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Tag: bite

Thawing of frozen loans stalls as restrictions bite

The $229 billion of loans on repayment deferrals represents 8.5 per cent of $2.7 trillion in total loans, down from 9 per cent in July and 10 per cent in June.

The mixture of home loans to SME loans is broadly the same, with the value of home loans falling to $160 billion in August from $167 billion in July and deferred SME loans falling to $53 billion from $55 billion over the same period.

Lender level data shows Bank of Queensland remains the big lender with the highest proportion of deferred loans, accounting for 12 per cent of its total book. BoQ has frozen repayments of 11 per cent of its home loan book and 21 per cent of its SME loan book.

Earlier this week the bank announced it was ramping up provisions for bad debts to $175 million after taking into account the worsening impact of the

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