Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Flood victims given bank support

Staff Reporter 1 minute read

Staff Reporter

ANZ has said it will offer financial assistance to those affected by the most recent natural flood disaster.

Extreme rainfall over the past few days forced NSW premier Kristina Keneally to declare the south coast of NSW including the towns of Shellharbour, Kiama, Bega, and Bombala a natural disaster area.

As part of its financial assistance package, ANZ will allow borrowers to suspend repayments on loans, including credit cards, for up to three months (with interest capitalised) and provide temporary adjustments to lending limits, including credit cards, to assist with unexpected costs.

“At this point in time, it is too early to tell the extent of the flood damage. We know that floods can have a very real impact on many of our customers and we hope that this package provides some financial relief so the community can focus on the immediate recovery,” ANZ general manager regional commercial banking Tania Motton said.

Flood victims given bank support
default
TheAdviser logo

The not-to-be-missed Accountants Daily Strategy Day will travel through Melbourne and Sydney in August to equip accounting professionals with the latest industry updates and tips for modern practice management as well as the latest cutting-edge technology, processes, strategies and trends shaping the future of accounting. Visit the website for more information: www.accountantsdaily.com.au/strategy-day

default

 

more from the adviser
David Hyman

Breaking News

Brokers promote competition in lending: Lendi

Brokers are driving competition in the mortgages sector and chang...

money au ta

Breaking News

SME fintech closes $25m raise to fund expansion

An SME lender has raised $25 million in equity to fund the ‘rap...

loan application

Breaking News

Hot Property: The biggest property headlines from the week 26 to 30 July

The weekly round-up of the biggest news stories from across Momen...