BAM reveals 2024 plan to expand asset portfolio by 70 billion.

Bangkok, BAM reveals strategy for 2024, highlighting both business expansion strategies. Run a new business To create collections that reach the target of 20,000 million baht, along with accelerating the expansion of the asset base by an additional 70,000 million baht, creating business opportunities. Points out that in the past, they were able to help 154,178 debtors reach a settlement, representing a principal debt of 479,650 million baht. Mr. Bandit Anantamongkol, Chief Executive Officer, Asset Management Company Bangkok Commercial Public Company Limited (BAM) said about its operational strategy for 2024 that BAM has set a business strategy to create collections in line with the 2024 target of 20,000 million baht and has a medium-term target for 2026. at 23,300 million baht, while expanding the asset base with the goal of investing in purchases worth 70,000 million baht of outstanding principal in order to maintain the size of BAM's assets and business opportunities. Currently, BAM has NPLs of 473,636 mi llion baht and NPAs of 69,807 million baht. At the same time, BAM was able to help debtors reach resolutions from solving their debt problems for 154,187 persons, representing a principal debt of 479,650 million baht, and was able to sell 51,420 items of property, representing an appraised value of 121,378 million baht. As for the proactive strategy to achieve success as planned, it consists of Business Expansion using a strategy to increase the efficiency of Clean Loan management by categorizing Clean Loan debtors into 2 groups: the self-managed group and the self-managed group. with a group that has outside lawyers/Collectors manage it in order to reduce debt collection time Including the implementation of a joint venture project (Consortium), which is currently in negotiations with 2-3 real estate developers. Initially, BAM will select project assets. to set standard conditions Including the designation of an agency to take care of the said project. While conducting a new business (New Business), setting guidelines for joint ventures with financial institutions in which BAM will receive management fees in proportion to a mutual agreement. Generating income from fees By developing a system for surveying and evaluating property prices to generate income from fees for such operations (Medium-term plan) Developing a Pricing Model with Selective Investment to purchase and transfer assets at appropriate prices and maintaining its main role as a monkey cheek to support NPL/NPA to help revive the country's economic system. Including improving operational efficiency with a plan to reduce steps and time in the legal process. Property appraisal process Including improving work processes to be flexible. as well as improving various regulations/orders for flexibility in operations In addition, BAM has prepared to build personnel by developing their potential to support the future. Capability Development by creating a successor and talent development plan and developing Core Capability. However, BAM is also aware of drivi ng the organization towards sustainability, which BAM has received. Evaluating sustainable stocks "SET ESG Ratings" for 2 years in a row and having an evaluation result at the level of "AA", reflecting that BAM has raised the level of operations and sustainability reporting under the ESG framework, including BAM has also introduced the concept Sustainability is part of the business process. We are also ready to deal with social and environmental change factors and give importance to stakeholders in every sector in a balanced manner Mr. Phongsathorn Maneepim, Deputy Chief Executive Officer Regional Asset Development Division said BAM has branch offices covering the country. Our network of regional offices allows us to reach customers and provide comprehensive customer service. Most of the employees in branch offices are local people. It gives you an understanding of the market conditions in that area. and understands the needs of customers very well This is beneficial to BAM in reaching the target market and also makes it possible to more accurately assess the price of assets in the process of determining the purchase price of distressed assets and foreclosed assets. It also has the ability to adjust to market conditions as appropriate. It may change branch office locations and change geographic strategies. Including the transfer of knowledgeable and capable employees to work in different areas. in accordance with the volume of transactions occurring This makes branch offices an important part that will help drive BAM's operating results to success. It allows for efficient tracking and management of non-performing assets and foreclosed assets. Dr. Thanakorn Wangpipatwong Deputy Chief Executive Officer Information and Digital Department said that at present BAM has accelerated the creation of a customer service system on the Online Platform with a payment system and E-TDR (online debt restructuring) by creating the BAM Mobile Application, a property reservation/payment system. and debt monitoring/debt payment sys tem Including data management DATA Management Dashboard by creating a central data center (DATA Center) to be able to use the organization's important data and various reports. from the same source which creates a large data warehouse To become a Data Driven Organization and be a decision-making tool for effective management At the same time, we have also implemented a Lead Management system that will help collect information on target groups interested in BAM's products and debtors who want to know basic information before entering into debt restructuring to contact or register. To create opportunities to close sales or the opportunity for debt restructuring with the debtor increases Along with preparing to use AI to help analyze debtors Makes it possible to classify debtors into different groups To find guidelines for appropriate management.? Source: Thai News Agency