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.
Latest news
Gary Hardgrave (Host): To the story, Christine Rose and her husband, David, they fell victim to a vicious, really vicious scam. It’s robbed them of $40,000 the money was the house deposit for their first property purchased together. It’s all gone because a cyber-criminal impersonated their solicitor. Christine Rose (clip from previous interview): It’s affected… Read more »
Shoppers on the hunt for a bargain during the Black Friday sales period are being warned to be on high alert for scams. The Australian Banking Association is reminding shoppers to be on the lookout for popular scams that are circulating: ABA CEO Anna Bligh said scam activity always surges during the Black Friday sales… Read more »
Cassandra Hough (Host): Now staying with the drought, and off the back of all this drought concerns and frost events, there are a lot of producers facing financial distress, and as we heard on the program yesterday, they’ve been asking for banks to be flexible and provide some tailored support for farmers going forward. But what… Read more »