Get more information on how banks can help you.
8 May 2020
New figures released today show Australia’s banks have deferred an extra 100,000 loans, including approximately 50,000 home loans, over the last week to help customers through the COVID-19 pandemic.
The total number of loans deferred is now at least 643,000.
This new data released today shows the total value of loans deferred by Australia’s banks is now at least $200 billion.
Australian Banking Association CEO, Anna Bligh said this showed that the financial impact of the crisis was still unfolding and customers continued to need support from their bank to get through it.
“New data released today shows that in just one week an extra 100,000 customers have had their loans deferred, including 50,000 home loans, to take the pressure off household and business budgets as they navigate through this pandemic,” Ms Bligh said.
“These updated figures, together with figures not previously reported, bring the total number of loans deferred by Australia’s banks as a result of the COVID-19 pandemic to over 643,000, of which approximately 392,000 are home loans.
ABA CEO Anna Bligh
“These updated figures, together with figures not previously reported, bring the total number of loans deferred by Australia’s banks as a result of the COVID-19 pandemic to over 643,000, of which approximately 392,000 are home loans.
“The total value of loans which has been deferred has increased by at least $20 billion in just one week.
“These new figures, released today, shows banks working overtime to ensure assistance is given where needed to customers who are affected by this crisis.
“The surge in demand for assistance from banks shows that the economic impacts continue to be felt, and by no means is the nation through this crisis,” she said.
ENDS
Contact: Rory Grant 0475 741 007
Latest news
Transcript
Anna Bligh interview on ABC Radio National Breakfast speaking about the banks’ response to the Federal Budget
Read more
17 May 2024
16 May 2024 Patricia Karvelas Before Tuesday’s federal budget, the big four banks were predicting interest rates to start falling before the end of the year. But in response to what they say is expansionary spending, including tax cuts and billions for renewable energy infrastructure, some economists are changing their tune. Treasurer Jim Chalmers has… Read more »
Transcript
Anna Bligh speaking to ABC Sydney Drive about financial abuse
Read more
17 May 2024
13 May 2024 Richard Glover Hundreds of people gathered in Forbes yesterday, Mother’s Day to walk in memory of young mother Molly Ticehurst allegedly killed by her former partner who was on bail. As you know at the time of the alleged incident 27 women have died as a result of domestic or family violence… Read more »
Transcript
Anna Bligh speaking to 4BC on HECS debt and lending
Read more
17 May 2024
Sofie Formica ABA CEO Anna Bligh is joining us on the line. Good afternoon, Anna, and thanks for connecting. Anna Bligh Good afternoon Sofie, nice to talk to you again. Sofie Formica You too. So, can you just talk us through this? Let’s start at the beginning. How are banks assessing student debt now when… Read more »