ASB Bank - Latest News [Page 1]

ASB And Youthline Announce Partnership To Boost Youth Mental Wellbeing

Friday, 6 May 2022, 10:39 am | ASB

ASB has today announced a three-year partnership with Youthline. The new relationship will see ASB become Youthline’s principal partner, providing financial and in-kind support to boost Youthline’s activities in supporting rangatahi experiencing or ... More >>

ASB Makes Rate Changes Following OCR Increase

Thursday, 14 April 2022, 2:55 pm | ASB Bank

ASB is making interest rate adjustments following the Reserve Bank of New Zealand’s announcement that it is increasing the Official Cash Rate (OCR) by 0.50%. ASB’s variable housing rates are changing following the OCR increase. ASB’s Housing Variable ... More >>

ASB Research Insights Helping The Two In Five Kiwis Experiencing Frequent Payment Problems

Tuesday, 12 April 2022, 10:40 am | ASB Bank

  With concerns about the cost of living [i] superseding COVID-19 as the issue Kiwis are most concerned about, ASB’s most recent financial wellbeing research has found close to 40% of New Zealanders already experience frequent payment problems; ... More >>

Unemployment Hits A Record Low While Retail Spending Bounces Back From Lockdown In The ASB Regional Economic Scoreboard

Monday, 11 April 2022, 1:47 pm | ASB Bank

  Employment and wage growth hit new highs The unemployment rate remains low across the country this quarter, falling to a record 3.2%. Despite this, employment growth varied across the regions, ranging from a 5.4% annual increase in Northland ... More >>

New ASB Director And ‘Future Director’ Appointments

Monday, 11 April 2022, 9:25 am | ASB Bank

ASB is pleased to announce that Victoria (Vic) Crone will join the Board of ASB Bank Limited with effect from 12 April 2022. ASB will also host Merewaakana (Mere) Kingi as an observer on the Board under the Institute of Directors’ Future Director ... More >>

Hold The Course During Market Volatility Says ASB

Thursday, 7 April 2022, 5:39 am | ASB

Volatile markets are continuing to cause concern for KiwiSaver members, but the majority of investors are sticking with their strategies and some are making the most of the lower market by making voluntary contributions. Many are also continuing ... More >>

Falling For Scams Doesn’t Make You A Fool – ASB Data Shows Kiwis Being Defrauded At Record Levels Since COVID-19 Began

Friday, 1 April 2022, 9:23 am | ASB Bank

Data released by ASB this April Fool’s Day shows a dark side-effect of COVID-19, with a significant increase in Kiwis falling victim to scams since the pandemic began in March 2020. Investment scams, particularly those involving crypto-currency, top ... More >>

More Than 4,300 New Homes Under Construction As ASB Concludes Back My Build Initiative

Friday, 18 March 2022, 10:09 am | ASB Bank

ASB is celebrating helping 8,800 Kiwis achieve their new home dream as it calls time on its popular Back My Build home loan which made headlines when it launched last year with an historically low floating interest rate of 1.79%. Back My Build ... More >>

ASB/NZIER Research Finds Working From Home Has Many Benefits, But Is More Challenging For Women

Tuesday, 8 March 2022, 6:17 am | ASB

More than 60% of people surveyed said working from home during lockdowns was a positive experience, but there are pros and cons to working remotely that need to be well understood and managed. When it comes to juggling home working with care responsibilities, ... More >>

ASB Lifts Home Loan And Savings Deposit Rates Following OCR Increase

Friday, 25 February 2022, 10:07 am | ASB

ASB is making interest rate adjustments following the Reserve Bank of New Zealand’s announcement that it is increasing the Official Cash Rate (OCR) by 0.25%. ASB’s variable housing rates are also changing to reflect the OCR increase. ASB’s Housing ... More >>

ASB Survey Finds Men Are Bigger Valentine’s Day Spenders

Friday, 11 February 2022, 3:24 pm | ASB

With the most romantic day of the year just around the corner, an ASB survey has revealed men and women have markedly different Valentine’s Day spending expectations. The survey suggests men are putting a higher price on love this year with 27 percent ... More >>

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 >>