ASB has lifted some of its fixed home loan and term deposit rates and lowered its 6-month home loan rate to a market leading 4.65%, in response to longer term wholesale rate movements.
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Economy in recovery mode after last year's recession.
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On net, nearly one-third of respondents say now is a good time to buy property, the strongest result since 2010Majority anticipate further drops in mortgage rates, but house price expectations remain modestGreat time for buyers, with lower interest rates and strong housing supply.
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ASB economists say the proposed sale of Fonterra’s Anchor and Mainland brands could unlock around $4.5 billion in additional spending as any sales proceeds flow through the New Zealand economy, with nearly half ($2.2 billion) going to three key sectors: manufacturing, retail/accommodation, and real estate.
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A new report from ASB and Lincoln University shows how smarter, more diverse land use could unlock billions in value for farmers and the wider economy, transforming the future of food and fibre by rethinking how we use our most valuable asset – our land.
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ASB is on a hiring drive to recruit 80 additional home ownership specialists as it prepares for a surge in home loan applications.
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ASB has today launched ASB ACCESS, a new programme to accelerate the export growth of established high-potential food and fibre businesses, through access to debt capital alongside advice, connections and expertise.
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ASB has appointed the Chief Executive of Australian based Humm Group, Rebecca James, as its new Executive General Manager of Business Banking.
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ASB is seeking expressions of interest from media agencies, with a Request for Proposal (RFP) process kicking off today as the bank looks to move from a multi-agency model to a single provider across all media services.
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With a month remaining until the 30 June deadline for New Zealanders to be eligible for an annual government KiwiSaver contribution, ASB says potentially hundreds of thousands of people could miss out on receiving the full benefit.
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Confidence returning for Kiwi investors as concerns over Europe abate Rental property regains top position as most attractive investment class NZ investors still cool on the stock market Investor confidence has climbed to its highest levels since the end of 2010 according to the latest ASB Investor Confidence Survey.
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ASB has reduced its 2 year fixed home loan rate from 5.45% to 5.25% per annum, the lowest unrestricted rate on the market.
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ASB is now offering the same great fixed home loan interest rate of 5.45% per annum across all fixed terms of two years and under.
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A continued focus on providing simple and innovative solutions for customers has contributed to ASB recording a 21% increase in Statutory Net Profit after Taxation to $685m for the year ended 30 June 2012, up from $568m in the prior year.
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From today, ASB customers can make payments directly to their Facebook ‘friends’, in the latest enhancement to the popular ASB Mobile app.
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ASB has been honoured as New Zealand’s best online bank by independent researcher CANSTAR in its first ever review of the nation’s online banking market.
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Customer feedback drives enhancements as New Zealand's most popular banking app passes 100,000 downloads ASB is set to transform the way New Zealanders send and receive money with the launch today of a major upgrade to its popular mobile banking app.
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ASB is cutting its 4 and 5 year fixed home loan rates by 40 basis points.
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• Europe to continue with its “muddle through” approach to dealing with crisis.
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A resilient New Zealand economy has provided a platform for ASB to record a statutory net profit after tax of $372 million for the six months ended 31 December 2011, an increase of 31.4 percent on the same period last year.
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Investor confidence has shown ongoing resilience, declining only marginally amid the gloom of the Eurozone crisis and continued low interest rates, according to the latest quarterly ASB Investor Confidence Survey.
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• Housing confidence fell for the third successive quarter.
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ASB is reducing some of its fixed home loan interest rates by up to 0.20%.
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· Investor confidence climbed slightly over Q3, amid overseas market volatility.
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ASB is reducing its fixed home loan interest rates by up to 0.40%.
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Housing confidence eased slightly over the three months to the end of July, according to the latest ASB NZ Housing Confidence Survey.
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Improved economic conditions have contributed to ASB recording a 27.6 percent increase in statutory net profit after tax to $568 million for the year ended 30 June 2011.
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ASB is responding swiftly to wholesale funding market movements, and reducing its home loan fixed interest rates.
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· New Zealand recovery gathering momentum · The global economy generally in good shape · The growing influence of Asia and New Zealand’s rising Terms of Trade imply a structural shift in the NZ and US dollars.
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CHRISTCHURCH — ASB has today announced further customer support initiatives under its Christchurch Rebuild package to include additional concessions for homeowners in the Government designated ‘Red Zone’.
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AUCKLAND — ASB Chief Operating Officer Russell Jones was announced the winner of the 2011 CIO of the Year Award at last night's CIO Summit dinner and annual awards ceremony at the Sky City Convention Centre in Auckland.
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CHRISTCHURCH — ASB welcomes Government announcement for Christchurch homeowners Further support available for customers in the red zone ASB Chief Executive Barbara Chapman says the Bank welcomes today’s announcement by Government, which outlines the next steps for homeowners in Canterbury.
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Housing Confidence increased in the April 2011 quarter House price expectations also on the rise Lower expectation of interest rate increases over the next 12 months Housing confidence rose slightly over the three months to April, according to the latest ASB NZ Housing Confidence Survey.
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Today, Moody's Investor Services (Moody's) announced the outcome of their review of the ratings of all major New Zealand banks.
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Independent Director Gavin Walker to Become Chairman The long-serving Chairman of ASB Bank, Gary Judd QC, has announced his intention to retire following the August 2 board meeting.
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The February earthquake in Christchurch has reshaped the economic outlook, delaying the recovery by three to six months, according to the latest ASB Quarterly Economic Forecast.
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CANTERBURY — In a media conference this morning with the Prime Minister, the Rt.
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The ASB Bank Board has appointed New Zealander, Barbara Chapman, as ASB Bank Limited’s new Chief Executive and Managing Director.
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ASB has today announced decreases to its variable lending and on call savings account interest rates.
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CHRISTCHURCH — ASB has introduced a number of new ways to donate to support our people in Christchurch.
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ASB, yesterday, announced it will be dropping its home loan fixed interest rates by up to 0.5 of a percentage point.
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CHRISTCHURCH — Three ASB branches are now open for business in Christchurch, along with 14 ATMs.
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CHRISTCHURCH — ASB’s Hornby Mall branch will be open again on Friday 25 February for reduced hours between 10:00am and 4:00pm.
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CHRISTCHURCH — ASB will be re-opening its Hornby Mall branch for reduced hours between 10:00am and 4:00pm tomorrow, Thursday 24 February.
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CHRISTCHURCH — The devastating event in Christchurch has caused extensive damage to some ASB infrastructure in the area.
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CHRISTCHURCH — Following the tragic events in Canterbury yesterday afternoon, ASB has been working to support our people, customers and the wider community affected by this disaster.
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New Zealand’s slow economic recovery is likely to make more progress in 2011 than in 2010, according to the latest ASB Quarterly Economic Forecast.
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WEST COAST — ASB Bank and The Greymouth Evening Star Company Ltd are together establishing a new fund to receive donations for a permanent memorial to the Pike River miners and contractors.
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Business owners are feeling the impact of the slow and uncertain recovery, with perceptions slumping across a number of key indicators, according to the latest ASB Succession Planning Monitor.
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Housing confidence has slipped, but only slightly, as house price expectations continued to fall over the last quarter, according to the latest ASB NZ Housing Confidence Survey.
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ASB’s Investor Confidence Survey has shown a 4 percentage point decline to a net 15 percent over the September 2010 quarter.
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ASB has made the challenge of saving easier for its customers with the introduction of Save the Change, the modern day equivalent of putting loose coins in the money jar.
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ASB Group Investments has announced that it is changing the fee structure for its five index-tracking funds under the FirstChoice KiwiSaver Scheme.
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AUCKLAND CITY — ASB is throwing its support behind Starship’s Spring Clean.
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After 11 successful years and numerous awards, the final ASB Ira Goldstein advertisement will air on television this week.
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CANTERBURY — ASB Bank, together with other CBA Group companies in New Zealand (Sovereign, CBA (NZ) Branch, BankDirect and Kiwi Income Properties), has responded to the residents and businesses across the Canterbury region by activating a range of emergency relief initiatives to help those impacted by Saturday’s earthquake.
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CANTERBURY — In conjunction with the Red Cross, ASB has opened an account for victims of the Canterbury Earthquake.
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ASB is the first major New Zealand bank to offer senior customers home equity release loans.
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ASB has maintained sound financial performance through the economic recession, reporting a solid net profit after tax of $428m for the year ended 30 June 2010 (2009: $431m) after taking into account the one-off additional tax charge of $209m and the perpetual dividend payments of $17m.
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· Housing confidence static but still relatively upbeat.
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New Zealand’s recovery continues, though offshore risks have deepened.
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More business owners planning to sell within two years.
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ASB has today announced increases to both its variable home lending and most savings account rates.
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Investor confidence has simmered down from record high levels reached earlier this year, according to the latest ASB Investor Confidence Report.
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Housing confidence has continued to wane over the three months to April, according to the latest ASB Housing Confidence Survey.
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ASB takes any matters of fraud very seriously and is pleased that the SFO investigation has culminated in Stephen Versalko being sentenced to imprisonment after pleading guilty to his criminal activity.
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Changes announced today to ASB’s Job Creation Loans will bring greater flexibility for businesses.
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ASB has reduced its floating home mortgage rate by 0.65 percent to a market leading rate of 5.75 percent, its lowest floating rate in more than 40 years.
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ASB has detected a serious case of fraud by an employee providing investment advice to customers involving several million dollars.
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Statement made by Gary Judd QC, Chairman, ASB Bank Limited.
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ASBs Succession Planning Monitor for the first quarter of 2009 confirms that market sentiment continues to be cautious about selling.
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ASB remains 100% committed to doing whatever we can to retain as many jobs as possible for New Zealanders right here in New Zealand.
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In the opening quarter of 2009, bank savings accounts, often seen as the most conservative investment class, came in tops for the first time in the ASB Investor Confidence survey, rising 5 points to a net 21% as investors opt for safety, security and accessibility in these uncertain times.
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ASB today announced a range of initiatives intended to responsibly address the effects on its business of the global economic recession and protect jobs.
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In the wake of government and media interest about banks’ responses to New Zealanders experiencing difficulties managing their debts, ASB today announced the establishment of a dedicated Financial Help Team.
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ASB’s new Chief Executive, Charles Pink, today announced three new roles designed to align ASB’s organisation structure and leadership with ASB’s vision of being world class for customers, colleagues and communities (“world class for the 3 C’s”) : · Chief Executive Customers, Markets and Products This new role will bring together customer, marketing and product management units.
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Ten new loans totalling $3.8m and 41 jobs saved in our community.
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· 75% of 8 -12 year olds in the ASB SmartStart Survey either don’t have a bank account or rarely use it.
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As the economic crisis continues to impact on New Zealand businesses, the latest data from the ASB Succession Planning Monitor confirms that, increasingly businesses do not think now is a good time to sell.
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ASB has created a special $1 billion loan fund for New Zealand businesses to borrow at below market rates if they can demonstrate the loans will create employment, or prevent people losing their jobs.
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On Monday this week, ASB opened a trust account to receive donations for the victims of the horrific bushfires in Victoria, Australia.
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ASBs focus on providing excellent service to its customers has assisted the Bank to deliver a solid after tax operating profit of $238m for the six months ended 31 December 2008.
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In the close to 2008, 18% of investors opted for the surety and safety of term deposits as providing the best return of all investment types.
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Surprisingly, New Zealand’s most affluent place is not one of our major cities.
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The current economic climate is impacting New Zealand businesses with 82% of close to 500 businesses surveyed in the first ASB Succession Planning Monitor delaying plans to sell their businesses.
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PALMERSTON NORTH — ASB’s success continues to go from strength to strength with the Bank now opening its second Palmerston North branch on Broadway Ave, Terrace End on Monday 24 November.
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SOUTHLAND — Southlandromped home as the most affordable place to live in the country according to the latest TopSpots report released today.
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The roller coaster ride felt in global markets has tested world economies, businesses, households and their practices.
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For the first time in the eight year life of the ASB Investor Confidence survey, term deposits are now viewed by investors as providing a better return than any other investment class.
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ASB Bank Limited advises its intention to immediately opt into the New Zealand Deposit Guarantee Scheme announced by the Minister of Finance last night.
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If you want advice on how to live long and without stress, then ask Rodney residents.
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More than 150,000 people, around 20% of the KiwiSaver customer base, are saving for their retirement through either the ASB KiwiSaver or the FirstChoice KiwiSaver scheme.
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More than 150,000 people, around 20% of the KiwiSaver customer base, are saving for their retirement through either the ASB KiwiSaver or the FirstChoice KiwiSaver scheme.
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Thursday, 11 September 2008ASB has dropped its floating home lending interest rate by 0.50%, the same cut made by the Governor of the Reserve Bank to the OCR.
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