Financial market: Temporary loan repayment deferrals
The Australian Prudential Regulation Authority (APRA) is an independent statutory authority that supervises institutions across the banking, insurance and superannuation sectors and promotes financial stability in Australia.
Many authorised deposit-taking institutions (ADIs) have granted temporary relief to borrowers impacted by COVID-19, allowing them to defer loan repayments for a period of time. To provide greater transparency of loan repayment deferrals at the industry level, APRA is publishing the aggregated data obtained from Australia's 20 largest ADIs (by loan size) (for data prior to June 2020) and from all ADIs excluding foreign branches (for data from June 2020).
The temporary repayment deferral programs were implemented within tight timeframes and the data has been submitted to APRA on a best endeavours basis. As ADIs improve their ability to capture these data items, resubmissions are expected. APRA will continue to publish this aggregate information on a monthly basis until loans subject to repayment deferrals are no longer a notable component of the ADI industry’s total loan portfolio.
For more information on the banking sectors and the period of disruption driven by COVID-19, APRA has published a set of Banking COVID-19 frequently asked questions (https://www.apra.gov.au/banking-covid-19-frequently-asked-questions).
APRA data are also used in the following dashboard menu option: Monthly authorised deposit-taking institution statistics and Monthly banking statistics (historic, discontinued).
See statistical publications on the APRA website (www.apra.gov.au/temporary-loan-repayment-deferrals-due-to-covid-19-dashboards-accessible-version) for source data and further important interpretative information. Source reference publication Temporary loan repayment deferrals due to COVID-19, accessible version.