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33. Related party transactions

33.1 Nature and relationships

For the purposes of the preparation of the financial statements, related persons or parties of
the Company are persons or parties over which the Company has both direct or indirect
control or significant influence with respect to their financial and managerial decisions, or

which are under common control or significant influence with the Company. Such
relationships may be on an individual basis or a corporate basis. When considering each
Bangkok Commercial Asset Management Public Co., Ltd.
related party transaction, the Company focuses more on the substance of the relationship
than its legal form.

Relationships between the Company and related parties are as follows:

List of related entities Relations with the Company

Financial Institutions Development Fund Major shareholder
Krungthai Bank Plc. Common shareholders

Krungthai-AXA Life Insurance Plc. Common shareholders
Krungthai Panich Insurance Plc. Common shareholders

Bahoma Co., Ltd. Related company
Sahathorn Co., Ltd. Related company

Big SPV Co., Ltd. Related company
Ariyawit Co., Ltd. Related company

33.2 Outstanding balances and significant transactions with related parties

During the years, the Company had significant business transactions with related parties.

Such transactions were in the ordinary course of business and were concluded on commercial
terms and bases agreed upon between the Company and those related parties. A summary
of related parties transactions is below.

(Unit: Million Baht)
For the years ended 31 December

2022 2021 Pricing policy
Common shareholders
Interest expenses 170 169 As in the prospectus or as mutually agreed
Related company

Dividend income 96 13 As mutually agreed
Related persons
Interest expenses 1 1 As in the prospectus or as mutually agreed

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