Corporate Overview
Learn about BAM, a leading organization in fully integrated asset and loan management business.
Learn about BAM, a leading organization in fully integrated asset and loan management business.
BAM's growth and development journey since day one.
1998
Bangkok Commercial Asset Management Co., Ltd. (“BAM” or “the Company”) was established under the financial institution development plan devised by the Ministry of Finance pursuant to the Cabinet’s resolution dated 14 August 1998 to manage distressed assets of Bangkok Bank of Commerce Plc. (“BBC”).
1999
BAM was registered as a limited company pursuant to the Civil and Commercial Code with an initial registered capital of 54,700 million baht, comprising 547 million shares each of 100 baht par value, and with Bangkok Commerce Plc. (formerly known as BBC) owning 99.99% of its total shares.
BAM was approved by the Bank of Thailand to operate as an asset management company under the Emergency Decree on Asset Management Company B.E. 2541.
BAM registered a capital decrease from a par value of 100 baht per share to 25 baht per share for appropriate financial structure, resulting in its remaining registered capital of 13,675 million baht, comprising 547 million shares each of 25 baht par value) according to the unanimous resolution of the Company’s annual general meeting of shareholders no. 1 on 7 July 1999, by gradually returning 41,025 million baht from the capital decrease to its shareholders until completion on 31 August 2006.
2002
The Company registered for an extension of its scope of business to managing distressed assets of other financial institutions and operating as a debt collection agency pursuant to the Emergency Decree on Thai Asset Management Corporation B.E. 2544, as well as providing custodial services for assets, asset transfer documents, and all other relevant documents.
2005
The Cabinet resolved for Financial Institution Asset Management Corporation (“FIAMC”) to transfer its core assets comprising all investments in distressed assets and investments in securities to BAM, as well as have BAM accept transfer of employees from FIAMC on a voluntary basis. The merger helped strengthen the organization due to the harmonization of both organizations’ human resource and work system potential.
2015
The Company registered its transformation into a public company in the name of Bangkok Commercial Asset Management Public Company Limited, headquartered at No. 99 Surasak Road, Silom, Bang Rak, Bangkok, to engage in purchasing or receiving transfer of NPLs and NPAs for management or for further disposal or transfer.
2019
The Company initiated the IPO and registered the change of its paid-up capital with the Department of Business Development. As a result, the Company’s paid-up capital was at Baht 15,075 million; whereas FIDF reduced its shareholding ratio in the Company from 99.99 percent to 41.9 percent. Therefore, the Company was now fully a private limited company. Additionally, the Company’s shares were traded for the first time in the Stock Exchange of Thailand (“SET”) under the abbreviation of “BAM”.
2024
Ari-AMC was established as a limited company, operating as a 50:50 joint venture between BAM and GSB.
Ari-AMC was granted an AMC License by the Bank of Thailand.
Arun-AMC was established as a limited company, operating as a 50:50 joint venture between BAM and KVISION.
Arun-AMC was granted an AMC License by the Bank of Thailand.
BAM is committed to moving forward as a leader in asset management with management and service innovations that well cater to demand of Thai customers and society to ensure sustainable opportunities for all.
Driven by quality personnel with expertise and attention to all services.
Level up management with innovation to enhance efficiency and transparency.
Apply technology and innovation to cope with changes and uplift management with innovation for higher efficiency and transparency.