BAM Offers Three-Month Debt Moratorium to Naan Flood Victims
Bangkok Asset Management suspends loan payments for three months to help flood victims in Naan province recover from damage to homes and livelihoods.
Bangkok Asset Management (BAM) has instructed its offices in Naan province to urgently survey customers impacted by flooding, covering both debt restructuring clients and property installment buyers. The survey will assess damage levels and hardship across housing, workplaces, and daily living capacity before forwarding findings to headquarters for emergency relief consideration.
For flood-affected customers, BAM is implementing a three-month payment suspension to ease financial strain during home and livelihood recovery. Assistance will be tailored to individual circumstances and damage severity. BAM Chief Executive Rak Vorakij stated: "BAM cares deeply for all customers and families affected by the flooding in Naan province. We have implemented a three-month payment moratorium to reduce financial burden and ease distress."
Rak instructed offices to conduct urgent field surveys and reach affected customers quickly to ensure relief is timely and appropriate. BAM stands ready to support customers through this crisis.
