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Rabobank extends support measures to clients affected by South Australian bushfires

Rabobank has extended support measures being made available to farming clients affected by bushfires to assist those impacted by this week’s severe fires in South Australia.

Rabobank state manager for South Australia James Robinson said the specialist agribusiness bank would offer a range of measures to assist bush-fire affected clients in the state.

“These current fires – particularly the severe fire burning on the Lower North Plains, north of Adelaide – have been devastating, with tragically the loss of two lives and a number of injuries,” he said.

“Our staff have been attempting to make contact with our farming clients in bushfire- affected areas over the past two days to ensure they are safe and see what assistance we can provide.

“At this point, it is too early to gauge the full extent of damage to agriculture. There will be a number of farmers affected with, sadly, loss of livestock and damage to infrastructure, plant and machinery and crops.”

Mr Robinson said the bank would adopt its standard practice of working directly with individual clients in affected areas to help support them through immediate difficulties.

Clients in applicable circumstances impacted by the fires would be eligible for a range of individually-tailored support measures, including:

  • deferral of scheduled loan repayments
  • waiving of break costs on early redemption of Farm Management Deposits
  • waiving of fees on loan increases necessary to assist in rebuilding operations and
  • waiving of fees for equipment finance contract variations.
Mr Robinson said any impacted clients who have concerns and had not yet spoken to the bank to contact their local branch or phone Rabobank on 1800 025 484.

Rabobank Australia & New Zealand is a part of the international Rabobank Group, the world’s leading specialist in food and agribusiness banking. Rabobank has more than 115 years’ experience providing customised banking and finance solutions to businesses involved in all aspects of food and agribusiness. Rabobank is structured as a cooperative and operates in 40 countries, servicing the needs of approximately 8.8 million clients worldwide through a network of more than 1000 offices and branches. Rabobank Australia & New Zealand is one of Australasia’s leading rural lenders and a significant provider of business and corporate banking and financial services to the region’s food and agribusiness sector. The bank has 94 branches throughout Australia and New Zealand.
Media contacts:

Denise Shaw 
Media Relations 
Rabobank Australia & New Zealand 
Phone: 02 8115 2744 or 0439 603 525 

Skye Ward
Media Relations
Rabobank Australia & New Zealand
Phone: 02 4855 1111 or 0418 216 103