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 Q4/2024 was up QoQ. Repayment improved due to expedited enforcement of cases.
Non-performing Assets
Income from NPAs in Q4/2024 increased YoY and QoQ because of marketing campaigns, and “special price” promotion that had been launched to boost sales during the slowdown in demand in property market and amid the strictness of lending by financial institutions.
Expenses and Others
- Interest expenses for debentures and borrowings were up.
- BAM strictly monitored operating expenses.
- ECL had been reversed due to over-recognition from previous quarters.
Collection Proportions 2024
Non-performing Loans
NPLs Collection
Million Baht
NPLs Collection
Non-performing Assets
NPAs Collection
Million Baht
NPAs Collection
2025F
Collection Target
Million Baht
| 2022 | 2023 | 2024 | 2025F | |
|---|---|---|---|---|
| NPLs | 10,115 | 8,452 | 8,630 | 10,800 |
| NPAs | 6,836 | 6,698 | 6,531 | 7,000 |
| Total Collection | 16,951 | 15,150 | 15,161 | 17,800 |
| Unit : Million Baht | Q4/2023 | Q3/2024 | Q4/2024 | %YoY | %QoQ | 2023 | 2024 | %YoY |
|---|---|---|---|---|---|---|---|---|
| Operating Income | ||||||||
| Income from Loans Purchased of Receivables (NPLs) | 1,468 | 1,423 | 1,468 | 0 | 3 | 5,225 | 5,870 | 12 |
| Income from Sale of Properties for Sale (NPAs) | 623 | 498 | 644 | 3 | 29 | 2,759 | 2,473 | (10) |
| Other Operating Income | 59 | 62 | 104 | 75 | 67 | 226 | 263 | 16 |
| Total Operating Income | 2,150 | 1,983 | 2,215 | 3 | 12 | 8,210 | 8,606 | 5 |
| Operating Expenses | 826 | 714 | 790 | (4) | 11 | 3,029 | 2,914 | (4) |
| Interest Expenses | 756 | 824 | 834 | 10 | 1 | 2,908 | 3,231 | 11 |
| Total Operating Expenses | 1,582 | 1,538 | 1,624 | 3 | 6 | 5,937 | 6,146 | 4 |
| Profits Before Income Tax and ECL | 568 | 444 | 591 | 4 | 33 | 2,273 | 2,460 | 8 |
| Expected Credit Losses (Additional) | 29 | 196 | (26) | (190) | (113) | 430 | 511 | 19 |
| Total Income Tax | 80 | 49 | 94 | 18 | 92 | 309 | 347 | 12 |
| Net Profit | 459 | 199 | 523 | 14 | 163 | 1,534 | 1,602 | 4 |
Note:
- This abridged version of FS in equity method 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