March 20 (Reuters) - Australia and New Zealand Banking Group Ltd ANZ.AX :
* ANZ LAUNCHES MAJOR COVID-19 SUPPORT PACKAGE
* PACKAGE INCLUDES A REDUCTION OF SOME FIXED-RATES OF 0.80%PA ON NEW LOANS FOR SMALL BUSINESS
* PACKAGE INCLUDES REDUCTION OF SOME FIXED-RATES OF 0.80%PA ON NEW LOANS FOR SMALL BUSINESS AND 0.49%PA FOR HOME LOAN CUSTOMERS
* FOR HOME LOAN CUSTOMERS, TO DECREASE VARIABLE INTEREST HOME LOAN RATES IN AUSTRALIA BY 0.15%PA ACROSS ALL VARIABLE RATE INDICES, FROM 27 MARCH
* ANZ SMALL & MEDIUM BUSINESS CUSTOMERS AS WELL AS HOME LOAN CUSTOMERS IMPACTED BY CRISIS CAN REQUEST DEFERRAL ON LOAN REPAYMENTS FOR UP TO 6-MTHS
* PACKAGE WITH POTENTIAL TO INJECT $6 BILLION INTO AUSTRALIAN ECONOMY, ASSIST IN RECOVERY FROM COVID-19 CRISIS
* PACKAGE INCLUDES A REDUCTION OF VARIABLE SMALL BUSINESS RATES OF 0.25%PA AND VARIABLE HOME LOAN RATES OF 0.15%PA
* FOR SMALL & MEDIUM BUSINESS, WILL PROVIDE OPTION OF TEMPORARY INCREASE IN OVERDRAFT FACILITIES FOR 12 MONTHS