Bangkok Commercial Asset Management Public Company Limited, or BAM, has announced a shift in its business model from "buying debt and accelerating collection" to asset management aimed at generating net profit, with a focus on cost control and improving the quality of its debt portfolio, according to disclosures by Dr. Raks Varitkophakorn, Chief Executive Officer. The company aims to keep its asset size at approximately 100 billion to 120 billion baht under an Asset Light strategy, while reducing its cost-to-income ratio and using joint ventures and subsidiaries to distribute the workload, with each having the potential to generate about 100 million baht in profit back to the parent company per year. A key supporting factor is a new debt portfolio worth 10 billion baht from Siam Commercial Bank Public Company Limited, or SCB, which BAM acquired at approximately 20-23% of the debt value and which is expected to generate average accounting net profit of about 500-700 million baht per year over seven years. For its 2026 performance target, BAM expects normal operating profit of approximately 1.2 billion baht, split into about 500 million baht in the first half and about 700 million baht in the second half, with the new 10 billion baht debt portfolio expected to add another 500-700 million baht in profit.
Bangkok Commercial Asset Management Public Company LimitedBAM shifts to an Asset Light strategy targeting net profit, with 2026 normal operating profit of ~1.2 billion baht plus 500-700 million baht from the new debt portfolio.
SCB X Public Company LimitedSCB sold BAM a 10 billion baht debt portfolio at 20-23% of debt value, a transaction involving SCB as the seller.
