Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

ASB launches Pike River Support Fund

Media release
25 November, 2010

ASB launches Pike River Support Fund and Emergency Assistance Package

ASB Bank has responded to the Pike River Mine tragedy by opening a special account for public donations to assist those families who have been impacted. ASB will be making a substantial donation to this fund. Details are as follows:

“Our priority is to ensure that ASB’s response to this terrible tragedy takes into account the views of the people living and working in the local Greymouth community who are closest to the situation,” says Ian Park, ASB Acting CEO.

“We have also been talking to the local Greymouth community leaders during the week to determine how we can best provide ongoing relief and support.”

“With many people requiring prompt assistance with their financial concerns and enquiries, ASB, including our branches based in Greymouth, Hokitika and Westport, is ready to respond immediately to our customers’ needs. We also have dedicated resources manning ASB’s Financial Help Line (0800 272 735),” adds Mr Park.

ASB has announced a special customer assistance package which is available for customers in need. This includes:

• Up to $10,000 secured overdraft for home loan customers and $2,000 for other personal customers at a reduced variable interest rate that is 1.25 percent below our variable housing rate (the current interest rate for these loans is therefore 5 percent)
• Loan holidays on request
• Provision of additional loans or changes to repayment arrangements for home loan and business loan customers experiencing financial difficulties as a result of this disaster
• Review of credit card instalment repayments, including immediate consideration of requests for emergency limit increases
• Expediting claims to ASB’s insurance partner, Sovereign
• Waiving term deposit break fees for impacted customers wishing to access their funds ahead of maturity date.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Government: Delivering Lower Card Fees To Business

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses ... More>>

SEEK NZ Employment Report: April 2021

OVERVIEW OF APRIL 2021: STATE OF THE NATION: April, for the second consecutive month, saw the highest number of jobs ever advertised on seek.co.nz. Applications per job ad fell 9% month-on-month (m/m). SEEK job ads were up by 12% m/m. SEEK job ads were ... More>>

Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

Stats: Lower Job Security Linked To Lower Life Satisfaction

People who feel their employment is insecure are more likely than other employed people to rate their overall life satisfaction poorly, Stats NZ said today. New survey data from the March 2021 quarter shows that 26 percent of employed people who thought ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. More>>