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...
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