ASB Bank - Latest News [Page 1]

ASB Board Chairman Gavin Walker To Retire From ASB Board

Tuesday, 30 March 2021, 9:36 am | ASB Bank

  ASB Chairman Gavin Walker ONZM will retire from the ASB Board at the end of August 2021 and be replaced as Chairman by current Director Dame Therese Walsh. Mr Walker joined the ASB board in March 2010 and took over the chairmanship in August ... More >>

A Tale Of Two Islands As The Rural And Tourism Sectors Divide The North And The South

Monday, 29 March 2021, 10:32 am | ASB Bank

  The North Island continued to outperform the south in the final quarter of 2020, fuelled by a booming primary sector while the tourism impacts of Covid-19 continued to bite in the south. Northland claimed its second consecutive top spot ... More >>

One Year On From Lockdown - New Research From ASB Highlights The Financial Impact Of Covid-19 On Kiwis

Thursday, 25 March 2021, 9:20 am | ASB Bank

One year on from lockdown: New research from ASB highlights the financial impact of Covid-19 on Kiwis Kiwis’ overall financial wellbeing has improved 8% on average since the first lockdown, largely driven by reduced spending. But we’re still doing ... More >>

Housing Confidence At A 25-year High But Buyer Sentiment Turns Negative As Affordability Bites

Friday, 12 March 2021, 9:40 am | ASB Bank

  · Surveyed house price expectations have hit a fresh high this quarter. · Buyer expectations have turned negative with a net 8% saying it was a bad time to buy. · The rate of house price growth is expected to level out somewhat in the ... More >>

ASB Supports Savers With New 1.75% Market Leading Term Deposit Rate

Monday, 1 March 2021, 7:35 am | ASB

ASB is increasing its term deposit rates, including lifting the 60-month term deposit rate by 0.75% to a market leading 1.75%. ASB’s Executive General Manager of Retail Banking, Craig Sims, says ASB is taking the opportunity to offer Kiwis with cash ... More >>

ASB Quarterly Economic Forecast Predicts OCR Hike As Early As August 2022

Monday, 22 February 2021, 9:22 am | ASB Bank

Predictions of interest rate rises have been brought forward 12 months in ASB’s latest Quarterly Economic Forecast. Chief Economist Nick Tuffley now expects the RBNZ to begin raising the OCR from its current level of 0.25% as early as August ... More >>

ASB Half Year Result - Supporting A Strong And Sustainable New Zealand

Wednesday, 10 February 2021, 11:40 am | ASB Bank

ASB today reported a cash net profit after taxation (NPAT) [1] of $614 million for the six months ended 31 December 2020, a decrease of 1% on the prior comparative period. The result reflects the continued resilience of the New Zealand economy in ... More >>

Investor Confidence Back In Positive Territory

Tuesday, 9 February 2021, 4:22 pm | ASB

CHART A Investor confidence continues to recover, sitting at nett 2% for Q4 2020, but has a way to go to return to pre-pandemic levels. Aucklanders remain less optimistic than elsewhere, with confidence at nett -7% compared with +7% for the rest of New ... More >>

Small Change Adds Up To Nearly $4m A Month For ASB Customers

Tuesday, 9 February 2021, 3:16 pm | ASB Bank

ASB customers using the bank’s Save the Change tool are collectively saving nearly $4 million a month by simply rounding up their ASB EFTPOS or Visa Debit card purchases to the nearest $1, $2, $5 or $10. ASB is celebrating 10 years of Save the Change ... More >>

ASB Further Adjusts LVR Restriction In Support Of First Home Buyers

Friday, 5 February 2021, 4:41 pm | ASB

ASB is immediately increasing the minimum deposit required from investors in a move to further address the rapid growth in home lending volumes. ASB’s Chief Executive Officer Vittoria Shortt says, “We’re concerned the continued high levels of investor ... More >>

ASB Welcomes Climate Change Commission Report And Announces Plans To Help Customers Lower Emissions

Tuesday, 2 February 2021, 9:25 am | ASB Bank

ASB welcomes the release of the Climate Change Commission’s first draft advice to government which calls for ‘transformational and lasting’ change across society and the economy. Chief Executive Officer Vittoria Shortt says, “Banks have an important ... More >>

A Million Reasons To Use ASB’s Card Control This Summer

Tuesday, 22 December 2020, 10:35 am | ASB Bank

ASB is reminding customers who lose or temporarily misplace their Visa card this summer to use the bank’s mobile app to place an instant block on its use. In the 12 months to the end of November more than 100,000 ASB Visa cards were reported lost ... More >>

Northland And New Zealand’s Rural Sector Steal The Show In The Latest ASB Regional Economic Scoreboard

Friday, 18 December 2020, 8:59 am | ASB

Northland climbs seven spots to take top place Rural New Zealand dominates this quarter with Bay of Plenty and Waikato rounding out the top three The North Island is still the place to be as the South Island trails Taranaki dropped eight spots, ... More >>

ASB Welcomes Business Finance Guarantee Scheme Extension With An Interest Rate Cut

Wednesday, 16 December 2020, 4:30 pm | ASB Bank

  ASB has cut its Business Finance Guarantee Scheme (BFGS) interest rates to help ensure more businesses benefit following the scheme’s latest extension, announced by the Government today. The revised Government scheme includes more flexibility ... More >>

ASB Decreases Merchant Services Fees To Further Support Kiwi Businesses

Thursday, 10 December 2020, 12:07 pm | ASB Bank

ASB welcomes the Government’s announcement today that it will consult on merchant services fees and has immediately moved to implement a substantial rebate for small and medium sized ASB business customers until the outcome of the consultation. The ... More >>

Out Of The Frying Pan, Into The Mire According To ASB KiwiSaver Research

Thursday, 10 December 2020, 6:04 am | ASB

Sharemarket volatility has tested the nerve of ASB KiwiSaver customers this year, with six percent switching to lower risk cash and conservative funds in March as Covid-19 saw sharemarkets plunge. Commenting on ASB’s KiwiSaver data, Senior Economist ... More >>

NZ Economy Holding Up Well Amongst The Developed World, Forecast To Finish The Year Down 3% On 2019

Wednesday, 2 December 2020, 8:16 am | ASB

As the Northern hemisphere heads into winter and continued lockdowns, the sun is shining on New Zealand, with the latest ASB Quarterly Economic Forecast predicting just a three percent annual decline by year end – a significantly better outlook ... More >>

ASB Survey Reveals Majority Of Kiwis Expect House Prices To Keep Climbing

Monday, 30 November 2020, 8:52 am | ASB

House price expectations are soaring as New Zealand’s housing market shifts up a gear. But stretched affordability is putting a dent in perceptions of whether it’s a good time to buy. While Kiwis reveal they do expect interest rates to fall further. ... More >>

ASB Adjusts LVR Restrictions In Support Of First Home Buyers

Thursday, 12 November 2020, 5:03 pm | ASB Bank

ASB is moving immediately to increase the minimum deposit required from investors in the wake of the Reserve Bank of New Zealand’s announcement yesterday that it is considering the reintroduction of loan-to-value restrictions (LVR) in March 2021. ... More >>

$200k Up For Grabs For Kiwi Businesses Innovating In The Face Of COVID

Tuesday, 10 November 2020, 9:23 am | ASB Bank

ASB is calling on entrepreneurs across the country to apply for one of four $50,000 grants to help them bring an innovative business idea to life. The $200,000 grant pool is part of the ASB Backing Business series on TVNZ, which celebrates Kiwi businesses ... More >>