
BAAC to become first bank to accept trees as loan collateral
The Bank of Agriculture and Agricultural Cooperatives (BAAC) will be the first financial institution in Thailand to accept any of 58 types of trees classified as “prohibited trees” as collateral for taking loans from the bank, said Mr Natthaporn Jatusripitak, an advisor to the minister of Prime Minister’s Office. The unprecedented move by the BAAC











