Australian banks loaned $53B to SMEs during the first year of COVID, averaging $1.3B a week.
61% of all new business loans during the first 300 days of the COVID-19 pandemic were to small or medium sized enterprises.
Related Insights
Agribusiness
Lending to agribusiness
Bank lending to agribusiness has risen to a record $104.7b as at September 2022.
Scams
Scams: A snapshot
Mobile Apps averaged $18k per scam. 12% of reported scams resulted in financial losses for a total of $336 million lost.