BAM offers 3-month debt moratorium for Nan flood victims

MGR Online•Economy•4d ago

Reader Briefing

Bangkok Commercial Asset Management Public Company Limited (BAM) implements a three-month debt moratorium for customers affected by floods in Nan province.

•BAM provides a 3-month debt moratorium for affected customers in Nan province.
•The measure covers customers undergoing debt restructuring and those paying for Non-Performing Assets (NPA) in installments.
•BAM has ordered local offices to survey damages to assess the level of assistance needed.
•Dr. Rak Vorakitchophakorn, CEO of BAM, is leading the coordination of these relief efforts.

Overview

•BAM has ordered local offices in Nan province to urgently survey damages and collect data on affected customers.
•The relief measures target customers in Nan province affected by flooding, including those in debt restructuring and those paying for BAM assets in installments.
•BAM implemented a 3-month debt moratorium to reduce financial burdens and assist customers during the recovery of their residences and businesses.
•BAM considers the debt moratorium on a case-by-case basis based on the level of damage and appropriateness to match the situation.
•Dr. Rak Vorakitchophakorn stated that BAM aims to provide targeted and appropriate assistance to customers as quickly as possible.
•Local offices are instructed to enter the affected areas to reach customers and assess impacts on housing, professional areas, and daily living capabilities.

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Key Quotes

Dr. Rak Vorakitchophakorn

"BAM is concerned for all customers and families affected by the flood situation in Nan province and has therefore issued a 3-month debt moratorium measure."

BAM มีความห่วงใยลูกค้าและประชาชนทุกครอบครัวที่ได้รับผลกระทบจากสถานการณ์น้ำท่วมในจังหวัดน่าน จึงได้ออกมาตรการพักชำระหนี้ 3 เดือน

Key Entities

Person

Dr. Rak Vorakitchophakorn(ดร.รักษ์ วรกิจโภคาทร)

Chief Executive Officer of Bangkok Commercial Asset Management Public Company Limited (BAM).

Organization

Bangkok Commercial Asset Management Public Company Limited(บริษัทบริหารสินทรัพย์ กรุงเทพพาณิชย์ จำกัด (มหาชน))

An asset management company known as BAM that provides debt moratoriums for flood-affected customers.

BAM

Abbreviation for Bangkok Commercial Asset Management Public Company Limited.

Place

Nan Province(จังหวัดน่าน)ℹ️

The area where customers have been affected by flooding.