Majors release SME Recovery Loan Scheme products
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The big four banks have announced the details of their SME Recovery Loan Scheme products, which commenced on 1 April.
The major banks have all released the details of new loan products, available direct and through broker channel, which form part of the Federal Government’s SME Recovery Loan Scheme.
The scheme, which was announced in March as part of a move to support small businesses that were on JobKeeper to “stand on their own two feet as the economy recovers from COVID-19” or have recently been impacted by the NSW and QLD flooding.
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Australia s Westpac to combine consumer, business divisions Reuters 4 days ago © Reuters/DAVID GRAY FILE PHOTO: FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia s Westpac Banking Corp located outside a branch in central Sydney
(Reuters) - Australia s Westpac Banking Corp said on Wednesday it will combine its consumer and business divisions, as it looks to further simplify its operations.
The consumer division serves customers under the Westpac, St.George and Bank of Melbourne brands, while the business division includes sales to micro, small-to-medium enterprises, commercial business and private wealth clients.
The country s third-largest lender said its new consumer and business banking division will be led by Chris de Bruin, the current chief executive officer of the consumer unit.
Australia s Westpac to combine consumer, business divisions
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