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ASB Bank
Helping you get one step ahead.
In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today.
ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance.
ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want.
We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.
ASB Bank - Latest News [Page 5]
ASB Reports 8% Increase In Lending And Remains Focused On Supporting Customers’ Financial Resilience
Wednesday, 9 February 2022, 10:22 am | ASB Bank
ASB has reported a cash net profit after tax (NPAT) [1] of $742 million for the 6 months to 31 December 2021, a 22% increase on the prior comparative period. The result was driven by an 8% growth in total lending, with home and business lending ... More >>
As Kiwis Brace For Omicron, ASB Reveals Personal Financial Wellbeing Is Strongest In Tasman, Nelson
Tuesday, 25 January 2022, 10:48 am | ASB Bank
As New Zealand braces for Omicron following confirmation of the variant in Auckland, Tasman and Nelson, the latest financial wellbeing research from ASB suggests people in these regions may be better placed financially to manage the impacts of an Omicron ... More >>
ASB’s Inaugural Trade Disruptions Report Predicts Exports To Grow In 2022 But Global Supply Chains Will Get Worse
Thursday, 9 December 2021, 12:29 pm | ASB
New Zealand consumers are likely to feel the effects of supply chain disruption well into 2022, according to ASB’s first Trade Disruptions economic report. The report looks at the impact of COVID-19 on supply chain and global trade, and forecasts what ... More >>
ASB Backs Home Buyers With Market-leading 2-year Fixed Home Lending Rate
Tuesday, 7 December 2021, 9:27 am | ASB Bank
ASB has dropped its two-year fixed home loan rate by 0.2% to a market-leading 4.15%. Craig Sims, executive general manager retail banking, said the change gives home buyers options in a rising rate environment. “It’s been a challenging year for ... More >>
Kiwis Are Backing The Housing Market To Continue Climbing Despite Numerous Headwinds
Monday, 6 December 2021, 7:17 am | ASB
A net 73% of survey respondents now expect interest rates to increase. But this hasn’t shaken Kiwis’ house price expectations, which actually increased last quarter Buyer sentiment hits a five-year-low. Kiwis are backing New Zealand’s housing ... More >>
ASB Urges Customers To Unleash More Than $60 Million Of True Rewards Spending Power To Help Kiwi Businesses This Summer
Monday, 29 November 2021, 9:30 am | ASB Bank
ASB is encouraging customers to dust off their True Rewards loyalty cards and get shopping as a practical way of supporting COVID impacted businesses. ASB customers collectively have more than $60 million in True Rewards Dollars spending power available ... More >>
New Zealand Economy Set For A Slower Lockdown Rebound According To The Latest ASB Quarterly Economic Forecast
Friday, 26 November 2021, 6:43 am | ASB
New Zealand is expected to begin opening its borders in the first half of 2022 but will face ongoing domestic headwinds in its economic recovery. Inflation is likely to near 6% (a thirty year high) by the end of this year and remain above 3% into ... More >>
ASB Increases Savings Deposit Rates; Moves Home Loan Rates Following OCR Increase
Wednesday, 24 November 2021, 1:59 pm | ASB Bank
ASB will make changes to some interest rates following the Reserve Bank of New Zealand’s announcement today it is increasing the Official Cash Rate (OCR) by 0.25%. Deposit rates on Savings Plus and Headstart savings accounts will increase by 0.25%, taking ... More >>
KiwiSaver Confidence Hits Record High As Kiwis Eye Up Their Investments
Monday, 22 November 2021, 9:20 am | ASB Bank
More New Zealanders have been seeking expert financial advice to help with their investments, and this is flowing through to confidence according to the latest ASB KiwiSaver Survey. For the three months to October, 32% of survey respondents ranked ... More >>
Craigmore And ASB Team Up On $78 Million Sustainable Transition Loan
Wednesday, 17 November 2021, 10:15 am | ASB Bank
Craigmore Sustainables, one of the largest diversified farm management companies in Aotearoa, has secured nearly $80 million in funding from ASB in an innovative sustainability-focused deal. The sustainable transition loan provides a pathway to ... More >>
Investor Confidence Hits Five-year High, With Aucklanders The Most Confident Despite Lockdown
Thursday, 11 November 2021, 6:08 am | ASB
Investor confidence has rebounded to the highest level since early 2017, sitting at nett 25% for Q3 2021. Aucklanders are the most optimistic despite lockdown, with confidence at nett 31% compared with 23% for the rest of New Zealand. Respondents’ ... More >>
ASB Selects Microsoft Azure As Its Preferred Cloud Provider
Tuesday, 9 November 2021, 8:59 am | ASB Bank
ASB has selected Microsoft Azure as its preferred cloud provider, becoming an anchor tenant for Microsoft’s New Zealand data centres. The arrangement will see hundreds of ASB’s applications and thousands of servers shift to the Microsoft Azure cloud, ... More >>
ASB Backs Small Business With Contactless Debit Fees Waiver Until End Of 2021
Friday, 29 October 2021, 10:31 am | ASB Bank
ASB has today announced it will continue to waive merchant fees on contactless debit card transactions for eligible small business customers until 31 December, 2021. ASB’s executive general manager for Business Banking Tim Deane says, “ASB is ... More >>
ASB Teams Up With Russell McVeagh For “Borrow The Expert” Webinar To Help Kiwi Businesses Navigate Vaccination Issues
Thursday, 28 October 2021, 2:37 pm | ASB Bank
ASB is partnering with law firm Russell McVeagh and a workplace health and safety expert to help Kiwi businesses navigate the complex issues surrounding COVID-19 including vaccination requirements for employees, contractors, customers and others who may ... More >>
ASB Data Shows Financial Wellbeing Improving But Many ‘just Coping’
Thursday, 28 October 2021, 9:36 am | ASB Bank
Latest insights from a study of more than 500,000 ASB customers reveals ongoing increases in average cash balances held by customers of all ages since pandemic lockdowns began in 2020. This has contributed to a 6% increase in overall financial wellbeing. More >>
ASB Donates $200k Towards Two Major Incident Welfare Vehicles For St John After Super Saturday Pledge
Tuesday, 19 October 2021, 12:58 pm | ASB Bank
ASB is donating $204,000 to charity partner St John, which will be used to fund two major incident welfare vehicles after 39,025 people headed out on Saturday to get their first COVID-19 vaccine. ASB announced last week that it was getting behind ... More >>
ASB To Support Super Saturday With $5 To St John For Every First Jab
Friday, 15 October 2021, 12:05 pm | ASB Bank
ASB is getting behind New Zealand’s vaccination drive this weekend, pledging a $5 donation to charity partner St John for every Kiwi who receives their first COVID vaccine on Super Saturday. The money raised will be used to support St ... More >>
ASB Supports Kiwi Businesses With A Commitment To Hold The Interest Rate On Its Most Common Small Business Loan
Wednesday, 6 October 2021, 2:15 pm | ASB Bank
ASB has today committed to holding its base business interest rate through to the end of 2021. More >>
Regional Growth In A COVID Environment
Monday, 27 September 2021, 1:10 pm | ASB Bank
The latest ASB Regional Economic Scoreboard shows significant movement after several stable quarters, reflecting the relative bounce back of the country’s 16 regions from the depths of last year’s level 4 lockdown. West Coast was the champion for ... More >>
ASB extends support for business customers
Friday, 3 September 2021, 8:41 am | ASB Bank
ASB has today moved to waive debit card contactless merchant fees to support businesses trading through COVID-19 Alert Levels 3 and 4. ASB's Executive General Manager for Business Banking Tim Deane says, "ASB is committed to backing our business customers ... More >>
