BOQ’s extraordinary loan deferrals

Via Banking Day:

Exposure to the healthcare, property and construction sectors in its SME banking division and to Queensland tourist districts in its home lending business account for Bank of Queensland’s high rate of loan deferrals.

Last month, when APRA released loan deferral data at the lender level, BOQ had the highest level of deferred loans. The bank’s 2019/20 financial report, released yesterday, explains why.

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