Bangkok: Tris Rating has affirmed the credit rating of Bangkok Commercial Asset Management Public Company Limited (BAM) at A-, reflecting its position as the largest asset management company in Thailand. BAM reported increased revenue of 17.9 billion baht, highlighting its market leadership.
According to Thai News Agency, Dr. Rak Vorakitphokathorn, CEO of BAM, announced that TRIS Rating has maintained BAM's credit rating at A-. The company showed strong growth in 2025, with collections rising to 17.9 billion baht from 15.2 billion baht in 2024. This performance led to a net profit increase to 1.8 billion baht, marking a 13% rise compared to the previous year.
BAM's business position remains robust, supported by its status as the largest asset management firm in Thailand with a market share of approximately 45% based on asset size in 2025. The company managed total assets amounting to 130 billion baht out of a total asset size of 136 billion baht.
The company's strength is attributed to over 27 years of industry experience, a comprehensive database, expertise in asset valuation, and long-term relationships with financial institutions and related agencies. These factors continue to support BAM's competitiveness in the market.
Dr. Rak also addressed the "Negative" credit rating trend, outlining BAM's strategy to achieve a "Stable" credit rating outlook. This involves increasing collection volume from Non-Performing Loans (NPLs) through borrower segmentation and rapid approval processes. For Non-Performing Assets (NPAs), direct sales, new product launches, marketing campaigns, and partnerships are planned. BAM's "three-pronged" strategy aims to navigate economic challenges.
The first key element focuses on intensive NPL and NPA management, including setting competitive prices, reducing the NPA holding period, and accelerating the cash conversion cycle. The second element involves investing in future systems, complemented by an e-Marketplace. The third strategy emphasizes building talent by creating Hybrid Talent.
This strategic approach is expected to help BAM achieve its objectives and sustain growth in its performance.