NAB has welcomed the announcement from the Government on the extension of the COVID-19 SME Loan Guarantee Scheme.
NAB CEO Ross McEwan said: “We welcome the Government’s expansion of the SME Loan Guarantee Scheme. The changes will make it available to more businesses, for longer, to help them rebuild – and support Australia’s recovery.”
NAB has been actively participating in the Scheme and has approved more than 5,500 loans since its launch.
In a panel discussion at the ABA Conference, NAB CEO Andrew Irvine discussed how the industry was responding to key issues including housing, cost-of-living, and scams and fraud.
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New data from Australia’s largest business bank shows many small and medium sized businesses are continuing to invest in new or used energy efficient equipment, with the value of the bank’s Green Finance for Vehicles & Equipment loan book growing 80% compared to the same period last year.
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In this video interview NAB CEO Andrew Irvine reflects on NAB’s 2024 Half Year Results, economic conditions and the bank’s strategic direction.
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