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ANZ CEO Shayne Elliott says customers are wiping billions off debt during pandemic – NEWS.com.au
ANZ CEO Shayne Elliott says customers are wiping billions off debt during pandemic
ANZ Bank says its customers have wiped billions of dollars off their credit card debt as the coronavirus-induced recession fuels financial caution. In a House of Representatives economics hearing on Friday, ANZ chief executive Shayne Elliott said customers had become more prudent during the pandemic, wiping about $2 billion from the major banks’ credit card loan book.
Australia’s big four banks will front the committee chaired by Liberal MP Tim Wilson over the next week to explain how the econo…
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