You are here

Australian banks announce A$100b loan relief package for businesses

AB_rba_200320.jpg
Australian banks on Friday said they would defer loan repayments for six months for small businesses impacted by the coronavirus in a A$100 billion (S$83.3 billion) relief package.

[SYDNEY] Australian banks on Friday said they would defer loan repayments for six months for small businesses impacted by the coronavirus in a A$100 billion (S$83.3 billion) relief package.

Depending on customer take up, this could help put as much as A$8 billion back into the coffers of...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes