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.
