WBC 1.02% $18.37 westpac banking corporation

statement re allco finance group

  1. 2,388 Posts.
    5 November 2008
    Westpac Statement regarding Allco Finance Group
    Following the appointment of voluntary administrators and receivers to Allco
    Finance Group Limited (Allco), Westpac today confirmed it has exposure to Allco
    totalling approximately $200 million.
    Westpac will review the implications of the appointment of the voluntary
    administrators to Allco and adjust existing provisions as required.
    Ends.
 
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