Bangkok: BAM's first-half performance in 2025 has resulted in a profit of 1,511 million baht, as the company prepares for an ambitious business expansion.

According to Thai News Agency, BAM's collections for the first half of the year reached 10.154 billion baht, marking a 36% increase from 2024. The second quarter alone saw collections rise by 118% from the first quarter, contributing to a 72% increase in profit compared to the same period last year.

Dr. Rak Vorakitpokathorn, CEO of Bangkok Commercial Asset Management Public Company Limited (BAM), highlighted the company's strategic focus on non-performing loans (NPL) and non-performing assets (NPA). The NPL strategy aims to assist debtors in reclaiming their homes or farmland through debt restructuring, while the NPA strategy involves partnerships with real estate companies and financial institutions to develop and add value to large-lot assets. BAM's efforts resulted in the sale of 1.45 billion baht worth of vacant land in Chiang Mai.

For the remainder of 2025, BAM plans to implement the "Stronger Together" approach, transforming its business model to offer more opportunities for NPL debtors. This includes the TDR Factory strategy and collaboration with the National Credit Bureau Co., Ltd. and the Bank of Thailand for new debtor code assignments. BAM will also work with developers to flip NPAs and sell to targeted customer bases.

Additionally, the pre-owned home market is improving, prompting BAM to launch the "Sarap Mahachon" project to provide affordable housing options. This initiative allows payments directly to BAM or through partner financial institutions offering special loan terms. BAM's strategy is designed to achieve a collection target of 17.8 billion baht, with current management of 91,009 NPLs and 28,043 NPAs, valued at 487.117 billion baht and 77.812 billion baht, respectively.