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Floods dampens sales rather than repayments at SuncorpThis is a discussion on Floods dampens sales rather than repayments at Suncorp within the Latest News forums, part of the Local Happenings category; This year's Queensland floods are hindering Suncorp's banking business by robbing it of opportunities for new business rather than by causing borrowers to miss payments. So the bank has elected ... |
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10th November 2011, 07:10 AM
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 |  Floods dampens sales rather than repayments at Suncorp This year's Queensland floods are hindering Suncorp's banking business by robbing it of opportunities for new business rather than by causing borrowers to miss payments. So the bank has elected to release A$20 million of a $25 million provision against losses from the floods raised earlier in the year. More...
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