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Thursday, May 2, 2024

Bid to stop debt turning sour

A booth operated by the Bank for Agriculture and Agricultural Cooperatives at a recent edition of Money Expo. (Photo: Nutthawat Wicheanbut)

The Bank for Agriculture and Agricultural Cooperatives (BAAC) has revealed it has around 300 billion baht in debt which requires close monitoring in order to prevent bad debt, said president Chatchai Sirilai.

From monitoring and evaluating the bank’s loans, it was found that there was 300 billion baht’s worth of debt which needs to be closely monitored and, of this amount, 10 billion baht is considered to be bad debt or non-performing loans (NPLs), he said.

Meanwhile, the bank is…

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