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ANZ Encourages Farmers In Otago And Southland To Seek Support If They Need It
ANZ Bank New Zealand (ANZ NZ) is encouraging farmers in Otago and Southland impacted by the recent extreme weather and flooding to seek support if they need it.
Lorraine Mapu, ANZ Managing Director of Business and Agri, said: “The current economic environment means many of our farmers are already doing it tough, and this extreme weather comes at a critical period on the farm – during calving and lambing.
“Some areas have had twice the average September rainfall in just a couple of days, on top of already sodden conditions, and some farming customers will be facing stock losses, feed shortages, damage to properties and disruption.
“We’ve got staff on the road today, talking with and visiting farmers in some of the worse affected areas, to get a better idea of the extent of the damage.
“As things dry out and the clean-up starts, we want to reassure our farming customers that the bank is here to work with them in the days and months ahead.”
ANZ is recommending farmers talk with their key industry specialists and professional advisors to work out the best way forward.
ANZ is making targeted assistance available for business and farming customers, subject to approval.
This includes temporary overdraft facilities and the ability to defer loan repayments or moving to interest only, to help ease some financial pressure.
Business and Agri customers should speak to their Relationship Manager or phone our Business Service centre on 0800 269 249 to discuss the impact on their business and their funding requirements.
ANZ staff are also in touch with the Rural Support Trust in the south, and encouraged farmers who require support to get in contact with the Trust on 0800 787 254.
ANZ Bank New Zealand Limited
Get on top of your money
ANZ has been helping New Zealanders get on top of their money ever since we opened for business in 1840. We were New Zealand's first bank and today we have a large network of full-service branches and ATMs, and talented people across the country.
We're passionate about helping our customers make their money work harder and equipping them to make better financial decisions. Whether it's travelling the world, buying a home, building a business, investing for the future or protecting their family's future, we use our financial strength and expertise to help make it happen.
Through our sponsorships, our Staff Foundation and thousands of staff volunteer hours each year, we support causes that make a difference to New Zealanders.
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