Business Performance
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 Q3/2024 was up YoY. Repayment improved from the recovery of business sectors and economic stimulus measures.
Non-performing Assets
Income from NPAs in Q3/2024 decreased YoY and QoQ due to the slowdown in demand in property market and the strictness of lending by financial institutions.
Expenses and Others
- Interest expenses for debentures and borrowings were up.
- BAM strictly monitored operating expenses.
Collection Proportions 9M/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 | Q3/2023 | Q2/2024 | Q3/2024 | %YoY | %QoQ | 9M/2023 | 9M/2024 | %YoY |
|---|---|---|---|---|---|---|---|---|
| Operating Income | ||||||||
| Income from Loans Purchased of Receivables (NPLs) | 1,252 | 1,433 | 1,423 | 14 | (1) | 3,757 | 4,402 | 17 |
| Income from Sale of Properties for Sale (NPAs) | 761 | 794 | 498 | (35) | (37) | 2,136 | 1,829 | (14) |
| Other Operating Income | 58 | 38 | 62 | 7 | 63 | 167 | 159 | (5) |
| Total Operating Income | 2,071 | 2,265 | 1,983 | (4) | (12) | 6,060 | 6,390 | 5 |
| Operating Expenses | 777 | 730 | 714 | (8) | (2) | 2,204 | 2,124 | (4) |
| Interest Expenses | 736 | 803 | 824 | 12 | 3 | 2,152 | 2,397 | 11 |
| Total Operating Expenses | 1,513 | 1,532 | 1,538 | 2 | 0.4 | 4,355 | 4,521 | 4 |
| Profits Before Income Tax and ECL | 558 | 733 | 444 | (20) | (39) | 1,705 | 1,869 | 10 |
| Expected Credit Losses (Additional) | 90 | 168 | 196 | 117 | 17 | 401 | 537 | 34 |
| Total Income Tax | 84 | 109 | 49 | (42) | (55) | 229 | 253 | 10 |
| Net Profit | 383 | 456 | 199 | (48) | (56) | 1,075 | 1,079 | 0.4 |
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