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Latest banking statistics shows COVID-19 loan deferrals trending down – NEWS.com.au
Latest banking statistics shows COVID-19 loan deferrals trending down
Loan repayments placed in deep freeze because of the uncertainty fuelled by the 2020 coronavirus pandemic are trending down, according to the prudential regulator. Latest figures from the Australian Prudential Regulation Authority show at the end of November 2020 $60bn worth of business and mortgage loans remained on pause through deferral schemes implemented at the beginning of the pandemic.
The total value of loans still on hold is roughly valued at around $2.7 trillion and represents 2.3 per…
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