Debt agreement and bankruptcy stats are down a lot:(Here's the...

Debt agreement and bankruptcy stats are down a lot:
(Here's the link: https://www.afsa.gov.au/statistics/personal-insolvency-statistics-0 )


Victoria is at it's lowest point since 2013. NSW not far off. They're the two largest states.

In that context, I think FSA have done very well. From a peak of $395m (or there abouts), they're now down roughly 5% (maybe verify the precision of those, it's probably slightly off). That's very different to -20%. What's better is they set themselves up for a decent profit figure by cutting costs with their India/Philippines approach.

Personal loan book is still going strong. The 3% odd figure is a 30 day arrears figure. To truly see the strength of this book, actual losses were $280k on a starting book (for the year) of $43m from memory. That's less than 1%. 90day arrears for prime mortgages sits at about 90bps from memory, depending on which of the big 4 you look at. I think that's a stellar performance.