ASB Bank - Latest News [Page 8]
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 >>
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 >>