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AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

(ANZ)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 07/30
27.71 AUD   -0.14%
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Australia and New Zealand Banking : ANZ provides financial support for customers dealing with the aftermath of Tropical Cyclone Seroja in WA

04/12/2021 | 08:43pm EDT

The cyclone made landfall near the town of Kalbarri with gusts of up to 170km per hour late on Sunday. While it has since been downgraded, its path impacted more than 1,000km of Western Australia with reports of damaged houses, fallen trees and downed power lines.

ANZ encourages customers affected by the cyclone to contact the bank when they're ready to discuss how they can access a range of financial support measures, including:

  • Pausing payments for up to three months on home loans, credit cards, personal loans and some business loans (we may still charge you interest during that period)
  • Temporary interest rate reductions on lending for customers experiencing extreme financial distress
  • Waiving fees for restructuring business loans
  • Waiving fees for accessing term deposits early

ANZ general manager for Western Australia Kathleen Jahour said: 'Cyclone Seroja has left a path of destruction in its wake that will likely affect hundreds of residents, many of whom will not yet know the full extent of the damage.

'As people begin the recovery process, we hope these relief measures we've announced today will help them as they face various challenges.'

ANZ customers affected by the cyclone are encouraged to visit their local branch if they are able, or to contact their relationship manager to discuss the impact on their business or personal circumstances.

Customers can also contact ANZ's dedicated financial hardship team on 1800 149 549 or at anz.com.au/support/natural-disaster-support/

Customers with ANZ Home and Contents Insurance may be eligible for emergency funds and temporary accommodation.

To lodge an insurance claim, customers can call 13 16 14 or visit anz.com/insuranceclaims

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Disclaimer

ANZ - Australia & New Zealand Banking Group Ltd. published this content on 13 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2021 00:42:05 UTC.


© Publicnow 2021
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Financials
Sales 2021 17 506 M 12 856 M 12 856 M
Net income 2021 6 022 M 4 423 M 4 423 M
Net Debt 2021 - - -
P/E ratio 2021 13,6x
Yield 2021 5,01%
Capitalization 78 332 M 57 546 M 57 527 M
Capi. / Sales 2021 4,47x
Capi. / Sales 2022 4,31x
Nbr of Employees 37 844
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 27,71 AUD
Average target price 29,92 AUD
Spread / Average Target 7,98%
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Managers and Directors
Shayne Cary Elliott Chief Executive Officer & Executive Director
Shane Buggle Chief Financial Officer
Paul Dominic O'Sullivan Chairman
Gerard Florian Group Executive-Technology
Michael Liarakos Chief Compliance Officer