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 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