Thursday, October 15, 2020

Home loan deferrals halve leaving rest still reliant on emergency bank support; I speak with Bank of Queensland boss George Frazis

Half of Australia's paused home loans still not being repaid as amnesty period comes to a close.

Updated data from the Australian Banking Association shows almost half of the deferred loans are now being repaid - down from a crisis peak of almost 700,000 - as the economy shows signs of recovering. 

Bank of Queensland chief executive George Frazis speaks with ABC's Peter Ryan, warning that the economic recover depends on the search for a successful vaccine.



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