RETAIL BANKING | Tony Chua, Australia

Westpac starts $1bn campaign to boost business

The bank intends to lend one billion dollars to local businesses in the next six weeks with perks and incentives.

Westpac is aiming to lend $1 billion to Australian businesses by the end of September through its Business Boost campaign announced on Wednesday.

The Business Boost campaign offers a range of incentives for commercial businesses and small enterprises wanting to position themselves for future growth. These incentives include Westpac paying up to $20,000 in certain transition costs for business loans of $250,000 or more refinanced to Westpac.

Westpac RBB Group Executive Rob Coombe said that Business Boost was the third stage of the bank’s extended campaign to support the future growth and prosperity of Australian businesses.

“Westpac is open for business - we want to lend one billion dollars to Australian businesses in the next six weeks,” Mr Coombe said.

View the full story in International Business Times

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