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BRIEF-National Australia Bank Announces Support Package For Business And Personal Customers

Published 20/03/2020, 06:18 pm
© Reuters.
NAB
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March 20 (Reuters) - National Australia Bank Ltd NAB.AX :

* ANNOUNCES SWEEPING SUPPORT PACKAGE FOR BUSINESS AND PERSONAL CUSTOMERS

* HOME LOAN CUSTOMERS EXPERIENCING FINANCIAL CHALLENGES WILL ALSO BE ABLE TO PAUSE THEIR REPAYMENTS FOR UP TO SIX MONTHS

* NAB WILL CUT 200BPS FROM RATE ON NEW LOANS

* WILL REDUCE VARIABLE RATES ON SMALL BUSINESS LOANS BY 100BPS, EFFECTIVE MARCH 30

* BUSINESS CUSTOMERS EXPERIENCING FINANCIAL DIFFICULTY CAN DEFER PAYMENTS ON RANGE OF FLOATING & VARIABLE RATE BUSINESS LOANS FOR UP TO 6 MTHS

* NATIONAL AUSTRALIA BANK ANNOUNCES REDUCTIONS OF UP TO 60BPS TO FIXED RATE HOME LOANS

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