'This scheme is a core part of a comprehensive package that will provide a critical boost to those parts of the economy, particularly in travel and tourism, which are still doing it tough as a result of COVID-19.

'The expanded SME loan scheme will enable those businesses hardest hit to access the necessary capital to take advantage of a recovering economy. It's targeted where required, inclusive where it needs to be and has the full support of ANZ.

'The Government's decisive intervention throughout the pandemic has resulted in a faster economic recovery than otherwise would have been possible with Australian businesses and households in much better shape as a result,' Mr Elliott said.

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ANZ - Australia & New Zealand Banking Group Ltd. published this content on 11 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2021 22:07:02 UTC.