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ASB boss calls for wage subsidy extension

Bank profits fall as coronavirus continues to hit customers hard.

Maria Slade Wed, 12 Aug 2020

ASB chief executive Vittoria Shortt is calling for a targeted extension of the wage subsidy as the ongoing Covid-19 crisis affects certain sectors of the bank’s customers.

The bank has reported a 20% drop in annual net profit, thanks in large part to increased bad loan provisions due to the

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ASB boss calls for wage subsidy extension
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