Cabinet okays BAAC capital increase | Bangkok Post: business

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Cabinet okays BAAC capital increase

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Plans by the Bank of Agriculture and Agricultural Cooperatives (BAAC) to increase its registered capital by 20% to 60 billion baht received cabinet approval yesterday. 

The BAAC said the increased capital will allow it to extend more loans to farmers.

It plans to lend 500 billion baht over the next five years for lending growth of 10% a year.

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