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ASB Bank - Latest News [Page 1]

ASB: Interest Rate Sentiment Has Turned But Housing Market Uncertainty Remains

Wednesday, 29 May 2024, 5:35 am | ASB Bank

For the first time in more than three years, more New Zealanders are expecting interest rates to fall in the coming year than keep rising, as confidence that the Official Cash Rate has reached its peak grows. More >>

ASB Becomes First NZ Bank To Partner With Hidden Disabilities Sunflower To Help All Customers Feel Seen

Thursday, 16 May 2024, 11:07 am | ASB Bank

“Led by our own Neurodiversity Network Group, this initiative is another way we are building on the extra care and support options we have available for our customers, and showing up in a way that responds to specific needs.” More >>

ASB Lowers Mortgage Rates Again

Thursday, 16 May 2024, 7:52 am | ASB Bank

Effective immediately the three-year term will drop 26 basis points from 6.65% to 6.39%, with the four-year rate falling 10 points from 6.49% to 6.39%. More >>

Productivity Reset Needed To Help Push Inflation Down, Says ASB

Thursday, 16 May 2024, 7:26 am | ASB Bank

New Zealand’s low productivity performance is likely to be a factor behind New Zealand’s sustained high inflation according to ASB. Low productivity is a key reason we are less well off than many OECD peers, with New Zealanders having lower ... More >>

ASB Drops Mortgage Rates

Wednesday, 8 May 2024, 8:09 am | ASB

ASB has today dropped its fixed home lending rates for the seventh time this year. Three of ASB’s mortgage rates – the six-month, one year and four year – have dropped by up to 10 basis points, with the six-month & four-year term now the most ... More >>

$1 Trillion Bill For New Zealand Infrastructure In The Pipeline

Thursday, 4 April 2024, 11:23 am | ASB

New Zealand is facing up to a $1 trillion bill over the next 30 years to bring the country’s infrastructure up to scratch and to future-proof it to meet challenges, including climate change. More >>

Persevere Through A Flat 2024, Says ASB

Wednesday, 27 March 2024, 9:18 am | ASB Bank

Ongoing strong migration and growth in some sectors have helped the New Zealand economy stay the course according to the latest ASB Quarterly Economic Forecast, but it is going to continue to be a slow grind for Kiwis over the coming months. ... More >>

ASB Sustainable Economics Report Calls For Kiwis To Change The Way They Use Energy

Monday, 25 March 2024, 11:37 am | ASB Bank

ASB’s latest Sustainable Economics report released today shows New Zealand’s energy usage will need to become heavily electrified if the country is to meet its net zero by 2050 emissions target. With 70% of emissions in the target’s scope ... More >>

ASB Regional Economic Scoreboard Q4 2023

Wednesday, 20 March 2024, 9:28 am | ASB Bank

ASB’s Regional Economic Scoreboard shows Auckland coping best, amid economic slowdown Auckland has led the Scoreboard for the second consecutive quarter. This quarter’s Scoreboard ‘winners’ are those coping better than others rather than producing ... More >>

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 >>





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