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Politics : Formerly About Applied Materials

AMAT 318.70

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2:59 PM EST

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To: StanX Long who wrote (56652)	11/30/2001 4:03:00 AM
From: StanX Long	Read Replies (1) of 70976

Off Topic Friday November 30, 3:11 PM National Australia Bank Reports US$103.14 MLN Exposure to Enron sg.biz.yahoo.com SYDNEY, Nov 30 Asia Pulse - National Australia Bank Ltd (ASX:NAB) announced that it has a A$200 million (US$103.14 million) exposure to failing United States energy company Enron Corporation. NAB said its exposures were secured and unsecured but represented less than 0.1 per cent of the bank's large international loan portfolio. However, NAB said if the Enron exposure became non-accrual the bank's percentage of non-accrual loans to the total portfolio would increase from 0.75 per cent to 0.83 per cent on a proforma basis as at September 2001. "In the interests of a fully informed market the National Australia Bank today announced it has secured and unsecured exposure to Enron Corporation totalling approximately $200 million," NAB said in a statement. "Enron has been a long standing relationship customer of the group," NAB's chief financial officer Richard McKinnon said. "Exposure to Enron has been reducing in recent years.

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