Page 63 - BAM ONE REPORT 2565 (ENGLISH VERSION)

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Form 56-1 One Report 2022

Asset management company’s business
In view of the gradual recovery of the overall economy in conjunction with the government’s corrective measures
on NPLs, NPLs in the financial sector have been on a decline despite remaining at a high level. According to the Bank
of Thailand, as of September 2022, NPLs in the financial institution sector amounted to 502,686 million Baht, a 5.29%
contraction from 530,736 million Baht in 2021. The downward trend of NPLs in the financial institution sector can be
shown in the chart below:

20,000,000 3.2
Baht million 18,000,000
% 3.1
16,000,000
14,000,000 3
12,000,000
2.9
10,000,000
2.8
8,000,000
6,000,000 2.7
4,000,000
2.6
2,000,000
0 2.5
2020 2021 As at Sep 2022
Gross NPL (Baht million) 523,261 530,736 502,686
Total loans (Baht million) 16,813,847 17,860,387 18,190,510

Gross NPL/total loans (%) 3.11 2.97 2.76
Source: Bank of Thailand

NPLs in the financial institution sector tends to ease despite still remaining at a high level. However, this provides
good opportunities for asset management companies since financial institutions will likely sell out those NPLs in order
to maintain their performance at an appropriate level in line with the economic conditions.

From the above-mentioned trend, the overall picture of asset management company business, based on the
data from the Bank of Thailand, can be shown in the below table: