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CUA sees hopeful repayment signs ahead of loan cliff

Australia’s largest customer-owned banking outfit, CUA, says more than three-fifths of borrowers who applied for pandemic assistance are indicating they can start repayments.

The results of the Brisbane-based credit union’s survey of customers comes amid concerns about a cliff facing Australia’s economy when banking relief measures and government stimulus are scheduled to wind back in October.

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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/cua-sees-hopeful-repayment-signs-ahead-of-loan-cliff-20200628-p556xo