Business
Banks brace for 2021 mortgage default tsunami – MacroBusiness
ANZ CEO Shayne Elliott believes Australia’s banks won’t feel the full impact of the COVID-19 recession until loan repayment holidays and emergency income support expires next year: ANZ has provided deferrals to property loans to the value of $31 billion, or a…
ANZ CEO Shayne Elliott believes Australia’s banks won’t feel the full impact of the COVID-19 recession until loan repayment holidays and emergency income support expires next year:
ANZ has provided deferrals to property loans to the value of $31 billion, or about 10 per cent of its home loan book…
[But] Elliott says the banks customer check-ins show it is only between 10 per cent and 20 per cent who feel they are in serious financial trouble…
The total numbers are in the thousands of customer…
