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APRA watching credit quality like a hawk – The Australian Financial Review
The prudential regulator is comfortable with the way the deferral numbers are going but will closely monitor key metrics.
Most are now either coming off deferral or being restructured in some way, he said. The deferral rates will come down significantly. At its peak, it was 10 per cent and its now down to 6.6 per cent, so its a significant reduction.
Data from the Australian Banking Association last week revealed that deferred loans across the largest banks, including ANZ, Bendigo and Adelaide Bank, Bank of Queensland, CBA, NAB, Suncorp and Westpac, had fallen 45 per cent from the peak.
Following earlier revelations…
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