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SCF's good asset realise a third of total book

Thursday 27th of October 2011

 

In their latest report, the receivers say loan book realisations, including the sale of Face Finance's loan book and SCF's “good bank,” and operating lease income totalled $371.2 million.

A separate report on Face Finance shows its sale in May 2011 to GE Capital was at or about face value – loan book and leased assets realisations totalled $105 million and other items such...

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