ANZ Chief Executive Officer Shayne Elliott expressed support for the Federal Government's SME Recovery Loan Scheme, emphasizing its importance for sectors severely affected by COVID-19.
"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," said Elliott.
He noted that the expanded loan scheme would allow businesses most impacted by the pandemic to secure essential capital needed to benefit from an improving economy. "It’s targeted where required, inclusive where it needs to be and has the full support of ANZ," he added.
Elliott also praised the government's actions during the pandemic, attributing them to Australia's faster economic recovery. "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," he stated.
For more information on how ANZ is assisting customers through this scheme, individuals can visit their dedicated page on anz.com.