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 Q1/2024 increases YoY and QoQ. Debtors’ Repayment tends to improve both from retails and large-sized who postponed their repayments from last year.
Non-performing Assets
Income from NPAs in Q1 2024 increases YoY Average sale price to appraisal: 90%
Expenses and Others
Total Operating Expenses increase mainly from interest expenses on debentures and term loans; however, BAM strictly controls operating expenses to remain stable.
Collection Proportions Q1/2024
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 | Q1/2023 | Q4/2023 | Q1/2024 | %YoY | %QoQ |
|---|---|---|---|---|---|
| Operating Income | |||||
| Income from Loans Purchased of Receivables (NPLs) | 1,259 | 1,468 | 1,546 | 23 | 5 |
| Income from Sale of Properties for Sale (NPAs) | 524 | 623 | 537 | 2 | (14) |
| Other Operating Income | 62 | 59 | 59 | (5) | 0 |
| Total Operating Income | 1,845 | 2,150 | 2,142 | 16 | (0.4) |
| Operating Expenses | 684 | 826 | 680 | (1) | (18) |
| Interest Expenses | 693 | 756 | 771 | 11 | 2 |
| Total Operating Expenses | 1,377 | 1,582 | 1,451 | 5 | (8) |
| Profits Before Income Tax and ECL | 468 | 568 | 691 | 48 | 22 |
| Expected Credit Losses (Additional) | 145 | 29 | 173 | 19 | 497 |
| Total Income Tax | 57 | 80 | 95 | 68 | 19 |
| Net Profit | 267 | 459 | 423 | 59 | (8) |
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