Good results but it would be beneficial rather than just reporting the number of borrowers impacted by COVID but by dollar value too. It would allow an analysis of the impact of cash flow.... A lot of those deferred loans D day will be next year once all these deferral arrangements go, gov job keeper go. safe to say warehouse funding providers are only providing a max 6 month relief on these loans not being considered arrears (in line with the wider industry).
Good to see unrestricted cash up over the period should put a bit of a buffer but its a shame they haven't accessed the AOFM's SFSF yet as well as the forbearance SPV. https://www.aofm.gov.au/sfsf.
Origination numbers seem solid and in line with most commercial loan growth.
Still think this is definitely an under serviced segment and with the gov support prospa should be able to ride this out and on to new highs.
Ann: PGL Trading Update and Continued COVID-19 Response, page-2
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