Bangkok: Bangkok Commercial Asset Management Public Company Limited (BAM) is advancing its "proactive debt resolution plan" to assist debtors in regaining liquidity and reclaiming their homes or farmland. This plan involves a recycling machine, expanding the debt resolution factory (TDR Factory), and collaborating with financial institutions through the NPL Partnership - JV Window - contract management model, aiming for a quicker and more sustainable recovery for debtors. BAM highlights its notable nine-month performance, with collections exceeding 13.803 billion baht and profits rising to 1.695 billion baht.
According to Thai News Agency, Dr. Rak Worakitpokathorn, Chief Executive Officer of BAM, emphasized that debt restructuring is a critical corporate mission. BAM is committed to offering "lenient conditions" to return collateral to retail debtors and restructuring business debt to maintain stable operations. Currently, BAM manages 90,150 non-performing loans (NPLs), with a total debt burden of 491.912 billion baht.
Despite economic fluctuations, BAM reported strong performance in the first nine months of 2025, generating collections of 13.803 billion baht, reflecting a 27% increase year-on-year, and a profit of 1.695 billion baht, a 57% increase, surpassing the 1.602 billion baht profit for the entire year of 2024. Dr. Rak attributed this success to a proactive strategy for managing both NPLs and NPAs and expanding collaboration with partners across various sectors.
On the non-performing assets (NPA) front, BAM is advancing asset value creation by partnering with companies such as V Beyond Development, Siamese Asset, Bangkok Asset Intergroup, and Ornsirin Group, as well as financial institutions like UOB, Bangkok Bank, and the Government Housing Bank.
BAM has selected Big Lots assets, including detached houses, commercial buildings, condominiums, and vacant land, for partners to develop, increase value, reduce ownership burdens, and generate long-term income. BAM currently holds 28,287 NPAs, with a total appraised value of 78.569 billion baht.
The "Public Assets" project, initiated on October 1, 2025, has received positive feedback. Payments can be made directly with BAM or through financial institutions offering special loan terms. Sales have reached 302 million baht to date, with a target of 500 million baht expected to be met by December.
Dr. Rak stated that to enhance the organization's competitiveness, BAM is focusing on development in three key areas: developing a new business model to address business challenges, improving work process efficiency to reduce costs and increase flexibility, and upgrading personnel through the HR Master Plan and modernizing the organizational structure.
This approach is set to establish BAM as a sustainable "BAM X." BAM recently launched the BAM Choice app, which facilitates debt management, restructuring, status checking, and searching for NPA assets nationwide, thus making access to BAM's information and services more convenient and accessible in one app.