ANZ Bank Profit Plunges 60%; Dividend Deferred on Virus

The video discusses the economic impact of COVID-19 on banks, highlighting the rise in impairments and the decision to defer dividends due to economic uncertainty. It also covers the situation of credit losses and non-performing loans, explaining that a clearer picture will emerge after payment holidays end.

What factors are influencing the banks' decisions regarding dividends?

When can we expect to have a clearer picture of the credit losses affecting Australian banks?