26 November, 2009
BAAC to Launch Massive Village Banking Program
November 25, 209
The Bank for Agriculture and Agricultural Cooperatives Bank (BAAC), announced today that they are launching a large Village Banking program throughout the country. The BAAC has been considering the option since January of this year and intends to start operations by April 2010. The three year project is expected to have a loan portfolio of 5,000 million baht ($160 million USD) and have over 300,000 clients.
The BAAC is a government-owned bank that works mainly in rural areas.
Source: Siam Rath
The Bank for Agriculture and Agricultural Cooperatives Bank (BAAC), announced today that they are launching a large Village Banking program throughout the country. The BAAC has been considering the option since January of this year and intends to start operations by April 2010. The three year project is expected to have a loan portfolio of 5,000 million baht ($160 million USD) and have over 300,000 clients.
The BAAC is a government-owned bank that works mainly in rural areas.
Source: Siam Rath
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