Bank offers relief for customers in hardship
DESPITE the heartbreak for those affected by floods and fires, Suncorp Bank says that overall the agribusiness sector should remain optimistic about the year ahead.
Suncorp Bank National head of Agribusiness Greg Leahy said his thoughts went out to all those impacted by recent weather events, but it was important for those in the industry to maintain a long-term perspective.
Delivering his agribusiness outlook for 2013, Mr Leahy said while the past year had provided mixed fortunes for a number of Australian commodities, prices were generally holding up, notwithstanding the high Australian dollar, which was likely to continue this year.
"Despite the sustained strength of the Aussie dollar, Australia is continuing to compete reasonably well in most rural commodities, with the obvious exceptions of cotton, cattle and to a lesser extent, sugar," Mr Leahy said.
Suncorp Bank is offering the following financial relief assistance to bushfire and flood affected customers:
- An opportunity to defer home loan repayments for a period.
- Residential, personal, business and agricultural loan rearranging without the cost of most bank fees.
- Waived early withdrawal fees for those clients wishing to withdraw from term deposits.
- Refund of merchant rental fees for a period.
- Credit card repayment relief where necessary.
- An opportunity to defer up to three monthly repayments on equipment finance facilities.
Agribusiness and commercial customers can direct all financial hardship requests firstly to their relationship manager.
The bank also has a Hardship Response Team to deal with these inquiries:1800 225 223.
The Suncorp Bank call centre is the back-up point of contact on 131175.