Headquarter: Bangkok, Thailand
Date of establishment: 1966
Type of institution: Agricultural development bank under special law
Ownership: Government owned
Membership: APRACA, BWTP
as of March 1998 (rounded figures)
| Number of branches | 600 |
| Number of staff | 13,000 |
| Number of savings accounts | 9.2m |
| Number of loan clients (households) | 5m |
| Total assets (in US$; 1US$ = 47 Baht) | 650m |
| Total outstanding net loan balance (US$) | 5.5m |
| % of loan portfolio allocated to the agricultural sector | 100% |
Main activities and products
The activities of the bank cover the following: extending loans to farmers, farmer's groups or cooperatives; acting as a guarantor for farmers, farmer's groups or cooperatives for loans or farm credit from other sources; providing deposit services; issuing, buying or selling bills of exchange or other transferable instruments; buying government bonds, etc.
The bank's policy on credit development and service includes strengthening agricultural institutes' financial structure; promoting group responsibility in acquiring farm credit or in bargaining power; providing credit particularly to low-income earners in rural areas; helping farmers to solve production, marketing and debt problems; and helping farmers to qualify for the bank's long-term investment credit.
To support the bank's farming customers, BAAC has set up the Agricultural Cooperatives for Marketing and Thai Agribusiness Company Limited to provide farm tools and farming raw materials such as fertiliser, seed and consumer products to cooperatives members, and also to market their products.
Main sources of funds
Deposits from the general public (~55%)
Local borrowing and bond issues (~20%)
Borrowings from international development agencies (~10%)
Donor support
Outstanding balance with Japanese OECF (5% of total liabilities and equity), World Bank, IFAD, ADB, USAID, German KfW
Publications
Annual Report
Website
http://www.baac.or.th/eng_baac/home.htm
Address
469 Nakhon Sawan Road
Bangkok 10300
Thailand