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.
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“This is an important loan scheme that’s helping Australian businesses fight their way through the pandemic,”
“This is the right product for the times. It includes more flexibility, and will allow small businesses to re-stock, rebuild and recover”, said ABA CEO, Anna Bligh.
“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.”
Banking activity during the coronavirus pandemic. Between 14 May and 19 June the ABA published data on total deferrals member banks made to customers. These figures represented the sum total of deferrals made at the time of each data publication, and does not account for deferrals which had been reversed at the customer request. ABA’s… Read more »
What’s happened in the Australian banking sector during the coronavirus pandemic.
“Banks stand ready to throw a lifeline to businesses across the country who are doing it tough through this COVID-19 crisis.”