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AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

(ANZ)
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Australia and New Zealand Banking : ANZ backs Government's expanded recovery loan scheme for small and medium businesses

08/24/2021 | 08:14pm EDT

Under the expanded scheme, eligible businesses no longer need to have received JobKeeper assistance during the March quarter, or to have been flood-affected.

The scheme continues to support eligible business that have been affected by the pandemic with a turnover of less than $250 million by providing access to loans of up to $5 million at historically low rates.

ANZ Managing Director Commercial and Private Banking, Isaac Rankin said: 'We are seeing the ongoing impacts of the pandemic continue to hit small and medium business in particular, so we fully support the Federal Government's expansion of this important scheme.

'This will mean a greater number of affected businesses that are doing it tough can access this support and ANZ stands ready to help our customers as soon as we have clarity on the expanded scheme's rules,' Mr Rankin said.

ANZ continues to support our customers impacted by COVID-19 through a range of support and relief measures.

All customers who need assistance should contact ANZ to discuss their specific needs. More information, including contact details can be found at anz.com/covid-19

Disclaimer

ANZ - Australia & New Zealand Banking Group Ltd. published this content on 25 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 August 2021 00:13:03 UTC.


© Publicnow 2021
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Sales 2021 17 363 M 12 977 M 12 977 M
Net income 2021 6 130 M 4 581 M 4 581 M
Net Debt 2021 - - -
P/E ratio 2021 13,7x
Yield 2021 4,94%
Capitalization 78 840 M 59 043 M 58 923 M
Capi. / Sales 2021 4,54x
Capi. / Sales 2022 4,35x
Nbr of Employees 37 844
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Number of Analysts 15
Last Close Price 28,24 AUD
Average target price 29,70 AUD
Spread / Average Target 5,17%
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Managers and Directors
Shayne Cary Elliott Chief Executive Officer & Executive Director
Farhan Faruqui Chief Financial Officer
Paul Dominic O'Sullivan Chairman
Gerard Florian Group Executive-Technology
Michael Liarakos Chief Compliance Officer