RBA gives APRA’s use of macro tools a tick of approval
Ahead of an expected move to impose tougher lending rules on the banks, the Reserve Bank has looked into previous attemp...
Westpac will commit $1 million to the Queensland flood relief.
The bank also said it would defer affected customers’ home loan repayment s for up to three months.
In addition, Westpac’s acting chief executive officer Peter Hanlon said the major would match employee donations dollar-for-dollar made to flood-related appeals.
“The magnitude of the devastation which has occurred in Brisbane and the broader South-East Queensland region has made it imperative for The Westpac Group to provide further funds toward the extensive recovery and redevelopment process now required,” Mr Hanlon said.
“We share the shock and horror of all Australians of the extent of this tragedy and extend our deepest sympathies to all those individuals who have been impacted by the devastation.”