ASB Bank - Latest News [Page 2]

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 >>

ASB Supports Move To Regulate Merchant Service Fees

Wednesday, 12 May 2021, 12:43 pm | ASB Bank

ASB welcomes the Government’s announcement today that it will introduce a bill later this year to reduce and regulate merchant service fees in New Zealand. ASB’s Executive General Manager Business Banking Tim Deane says the changes are timely ... More >>

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 >>