9 June 2016
Sydney, 9 June 2016: Communities impacted by the extreme weather along the country’s east coast can get help from their bank, the Australian Bankers’ Association said today.
“There are a range of assistance packages offered by banks to support customers during their time of need,” ABA Chief Executive Steven Münchenberg said.
“Banks want to help people with their financial commitments as they deal with the impact of the floods and storms.
“Affected communities and businesses should contact their bank to see what help is available,” he said.
The type of assistance offered by banks will depend on each customer’s circumstances and needs, but may include:
- Suspending home loan or credit card repayments
- Waiving charges associated with withdrawing term deposits early
- Emergency accommodation assistance, and
- Waiving fees related to restructuring business loans.
Contact: Stephanie Arena 0477 470 677 or Nic Frankham 0435 963 913
“The small business sector is already powering Australia’s economic recovery. In the three months to August 2021, $10 billion in new lending was made to small business.”