BAM offers 3-month debt moratorium for Nan flood victims

Post Today•Economy•5d ago

Reader Briefing

Bangkok Commercial Asset Management (BAM) has implemented a three-month debt moratorium for customers affected by flooding in Nan Province.

•BAM is providing a 3-month debt moratorium for flood victims in Nan Province.
•The measure covers customers undergoing debt restructuring and those paying for Non-Performing Assets (NPA) in installments.
•Rak Worakitphokathon, CEO of BAM, ordered local offices in Nan to survey damages and collect customer data.
•Assistance is evaluated on a case-by-case basis depending on the level of impact.

Overview

•Flooding in Nan Province has caused damage to residences and professional areas of local residents.
•BAM has implemented a 3-month debt moratorium to reduce financial expenses for affected customers.
•Rak Worakitphokathon instructed BAM offices in Nan Province to urgently survey damages and gather data on affected customers.
•The assistance covers customers in the process of debt restructuring and those purchasing BAM Non-Performing Assets (NPA) via installments.
•The debt moratorium is intended to alleviate financial distress while customers restore their homes and livelihoods.
•BAM will evaluate the level of hardship regarding housing, professional areas, and daily living capability on a case-by-case basis.
•Rak Worakitphokathon stated that BAM aims to provide targeted and appropriate assistance to those affected by the crisis.

Full article content is available on the original source.

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Source: Post Today (Original)

Key Quotes

Rak Worakitphokathon

"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 to reduce financial burdens."

BAM มีความห่วงใยลูกค้าและประชาชนทุกครอบครัวที่ได้รับผลกระทบจากสถานการณ์น้ำท่วมในจังหวัดน่าน จึงได้ออกมาตรการพักชำระหนี้ 3 เดือน เพื่อช่วยลดภาระทางการเงินและบรรเทาความเดือดร้อน

Key Entities

Organization

Bangkok Commercial Asset Management(บริษัทบริหารสินทรัพย์ กรุงเทพพาณิชย์ จำกัด (มหาชน))

An organization known as BAM that has issued a debt moratorium for flood-affected customers in Nan Province.

Place

Nan(น่าน)

The province where flooding has caused damage to residents' homes and businesses.

Person

Rak Worakitphokathon(รักษ์ วรกิจโภคาทร)

The Chief Executive Officer of BAM.