ASB Bank - Latest News [Page 1]
ASB Rural Quarterly Report
Friday, 15 March 2024, 8:58 am | ASB Bank
Dairy rebounds, forestry looking up as meat prices lag, but overall a more positive outlook for the sector More >>
ASB Drops Interest Rates
Monday, 11 March 2024, 9:26 am | ASB Bank
ASB has today dropped its fixed home lending rates for the third time in two weeks. Its six-month term has dropped 10 basis points from 7.39% to 7.29%, while the one-year term has reduced by 5 basis points to 7.24%. ASB’s two-year mortgage rate has also ... More >>
ASB Housing Confidence Survey: Price Expectations Highest In Two And A Half Years
Thursday, 7 March 2024, 10:41 am | ASB Bank
ASB’s latest Housing Confidence survey shows house price expectations continue to increase, with net 51% of New Zealanders expecting them to rise – the highest net reading recorded since October 2021, before the start of the most recent housing ... More >>
Media Alert: ASB Drops Mortgage Rates Further
Monday, 4 March 2024, 3:56 pm | ASB Bank
For the second time in a week, ASB has reduced its home lending rates. Effective today, ASB’s one-year lending rate has dropped 10 basis points from 7.39% to 7.29%, and its two-year lending rate has also decreased from 6.89% to 6.85%. ASB has also ... More >>
Spate Of Scam Activity Hitting Pasifika Communities In New Zealand And In The Islands
Saturday, 2 March 2024, 2:16 pm | ASB
ASB is warning of a scam currently circulating on Facebook and Instagram, which takes advantage of the upcoming ASB Polyfest event to target Pasifika communities both in New Zealand and in the Pacific Islands. Scammers have created fake social ... More >>
ASB Reduces 18-month Mortgage Rate To 6.89%
Tuesday, 27 February 2024, 9:32 am | ASB Bank
ASB has today reduced its 18-month fixed home lending rate by 26 basis points from 7.15% to 6.89%, effective immediately. This is the lowest 18-month rate across the major banks. The following can be attributed to ASB Executive General Manager Personal ... More >>
ASB Research: Business, Not Government, Should Lead The Charge In Improving Productivity
Monday, 26 February 2024, 8:44 am | ASB Bank
Low investment in capital, knowledge and research and development has left New Zealanders working longer and producing less than overseas counterparts. High-performing small advanced economies benefit from exposure to international competition and domestic ... More >>
Major ASB Fraud And Scam Awareness Campaign To Help Get New Zealanders One Step Ahead Of Scammers
Wednesday, 21 February 2024, 10:13 am | ASB Bank
ASB has this week launched the first phase of a significant, ongoing and multi-layered fraud and scams awareness campaign, to help keep all New Zealanders informed and vigilant, as the first line of defence against scams. David Bullock, ASB Executive ... More >>
ASB Half-year Profit Down 12%: Focus On Customer Support Continues, Including Tackling Financial Crime
Wednesday, 14 February 2024, 10:12 am | ASB Bank
ASB today reported a cash [1 ] net profit after tax (NPAT) of $707 million for the six months to 31 December 2023, a decrease of $96 million or 12% on the prior year. This reflects a lower net interest margin (NIM), down 26bps on the prior year. Statutory ... More >>
ASB Partners With Rewiring Aotearoa To Identify Opportunities To Transition Kiwi Homes
Tuesday, 13 February 2024, 9:49 am | ASB
ASB has signed a letter of intent with Rewiring Aotearoa, a New Zealand energy transition charity. ASB intends to finance a pilot study to help identify barriers and opportunities for consumers around energy transitions, focusing on a sample of Kiwi homes. The ... More >>
ASB Removes Millions Of Dollars In Transaction Fees
Friday, 22 December 2023, 7:09 pm | ASB
ASB has this month removed a number of transaction fees across its personal and business accounts, including fees on Visa Debit cards, staff assisted transactions, and the establishment of personal overdrafts. Customers across more than 800,000 ... More >>
ASB Drops Home Lending And Term Deposit Rates
Friday, 22 December 2023, 8:44 am | ASB Bank
Today ASB has made changes to its home lending rates, decreasing its two-year rate by 16 basis points from 7.05% to 6.89%. ASB’s three-year rate has dropped by 10 basis points from 6.85% to 6.75%. ASB has also adjusted some of its long-term term ... More >>
ASB Announces New Fund Backing New Zealand’s Clean Tech Industry
Thursday, 14 December 2023, 10:49 am | ASB
ASB is accelerating New Zealand’s clean tech sector with a new fund that makes it easier for early-stage companies to access capital. The Clean Tech Fund will provide lending of up to $5 million for businesses focused on technology or processes that ... More >>
ASB Partners With Woolworths New Zealand To Bring Customers More Choice With Everyday Rewards
Wednesday, 6 December 2023, 12:05 pm | ASB Bank
ASB and Woolworths are bringing customers a new way to earn and redeem rewards with ASB signing on as a founding bank partner for Woolworths’ Everyday Rewards programme which launches in February 2024. ASB Rewards credit card customers will have the ... More >>
ASB Economic Forecast December 2023 - Cautiously Optimistic: NZ Is Past The Worst, But Has A Slow Climb Ahead, Says ASB
Wednesday, 6 December 2023, 10:01 am | ASB Bank
Strong migration and spending have provided a boost to the New Zealand economy which, according to the latest ASB Quarterly Economic Forecast, is now on an upward trajectory. But the pick-up in momentum will be gradual, says ASB. “It’s looking increasingly ... More >>
ASB Launches New Aggressive Investment Funds
Wednesday, 22 November 2023, 8:44 am | ASB Bank
ASB has today launched two new Aggressive Funds that aim to provide customers with the highest investment returns over the long term of all its funds, with the largest movements in value up and down. The funds have been launched in response to strong ... More >>
Youthline Moves To 24/7 Counselling Service, With Support From ASB
Saturday, 4 November 2023, 5:51 pm | ASB
For the first time in its 53-year history, Youthline’s phone and text message Helpline is now available to young people 24 hours a day, seven days a week, thanks to support from ASB – and it’s already saving lives. Previously, Youthline’s ... More >>
ASB Champions Affordable And Social Housing With Innovative Accelerated Housing Fund
Friday, 3 November 2023, 9:33 am | ASB Bank
ASB will support the delivery of up to 1,000 new homes over the next two years, funded through its new Accelerated Housing Fund for affordable and social housing. It’s just one of the bank’s innovative approaches to tackling New Zealand’s ... More >>
ASB Increases Term Deposit Rates To 15-year Highs
Thursday, 12 October 2023, 9:35 am | ASB Bank
ASB has increased several of its term deposit rates today, with some terms now at rates not offered by major New Zealand banks since 2008. It's the twelfth time the bank has increased term deposit rates this calendar year. Five ASB term deposits ... More >>
ASB To Boost Food And Fibre Sector With New Programme For High-potential Exporters
Tuesday, 3 October 2023, 8:58 am | ASB Bank
ASB has today launched ASB ACCESS, a new programme to accelerate the export growth of established high-potential food and fibre businesses, through access to debt capital alongside advice, connections and expertise. ASB ACCESS will support food and fibre ... More >>