ASB lifts first-half profit 13% as new CEO starts
A big drop in charges for bad debts boosted ASB's result.
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
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Jenny Ruth
Wed, 07 Feb 2018
Wed, 07 Feb 2018
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ASB lifts first-half profit 13% as new CEO starts
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