Chairman's Report 2007-2008

Financial Review

The financial year ending June 2008 was characterised by the dislocation of global debt and credit markets as a result of the sub-prime lending practices in the United States of America. The financial repercussions quickly swept across the global financial markets causing a large number of banks in the USA, England and Europe to experience significant financial distress by having to write off large amounts of loans and investments.

Click the link for the full Chairman's Report or Download the annual report

Requires Adobe Reader. Click here for a free download if you don't have it.