ASB has appointed 46-year old British international banker, Charles Pink, to be the new Managing Director of ASB Group and Chief Executive of ASB Bank from 1 January 2009, replacing the country's longest serving senior banker, Hugh Burrett.
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Price expectations in the New Zealand housing market have continued their downward slide, according to the latest ASB Housing Confidence Survey.
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The underlying strength of the corporate, business and rural markets cushioned ASB Bank against the rapid decline in residential housing activity during recent months and assisted the Bank to deliver an 11 percent increase in audited after tax operating profit for the 12 months ending 30 June 2008 of $532 million*.
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New Zealanders feel the pinch as financial pressures continue to mount.
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In the wake of the Reserve Bank of New Zealand’s decision to lower the Official Cash Rate to 8%, ASB has announced they would drop its two year fixed home lending rate by 0.25% to 8.95%.
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The glory run that has seen confidence in the residential rental market soar over recent years has come to an end, according to the latest ASB Investor Confidence Survey.
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Monday, 07 July 2008ASB is launching a new savings product, offering customers the opportunity to pay less tax on their investment income.Â
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Investor confidence took a turn for the worse during the March 2008 quarter, according to the latest ASB Investor Confidence Survey.
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TAURANGA — Central North Island is a great place to be, according to the bank that is One Step Ahead.
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KiwiSavers who want to invest long term with companies committed to sustainable activities and practices can now do so through a fund being made available in New Zealand by ASB Group Investments Limited ( ASB ).
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