Banks' deferred loans hit $274b as more borrowers pause payments

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Australian banks allowed borrowers owing another $40 billion to pause their repayments in June as an emergency response to the coronavirus, taking the total value of deferred home loans and small business loans to $274 billion.

As banks signalled they would seek to support struggling customers in Victoria, official figures on Tuesday showed that even before the state's second lockdown, the total stock of deferred loans held by banks was accumulating.Paul Jeffers

In a sign of the pragmatic approach banks might take to customers in Victoria, Commonwealth Bank chief executive Matt Comyn said the lender was focusing closely on customers in the state, as it checked in on those with deferred loans. ANZ Bank chief executive Shayne Elliott also said the bank was open to being more flexible with customers if needed.

APRA said the most noticeable change in its data was an increase in the value of loans exiting from deferral, which rose from $2 billion in May to $18 billion in June. APRA said the majority of these loans returned to performing status.

 

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I don’t even have at least IDR 150,000,- extra budget outside of necessities if just the spy gone nasty.

Wait til it burst.....pile up more deferred payments

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