20 Jan 2020
BAM opened Phuket Office to accommodate debt restructuring/property sales business.

BAM opened Phuket Office to accommodate business expansion and provide fully-fledged debt restructuring and property sales services for customers, pointing out that branch offices form a strong business development network that can reach out to target groups and is well acquainted with local communities.

Today (January 20, 2020), BAM was honored by M.R. Pridiyathorn Devakula, former Deputy Prime Minister and former Finance Minister, to preside over the opening ceremony of a new regional office located at address No. 5/5 and 5/11 Moo 8, Chalong Sub-District, Mueang Phuket District, Phuket Province. The said official opening ceremony of Phuket Office was also attended by Mr. Pichet Panapong, Deputy Governor of Phuket, Mr. Bunyong Visatemongkolchai, Chairman of the Executive Board, Mr. Somporn Moonsrikaew, BAM President, BAM Management Team, the Mayor of Chalong Sub-District Municipality, distinguished guests and members of the media.

Mr. Bunyong Visatemongkolchai, Chairman of the Executive Board of Bangkok Commercial Asset Management Plc. (BAM), said that BAM has engaged in management of distressed assets in the financial sector and revival of property business. Throughout the period of our operation, BAM has experienced ongoing business growth. Apart from laying down strategies for efficient management of NPLs and NPAs and modernizing our operating systems and technologies, it has been one of our business development plans to expand and renovate branch offices in all parts of the country, which currently consist of the headquarters and 26 branch offices. After this official inauguration, Phuket Office will be responsible for BAM properties and customers in Phuket and such neighboring provinces as Krabi and Phang Nga.

Branch offices serve as a strong business development network as they can reach out to target groups and are well acquainted with local communities and market environment. They have devised plans for continuous sales campaigning throughout the year, especially via an exhibition booth which is an effective way to build a customer base and access the target groups.

As the Andaman center, Phuket offers an infrastructure that is ideal for investment. Based on its economic development information, there are plans for consistent trade and business expansion and growth in all aspects, notably in the high-potential services and tourism sectors. Aspiring to become a world-class tourism hub, Phuket has expedited the development of its mass transit systems to cater to international visitors. Among them is the tramway development project with its route ending at Chalong Sub-District, which will accommodate investments and, thus, help to boost demand for either commercial or residential properties in this area.

“BAM possesses a whole lot of reasonably-priced properties of all types located in prime areas which can provide opportunities for investors or the public to have their own residences or business premises. At the same time, debtors can restructure their debts as BAM will assist the honest debtors in restoring their credit and retrieving back their properties. BAM is ready to play a part in pushing for the economic development plans to lead Phuket towards future prosperity,” said Mr. Bunyong.

On this occasion, BAM has made money donations to Phuket Sunshine Village Foundation, the SOS Children’s Villages Thailand Foundation under the Royal Patronage of Her Majesty the Queen, and Phuket Social Welfare Development Center for the Elderly.