# Bank for Agriculture and Agricultural Cooperatives (BAAC)

> Source: https://docs.barcoder.ai/docs/wallets/baac-thailand
> research date 2026-06-01 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [BAAC — official](https://www.baac.or.th/)

## 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** <sup>[1][1], [Thailand report](https://docs.barcoder.ai/docs/payments/TH)</sup>.

## 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](https://docs.barcoder.ai/docs/wallets/bangkok-bank) (Bangkok Bank; SET: BBL) + [Kasikornbank K PLUS](https://docs.barcoder.ai/docs/wallets/kasikorn-bank) (Kasikornbank KBank; SET: KBANK) + [Siam Commercial Bank (SCB)](https://docs.barcoder.ai/docs/wallets/siam-commercial-bank) (Siam Commercial Bank SCB; SET: SCB) + [Krungthai NEXT](https://docs.barcoder.ai/docs/wallets/krungthai-bank) (Krung Thai Bank KTB; SET: KTB) + [Krungsri Bank of Ayudhya (krungsri app)](https://docs.barcoder.ai/docs/wallets/krungsri) (Bank of Ayudhya Krungsri; SET: BAY) + [Government Savings Bank (GSB Thailand)](https://docs.barcoder.ai/docs/wallets/government-savings-bank-thailand) (Government Savings Bank GSB; Thai state-owned savings bank) + [PromptPay QR](https://docs.barcoder.ai/docs/standards/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** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.baac.or.th/ "BAAC — official"
[2]: https://en.wikipedia.org/wiki/Bank_for_Agriculture_and_Agricultural_Cooperatives "BAAC — Wikipedia"
[th-cro]: https://docs.barcoder.ai/docs/payments/TH

- [1] [BAAC — official][1]
- [2] [BAAC — Wikipedia][2]
- <sup>[Thailand report](https://docs.barcoder.ai/docs/payments/TH)</sup> In-corpus: `reports/countries/TH-thailand.md`

## Source

Biography extracted from [baac-thailand.md](https://docs.barcoder.ai/source/wallets/baac-thailand). See `matrix.md` for standards-support matrix if present.