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AUSTRALIAN BANKS SHOULD HELP FARMERS THROUGH DROUGHT: PM.

AsiaPulse News

| November 01, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MELBOURNE, Nov 1 Asia Pulse - Prime Minister John Howard was adamant that Australia's profitable banks had a duty to help farmers through the current drought, he said today.

Mr Howard backed the call of deputy prime minister and National Party leader John Anderson that the banks be flexible when dealing with drought-affected farmers.

Westpac Banking Corp (ASX:WBC), ANZ Banking Group Ltd (ASX:ANZ) and the Commonwealth Bank of Australia Ltd (ASX:CBA) have all announced full year profits in excess of A$2 billion (US$1.1 billion). National Australia Bank Ltd (ASX:NAB) is ...

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Source: HighBeam Research, AUSTRALIAN BANKS SHOULD HELP FARMERS THROUGH DROUGHT: PM.

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