VOL. XXXII

NO. 26

3-APRIL-1989

Financial and Banking News

REGIONAL BANKING

BAII Shareholders Take Over Its LDC Debt

The Paris-based consortium, Banque Arabe et Internationale d'Investissement (BAII),last week announced that it will be writing back loan loss provisions worth some$100mn on its developing country debt as a result of a deal with itsshareholders. BAII in 1987 created a special subsidiary, Euroloans Company, toassume all its sovereign loans to debt rescheduling countries, a total of...