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Bank takes car loans for funding drive

March 31st, 2008 by admin

AMID concerns that a slowing economy could harm its ability to meet earnings guidance, St George Bank has dusted off a tool not used in almost a decade to broaden its funding base and tackle the effects of the global liquidity crisis.

In a deal worth about $340 million, St George has issued securities backed by auto loans for the first time since 1999. Read more
Courtesy:business.smh.com.au

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