BAM Partners with Leading Real Estate Giant Siamese Asset
To Provide Comprehensive NPL and NPA Management Services, Strengthening Business Synergies and
Enhancing Asset Value
BAM Expands Strategic Footprint through Partnership with Leading Thai Real Estate Developer “Siamese Group” BAM joins forces with Siamese Group, a top-tier real estate developer and asset management business in Thailand, to strengthen their mutual business capabilities in both NPL (Non-Performing Loans) and NPA (Non-Performing Assets). This collaboration aims to enhance asset value and drive forward BAM’s core strategy of building strong business alliances for sustainable success.
In addition, the collaboration also encompasses the management of Non-Performing Loans (NPLs), making this agreement a significant step toward enhancing business strength and capabilities. It represents the synergy of professionalism and expertise from all three organizations, with the shared goal of driving sustainable growth.
Currently, BAM manages over 91,000 non-performing loan (NPL) accounts, with a total outstanding debt value exceeding 498 billion baht. In addition, the company holds more than 24,000 non-performing assets (NPAs) with a combined appraised value of over 74 billion baht. Mrs. Sunanta Singsansern, Co-Chief Executive Officer of Siamese Asset Public Company Limited (SA), stated that this collaboration with BAM will serve as a key driver enabling SA and Siamese and Wealth Asset Management Co., Ltd. (SWAM) to accelerate and enhance the efficiency of property development projects.
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