Latest News for: asb bank

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'Upside surprise': NZ limps out of recession, GDP rises 0.7%

NewstalkZB 20 Mar 2025
ASB economist Wesley Tanuvasa added a note of caution ... Earlier ... At the lower end at 0.3% – and in line with the Reserve Bank’s (RBNZ) forecast – ASB chief economist Nick Tuffley said the details would likely show uneven fortunes by sector ... .
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High-rise horror: Owners of wrecked apartments in upmarket Auckland suburb to walk away

NewstalkZB 20 Mar 2025
The owners were represented by leaky building specialist barrister Tim Rainey.  ... Rainey said today ... The names of owners and their lenders are listed in the decision, showing mortgages to Westpac, ASB Bank, The National Bank/ANZ and others.  ... .
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Home loan wars: Major bank cuts rates again

NewstalkZB 19 Mar 2025
ASB said it’s the bank’s fifth fixed-rate mortgage drop in 2025.  ... banking.  ... ASB now has the equal lowest interest rate for a six-month fixed term among the big banks along with BNZ. .
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Another major bank cuts home loan rates

RNZ 19 Mar 2025
ASB has cut a number of its fixed home loan rates ... ASB executive general manger personal banking Adam Boyd said a growing number of customers were splitting their mortgages across different terms. The drops take effect immediately ... ....
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Nielsen Data Shows Financial Sector Ad Spend Rise In NZ Amid Shifting Consumer Sentiment And ...

Scoop 19 Mar 2025
Leading advertisers over the past year included ANZ, Bank of New Zealand, ASB Bank, Kiwibank, and Westpac, with Latitude Financial Services notably leaping from 32nd place to 6th ... .
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GDP: Will today’s data show the end of the recession?

NewstalkZB 19 Mar 2025
Stats NZ releases GDP growth figures today at 10.45am.  ... At the lower end at 0.3% – and in line with the Reserve Bank’s (RBNZ) forecast – ASB chief economist Nick Tuffley said the details would likely show uneven fortunes by sector.  ... .
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Out of recession: New Zealand’s GDP rises 0.7%

NewstalkZB 19 Mar 2025
Eleven of the 16 industries increased this quarter ... EARLIER ... At the lower end at 0.3% – and in line with the Reserve Bank’s (RBNZ) forecast – ASB chief economist Nick Tuffley said the details would likely show uneven fortunes by sector.  ... .
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Hidden good news for term deposits

RNZ 18 Mar 2025
Term deposit rates might have fallen, but people with money in the bank may still be getting a better return, in real terms, than they have in recent years. ASB senior economist Chris Tennent-Brown ...
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ASB Launches Caller Check To Combat Scammers

Scoop 16 Mar 2025
Caller Check allows ASB customers to confirm they’re speaking with an actual ASB employee when they receive a call from the bank by sending a push notification in the ASB Mobile Banking app ... .
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Here's what home loan borrowers are doing - have they made the right call?

RNZ 12 Mar 2025
Data released from the Reserve Bank this week showed that in January, 89.5 percent of new owner-occupier loans were floating or fixed for less than a year ... While the big banks are offering 4.99 percent ...
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Calculated risk: will the next Reserve Bank governor relax capital requirements for banks?

Beijing News 11 Mar 2025
But it does raise important questions about Reserve Bank - and government - policies ... The 2022 capital requirements meant the "big four" banks (ANZ, Westpac, ASB and BNZ) had to of their risk-weighted assets over the next seven years.
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ANZ defends $2.1b profit: 'Making a fair return for our shareholders'

RNZ 10 Mar 2025
The country's biggest bank is again defending its massive profits in the face of parliamentary scrutiny, saying it reflects the size of the business ... ASB chair Dame Therese Walsh said the bank was "leaning in hard in terms of Māori lending.".
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