BAAC continues to support the management of religious institutions of all faiths while promoting savings, launching three special deposit products for temples and related individuals: the Boon Samphan (Bound Merit) Deposit, the Boon Samphan Deposit, and the Boon Samphan Plus (9 months) Deposit. These products offer special interest rates of up to 1% per year, with terms and conditions tailored to the needs of devout individuals in the digital age. Deposits are accepted from today until July 31, 2026, or until the bank announces the closure of the deposit period.

Mr. Paisarn Hongthong, Deputy Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC), revealed that BAAC has launched three special deposit products for temples, religious institutions of all faiths, religious followers, and related individuals to promote efficient management of religious assets within temples and encourage savings for Buddhist personnel:

1) Boon Samphan (Bound Merit) Deposit: For non-profit institutions, such as temples and religious institutions of all faiths. Depositors must register for the QR Dharma D (e-Donation) service for convenient direct donation to the temple. 1) Open a new account with a minimum deposit of just 50 baht. Deposits and withdrawals are unlimited in both amount and frequency, facilitating efficient and flexible daily cash flow management for temples. Interest will be paid at a rate of 0.50% per year, compounded twice annually in March and September.

2) Merit Deposit Account: For temples and religious institutions of all faiths with a Merit Deposit (Binding Merit) account and registered for the QR Dharma D (e-Donation) service, this offers a worthwhile long-term return on temple savings. A minimum deposit of 10,000 baht is required to open an account. Receive a special tiered interest rate based on the end-of-day balance, up to 1% per year (deposits under 100,000 baht receive 0.25% per year, 100,000 to 1 million baht receive 0.50% per year, and deposits over 1 million baht receive 1% per year). The project lasts for 3 years. Temples with Merit Deposit accounts are exempt from income tax. The bank will pay interest monthly into the deposit account at the end of every month.

3) Boon Samphan Plus Deposit (9 months): A short-term deposit account offering immediate returns for individuals, specifically abbots, temple administrators, and temple committee members (with a letter of certification from the abbot) of temples that have opened a Boon Samphan deposit account with BAAC. Upon opening an account and making a minimum deposit of 10,000 baht, interest will be received immediately on the day of deposit. The interest rate is up to 1% per year, and the bank will pay the interest in advance by transferring it to the designated account. The deposit period is 9 months (calculated day-to-day).

All three deposit products are available for deposit from today until July 31, 2026, or until the bank announces the closure of deposits. Accounts can be opened at all BAAC branches nationwide, or for more information, please contact the Call Center at 02 555 0555, www.baac.or.th, the BAAC Mobile application, and the BAAC Family Line Official Account.

Go To Lead

Ms. Duangkamol Limpuangthip, Krungsri Head of SME Banking Group, said, “Thai businesses are competing not only in the domestic market but also with companies around the world. Investing in productivity, technology, and operational efficiency is no longer optional—it is essential to remain competitive. Following the launch of the Krungsri SME Double Power Loan for micro and small enterprises under the Reinvent Thailand initiative, we are now introducing the “Krungsri SME Power Up” to support medium-sized SMEs undertaking larger-scale investments and seeking higher financing to strengthen their competitiveness. The name ‘Power Up’ reflects our belief that today’s entrepreneurs need more than funding—they need the confidence and momentum to transform their businesses and compete on the global stage.”

The “Krungsri SME Power Up” loan targets SMEs operating in key industries, including tourism, healthcare, smart electronics, wholesale and retail, logistics, agriculture, and agro-processing—sectors that play a key role in driving Thailand’s economic growth and require continued investment in productivity enhancement, technology adoption, and production upgrades to remain globally competitive. The loan offers financing of up to 150 million baht, a special interest rate of 3.5% per annum for the first two years, and a repayment period of up to seven years, providing businesses with sufficient funding for larger-scale investments while helping ease initial financing costs and support long-term investment planning.

SME entrepreneurs interested in the “Krungsri SME Power Up” may visit any Krungsri branch, contact Krungsri’s Relationship Managers, or reach out through the Krungsri Business Customer Service Center at 02-296-6262 or 02-626-2626. Terms and conditions apply as specified by the Bank.

Go To Lead

EXIM Thailand has announced the appointments of Mr. Parinya Ngamwattana and Mr. Rachatapong Suksanguan as Executive Vice Presidents; Mr. Nuttasit Thienprasiddhi as Head of Corporate Strategy Department and Acting Head of Business Development Department; Ms. Apinya Phakpayat as Head of SME-Credit Appraisal Department; and Mrs. Kwanchanok Inseesungworn as Head of Corporate Business Department 1, effective from July 7, 2026.

Export-Import Bank of Thailand (EXIM Thailand) has appointed Mr. Parinya Ngamwattana as Executive Vice President overseeing Corporate Finance 2 function line, responsible for supporting entrepreneurs’ exports and investments both domestically and internationally by providing comprehensive services, as well as building networks and developing expertise in target industries in alignment with EXIM Thailand’s policies; Mr. Rachatapong Suksanguan as Executive Vice President overseeing SMEs function line, responsible for supporting and promoting large enterprises, leading business groups, and small and medium-sized enterprises with export potential in designated service areas, fostering relationships with external organizations involved in SME exporter development, providing advisory services on export operations and the Bank's products and services, and supporting Thai entrepreneurs in strengthening their capabilities and achieving internationally recognized standards; Mr. Nuttasit Thienprasiddhi as Head of Corporate Strategy Department, responsible for strategic and operational planning, analyzing and preparing performance data, as well as adjusting and reviewing strategies to ensure alignment with evolving directions and operating environments, and concurrently as Acting Head of Business Development Department, responsible for stakeholder relationship management and fostering business collaboration with strategic partners;

Ms. Apinya Phakpayat as Head of SME-Credit Appraisal Department, responsible for customer credit assessment, systematic collection and management of credit assessment-related information, as well as debt restructuring and modifications to debt restructuring terms to support customers in maintaining sustainable business operations while mitigating the Bank’s risks; and Mrs. Kwanchanok Inseesungworn as Head of Corporate Business Department 1, responsible for supporting entrepreneurs’ exports and investments both domestically and internationally by providing comprehensive services, as well as building networks and developing expertise in target industries in alignment with EXIM Thailand’s policies. The appointments are effective from July 7, 2026 onward.

Mr. Parinya holds a Master’s degree in Business and Managerial Economics from the Faculty of Economics, Chulalongkorn University, and a Bachelor’s degree in Computer Engineering from the Faculty of Engineering, Chulalongkorn University. He joined EXIM Thailand in 2005 and previously served as First Vice President of Corporate Business Department 5, Senior Vice President of Corporate Business Department 4, and Senior Vice President of Corporate Business Department 1.

Mr. Rachatapong holds a Master’s degree in Business Administration from Sukhothai Thammathirat Open University and a Bachelor’s degree from the Faculty of Commerce and Accountancy, Chulalongkorn University. He joined EXIM Thailand in 2023 and previously served as Senior Vice President of Corporate Strategy Department. Prior to joining EXIM Thailand, he served as Senior Vice President of Eastern Economic Corridor Segment Team at Krung Thai Bank Public Company Limited, as well as Executive Vice President of Corporate Strategy, Research and Development Group at Sukhumvit Asset Management Company Limited.

Mr. Nuttasit holds a Master’s degree in Regulation from the London School of Economics and Political Science, United Kingdom, and a Bachelor’s degree in International Political Economy from Georgetown University’s Walsh School of Foreign Service, United States. He joined EXIM Thailand in 2019 and previously served as Manager, Senior Manager, Assistant Vice President, and Vice President of Corporate Strategy Department.

Ms. Apinya holds a Master’s degree in Economics (Business Economics) from Kasetsart University, and a Bachelor’s degree in Business Administration from University of the Thai Chamber of Commerce. She joined EXIM Thailand in 2023 and previously served as Assistant Vice President of Sustainability Development Department, Assistant Vice President of Branch Administration Department, and Assistant Vice President of SME-Credit Appraisal Department.

Mrs. Kwanchanok holds a Master’s degree in Finance and Marketing from the Faculty of Business Administration, National Institute of Development Administration, and a Bachelor’s degree in Electrical Engineering from the Faculty of Engineering, Thammasat University. She joined EXIM Thailand in 2015 and previously served as Senior Manager of Corporate Business Division 4.2, Senior Manager of Corporate Business Division 1.2, and Assistant Vice President of Corporate Business Department 1.

Go To Lead