SYDNEY (AFX-ASIA) – Australia & New Zealand Banking Group Ltd (ANZ) said it declines to comment specifically on rumours of a A$100 million exposure to US energy trader, El Paso Corp. (US$1=A$1.7). “I can’t comment on specific customer accounts, but we’ve been closely following the US energy sector for some time and developments recently in…
AUSTRALIA: ANZ declines comment on El Paso exposure; sees 2003 credit losses lower
Posted on February 19, 2003 by EnergyAsia