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May 7--BAAC PLANS B10BN IN BUSINESS LENDING: The Bank for Agriculture and Agricultural Co-operatives plans to lend 10 billion baht this year to support community and small business enterprises, according to Varathep Ratanakorn, a deputy finance minister.
Loans are expected to carry an interest rate of 1.5 percentage points below minimum lending rates. Collateral can include bank deposits, property and other assets or personal guarantees from other community members. Participants in the BAAC's three-year debt suspension programme will be eligible for the development loans.
Mr Varathep said the BAAC was also considering cutting interest rates for its best ...