Sukhumvit Asset Management Co., Ltd (SAM) was established on April 18, 2000 following a cabinet resolution and registered as an asset management company according to AMC act 1998 with the Financial Institution Development Fund (FIDF) holding 100% share. On May 7, 2004, Petchaburi 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.
2000 SAM was established to take over NPL from KTB with OPB of 15,835 million (USD).
2001 SAM transferred its NPL over to TAMC with OPB of 9,423 million (USD).
2004 SAM took over PAMC and recrived its NPL, causing the total amount of NPL from KTB and PAMC to be 8,413 million (USD).
2006 SAM started auctioning for NPL and NPA from other financial institutes.
2007 SAM opened its first provincial office in Chiang Mai
2008 SAM opened its second provincial office in Khon Kaen
2009 SAM opened its third provincial office in Surat Thani.
2012 SAM opened its fourth provincial office in Phitsanulok and auction for NPL and NPA from TAMC when TAMC was closed down in 2011
2017 SAM implemented the BOT-initiated scheme called Consumer Debt Relief Program (CDRP) or "Debt Clinic"