ANZ announced it wants to increase lending to Australian small businesses by making an extra $2 billion available over the next 12 months.
ANZ general manager small business Kate Gibson said: “Small business is the life-blood of the Australian economy. We want those thinking of starting a new venture or expanding their existing business to know that we’re committed to backing them.
“We hope our commitment to make available a further $2 billion in lending this year can provide a further boost to the economy and support the creation of new jobs.
“Last year we approved seven out of every ten applications from new small businesses lending a further $1 billion to the sector,” she said.