Velocity Trade senior banking analyst Brett Le Mesurier said the $1.1 billion provision for bad loans was smaller than predicted. “I hope they’re right, I’d like to think they’re right,” he said. “But it’s less than I had expected.”
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ANZ said 42 per cent of its 95,000 home loan deferrals were still being deferred. Of the 55,000 borrowers whose initial deferral periods had expired, 20 per cent had requested a further deferral (half from Victoria), 79 per cent had returned to full payments and 1 per cent had restructured or transferred to hardship payments.
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