Noosa News
Deferred loans in sharp decline a positive sign for recovery
Thursday February 11, 2021
In a further sign that the Australian economy is recovering from last year’s recession, new figures show that loans put on hold during the COVID-19 pandemic are shrinking fast.
Australian Banking Association CEO Anna Bligh says banks want their customers to succeed. (Photo: ABC News: Mary Lloyd)
At the peak of the pandemic, Australian banks deferred almost one million mortgages and business loans to assist the economy during the downturn.
Australian Banking Association figures show across the nation’s seven largest banks there are now only 118,000 or 15…
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