1 November 2024
Banks stand ready to support Far West NSW communities hit by recent storms and ongoing power outages.
ABA CEO Anna Bligh acknowledged that many households and businesses in the Far West were still feeling the effect of this severe weather event.
“My message to customers in these communities, is please reach out to your bank if you need financial assistance,” Ms Bligh said.
“Banks have highly experienced hardship teams ready to help customers who have been impacted by natural disasters.
“You don’t need to tough it out on your own. Banks are here to help, and the sooner you get in touch the easier it will be for support options to be put in place.
“In addition to financial assistance provided by the Federal and NSW Governments, banks have a range of very practical measures available to support people.”
Depending on individual circumstances, banks can assist by:
- deferring upcoming loan or credit card payments
- providing emergency credit limit increases
- restructuring existing loans
- offering additional finance to help cover cash flow shortages
For more information, please visit the ABA’s Natural Disaster Assistance webpage.
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