Financial and Banking News
Loans & Issues
BNL Exposure to Iraq Estimated at $2.9bn
Italy's Treasury Minister, Mr. Guido Carli, has given the latest estimates ofthe exposure of Banco Nazionale del Lavoro (BNL) to Iraq as a result of thebanking scandal uncovered at its Atlanta, Georgia branch last year (MEES, 11September 1989). More than 2,500 loan agreements were involved, totalling$2,867mn, of which $1,798mn was in favor of the Central Bank of Iraq...