‘No signs of stress’: ASB reports $1.47b profit
The bank is seeing no signs of material pressure among customers, CEO says.
ASB CEO Vittoria Shortt speaks with Maria Slade.
Growth in mortgage lending helped drive an 11% increase in profit for ASB in 2022, despite the slowing housing market.
ASB today reported statutory net profit of $1.47 billion in the 12 months to June, up from $1.32b the prior year.
Home lending grew 6% in the period, albeit this was less than the
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