Business

NAB's A$200m in unsecured loans

National Australia Bank announced more bad news yesterday, outlining over 200 million Australian dollars (€106

Fri Sept 21 2001 - 01:00

National Australia Bank announced more bad news yesterday, outlining over 200 million Australian dollars (€106.4 million) in unsecured lending to failed Australian airline Ansett and lead/zinc mining operation Pasminco.

The news comes weeks after the group, which owns National Irish bank, announced huge provisions following mistakes at its US mortgage unit.

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