ANZ profit plunges by 42% as one-in-ten borrowers defer their mortgage

ANZ profit plunges by 42% as one-in-ten borrowers defer their mortgage

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ANZ’s profit has plunged by 42 per cent as one-in-ten home borrowers deferred their mortgage repayments to cope with the coronavirus recession. At the height of the economic crisis, Australia’s fourth biggest bank has revealed 95,000 out of its one million-plus customers were granted a reprieve of up to six months, between March and September.
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