News & Analysis

Australian banks are giving small business an $8 billion, six-month reprieve on loan repayments

- March 20, 2020 2 MIN READ

Banks will offer small businesses a six-month deferral on their business loan repayments as part of the finance sectors response to Covid-19. Australian Banking Association CEO Anna Bligh said the move will “deliver up to $8 billion back into the pockets of small businesses” across more than $100 billion worth of business loans Bligh said all… Read more »