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Austin, TX (ZPRYME NEWS) – 04/15/08 - For one reason or another the Australian and New Zealand Banking Group (ANZ) incurred bad debts higher than earlier estimated. The Australian Business stated that, “The bank now has $975 million set aside to cover bad debts for the first half of the year, compared with its earlier estimates of $567 million for the full year.” This year’s bad debt is high in comparison with last year’s debt. The World Today stated, “That's up more than 70 percent from this time last year.”