07 April 2020

La Trobe Financial donates $1 million to the Epworth Hospital to help fight COVID-19
La Trobe Financial announced today that it has donated $1 million to the Epworth Hospital for additional ICU equipment to cope with the anticipated influx of COVID-19 admissions during this pandemic.

La Trobe Financial President & CEO Greg O’Neill OAM said, “We are pleased to be able to assist the frontline ICU team at Epworth Hospital to manage the expected demand on their expertise. We recently donated $1 million during the bushfire crisis and we are stepping up again during this new national emergency.”

“This disease represents a unique situation for the global and local economy. Whilst the full human and economic impacts are still largely unknown and evolving, we are working with our industry partners and government to manage its effect on our customers and our staff. The health, safety and wellbeing of our fellow Australians is of paramount importance to us.”

“We have worked extensively with the Epworth Hospital in the past and are pleased to extend our support through this pandemic. Staying true to our philosophy of ‘others before self’, we will do everything we can to help our customers through this challenging time,” continued O’Neill.

Epworth Hospital CEO, Dr Lachlan Henderson said, “Our relationship with La Trobe Financial now goes back many years and it’s been an incredibly generous organisation to work with and one that is truly responsive; they are a first-class organisation and well respected in their industry. As one of the largest not for profit hospital groups in Victoria, this $1 million donation has been put to immediate use in our critical care expansion. We again place on record our thanks to Greg O’Neill and his team at La Trobe Financial. We have very important work to do over the coming weeks and months and this has helped us achieve that objective of keeping many Australians in better care.”

O’Neill commented, “When the chips are down, Australians have a proud record of standing behind and supporting each other. We should all be going out of our way to assist these frontline workers, thank them, and to tell them what an amazing job they’re doing.”

The $1 million donation comes after La Trobe Financial put in place a range of assistance measures to support its customers who are financially impacted by the COVID-19 pandemic, including:
• Home loan customers may apply for a 4-month repayment moratorium to assist with cashflow;
• Tailored hardship relief for small business borrowers, which may include:
• Deferral of scheduled loan repayments;
• Waiver of fees and charges;
• Temporary interest only periods to assist with cashflow; and
• Debt consolidation to help make repayments more manageable.
• For investors in the $5 billion retail Credit Fund, easier access to funds for customers suffering material hardship as a result of COVID-19.

“There are no more important jobs right now than the brave doctors and scientists working around the clock to solve this issue. Until a vaccine is produced however, it’s about our character as a nation – who we are when placed under pressure and how we respond. Australians are generally an unassuming bunch, but we are at our best when circumstances are at their worst. It’s what makes Australians so special,” said O’Neill.

La Trobe Financial urges its customers who are facing financial hardship as a result of COVID-19 to call 1800 620 639 or email [email protected] to discuss their circumstances. A dedicated Hardship Assistance team is ready to help with compassionate and prompt service at this difficult time.

About La Trobe Financial

With A$12 billion of assets under management, La Trobe Financial is one of Australia’s leading diversified wealth managers, specialising in funding and investment solutions. Since 1952, La Trobe Financial has been a proven and trusted investment partner for institutional and retail investors, operating Australia’s largest retail Credit Fund with $5 billion in assets under management and 50,000 retail investors. It is 80% owned by Blackstone, the world’s largest alternative asset manager, with more than US$649 billion of assets under management worldwide.

La Trobe Financial is regulated by the Australian Securities & Investments Commission (ASIC) and holds the requisite regulatory AFSL and ACL licences to operate and place RMBS issuances.

For further details please visit our website www.latrobefinancial.com.