07 Apr 2020
BAM permits Phetchabun Province to use its NPA as a field hospital and donates Baht 2.5 million to five public hospitals to cope with the COVID-19 situation.

BAM joins in combating the COVID-19 pandemic by allowing Phetchabun Province to deploy its NPA as a cohort ward and donating Baht 500,000 to the province to procure portable ventilators and other relevant medical equipment, while also intending to donate another Baht 2,500,000 to five public hospitals to purchase medical equipment to cope with the COVID-19 outbreak.

Mr. Somporn Moonsrikaew, President of Bangkok Commercial Asset Management Plc. (BAM), said that, amid the COVID-19 crisis which has hard hit the public’s living conditions and the country’s overall economy, BAM is concerned about social problems and stands ready to help the country fight the crisis. Today (April 7, 2020), BAM is delighted to allow Phetchabun Province to use and modify Mueang Phet Hospital building, which is the Company’s NPA and would otherwise be put up for auction in this April 2020, as a cohort ward to provide lifesaving assistance for a large number of patients stricken by the COVID-19 spread. Phetchabun Province is prepared to have such field hospital open for service immediately when an emergency arises. Apart from allowing such property to be used free of charge for the government and public services, BAM has donated Baht 500,000 to the province to procure portable ventilators and other relevant medical equipment. Mr. Suebsak Iamwicharn, Phetchabun Governor, received the donation.

To further support the fight against the said pandemic, BAM intends to donate another Baht 2,500,000 to five public hospitals each of Baht 500,000, namely Siriraj Hospital, King Chulalongkorn Memorial Hospital, Rajavithi Hospital, Ramathibodi Hospital and Bamrat Naradun Hositpal, to purchase portable ventilators, medical equipment and processes for treatment of COVID-19 patients.

In addition, BAM has recently issued relief measures to assist its debt restructuring customers and customers purchasing NPAs with installment payments who have been hit by the COVID-19 situation such that they have become less able or unable to repay their debts for the time being. They may choose one of the three measures which most fits with their debt servicing capability, comprising 1) suspension of principal and interest payments for three months; 2) suspension of principal and interest payments for three months and, after that, suspension of principal repayments for another three months (payment of interest only); and 3) suspension of principal repayments (payment of interest only) until the December 2020 installment. Customers eligible for such debt moratorium programs must be those affected by the COVID-19 pandemic, including customers undergoing debt restructuring with BAM, both retail and SME customers, and customers purchasing NPAs with installment payments to BAM.

Customers can submit their request for debt moratorium no later than May 31, 2020 and BAM will decide on the most suitable option for each customer. For more information, please contact our call center at 02-630-0700, BAM Head Office, Don Mueang Office and branch offices nationwide, or via FB: Bam Thailand, FB: Online Debt Compromise Center by BAM, and Line: @bamline.

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