The Bank for Agriculture and Agricultural Cooperatives (BAAC) is conducting a fresh loan review in preparation for adverse effects stemming from the prolonged pandemic.
The bank’s previous loan review was conducted before the latest succession of Covid-19 infections emerged in Thailand, said Kasarb Ngernruang, senior executive vice-president at BAAC.
The previous loan review covered 87% of the BAAC’s customer base of 7.5 million.
The survey revealed 23% of customers surveyed were classified as being in the green zone, which provides an indication of normal debt-servicing ability. Some 61% of customers participating in the survey fell within the yellow zone, which indicates an overdue loan payment of at least 15 months. The remaining 16% of customers surveyed fell within the…
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