Bank of Beijing pays $364 mln debt on behalf of troubled Citic Guoan
Bank of Beijing, a
guarantor of a loan by Citic Guoan Group, said it
had helped the conglomerate repay 2.5 billion yuan ($364
million) in debt, raising concerns about risk management
practices at regional banks.
guarantor of a loan by Citic Guoan Group, said it
had helped the conglomerate repay 2.5 billion yuan ($364
million) in debt, raising concerns about risk management
practices at regional banks.
Posted by Reuters
