NO. 24


Financial and Banking News

Regional Banking

Abu Dhabi And Touche Ross Revise Compensation Proposal For BCCI Creditors

Touche Ross, the worldwide liquidators of the BCCI group, have agreed thebasic points of a revised compensation agreement for the bank's creditors. AbuDhabi individuals and institutions are the majority shareholders in the bank.Under a heads of terms agreement signed in Zurich on 3 March, Abu Dhabi willprovide creditors with $1.8bn. The new agreement...