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Australian Banking Association says most loans put on hold during pandemic have resumed repayments – NEWS.com.au

Australian Banking Association says most loans put on hold during pandemic have resumed repayments

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The nations peak banking body says nearly all Aussies whose loans were placed in deep freeze because of the coronavirus pandemic have now resumed repayments. Figures from the Australian Banking Association show 97 per cent of the those with home and business loans suspended during the crisis had started paying them back — a sign households and firms are recovering from the economic downturn.
ABA chief executive Anna Bligh said Wednesday marked one year since Australia’s banks offered loan deferrals…

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