen Turakij” with objectives to
to assist affected debtors. This is likely to affect debt classification give an opportunity to debtors of the company including
and delay recognition of NPLs, leading to less opportunity natural persons and juristic persons that have not been
for the Company to find/acquire NPLs and NPAs. ordered for receivership and do not have other properties to
settle debts with principle amount not exceeding 20.0 million
(4) Reduce operating time and increase cash Baht. The payment can be one-time payment within 90 days
collection of the company or instalments within 10 years at rate of 80.0% of the
The Company emphasizes reducing the operating time appraised price according to the principle of the Company.
and process from the date the Company obtains non-performing However, such project is under conditions specified by the
loans until the day the Company receives return as cash from Company.