The new measures are being hailed as a "turning point" for the property sector, which accounts for a quarter of China's economy.
November 15, 2022Borrowers that have difficulty repaying their loans can apply for a three to six month deferment. The deadline for applications is 30 June 2023.
May 27, 2022Banks are directed to increase financial support for transportation enterprises, including by offering them new lending, deferring loan repayment, and lowering loan interest and fees.
April 19, 2022The report recognises the actions of central banks, financial authorities and regulatory agencies amid the pandemic, saying they were critical in stabilising markets.
May 27, 2021Banks are continuing to work with borrowers who still need help to get back on track, says NZBA chief executive Roger Beaumont.
April 5, 2021Individuals and businesses who have already received deferrals on loan and interest payments can re-apply for further extensions.
March 5, 2021No customer is going to wake up the day after 31 March and find that there is some legal action being taken by their bank on their loan, said ABA CEO Anna Bligh.
February 22, 2021The ABA says 45% of deferred mortgages and 41% of small and medium business loans that had been deferred are back to making regular loan repayments.
October 15, 2020The extension means banks can continue to offer temporary mortgage deferrals to their customers without the loans being treated as in default.
August 18, 2020The ABA's small business relief package will be extended to larger businesses, including commercial property landlords who agree not to terminate leases or evict tenants.
March 31, 2020