Unlike Commonwealth Bank, which this week said it expected the majority of people deferred loans could resume repayments, Mr McEwan said it would not make a prediction on how many of these customers would recover. The bank has in recent months been calling clients with deferred loans, and Mr McEwan said it had contacted 24,000 of the 90,000 customers so far, starting with the highest-risk loans.
As ASIC said, well take every reasonable step to keep people in homes and keep them moving, but there unfortunately will be some situations where its better off for people to actually sell up and start again, so that they can take some equity out of the situation.
NAB chief Ross McEwan
“I think well hold our views on this until weve done a lot …
Read the full article at: https://www.brisbanetimes.com.au/business/banking-and-finance/nab-profits-slump-7-percent-meeting-costs-target-increasingly-challenging-20200813-p55lga.html