JSC BTA Bank announces a meeting with certain creditors to establish a Creditors Steering Committee. JSC BTA Bank also announces the suspension of interest payments
JSC BTA Bank (“BTA”) is pleased to announce that on 23 July 2009 a meeting was held in London between BTA’s advisers and certain of its syndicated and bilateral creditors, Eurobond holders and trade finance creditors which may lead to the formation of a Creditors Steering Committee.
Release of 2008 year end financial statements and update on BTA Bank Restructuring Process
BTA Bank JSC (“BTA”) today released its financial statements in accordance with IFRS for the year ending 31 December 2008, as audited by Ernst & Young LLP.
Update on BTA Bank restructuring process
BTA Bank JSC (“BTA”) is pleased to announce that Lazard Frères has been appointed as one of its financial advisers to work alongside UBS Investment Bank in the implementation of BTA’s debt restructuring process