ASB argues lowering bank profits would be bad for customers
High profits help keep the cost of offshore funding down, says chair Dame Therese Walsh.
The ASB appeared before the select committee inquiry into banking competition.
ASB chair Dame Therese Walsh has defended the bank’s profit, saying its return on equity was vital to the safety and stability of the banking system.
Walsh told the Finance and Expenditure Select Committee inquiry into banking competition today that ASB’s level of profitability helped it access
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