Dr Somkid says he has no problem working with BAAC

Thai PBS

THAILAND -- Deputy Prime Minister Somkid Jatusripitak assured staff members of the Bank of Agriculture and Agricultural Cooperatives (BAAC) that he has no plan whatsoever to dissolve the bank but only hopes that it will cooperate with the Government Savings Bank to help farmers.

Dr Somkid downplayed a planned protest by BAAC unionists against his alleged harsh remark against the bank claiming that it was a misinterpretation of his remark.

He said that he didnt think he had any problem working with BAAC or had any ill intention against the bank but only hopes that both the BAAC and GSB can cooperate to help the farmers whom he said are in deep trouble.

Commenting on rubber farmers demand for government help, the deputy prime minister defended that Prime Minister Prayut Chan-ocha has alwaysbeen concerned with their plight and has assigned authorities concerned to look after their problems.

Source: http://englishnews.thaipbs.or.th/dr-somkid-says-he-has-no-problem-working-with-baac

-- Thai PBS 2016-01-08

Some back-stepping after he saw the BAAC employees response.

"he has no plan whatsoever to dissolve the bank"

TRANSLATION: the government has the power to dissolve the bank - better cooperate.

"he has no plan whatsoever to dissolve the bank"

TRANSLATION: the government has the power to dissolve the bank - better cooperate.

Will be a cold day in you know where before that happens. BAAC has 1,274 branches nationwide, 77 provincial offices, and 1,090 credit units. It has 19,897 employees and outstanding loans of 875.8 billion baht lent to 5.67 million farming households.