SYDNEY (AFX-ASIA) – Australia & New Zealand Banking Group Ltd (ANZ) could lose a further A$208 million through its exposure to US energy sector debts, but is well protected due to its high provisions for bad and doubtful debts, UBS Warburg said. (US$1=A$1.65). “The financial weakness of the US energy sector over the last 18…
AUSTRALIA: ANZ could lose further A$208 million from US energy loans Ð UBS
Posted on March 28, 2003 by EnergyAsia