MANUFACTURERS NAT'L <MNTL.O> ADDS LOAN LOSSES
Manufacturers National Corp said it will
add 30.4 mln dlrs to its reserve to cover exposure for Latin
American loans.
    It said the added reserves are expected to result in a
second-quarter loss of about 10 mln dlrs for the corporation.
    Of the 30.4 mln dlr provision, 20 mln dlrs is in general
loan loss reserves for the main bank of the holding company,
Manufacturers National Bank of Detroit, and 10.4 mln dlrs is a
writedown of the investment in two nonconsolidated affiliates.
It said it still expects to be profitable for the year.
 Reuter
