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ASB Financial Corp

Are Preference Shares A Good Investment?

When I retired in 2003, I went to the ASB for advice as to what to do with $250,000 proceeds from selling a business. An ASB investment adviser, who was a salaried employee who received incentives according to sales made, recommended ASB preference shares, and that is where I put it.

NZ Banks Source Funding Via Australian Parents

NZ Banks Source Funding Via Australian Parents
Wellington, Nov 3 NZPA - The four Australian-owned banks in New Zealand are sourcing as much as 10 percent of their wholesale funding directly through their parents in related party funding.

OCR Decision Against Backdrop Of Political Criticism

OCR Decision Against Backdrop Of Political Criticism
Wellington, June 11 NZPA - Today's decision on the Official Cash Rate (OCR) is being made against a background of political criticism of banks for failing to pass on cuts.

Maori Bank Would Help Community

Maori Bank Would Help Community
Wellington, June 10 NZPA - A Maori bank could offer decent rates and show the Australian-owned banks the way, the Maori Party says. MP Rahui Katene was on the finance and expenditure committee that released a report criticising banks for continued high interest rates.

Longer Term Fixed Rate Mortgages Continue To Rise

Longer Term Fixed Rate Mortgages Continue To Rise
Wellington, June 8 NZPA - Rates for longer term fixed mortgages continue to rise, highlighting the limits to the Reserve Bank's influence ahead of an interest rate decision on Thursday.

Commission Clears Four Banks Over Break Fees

Commission Clears Four Banks Over Break Fees
Wellington, April 30 NZPA - The Commerce Commission has found that loan break fees charged by four banks are "likely to be reasonable" and is continuing to investigate the fees charged by three other banks.

ANZ National Cuts Variable Mortgage Rate To 8.7 Percent

ANZ National Cuts Variable Mortgage Rate To 8.7 Percent
Wellington, Nov 21 NZPA - ANZ National Bank and ASB are cutting their variable home loan rate to 8.7 percent from 9.45 percent.

Credit Card Comparison TablesCompare Credit Cards - Independent interest rate and fees comparisons for New Zealand banks.