VOL. XXXI
NO. 29
25-APRIL-1988
Financial and Banking News
REGIONAL BANKING
BCCI Makes $100mn LDC Debt Provision
The Luxembourg-based holding company for the Bank of Credit and CommerceInternational (BCCI) group has made a special provision of $100mn againstlending to countries experiencing payments difficulties. The provision hasbeen taken from its reserves rather than from income, which has resulted in BCCIHoldings (Luxembourg) declaring 1987 shareholders' funds of $981mn, comparedwith $1,041mn in...
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