The financial encyclopedia uses cookies to improve your user experience. Find out more here!




Bank of Credit and Commerce International (BCCI)


A large international bank that operated in many countries, whose collapse in 1991 with a multi-billion pound shortage of funds provoked widespread suspicion of false bookkeeping and money-laundering, and widespread concern about the adequacy of supervision arrangements for international banks.


Reference: Oxford Press Dictonary of Economics, 5th edt.