Financial organisations have offered various financial packages to those affected by the Christmas floods in Queensland.
Banks in Australia have put their hand in their pocket to pledge some money towards the Queensland flood relief.
Following the tragic natural disaster, which has taken lives, both ANZ and the Commonwealth Bank (CBA) were among those to provide funding in the shape of $1 million packages.
The former also said it would suspend all business and home loan repayments for three months for those affected by the flooding, while impacted customers who bank with the financial organisation are also set to have their bank account fees waived when restructuring finances.
ANZ's chief executive officer for the Australian section of the company Philip Chronican said the organisation's donation will focus on community groups and the long-term requirements.
He added: "It's especially difficult given many of these communities were only just beginning to recover either from recent drought or had only just got back on their feet after the major floods back in early 2009.
"We understand the impact that disasters like this have and we want our customers to know that we will stand beside them as the clean up begins."
What's more, the CBA pledged the same amount of money and has also issued a financial package to those affected offering emergency Aussie credit limit increases and considering requests for additional loans.
Service fees for customers looking to obtain assistance from the company as a result of the natural disaster will also be waived, while bank establishment fees will not be charged for loan restructuring for businesses who have taken out existing borrowing products with the organisation.
This comes after the Bank of Queensland announced last week it would support the Premier's Disaster Relief Appeal and pledged an initial $250,000 to the victims of the Christmas floods.
By Emma North
