BTA Bank has survived. At the end of May 2010, the Kazakh bank won 92% approval from creditors for a package of different debt restructuring options that will reduce its overall burden to $4.4bn from $11.4bn, with a new maturity profile running from eight to 20 years, while handing 18.5% of the bank's equity to creditors. All this was carried out while the bank remained fully operational, rather than entering into administration.
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