ICBC takes hit on CBL debt
Disclosure statements reveal impairment on loans to insurer.
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Hawke’s Bay
Chinese bank ICBC has taken a $10.2 million impairment charge on its lending to stricken insurer CBL.
Although CBL was not named in the lender’s disclosure statement for the year to December, details in the financial statements conform to those of the insurance group.
ICBC said after year end
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Tim Hunter
Tue, 03 Apr 2018
Tue, 03 Apr 2018
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ICBC takes hit on CBL debt
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