Name of Institution

Sukhumvit Asset Management Co., Ltd. (SAM)

Country

Thailand (THA)

Institution at a Glance:

Sukhumvit Asset Management Co., Ltd (SAM) was established on 18 April 2000 following a cabinet resolution and registered as an asset management company according to AMC act 1998 with the Financial Institutions Development Fund (FIDF) holding 100% share.

On May 7, 2003, Petchburi Asset Management Co., Ltd. (PAMC) who managed NPLs of Siam City Bank was transferred to be operated under SAM, which also took over the continuous responsibility to manage all assets, debts and business obligations of PAMC.

Vision

An asset management company at the national level with a major role in managing and resolving distressed assets of financial institution while adhering to good governance, for the benefit of both economy and the society.

Mission

• Restructure the distressed assets to minimize loss in the proper time.
• Manage NPAs to gain returns in the proper period.
• Build and develop staff to be the asset management experts with good morality.
• Develop asset management system and process to be more effective for organization's sustainable growth.

Company Objectives

• Manage all NPLs transferred from other financial institutions for the benefit of government.
• Acquire or auction for NPLs and NPAs sold by other financial institutions, which will be managed into good loans to reduce NPLs within the country, to limit the financial loss of FIDF to a minimum.
• Help potential debtors, who are intent to pay off their debts, to continue to run their business and profession.
• Look for the opportunities to expand business lines through rendering service to financial institutions and managing distressed loan to investors.

Key Milestones

2000 - SAM was established to receive and manage NPLs from Krungthai Bank (KTB) with Outstanding Principle Balance (OPB) at 13,056 million dollar.
2004 - SAM merged and received assets with Outstanding Principle Balance (OPB) at 4,167 million dollar from Petchburi Asset Management Co., Ltd. (PAMC)
2006 - SAM began to buy NPLs and NPAs from other financial institutions.
2012 - SAM received NPLs and NPA with Outstanding Principle Balance (OPB) at 7,139 million dollar from TAMC.

Shareholders

SAM is 100% owned by Financial Institution Development Fund (FIDF), a subsidiary under Bank of Thailand.

Member Since: 2013

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Key Officer

Tharatporn Techakitkachorn, President

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Contact Us

Sukhumvit Asset Management Co., Ltd. (SAM)
Address: 123 Suntowers Building A, Floor 27-30 Vibhavadee-Rungsit Road, Chompon, Jatujak, Bangkok 10900
Telephone: +66-2-686-1800, +66-2-620-8999, +66-2-610-2222
Fax: +66-2-617-8230-33, +66-2-617-8235, +66-2-617-8244-46
Website: http://www.sam.or.th/