ASB Bank - Latest News [Page 1]

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 >>

ASB Full Year Result – Supporting A Resilient And Strong New Zealand

Wednesday, 11 August 2021, 10:22 am | ASB

Following a determined focus to support its customers and New Zealand through an unpredictable year, ASB has reported a cash net profit after tax (NPAT) 1 of $1,295 million for the 12 months to 30 June 2021. This represents an increase of $330 million ... More >>

Labour Shortage Sting Set To Cause Issues For Years According To Latest ASB Quarterly Economic Forecast

Thursday, 5 August 2021, 9:16 am | ASB Bank

  New Zealand’s labour shortage has intensified and is likely to last years. Inflation is likely to spike to 4% – the highest it’s been since GST was increased in 2010 – and then settle around 2.5%. ASB expects the OCR to reach 1.5% ... More >>

ASB’s New Support Finder Tool Helps Connect Customers With Thousands In Government Support

Monday, 2 August 2021, 6:24 am | ASB

ASB research alongside benefit numbers from the Ministry of Social Development shows an increased number of Kiwis are struggling financially, and many may not be aware they’re eligible for government support. ASB data indicates 30,000 of the bank’s ... More >>

ASB Offers Relief To Customers Affected By Westport And Marlborough Flooding

Monday, 19 July 2021, 12:57 pm | ASB Bank

  ASB is supporting customers affected by the extreme weather event in Westport and Marlborough, offering tailored packages including suspension of home loan repayments and an emergency overdraft facility of up to $100,000 at a reduced ... More >>

ASB Appoints World’s Largest Asset Manager BlackRock In Major Partnership To Enhance Investment Offering

Monday, 19 July 2021, 9:14 am | ASB Bank

ASB has entered into a strategic partnership with BlackRock, that will see its investment customers benefit from the global expertise of the largest investment management firm in the world. Over half-a-million ASB customers have more than NZD$20 billion ... More >>

ASB Adjusts Interest Rates As The Economic Outlook Improves

Wednesday, 14 July 2021, 9:08 am | ASB Bank

ASB has today announced increases to its fixed term mortgage and term deposit rates. Craig Sims ASB’s executive general manager of Retail Banking says, “The New Zealand economy is proving robust, and the economic outlook has improved. While interest ... More >>

ASB Connects Thousands More Kiwis To Digital Banking With New Community Support

Tuesday, 13 July 2021, 2:44 pm | ASB Bank

More than 100,000 ASB customers used digital banking for the first time in the past year and with the move online accelerating, ASB is putting more support in place for customers who need some extra help. Hard on the heels of celebrating the delivery ... More >>

ASB Regional Economic Scoreboard Q1 2021

Monday, 5 July 2021, 9:09 am | ASB Bank

Island divide widens in the latest ASB Regional Economic Scoreboard The island divide continues this quarter with the North Island taking the top nine spots and the South Island the bottom seven. Northland retains its top spot on the scoreboard for the ... More >>

ASB Back My Build Tops $2 Billion In Lending For New Build Houses

Wednesday, 30 June 2021, 9:38 am | ASB Bank

In just over a month since ASB launched its special Back My Build home loan rate to boost housing supply and help Kiwis onto the property ladder, the bank has received applications for more than $2 billion in lending to support the construction of 3,000 ... More >>

ASB Reveals New Zealand’s Financial Wellbeing Gender Divide

Friday, 25 June 2021, 8:46 am | ASB Bank

Financial data from more than half a million ASB personal banking customers has revealed that on average Kiwi women are 2% financially better off day to day than men. This is despite earning 9% less on average, as men erode their pay advantage by spending ... More >>

New Zealanders Missing Out On Hundreds Of Millions In KiwiSaver Government Contributions

Friday, 18 June 2021, 11:42 am | ASB Bank

  New Zealanders have just over a week to ensure they’re eligible for the maximum annual government KiwiSaver contribution and ASB says hundreds of thousands of people look set to miss out.   Every year the New Zealand Government ... More >>

ASB Commits $100 Million In Low-cost Green Loans To Help Farmers Tackle Environmental Impact

Wednesday, 16 June 2021, 8:58 am | ASB Bank

Kiwi farmers wanting to boost their climate resilience and make a positive difference to the environment are set to benefit from ASB’s new Rural Sustainability Loan, which offers a market-leading 2.25% p.a. variable rate for sustainable farming improvements. ... More >>

Economy Facing Shifting Challenges As Global COVID-19 Rebound Ramps Up

Friday, 11 June 2021, 5:28 am | ASB

Growing pains ahead for New Zealand’s ongoing economic recovery The housing market is set to come off the boil. Inflation pressures are starting to lift, and ASB expects the OCR to increase from mid-2022. There is light at the end of the COVID-19 tunnel, ... More >>

ASB Offers Relief To Customers Affected By Canterbury Region Flooding

Wednesday, 2 June 2021, 5:31 pm | ASB

ASB is supporting customers affected by the extreme weather event in Canterbury, offering tailored packages including suspension of home loan repayments as well as an emergency overdraft facility of up to $100,000 at a reduced variable interest ... More >>

ASB Housing Confidence Survey Shows Policy Changes Yet To Curb House Price Expectations

Friday, 28 May 2021, 6:06 am | ASB

Surveyed house price expectations have wobbled but remain high despite government policy changes. Buyer sentiment has turned more negative with a net 21% saying it is a bad time to buy. The rate of house price growth is expected to slow over the ... More >>