ANZ bad debt provisions trebled
http://www.interest.co.nz
ANZ National's results out for 1st half
It has over $70 bln of deposits
More than a third of total deposits
Results are mixed. Profit before provisions for bad debts up 12% to NZ$854 million
But the bad debt provisions trebled to NZ$93 million
Net non performing loans up 50% to NZ%108 million
Still just 0.12% of assets, up from 0.09%
Credit stress showing, Lift in arrears for cards and personal loans
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: 23/04/08 04:08
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