Skip to main content
New Financial Assistance Hub

Bank support to flood impacted Kimberley region

<strong>Bank support to flood impacted Kimberley region</strong>

9 January 2023

The Australian Banking Association said banks are ready to support communities impacted by flooding in the Kimberley region.

WA emergency services described ex-tropical cyclone Ellie as producing the worst flooding ever seen in the region. There has been significant damage to properties and businesses, and challenges in evacuating locals to safety.

Chief Executive Officer, Anna Bligh said, “This weather system has affected many in the region and banks stand ready to support impacted communities and businesses. Our message to those experiencing these challenging times is ‘don’t tough it out on your own’. When you can, call your bank if you are in financial difficulty, they are ready to help.”

“Banks hardship teams have experience working with those impacted by floods and can assist with a range of practical measures to support people to get through,” Ms Bligh said.

Depending on individual circumstances, ABA member banks offer assistance to help customers including:

  • A deferral of scheduled loan repayments, on home, personal and some business loans for up to 3 months
  • Waiving of fees and charges, including for early access to term deposits
  • Debt consolidation to help make repayments more manageable
  • Restructuring existing loans free of the usual establishment fees
  • Offering additional finance to help cover cash flow shortages
  • Deferring upcoming credit card payments
  • Emergency credit limit increases

    “Our thoughts are with emergency services, those lending support to others and the entire Kimberley region”, said Ms Bligh.

    Talk to you bank if you’ve been impacted by floods

    Latest news

    1 / 3
    Anna Bligh interviewed by ABC RN’s Hamish McDonald on branches and changing customer trends
    21 September 2023

    Hamish MacDonald: A Senate inquiry is examining a wave of bank closures that have hit regional Australia particularly hard. More than 1600 bank branches have closed nationally in the past six years, including 309 in the last financial year. Like post offices and milk bars, bank branches form part of the architecture of regional communities… Read more »

    Read more
    ABA News
    Online gambling credit card ban one step closer 
    14 September 2023

    New laws banning the use of credit cards for online gambling are one step closer with the introduction of the Federal Government’s Interactive Gambling Act 2001 Bill to Parliament.  The Australian Banking Association (ABA) has welcomed this milestone saying the new laws will make it illegal for an online gambling company to accept a credit… Read more »

    Read more
    ABA News
    New identity verification safeguards a step in the right direction  
    14 September 2023

    The Australian Banking Association (ABA) has welcomed the introduction of new legislation to boost the security of identity verification services.

    Read more