Bad debt

RECENT NEWS
Sydney Morning Herald  Nov 23  Comment 
Suncorp-Metway says bad debts have stabilised but its banking unit sees weakness in corporate property values.
BBC News  Nov 23  Comment 
Business closures in the North East left Northumbrian Water with bad debts of £1.7m in the six months to September.
Sydney Morning Herald  Nov 18  Comment 
Allied Irish Bank, Ireland's biggest lender, said on Wednesday that its bad debt charges were likely to have soared to 5.3 billion euros ($US7.9 billion) this year.
News.com.au  Nov 13  Comment 
WESTPAC says it is well placed for growth with strong momentum this financial year and that impairment charges have probably peaked.
Sydney Morning Herald  Nov 3  Comment 
Westpac Banking Corporation has reported a 10.7 per cent decline in full year profit and says it’s entering the new fiscal year with strong momentum as the bad debt credit cycle stabilises.
Business Standard  Nov 3  Comment 
Gross non-performing assets up 23% in 12 months.
Agrimoney.com  Nov 2  Comment 
The milk services group says it is considering expansion as far as Botswana and Indonesia despite a 90% slump in interim earnings
The Australian  Oct 29  Comment 
ANZ Bank has gone a step further than its rivals, predicting that the bad debt cycle has peaked and interest margins will expand.
Sydney Morning Herald  Oct 28  Comment 
ANZ warns that the impact of global financial crisis would continue to wash over a ''fragile'' Australian economy next year.
Sydney Morning Herald  Oct 28  Comment 
Cameron Clyne has just issued the most important sound-bite the banks are likely to produce in this September-year profit reporting season.
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Bad debt is debt for which a company expects to never be paid.

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