ASB Bank - Latest News [Page 5]
ASB Research Finds Young Kiwis 19 Per Cent More Likely To Live Paycheck-to-paycheck
Tuesday, 16 August 2022, 11:26 am | ASB Bank
ASB’s latest Financial Wellbeing research has found many young New Zealanders aged 18 -24 are struggling to balance day-to-day living costs and want support to build good money habits. The bank’s analysis looked at the spending and ... More >>
ASB Full Year Results: Building Resilience Today And For Our Future
Wednesday, 10 August 2022, 10:42 am | ASB Bank
In its 175th year, ASB has reported a cash net profit after tax of $1,418 million for the 12 months to 30 June 2022, an increase of $122 million or 9% on the prior year. Key performance drivers The result is driven by continued lending growth despite ... More >>
ASB’s Latest Trade Disruption Report: Low Export Demand And High Import Prices Look Set To Continue
Tuesday, 2 August 2022, 10:14 am | ASB Bank
After a strong initial recovery from the effects of COVID-19 in 2021, New Zealand is likely to feel the impact of slowing global trade well into 2023, according to ASB’s latest Trade Disruption economic report. The report looks at the impact of ... More >>
ASB Business Customers Keeping Options Open In War Against Inflation
Friday, 29 July 2022, 1:19 pm | ASB Bank
ASB’s latest Small-Medium Enterprise (SME) research shows business customers are feeling the pressure of record inflation on their businesses and supply chains but they’re prepared to make changes to stay afloat. Three quarters (76%) ... More >>
ASB Lifts Savings Deposit Rates And Home Lending Rates Following OCR Increase
Thursday, 14 July 2022, 2:40 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%. The maximum interest rate on ASB’s Savings Plus deposit account will increase from 1.25% to ... More >>
ASB Launches ‘Level Up’ With The Monkeys Aotearoa
Wednesday, 6 July 2022, 10:43 am | ASB Bank
When it comes to money, young people want life hacks, not lectures. In its latest campaign ASB is helping 18 to 24-year-olds better navigate a world of financial possibilities they can take advantage of. <img src="https://img.scoop.co.nz/stories/images/2207/d565d39ab3eb9271c874.jpeg" ... More >>
ASB’s Quarterly Economic Forecast: COVID Splutters; Inflation Heats Up; Labour Shortages Flare
Tuesday, 31 May 2022, 10:09 am | ASB Bank
Omicron’s economic impact has been far milder than the 2020 and 2021 COVID outbreaks Labour markets are exceptionally tight, with labour shortages the most elevated since the 1970s Borrowers are currently bearing the brunt of combatting ... More >>
Hundreds Of Millions In Government KiwiSaver Contributions Still Up For Grabs
Monday, 30 May 2022, 10:10 am | ASB Bank
With a month remaining until the 30 June deadline for New Zealanders to be eligible for an annual government KiwiSaver contribution, ASB says potentially hundreds of thousands of people could miss out on receiving the full benefit. Every year the ... More >>
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 >>