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ASB Bank

Apec Business Lobby Monitoring Trade Committments Made At G20

Wellington, Feb 12 NZPA - Some of the biggest names in world business met in Wellington today to warn governments around the world not to give in to pressures for short-term regulatory and protectionist solutions to financial woes.

Margins Under Intsense Downward Pressure, Says ASB Chairman

Margins Under Intsense Downward Pressure, Says ASB Chairman
Wellington, Feb 11 NZPA - Robust competition is placing intense downward pressure on margins, ASB Bank chairman Gary Judd QC says. The bank's margin declined to 1.5 percent in December compared to 1.8 percent a year earlier.

ABEC Meeting Brings Global Business Heavyweights To Wellington

ABEC Meeting Brings Global Business Heavyweights To Wellington
Wellington, Feb 6 NZPA - Some of the biggest names in world business will be in Wellington next week to discuss and feed ideas into the Asia Pacific Economic Forum.

Abano Healthcare Confirms Funding For Growth

Abano Healthcare Confirms Funding For Growth
Wellington, Oct 29 NZPA - Abano Healthcare Group says it has confirmed funding arrangements with its banks, allowing it to continue expanding its dental and audiology operations.

Kiwibank First To React To Rates Cut

Kiwibank First To React To Rates Cut
Wellington, Oct 23 NZPA - Kiwibank was the first bank to react to Reserve Bank governor Alan Bollard's cut in the Official Cash Rate (OCR) by making a matching one percent cut to its variable home loan rate.

ASB Names New Boss

Wellington, Sept 8 NZPA - ASB has appointed a new boss to replace Hugh Burrett who spent more than 40 years with the bank -- seven in the top job.

ASB Net Operating Profit Up 11 Pct To $532m

Wellington, Aug 13 NZPA - ASB Bank, a unit of Commonwealth Bank of Australia (CBA), is reporting a full year net operating profit up 11 percent to $532 million.

Another Bank Lowers Mortgage Rates After OCR Cut

Wellington, July 25 NZPA - Another bank has lowered mortgage rates, following the Reserve Bank's decision to lower the Official Cash Rate (OCR) yesterday.

ASB First Bank To Respond To Reserve Bank Rate Cut

By Simon Louisson of NZPA Wellington, July 24 NZPA - ASB Bank today responded to the Reserve Bank's quarter percent cut in the Official Cash Rate (OCR) with a matching cut to its key two-year fixed rate.

Banks Move To Lower Mortgage Rates Since OCR Statement

Wellington, June 12 NZPA - A fall in mortgage rates which started with last week's Reserve Bank statement has now seen a widespread move by banks to lower rates. A standard two-year fixed rate of 9.2 percent is now common.

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