Secured creditors of Espirito Santo Dubai unit to get 82.7 pct payout | Reuters:
"Liquidators for ES Bankers (Dubai) Ltd (ESBD) have estimated they will pay out 82.7 percent of the $93.5 million owed to depositors in the stricken bank, advisory firm Deloitte said on its website.
However, unsecured creditors of the Dubai arm of the Espirito Santo empire, which stumbled after accounting irregularities were identified at one of its holding companies earlier last year, will get none of the $14 million they are owed, the document added.
In October 2014, a Dubai judge approved an application to liquidate the local business following an earlier freezing of deposits to protect customers."
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