CNP 0.00% 4.0¢ cnpr group

anz exposure

  1. 1,190 Posts.

    ANZ can't be that worried or they would have made a big provision for loss.


    "ANZ's Centro exposure higher than thought"
    Business Spectator, 21/2/08

    ANZ has a higher than expected exposure to beleaguered property group Centro, with $680 million in unsecured loans on its books, The Australian reports.

    Analysts had previously estimated ANZ's unsecured exposure to be in the region of $500 million with a total exposure, including secured debt, to be approximately $1.2 billion, the newspaper said.

    The bank declined to comment.

    "If ANZ considered there were any further material issues in its portfolio where the group expected credit losses, we would have disclosed specific provisions for them in the trading update released on Monday," an ANZ spokesman said.
 
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