NAB announces assistance package for Tropical Cyclone Larry Victims

The National Australia Bank (NAB) today announced a package of special relief measures for customers who have been affected by tropical cyclone Larry that struck northern Queensland today.
Julian Pearce, Chairman of the NAB's Queensland Leadership Team said: "NAB is ready to provide practical assistance to people directly affected by cyclone Larry. We have customers who will be impacted and we want them to be aware that we would like to help wherever possible."
The package of temporary relief measures the NAB will consider for customers facing financial hardship as a direct result of the cyclone include:
" A suspension of home loan repayments;
" Waiving fees and costs for early withdrawal of term deposits;
" Waiving home loan and personal loan application fees;
" Providing existing customers access to low 'honeymoon' home loan rates and waiving the application fee to charge to another loan at expiry;
" Waiving establishment fees for restructuring business loans;
" Credit card relief where appropriate; and
" Support to restructure existing banking facilities
"We would like customers affected by this disaster to contact us to discuss their circumstances. We will be keen to assist wherever possible to help customers get their personal and business finances under control again as quickly as possible."
"We have also established a Cyclone Larry Disaster Relief Fund and kick-started it with a donation of $25,000. Donations to the fund can be made at any NAB branch from tomorrow (Tuesday, 21 March 2006)," said Mr Pearce.
Ends

For further media information, please contact:

Patrick Southam
Corporate Affairs Manager, Retail Banking
National Australia Bank Limited
T  (02) 9237 1690
M 0419 415 998