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Bahrain cenbank urges TIBC creditors to meet

Posted on 15 May 2009

From Tradearabia.com: Bahrain’s central bank urged creditors of The International Banking Corporation (TICB) to meet over debt restructuring, two days after S&P said TIBC had chosen not to pay back some of its debt and downgraded it.

The Central Bank of Bahrain (CBB) said in a statement that it had requested that the Bahrain-based wholesale bank convene a meeting of its creditors “as a matter of urgency”…….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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