TNAG-2245-FCO40-3228-Bank-of-Credit-and-Commerce-Hong-Kong-Limited-(BCCHK)-1991 — Page 195

政司辦公

Mr David Carse

Commissioner of Banking

28th floor

Queensway Governmen: Offices

66 Queensway

Hoa; Kong

21

Enclosure IB

FINANCIAL SECRETARY'S OFFICE, THE SECRETARIAT. HONG XONG.

5 July 1991

Dear Sir,

Bank of Credit ani Commerce Hong Kong Limited ("BCCHK") BCCI Fin ince Irternational Limited ("BCCIFI")

1991.

I refer to our discussion on 3 July and to your memo of 5 July

It now seems likely that the Bank of Credit and Commerce International SA ("BCCISA"), incorporated in Luxembourg, will shortly announce that it intends to go into voluntary liquidation.

..BCCISA is a subsidiary of BCCI Holdings (Luxembourg) SA which is also the holding company of BCCHK, a Hong Kong incorporated, licensed bank. BCCHX holds approximately $11 billion in customer's deposits. It also operates a subsidiary, BCCIFI, which is a registered deponit taking company.

22 3 S660 S8 298

C.

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21

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92:81 60-80-166T

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