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NZF Money's receivership expect significant loan book impairment
Thursday 22nd of September 2011
NZF Money's parent, the listed NZF Group, put it into receivership on July 22. NZF Money's last prospectus showed $19 million of the loans were past due at June 30.
"We are continuing to review the loan book and have commenced the process of collection of outstanding loans,” the receivers say in their first statutory report.
"We note, however, that several loans of significant siz...
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