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General Business
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ASB profits up 10% as Kiwis face tougher times

The bank is trying to do the right thing by its customers in a high interest rate environment, CEO Vittoria Shortt says.

ASB chief executive Vittoria Shortt speaks with Maria Slade.

Maria Slade Wed, 15 Feb 2023

ASB’s 10% increase in net profit to $840 million for the half year to December comes as Kiwis face a cost of living crunch, chief executive Vittoria Shortt acknowledges.

The bank improved its profits on the back of a 4% rise in lending to $107 billion, including a 5% rise in its mortgage book and

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ASB profits up 10% as Kiwis face tougher times
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