Australia's NAB says has A$140 mln in ABC exposure

Thu Nov 6, 2008 2:31am EST
 
[-] Text [+]

SYDNEY, Nov 6 (Reuters) - National Australia Bank (NAB.AX) said on Thursday it had loan exposure of about A$140 million ($94.8 million) to collapsed childcare operator ABC Learning Centres Ltd (ABS.AX).

It also said that though it was not a lender to Australia's Allco Finance Group Ltd (AFG.AX), which also collapsed this week, it had loaned money to entities within the group. ($1=A$1.47) (Reporting by James Regan; Editing by Kim Coghill)

 
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better