Record result in August, page-3

Petrol prices quite high and tipped to get as high as $2. Iran sanctions and Venezuela problems etc.

Wonder is this is starting to push up arrears given petrol is a high % of disposable income for lower/middle income borrowers.

SB mentioned in the Thorney pres petrol was more significant to the loan book when asked about house prices.

I hope they are on top of new borrowers expenses using a good buffer for this. Pres mentions only 1/3 of loans approved, but maybe it needs to be lower if petrol gets higher.