Business
Why bankers are so worried about their small business loan books – The Australian Financial Review
The Commonwealth Bank’s latest update on its home loan deferrals confirms the industry view that between 55 and 60 per cent of borrowers are now confident to re…
The country’s largest lender said yesterday that 40,200 home loan deferrals (worth a total of $15.9 billion) expired in September. The Commonwealth Bank agreed to extend the deferrals for 17,300 home loan borrowers (roughly 43 per cent by number) who owe a combined $7.2 billion (for up to an extra four months.
That means that 57 per cent of people whose home loan deferrals were due to expire in September some 22,900 borrowers owing a total of $8.7 billion felt they were now in a position to mee…
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