Thursday, 27 June 2024 13:55

Bank ready to support weather-impacted customers

Written by  Jessica Marshall
ANZ managing director of business and agri, Lorraine Mapu. ANZ managing director of business and agri, Lorraine Mapu.

ANZ says it is ready to support its customers impacted by the recent severe weather on the East Coast.

“It’s been a tough few days for those impacted by the severe weather events, our thoughts are with those dealing with damage and destruction to the community and their businesses, and their family homes,”  says Lorraine Mapu, ANZ managing director of business and agri.

“We want to reassure our business, farming and personal customers the bank is here to work with them in the days and months ahead,” Mapu told Rural News.

Targeted assistance is available for business and farming customers such as temporary overdraft facilities and the ability to defer loan repayments or move to interest only to help ease some financial pressure.

“Our team are reaching out to farmers and our small and medium-sized business customers to see what else is needed,” Mapu says.

“We encourage personal and home loan customers to talk to us if they need to relieve pressure on their financial situation,” she says. “There may be a range of ways we could help, such as restructuring their home loan repayments or providing access to an overdraft facility.”

Business and Agri customers should speak to their relationship manager to discuss the impact on their business and their funding requirements.

All other ANZ customers should call 0800 269 296.

More like this

Feds, banks lock horns

Major rural lenders are welcoming a call by farmers for the Commerce Commission to investigate their net-zero emissions target.

Relief for farmers on floating interest rate

ANZ says the latest cut to its floating rates will be welcome news to many of its business and agri customers still feeling the effects of high inflation and interest rates.

ANZ defends farm lending rates

The country's largest lender to the agriculture sector says it's not favouring home loans over farm and business lending.

Featured

New UHT plant construction starts

Construction is underway at Fonterra’s new UHT cream plant at Edendale, Southland following a groundbreaking ceremony recently.

National

Machinery & Products

GEA launches robotic milkers

Milking technology provider GEA Farm Technologies is introducing its first automatic milking system (AMS) in New Zealand.

More front hoppers

German seeding specialists Horsch have announced a new 1600- litre double-tank option that will join its current Partner FT single…

Origin Ag clocks up 20 years

With roots dating back to 2004, Origin Ag was formed as a co-operative business model that removed the traditional distributor,…

» Latest Print Issues Online

The Hound

Dark ages

OPINION: Before we all let The Green Party have at it with their 'bold' emissions reduction plan, the Hound thought…

Rhymes with?

OPINION: The Feds' latest banking survey shows that bankers are even less popular with farmers than they used to be,…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter