Bangkok Commercial Asset Management Public Company Limited, or BAM, has announced the extension of its "New Start with BAM" programme, under the concept "A way out of debt for a life that can move forward", to 30 December 2026, from its previously scheduled end in September 2026, as the programme has received an excellent response and proven highly successful. Dr. Raks Vorakitpokatorn, Chief Executive Officer of BAM, disclosed that the programme aims to help retail debtors manage their debt burden and regain their financial footing, with repayment approaches suited to each individual's capacity. There are two forms of assistance. In the account-closure case, debtors can settle their debt at a rate of no less than 70% of the outstanding principal within 60 days from the date of approval, with no interest charged. In the instalment case, debtors can pay monthly instalments with a 0% interest rate for the first three years and can take up to 10 years to repay. Dr. Raks said this extension of the programme builds on the assistance already provided so that many more debtors have the opportunity to come in, talk, negotiate, and jointly find a suitable way out, because for BAM resolving debt is not merely managing numbers in an account, but helping one person or one family have the chance to start their financial life anew.
Bangkok Commercial Asset Management Public Company LimitedBAM extends its 'New Start with BAM' debt-restructuring programme to 30 Dec 2026 after an excellent response, drawing more debtors into its settlement/instalment offerings.
