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

 

ASB Offers Relief To Customers Affected By Westport And Marlborough Flooding

 

ASB is supporting customers affected by the extreme weather event in Westport and Marlborough, offering tailored packages including suspension of home loan repayments and an emergency overdraft facility of up to $100,000 at a reduced variable interest rate of 2.95% p.a. for business and rural customers.

ASB executive general manager Retail Banking Craig Sims says the bank will work closely with its customers during this stressful time and will fast track any requests for emergency assistance. “We know people are doing it tough after days of severe rain, power outages and families and businesses being forced to evacuate. These challenges will continue long after the flooding subsides, and ASB is here to help.

“While the immediate focus needs to be on safety, we encourage our customers to get in touch with us when they’re ready to talk through their options. We hope our relief measures will ease some of the pressure communities are facing as customers start to face the clean-up and rebuild,” says Mr Sims.


ASB is supporting its personal, farming and business customers on a case-by-case basis with a range of emergency assistance measures, including:

  • Option to suspend home loan principal repayments for up to three months.
  • Overdraft of up to $10,000 for ASB home loan customers and up to $2,000 for other ASB personal customers at a reduced variable interest rate of 2.95% p.a.
  • Access to working capital of up to $100,000 at a reduced variable interest rate of 2.95% p.a. for business and rural customers.
  • No fees on any new working capital facility required.

Any ASB customer who has been affected should speak to their relationship manager, call 0800 272 287 if they are a business customer managed out of our Small Business centre, or call ASB’s Financial Assistance team on 0800 27 27 35 (option 3) between 8.30am and 5.00pm Monday to Friday. Alternatively, customers can email hardship@asb.co.nz.

More information and full terms, fees and charges can be found on the ASB website. Detail for personal customers is available at https://www.asb.co.nz/page/relief-package/support.html. Information for business, rural and corporate customers is available at https://www.asb.co.nz/page/relief-package/business-support.html
 

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Digitl: Download 2.0 – Vodafone Wi-Fi Calling hits early milestone
Vodafone says it has 10,000 customers using its Wi-Fi Calling service. It took less than three months to reach that milestone; the service began operating in September... More>>

Energy Resources Aotearoa: New Law On Decommissioning Could Be Costly Overkill
A new law on decommissioning oil and gas fields passed by Parliament today has good intentions but is overkill, according to Energy Resources Aotearoa. "We strongly support operators taking responsibility and paying the costs for decommissioning, which is what all good operators do," says chief executive John Carnegie... More>>


Commerce Commission: News Publishers’ Association Seeks Authorisation To Engage In Collective Bargaining

News Publishers’ Association of New Zealand Incorporated seeks authorisation and provisional authorisation to engage in collective bargaining with Facebook and Google. The Commerce Commission has received applications from News Publishers’ Association of New Zealand Incorporated (NPA) seeking authorisation and provisional authorisation on behalf of itself... More>>


ABC Business Sales: Demand High For Covid-proof Businesses
Despite the continuing challenges facing businesses in this Covid environment, right now there are more buyers looking for a small-medium sized business than there are sellers in the market... More>>


PriceSpy: Producer Prices Increase
New Black Friday and Covid-19 Report* released by PriceSpy says people’s fear of stepping inside physical shops during big sales events like Black Friday has risen since last year; Kiwis are still planning to shop, but more than ever will do it online this year... More>>

NZ Skeptics Society: Announce Their 2021 Awards, And Dr Simon Thornley Wins The Bent Spoon

Every year the New Zealand Skeptics presents its awards to people and organisations who have impressed us or dismayed us, and this year it’s been hard to pick our winners because there have been so many choices!.. More>>



REINZ: Sales Volumes Leveling Out

Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 44 fewer lifestyle property sales (-2.6%) for the three months ended October 2021 than for the three months ended September 2021... More>>