24 September 2017
Statement from Anna Bligh, Australian Bankers’ Association Chief Executive
“The ABA welcomes the announcement from the major banks today to abolish ATM fees.
“It’s a boon for customers and makes banking more affordable for everyday Australians.
“This is the latest in a suite of initiatives by banks to create better products and services for customers and boost customer choice, including reducing interest rates on credit cards and offering fee-free transaction accounts.
“A competitive banking system is good for customers and good for the sector.”
Contact: Stephanie Arena 0477 470 677 or Nathalie Samia 0410 348 531
Access to credit opens up opportunities and fulfills aspirations. Getting it right requires the right balance between consumer protections and the flow of credit.
Interviewed by AM’s Peter Ryan, ABA CEO Anna Bligh talked about the substantial drop in loan deferrals since their peak during the pandemic, falling from 900,000 to 300,000.