ANZ to support Australian businesses through Australian Government and National Reconstruction Fund zero interest loan scheme

ANZ has announced it will offer zero interest loans to eligible business customers via the Economic Resilience Program funded through the National Reconstruction Fund Corporation on behalf of the Australian Government. The program has been designed to support Australian businesses facing financial pressure from the recent fuel supply shock, and ANZ’s participation reinforces the bank’s commitment to helping customers navigate challenging economic conditions.

Under the $1 billion scheme, ANZ’s allocation will provide its eligible business customers access to zero interest loans for up to two years to help manage rising fuel and input costs during a period of global economic disruption – quickly delivering support to where it is most needed.

ANZ Chief Executive Officer Nuno Matos said the bank recognises the pressure higher fuel prices can place on businesses and households and is focused on supporting customers through this period.

“We know many Australian businesses are dealing with higher operating costs at a time where margins might be tight and demand uncertain, and the impacts are often felt beyond the balance sheet. By participating in this scheme, ANZ is offering practical, timely support to eligible businesses.

“When costs rise suddenly and unpredictably, it can place real pressure on businesses, consumers and the community. If customers are facing challenges, we encourage them to get in touch with us early so we can understand their situation and work through potential support options that may be right for them,” concluded Mr Matos.

Applications for the Australian Government’s Economic Resilience Program open today, with loans administered through ANZ and other participating banks. Loans under the program are intended to support manufacturers and logistics companies in areas of the economy experiencing increased pressure such as fuel, fertiliser and other critical supply chain businesses.

Businesses seeking more information are encouraged to speak with their ANZ Relationship Manager as soon as possible, as funds are limited. Eligibility criteria apply. Full details can be found at anz.com.

ANZ will continue to work closely with government and industry to ensure timely and practical support is provided to its customers.

In addition to the zero interest loan scheme, ANZ offers a range of options for individuals and businesses who might require support at this time including loan repayment assistance, tailored cash flow solutions and flexibility for customers experiencing financial stress.

Download PDF

For media enquiries contact:

Kate Power
Public Relations Manager
Tel: +61 481 547 556

Alexandra La Sala
Public Relations Advisor
Tel: +61 499 292 554