Only 3.5% of deferred loans still in deferral: ABA : vimarsa

Only 3.5% of deferred loans still in deferral: ABA


Only 3.5% of deferred loans still in deferral: ABA
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New figures have revealed that almost 97 per cent of all deferred loans resumed repayments by the end of February.
The data from the Australian Banking Association (ABA) has shown that the total value of loans deferred has dropped from a peak of $245 billion in July 2020 to just over $10 billion in February 2021.
The ABA’s analysis of the Australian Prudential Regulation Authority’s (APRA) data on the latest loan deferral figures from the major banks has shown that as of 28 February, total outstanding deferrals make up 3.5 per cent of all loans that were deferred.

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