Investor Presentaiton
New Zealand deferrals.
Credit quality
Total mortgage deferral packages provided (% by balances)
■Returned to normal
~29,000
accounts
2.0
94.0
supported
(NZ$6.5bn in
balances)
4.0
repayment or paid down
■Restructured
■Hardship
Accounts in hardship following deferral
represent 29 bps of total New Zealand
mortgage accounts (42bps by balance)
•
Mortgage deferrals update
•
29k mortgage accounts supported with NZ$6.5bn in balances (~11%
of eligible mortgage lending)
1.6k accounts required further assistance (NZ$0.4bn in balances)
1k accounts moved into hardship arrangements following the end
of the deferral period (NZ$0.2bn in balances)
0.6k accounts had their loans restructured (NZ$0.1bn in balances)
A very small number of accounts remained in deferral in April
Total business support packages provided (% by balances)
•
■Temporary overdraft
77.1
~9,000
business
customers
supported
0.2
(NZ$2.3bn in
balances)
22.7
■Temporary change to
interest-only
Deferral package
No significant changes in levels of
stressed assets since COVID-19
began, remaining around 3%
59
Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack
•
•
•
Business support packages update
9k business accounts supported with NZ$2.3bn in balances (~9% of
eligible business lending balance)
Support provided included temporary overdrafts, temporary change
to interest only, and deferral packages, with the majority of
customers choosing temporary overdrafts or changing to interest
only
At end of March 2021 no COVID-19 temporary support packages
were outstanding with loans either paid down or returned to normal
repayment
No temporary support packages outstanding at end of March 2021
Westpac GROUPView entire presentation