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Temporary loan repayment deferrals due to COVID-19, August 2020 - accessible version

These dashboards are from the Temporary loan repayment deferrals due to COVID-19, August 2020 publication.

Aggregate industry data on loans subject to repayment deferral dashboard

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 data obtained from ADIs.

Progressive total of loans subject to deferral: $229 billion of loans were subject to deferral at 31 August, representing 8% of total loans.

Monthly movements: 

$170 billion of loans were approved for deferral and $1 billion of loans expired or exited from deferral in April 2020.
$45 billion of loans were approved for deferral and $2 billion of loans expired or exited from deferral in May 2020. 
$40 billion of loans were approved for deferral and $33 billion of loans expired or exited from deferral in June 2020.
$20 billion of loans were approved for deferral and $40 billion of loans expired or exited from deferral in July 2020.
$14 billion of loans were approved for deferral and $24 billion of loans expired or exited from deferral in August 2020.

Proportion of total loans: 

At 30 Apr: 

  • Total loan deferrals – 9% of total loans, 
  • Housing loan deferrals – 9% of housing loans, 
  • SME loan deferrals – 16% of SME loans. 

At 31 May: 

  • Total loan deferrals – 10% of total loans, 
  • Housing loan deferrals – 11% of housing loans, 
  • SME loan deferrals – 18% of SME loans. 

At 30 June: 

  • Total loan deferrals – 10% of total loans, 
  • Housing loan deferrals – 10% of housing loans, 
  • SME loan deferrals – 17% of SME loans. 

At 31 July: 

  • Total loan deferrals – 9% of total loans, 
  • Housing loan deferrals – 9% of housing loans, 
  • SME loan deferrals – 17% of SME loans. 

At 31 August: 

  • Total loan deferrals – 8% of total loans, 
  • Housing loan deferrals – 9% of housing loans, 
  • SME loan deferrals – 16% of SME loans.

Number of loan facilities*: 

  • Total – 729,481 (4% of total facilities); 
  • Housing – 393,467 (7% of housing facilities); 
  • SME – 205,331 (11% of SME facilities).

*The number of facilities does not necessarily indicate the number of borrowers as individual facilities with more than one repayment type may be reported more than once.

Housing loan risk profiles**

Deferred housing loans (percentage of housing loans)

  • Loan to value ratio > 90 – 9%
  • Interest-only – 14%
  • Investor – 35%

Total housing loans (percentage of total loans)

  • Loan to value ratio > 90% – 5%
  • Interest-only – 16%
  • Investor – 36%

**to give an indicator of potential elevated risk in loans subject to deferral this chart compares loans subject to deferral to total loans across three key cohorts - loan to value ratio of greater than 90 per cent, investor loans and interest only loans. 

Borrowers continuing to make repayments: 

At 30 Apr: 

  • Partial Repayments – 13%; 
  • Full Repayments 21%. 

At 31 May: 

  • Partial Repayments – 8%; 
  • Full Repayments – 12%. 

At 30 June: 

  • Partial Repayments – 10%; 
  • Full Repayments – 10%. 

At 31 July: 

  • Partial Repayments – 9%; 
  • Full Repayments – 11%. 

At 31 August: 

  • Partial Repayments – 9%; 
  • Full Repayments – 10%.

Data as at 31 August 2020. Data prior to June from the largest 20 ADIs by loan size. Data from June from all ADIs excluding foreign branches.

Largest authorised deposit-taking institutions with loans subject to repayment deferral dashboard

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, APRA is publishing high-level data from ADIs with over $20 million in total deferrals and over 20 loan facilities. The data below is based on the available infographic, and contains data from ADIs with over $1 billion in total loans subject to repayment deferral.

Total loans subject to deferral – share of total loans. 

This chart shows the percentage of deferrals as a share of total loans for 12 ADIs. The largest share in August was BOQ at 12%, and lowest share were IBAL and HSBC at 4%.

Movements in the month of August 2020. 

This chart shows new or extended deferrals and expired or exited deferrals as a share of prior month deferrals. The largest movement in new or extended deferrals was SUN at 32%. The largest movement in expired or exited deferrals was SUN at 28%.

Share of total loans by type. 

This chart shows the percentage of small and medium business deferrals as a share of total small and medium business loans, and the percentage of housing deferrals as a share of housing loans. The largest share for small and medium businesses was CBA at 24%, the lowest was HSBC at 6%. The largest share for housing was ANZ at 12%, the lowest were SUN, IBAL and HSBC at 5%. 

Housing loan risk profiles. 

This chart shows both the percentage of housing deferrals with loan-to-value ratios > 90% as a share of total housing deferrals, and interest-only housing loans as a share of total housing deferrals. The largest share for loan-to-value ratio > 90% was CBA at 14%, the lowest was HSBC at 2%. The largest share for interest-only were MBL and BEN at 21%, the lowest were ANZ and HSBC at 8%.
 
List of entities in the infographic: 

  • AMP - AMP Bank Limited; 
  • ANZ - Australia and New Zealand Banking Group Limited; 
  • BEN - Bendigo and Adelaide Bank Limited; 
  • BOQ - Bank of Queensland Limited; 
  • CBA - Commonwealth Bank of Australia; 
  • HSBC - HSBC Bank Australia Limited; 
  • IBAL - ING Bank (Australia) Limited; 
  • MEB - Members Equity Bank Limited; 
  • MBL - Macquarie Bank Limited; 
  • NAB - National Australia Bank Limited; 
  • SUN - Suncorp-Metway Limited; 
  • WBC - Westpac Banking Corporation.

Data as at 31 August 2020.
 

For more information

Email dataanalytics@apra.gov.au or mail to

Manager, External Data Reporting – Data Analytics and Insights
Australian Prudential Regulation Authority
GPO Box 9836, Sydney NSW 2001

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