close
MENU
Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
2 mins to read

ASB lifts first-half profit 13% as new CEO starts

A big drop in charges for bad debts boosted ASB's result.

Jenny Ruth
Wed, 07 Feb 2018

ASB Bank lifted first-half net profit 13%, with incoming chief executive Vittoria Shortt attributing that to a combination of balanced lending and deposit growth and stabilising profit margins.

The bank, owned by Commonwealth Bank of Australia, reported a net profit of $593 million for the six

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Jenny Ruth
Wed, 07 Feb 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
ASB lifts first-half profit 13% as new CEO starts
73184
true