ASB Bank - Latest News [Page 6]
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 >>
As Kiwis Brace For Omicron, ASB Reveals Personal Financial Wellbeing Is Strongest In Tasman, Nelson
Tuesday, 25 January 2022, 10:48 am | ASB Bank
As New Zealand braces for Omicron following confirmation of the variant in Auckland, Tasman and Nelson, the latest financial wellbeing research from ASB suggests people in these regions may be better placed financially to manage the impacts of an Omicron ... More >>
ASB’s Inaugural Trade Disruptions Report Predicts Exports To Grow In 2022 But Global Supply Chains Will Get Worse
Thursday, 9 December 2021, 12:29 pm | ASB
New Zealand consumers are likely to feel the effects of supply chain disruption well into 2022, according to ASB’s first Trade Disruptions economic report. The report looks at the impact of COVID-19 on supply chain and global trade, and forecasts what ... More >>
ASB Backs Home Buyers With Market-leading 2-year Fixed Home Lending Rate
Tuesday, 7 December 2021, 9:27 am | ASB Bank
ASB has dropped its two-year fixed home loan rate by 0.2% to a market-leading 4.15%. Craig Sims, executive general manager retail banking, said the change gives home buyers options in a rising rate environment. “It’s been a challenging year for ... More >>
Kiwis Are Backing The Housing Market To Continue Climbing Despite Numerous Headwinds
Monday, 6 December 2021, 7:17 am | ASB
A net 73% of survey respondents now expect interest rates to increase. But this hasn’t shaken Kiwis’ house price expectations, which actually increased last quarter Buyer sentiment hits a five-year-low. Kiwis are backing New Zealand’s housing ... More >>
ASB Urges Customers To Unleash More Than $60 Million Of True Rewards Spending Power To Help Kiwi Businesses This Summer
Monday, 29 November 2021, 9:30 am | ASB Bank
ASB is encouraging customers to dust off their True Rewards loyalty cards and get shopping as a practical way of supporting COVID impacted businesses. ASB customers collectively have more than $60 million in True Rewards Dollars spending power available ... More >>
New Zealand Economy Set For A Slower Lockdown Rebound According To The Latest ASB Quarterly Economic Forecast
Friday, 26 November 2021, 6:43 am | ASB
New Zealand is expected to begin opening its borders in the first half of 2022 but will face ongoing domestic headwinds in its economic recovery. Inflation is likely to near 6% (a thirty year high) by the end of this year and remain above 3% into ... More >>
ASB Increases Savings Deposit Rates; Moves Home Loan Rates Following OCR Increase
Wednesday, 24 November 2021, 1:59 pm | ASB Bank
ASB will make changes to some interest rates following the Reserve Bank of New Zealand’s announcement today it is increasing the Official Cash Rate (OCR) by 0.25%. Deposit rates on Savings Plus and Headstart savings accounts will increase by 0.25%, taking ... More >>
KiwiSaver Confidence Hits Record High As Kiwis Eye Up Their Investments
Monday, 22 November 2021, 9:20 am | ASB Bank
More New Zealanders have been seeking expert financial advice to help with their investments, and this is flowing through to confidence according to the latest ASB KiwiSaver Survey. For the three months to October, 32% of survey respondents ranked ... More >>
Craigmore And ASB Team Up On $78 Million Sustainable Transition Loan
Wednesday, 17 November 2021, 10:15 am | ASB Bank
Craigmore Sustainables, one of the largest diversified farm management companies in Aotearoa, has secured nearly $80 million in funding from ASB in an innovative sustainability-focused deal. The sustainable transition loan provides a pathway to ... More >>
Investor Confidence Hits Five-year High, With Aucklanders The Most Confident Despite Lockdown
Thursday, 11 November 2021, 6:08 am | ASB
Investor confidence has rebounded to the highest level since early 2017, sitting at nett 25% for Q3 2021. Aucklanders are the most optimistic despite lockdown, with confidence at nett 31% compared with 23% for the rest of New Zealand. Respondents’ ... More >>
ASB Selects Microsoft Azure As Its Preferred Cloud Provider
Tuesday, 9 November 2021, 8:59 am | ASB Bank
ASB has selected Microsoft Azure as its preferred cloud provider, becoming an anchor tenant for Microsoft’s New Zealand data centres. The arrangement will see hundreds of ASB’s applications and thousands of servers shift to the Microsoft Azure cloud, ... More >>
ASB Backs Small Business With Contactless Debit Fees Waiver Until End Of 2021
Friday, 29 October 2021, 10:31 am | ASB Bank
ASB has today announced it will continue to waive merchant fees on contactless debit card transactions for eligible small business customers until 31 December, 2021. ASB’s executive general manager for Business Banking Tim Deane says, “ASB is ... More >>
ASB Teams Up With Russell McVeagh For “Borrow The Expert” Webinar To Help Kiwi Businesses Navigate Vaccination Issues
Thursday, 28 October 2021, 2:37 pm | ASB Bank
ASB is partnering with law firm Russell McVeagh and a workplace health and safety expert to help Kiwi businesses navigate the complex issues surrounding COVID-19 including vaccination requirements for employees, contractors, customers and others who may ... More >>