Business
Loan deferrals down, big four ASX banks up?
The value of total loan deferrals in Australia has fallen month-over-month to approximately $50 billion or 2% in November 2020 according to the Australian Prudential Regulation Authority (APRA)’s monthly disclosure on loan repayment deferrals. This compares to the peak of more than $250 billion or 10% in May 2020.
Goldman Sachs has summarised its key takeaways on loan deferrals and the improvements it has observed in the big four ASX banks. We take a closer look.
Big four ASX banks analysis
Westpac Banking Corp (ASX: WBC) currently has the most substantial share of deferrals, which can be explained by its large balance sheet, according to Goldman.
Adjusting for balance sheet size, Australia and New Zealand Banking Group…
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