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The Australian Banking Association (ABA) is the information source for the news media on the Australian banking industry, providing information, analysis and context on industry issues.

The ABA plays an active role in the public dialogue on banking and financial services, providing commentary on broader industry issues and facilitating access to other sources of information.

For media inquiries contact [email protected] or 0475 741 007.


COVID-19 Banking Timeline

see what’s happened in the Australian banking sector


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Transcript
COVID-19 refinancing breaks records: Anna Bligh on ABC News Breakfast
2 November 2020

“we’ve seen a record high number of Australians switch their loans, either to another bank or gone to their own bank and got a better deal.”

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Transcript
ABC Sydney Radio – Interview with Anna Bligh
30 October 2020

Anna answered questions about the impact of COVID-19 on banks’ profits, how banks have responded to help customers during the pandemic and what’s happening next to customers who’ve deferred their mortgages.

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Media Releases
Bushfire Royal Commission to improve disaster coordination
30 October 2020

“Banks play a vital role in helping Australians survive and recover from bushfires and other disasters”, said ABA CEO Anna Bligh.

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October 2020 ABA Monthly News
22 October 2020

Despite weaker demand, Australia’s banks have lent $41 billion to small businesses and sole traders since 1 February. That’s an average of $215 million each and every day, for 250 days.

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Media Releases
Flow of credit to small business remains strong
20 October 2020

Since February 1, Australian banks have approved over $41b for SMEs and sole traders. That’s an average of $5 billion per month.

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Transcript
Today interview with ABA CEO Anna Bligh: “banks are very encouraged”
15 October 2020

Interview: Almost 45% of Australians who deferred their mortgages in June have begun repaying their loans.

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Media Releases
Repayments have resumed on almost half of deferred loans
14 October 2020

Almost half of deferred loans are now being repaid again as Australians recover from the pandemic

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Report
Protected: Use of credit cards for gambling transactions
11 October 2020

There is no excerpt because this is a protected post.

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Media Releases
Budget 2020 charts the road to recovery
6 October 2020

This year’s federal budget will help Australia recover from the economic impact of COVID‑19 and create jobs as the nation recovers. The Australian Banking Association has welcomed the strong focus on support for small and medium businesses and direct assistance to families. “Australian banks stand ready to continue their role helping millions of Australians through… Read more »

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Media Releases
Government digital plan good for consumers
29 September 2020

“These changes will make banking faster and easier” said ABA CEO Anna Bligh

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Media Releases
Changes to Australian Credit Laws
25 September 2020

“Banks look forward to working with the Government to ensure the legislation works for both customers and the broader economy”.

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September 2020 ABA Monthly News
17 September 2020

As people approach the end of their six-month loan deferral, banks will implement a new phase of support to assist customers to return to repayments.

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Media Releases
6-month loan assessments begin as Australians resume loan repayments
7 September 2020

Australia’s banks supported their customers as the country entered the COVID-19 pandemic and they continue to support them on the way out.    As the initial wave of 6-month loan payment deferrals come to an end, banks have begun to contact customers for their 6-month assessment and to discuss the next stage of support and assistance. … Read more »

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FAQs: what you need to know about COVID-19 bank relief
20 August 2020

Helping businesses to remain viable and keeping people in their homes is good for everyone.

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August 2020 ABA Monthly News
6 August 2020

During Victoria’s Stage 4 lockdown, banking has been classified by the Victorian Government as critical, enabling banking services to continue, with work-related travel (such as restocking and servicing of ATMs) permitted.

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Media Releases
Increased small business lending boosts Australia’s economic recovery
24 July 2020

“These figures show there are some green shoots emerging in our economy and that’s a positive sign.” – ABA CEO Anna Bligh

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Media Releases
SME Loan Guarantee expanded: a welcome extension
20 July 2020

“This will be welcome news for SMEs and opens up the scheme to those businesses who are looking to invest or need some extra support.”

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Media Releases
Banks enter phase two on COVID-19 deferred loans
8 July 2020

This new phase of support turns a cliff into manageable steps for Australians to get back on track.

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July 2020 ABA Monthly News
1 July 2020

Open Banking officially began in Australia on July 1. It will ramp up across the banking sector over the next few months. Customers will be able to securely share their data to get the best deal possible on credit cards, savings accounts and other deposit products.

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Media Releases
Open Banking data flows from today
1 July 2020

“Customers can be assured that they will always be in control of how and when they share their data.”

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