The Bank for Agriculture and Agricultural Cooperatives (BAAC) is expediting its consideration of establishing an asset management company (AMC) to eliminate the bad debts of approximately 10,000 accounts of elderly farmers aged 70 and over, worth 4-5 billion baht, within this year. The bank is also restructuring its loan portfolio to reduce the risk of elderly debt and support farmers in transforming their production to add value.
Today (August 22, 2025), the Bank for Agriculture and Agricultural Cooperatives (BAAC), through its Manager, Chatchai Sirilai, revealed that the bank is expediting legal considerations to establish an Asset Management Company (AMC) in collaboration with a juristic person to implement a debt write-off measure for farmers aged 70 and older who are chronically indebted and have participated in all debt restructuring programs but have not yet been freed from debt. It is estimated that 10,000 accounts, with a total debt of 4-5 billion baht, will be eligible, with a conclusion expected by 2025. ฝากขั้นต่ำ100