worried about what ?--and further more, page-57

Good post P5

I said quite some time ago to Bodo that I agreed with him that BEN has under-provisioned its accounts for bad/doubtful debts.

More recently I said maybe BEN is correct, as the court proceedings seem to be leaning BENs way, particularly after withdrawl by the plaintiffs in a similar case in Sydney against BEN relating to Gt.Southern loans.

But realistically, even if it ALL goes BENs way I would think they will need more provisions than those currently provided.

Re the > 90 day overdue accounts.

Not sure if knowing the details would tell you too much.

Most of them would be borrowers who CAN repay, but for the moment on legal advice, are electing not to repay.

A bit different to "normal" long overdue accounts some of which may be impossible to collect as the those in arrears simply have no money. I acknowledege in this case there will be some in that category, but they will be a smaller than normal number.

And if BEN wins the court case, the punitive penalty interest rates on these loans in arrears will be quite a bonus.