Banks urged to 'flex' as Victoria battens down the hatches (AFR)

04 August 2020

Data on loan deferrals released by the prudential regulator and by Firstmac provided new insight into the $274 billion worth of frozen loans as of the end of June, which was 3 per cent higher than a month earlier.

Before the tougher Victorian lockdown was introduced, Firstmac had seen a steady improvement in the number of customers with deferred loans. The number with fully or partially suspended repayments had fallen to 5.1 per cent at the end of July from 5.65 per cent on May.

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