Business
NAB exec says under-pressure businesses need all the help they can get – Sydney Morning Herald
NAB business banking executive Tania Motton says reduced JobKeeper payments will put further strain on businesses.
Ms Motton said government subsidies were just one factor that would determine the viability of businesses going forward and welcomed moves towards deregulating the economy, including changes to responsible lending and insolvency laws.
NAB has approved around 40,000 business loan deferrals, Ms Motton said, and has guaranteed 6087 government-backed business support loans.
Around 15 per cent of NAB customers who had applied for loan deferrals had now started to make repayments, and the bank was r…
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