BAAC Clarifies: Customer Mutual Funeral Association Remains Strong and Operational

On February 19, 2024, the Bank for Agriculture and Agricultural Cooperatives (BAAC) issued a clarification regarding the circulation of online information about potential suspension of funeral association operations. The bank emphasized that the customer funeral association is a legal entity formed by BAAC customers to mutually support each other, particularly in funeral management and family assistance. BAAC, as an advisor to the association, has verified that the association remains strong and can operate normally. The bank is ready to provide guidance and support, and is asking members to help communicate accurate information to reduce social anxiety and prevent misunderstandings.