Bank for Agriculture and Agricultural Cooperatives (BAAC)

Overview

Bank for Agriculture and Agricultural Cooperatives (BAAC) is Thai state-owned agricultural specialist + commercial bank + Government of Thailand Ministry of Finance ~100%+ controlling + Thailand's primary agricultural + rural commercial bank serving Thai farmers + agricultural cooperatives + founded Nov 1 1966 in Bangkok Thailand as Bank for Agriculture and Agricultural Cooperatives under Thai agricultural development policy ^{1, Thailand report}.

History

Nov 1 1966 — Bank for Agriculture and Agricultural Cooperatives BAAC founded in Bangkok Thailand under Thai agricultural development policy as Thailand's national agricultural + rural commercial bank distinctive Thai banking heritage as Thailand's primary farmer + agricultural cooperative commercial bank.

2014 — BAAC Mobile banking app launch.

Ownership & operator

Operating entity: Bank for Agriculture and Agricultural Cooperatives BAAC (Thai state-owned agricultural specialist + commercial bank).

Major shareholders: Government of Thailand Ministry of Finance ~100%+ controlling.

Regulators: Bank of Thailand BOT + Ministry of Finance Thailand.

Technical integration

BAAC Mobile app (iOS + Android) + baac.or.th online + Bank for Agriculture and Agricultural Cooperatives branch network across Thailand (Thailand's primary agricultural + rural commercial bank reaching Thai rural farming communities + agricultural cooperatives) + BAAC Visa + Mastercard cards; PromptPay (Thai national instant payments) + Thai QR Payment (Thai national QR payment scheme) + Thai Baht THB domestic transfers.

Implementations & partners

Major Thai banking + payments competitors: Bangkok Bank (Bangkok Bank; SET: BBL) + Kasikornbank K PLUS (Kasikornbank KBank; SET: KBANK) + Siam Commercial Bank (SCB) (Siam Commercial Bank SCB; SET: SCB) + Krungthai NEXT (Krung Thai Bank KTB; SET: KTB) + Krungsri Bank of Ayudhya (krungsri app) (Bank of Ayudhya Krungsri; SET: BAY) + Government Savings Bank (GSB Thailand) (Government Savings Bank GSB; Thai state-owned savings bank) + PromptPay QR (PromptPay; Thai national instant payments).

Regulators: Bank of Thailand BOT + Ministry of Finance Thailand.

Status

Active, Thai state-owned agricultural specialist + commercial bank + Government of Thailand Ministry of Finance ~100%+ controlling + Thailand's primary agricultural + rural commercial bank serving Thai farmers + agricultural cooperatives + founded Nov 1 1966 in Bangkok Thailand as Bank for Agriculture and Agricultural Cooperatives under Thai agricultural development policy ^{1, 2}.

Sources

• 1 BAAC — official
• 2 BAAC — Wikipedia
• ^{Thailand report} In-corpus: reports/countries/TH-thailand.md

Source

Biography extracted from baac-thailand.md. See matrix.md for standards-support matrix if present.