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Thailand
has a substantial number of financial institutions, namely,
commercial banks, finance companies, agricultural cooperatives,
savings cooperatives, life insurance companies, pawnshops and
credit fonciers. In addition, there are a number of specialized
financial institutions, namely, the Government Savings Bank, the
Bank of Agriculture and Agricultural Cooperatives (BAAC), the
Industrial Finance Corporation of Thailand (IFCT), the Government
Housing Bank, and the Export Import Bank of Thailand (EXIMBANK).
Within
the organized financial markets, commercial banking is the most
important institution in the Thai economy; it will likely maintain
this position in the future.
With
regard to the outstanding amounts of credit extended by the
various institutions, commercial banks also pay the leading and
most active role, accounting for 72 percent in 1992. Finance
companies accounted for about 18 percent and the remaining 10
percent was shared by other institutions.
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