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COVID-19 Banking Timeline
see what’s happened in the Australian banking sector
“right at the height of COVID, when things were at their absolute worst, only 10% of Australian mortgage holders deferred the payments on those mortgages. 90% of those people are now back paying in full.”
“No customer is going to wake up the day after the 31st of March and find that there is some legal action being taken by their bank on their loan.”
What’s happened in the Australian banking sector during the coronavirus pandemic.
Today the Treasurer met with the CEOs of ANZ, NAB, Westpac and the Commonwealth Bank who agreed to bolster their efforts to prioritise any business needing funding to bridge the gap until the first Jobkeeper payments are made in May. It was agreed special hotlines would be set up to help manage the applications from… Read more »
Businesses may be able to use their upcoming JobKeeper payment to seek credit so they can pay employees until the scheme is up and running.