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12 Percent of Bank for Agriculture's Suspended Debt Turns Into Bad Loans.
Byline: Wichit Chantanusornsiri
Feb. 5--Around 12 percent of the debt suspended under a restructuring programme by the Bank for Agriculture and Agricultural Co-operatives cannot be serviced, representing around 5.2 billion baht in funds.
But the government insists that the three-year debt programme, scheduled to end next month, had proven successful overall, with hundreds of thousands of farmers benefiting from the respite given in servicing debt by revamping their finances and improving production methods.
Kitti Limskul, vice minister for the Finance Ministry, said participating farmers generally reported gains in assets and in their net ...
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...incurred. Money owed to the BAAC under the programme currently...Debt jumped sharply with the BAAC due to policies under the Thaksin...billion baht to repay debt to the BAAC for the rice programme. Mr...he said. To see more of the Bangkok Post, or to subscribe to the newspaper...
- Muang Thai teams up with BAAC.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) March 10, 2007 700+ words
...million loan account holders. The BAAC tapped into the bancassurance...Thai said the partnership with BAAC was part of the company's...business. In addition to the BAAC partnership, Muang Thai also...percent. To see more of the Bangkok Post, or to subscribe to the newspaper...
Source: HighBeam Research, 12 Percent of Bank for Agriculture's Suspended Debt Turns Into Bad...