The Frankfurt Documents: Secret Bank Loans to the South African Government

CIC Brief
by Corporate Information Center
New York, New York, United States
July 1973
4 pages
Type: Pamphlet
Coverage in Africa: Zimbabwe, Namibia, South Africa, Southern Africa
Coverage outside Africa: United States
Language: English
The "Frankfurt Documents" are confidential internal documents originating from sources in the European American Banking Corporation, a U.S.-based multinational banking firm. These materials reveal that a group of 40 banks from the United States, Europe, and Canada have been jointly involved in direct loans totaling over $210 million to the South African government and its agencies since late 1970. Two of the six loans, representing $70 million of the total, include 11 American banks. Contents: EABC's Role • ISCOR • METKOR • ESCOM • Political Implications • Strategic Implications • No Confidence • Item I: A Brief History of the Bank Campaign 1966-69 • Item II: Action Suggestions for Organizations and Individuals • U.S. Banks Participating in Secret Loans
Used by permission of the Interfaith Center on Corporate Responsibility (successor to the Corporate Information Center).