Towards 25th Anniversary

BAM is ready to support the financial institutions systemin the revival of distressed assets to drive Thai economy and society towards sustainable growth.

Non-performing Loans
Income from NPLs in Q2/2024 was up YoY but dropped QoQ. Repayment remained weak while the no. of requests for debt restructuring was not in line with expectations.
Non-performing Assets
Income from NPAs in Q2/2024 dropped YoY but rose QoQ as second-hand property market responded well to our pricing strategy.
Expenses and Others
  • Interest expenses for debentures and borrowings were up.
  • BAM strictly monitored operating expenses.

Collection Proportions 1H/2024

Non-performing Loans
NPLs Collection
Million Baht
NPLs Collection
Non-performing Assets
NPAs Collection
Million Baht
NPAs Collection
2024F
Collection Target
Million Baht
2021 2022 2023 2024F
NPLs 8,719 10,115 8,452 10,000
NPAs 7,276 6,836 6,698 10,000
Total Collection 15,995 16,951 15,150 20,000
Unit : Million Baht Q2/2023 Q1/2024 Q2/2024 %YoY %QoQ 1H/2023 1H/2024 %YoY
Operating Income
Income from Loans Purchased of Receivables (NPLs) 1,246 1,546 1,433 15 (7) 2,505 2,979 19
Income from Sale of Properties for Sale (NPAs) 850 537 794 (7) 48 1,375 1,331 (3)
Other Operating Income 47 59 38 (19) (36) 109 97 (11)
Total Operating Income 2,143 2,142 2,265 6 6 3,989 4,407 10
Operating Expenses 742 680 730 (2) 7 1,426 1,409 (1)
Interest Expenses 723 771 803 11 4 1,416 1,573 11
Total Operating Expenses 1,465 1,451 1,532 5 6 2,842 2,982 5
Profits Before Income Tax and ECL 678 691 733 8 6 1,147 1,425 24
Expected Credit Losses (Additional) 165 173 168 2 (3) 310 341 10
Total Income Tax 88 95 109 24 15 145 204 41
Net Profit 425 423 456 7 8 692 880 27

Note:

  • This abridged version does not show interest income – part of accrued and ECL from loans purchased of receivables.
  • The summation of some figures may not add up due to rounding