Barclays assures markets on BCL P1bn loan

In a statement, the bank said all the corporate exposures to the BCL Group are fully secured.

“Barclays remains sufficiently liquid, well capitalised and we continue to execute our strategy in the market through the delivery of innovative financial products and services,” read the statement. In April, Parliament authorised the issuance of a government guarantee for a $100 million loan for the struggling state-owned copper and nickel miner.