RBA's Debelle - non-performing loans currently pose little risk

Author: Eamonn Sheridan | Category: Central Banks

Reserve Bank of Australia Deputy Governor Guy Debelle


  • mortgage arrears rate at 1%, low by historical, international standards
  •  mortgage arrears rates have been increasing in recent years, highest for around a decade
  • says unlikely that national arrears rate will increase substantially from here
  • says tighter lending standards placed downward pressure on arrears
  • non-performing loans currently pose little risk to health of financial institutions
  • risks that mortgage arrears currently pose to bank profitability ar low

says risks that mortgage arrears currently pose to bank profitability are low
Headlines via Reuters,

debelle rba deputy governor

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