A Matter Of Principles

Author: Anita Hawser, Global Finance Magazine, Published on: 1 January 2005

Eighteen months ago a group of leading project finance banks adopted the Equator Principles. They are now under attack from critics who claim the banks were more interested in profits and PR than in principles. [refers to institutions that have adopted the Principles: Citigroup, ABN AMRO, Barclays, Royal Bank of Scotland, Credit Suisse First Boston (part of Credit Suisse); also refers to National Hydro-Electric Power Corporation (India - NHPC)]

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Related companies: ABN Amro Barclays Citigroup Credit Suisse NHPC (National Hydroelectric Power Corporation - India) Royal Bank of Scotland