Business Performance
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 Q1/2025 decreased QoQ and YoY. Payment from existing TDR debtors remained stable. Settling with new debtors was challenging.
Non-performing Assets
Income from NPAs in Q1/2025 decreased QoQ and YoY from lower NPAs sale volume.
Expenses and Others
- Interest expenses decreased.
- BAM strictly monitored operating expenses.
- Additional ECL decreased YoY due to less collateral purchased from LED and transfer of collateral from debtors.
Collection Proportions Q1/2025
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 | Q1/2024 | Q4/2024 | Q1/2025 | %YoY | %QoQ | 2023 | 2024 | %YoY |
|---|---|---|---|---|---|---|---|---|
| Operating Income | ||||||||
| Income from Loans Purchased of Receivables (NPLs) | 1,546 | 1,468 | 1,354 | (12) | (8) | 5,225 | 5,870 | 12 |
| Income from Sale of Properties for Sale (NPAs) | 537 | 644 | 392 | (27) | (39) | 2,759 | 2,473 | (10) |
| Other Operating Income | 59 | 104 | 100 | 69 | (3) | 226 | 263 | 16 |
| Total Operating Income | 2,142 | 2,215 | 1,846 | (14) | (17) | 8,210 | 8,606 | 5 |
| Operating Expenses | 680 | 790 | 635 | (7) | (20) | 3,029 | 2,914 | (4) |
| Interest Expenses | 771 | 834 | 813 | 5 | (3) | 2,908 | 3,231 | 11 |
| Total Operating Expenses | 1,451 | 1,624 | 1,448 | (0.2) | (11) | 5,937 | 6,146 | 4 |
| Profit Before Income Tax expenses and ECL | 691 | 591 | 398 | (42) | (33) | 2,273 | 2,460 | 8 |
| Expected Credit Loss (Additional) | 173 | (26) | 126 | (27) | 585 | 430 | 511 | 19 |
| Total Income Tax | 95 | 94 | 55 | (42) | (41) | 309 | 347 | 12 |
| Net Profit | 423 | 523 | 217 | (49) | (59) | 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