Enclosure VI
DRAFT
PRESS RELEASE (NOT ISSUED)
Bank of Credit and Commerce Hong Kong Limited
The Commissioner of Banking, Mr David Carse, today (Monday) made a further announcement concerning the affairs of the Bank of Credit and Commerce Hong Kong Limited
(ECCHK).
Mr Carse said: "I am pleased to announce that I
have now received firm assurances from the Government of
Abu Dhabi that they will provide such support as may be necessary to enable BCCK to continue to meet its financial obligations to depositors and other creditors at all times now and in the future. The Government of Abu Dhabi is BCCHK's ultimate majority shareholder."
"This assurance together with the confirmation of BCCHK's financial position provided this weekend following a joint examination by my staff and BCCHK's auditors, Price
Waterhouse, permits me to re-affirm my earlier statement
that the operations of the bank remain sound and viable."
8 Culy 1991
80 3 9660 SP8 298
(SпOH INO) 333O SWWOO 8:8T 60-80-166T
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