The BAAC (BAAC) laid out policies and operational guidelines at the kickoff meeting for the Litigation Debt Management System project. This initiative aims to enhance debt management processes, enabling customers to pursue debt resolution quickly, efficiently, and effectively, reducing redundancy and reducing costs.

Mr. Chatchai Sirilai, President of the Bank for Agriculture and Agricultural Cooperatives (BAAC), revealed that the policies and operational guidelines at the kickoff meeting for the Litigation Debt Management System project aim to enhance debt management processes, enabling customers to pursue debt resolution quickly, efficiently, and effectively, reducing redundancy and reducing costs.

This enables jointly finding solutions to ensure customers have a normal account status before proceeding with legal proceedings. The system integrates with other relevant bank systems and prevents operational errors, as it supports the entire process of debt management.

This includes loan recovery, legal filing, case management, debt collection pursuant to judgments, enforcement and auction processes, as well as the disposal of loans as bad debts and the handling of tort claims. This marks another important step for the BAAC in elevating the debt management process and ensuring effective legal proceedings.

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