TMBThanachart Bank Public Company Limited and its Subsidiaries (Formerly TMB Bank Public Company Limited and its Subsidiaries) Notes to the financial statements For the year ended 31 December 2021 84 Bank only 2020 Beginning balance Additions Disposals/ Decrease Ending balance (in million Baht) Assets foreclosed in settlement of debts - Immovable assets 2,378 157 (163) 2,372 Assets for sales 494 757 (309) 942 Total 2,872 914 (472) 3,314 Add (less) allowance for impairment losses (134) (39) 9 (164) Net 2,738 875 (463) 3,150 As at 31 December 2021 and 2020, the Bank had properties for sale with debtor’s rights to buy back when complied with criteria in the agreement, with net book value amounting to Baht 1 million and Baht 331 million, respectively. As at 31 December 2021, the Bank had properties for sale transferred under the Bank of Thailand’s supportive measure for debt settlement through collateral assets transfers with buy-back options (Asset Warehousing) amounting to Baht 2,853 million. The value of immovable assets acquired from debt repayment was appraised by external and internal appraisers as at 31 December 2021 and 2020 as follows: Consolidated Bank only 2021 2020 2021 2020 (in million Baht) Assets foreclosed in settlement of debts Immovable assets - Appraised by external appraisers 6,710 3,649 6,710 2,301 - Appraised by internal appraisers 15 71 15 71 Total 6,725 3,720 6,725 2,372 328 TMBThanachart Bank Public Company Limited
RkJQdWJsaXNoZXIy ODEyMzQ3