ASB lifts net interest margin for the first year since 2015
ASB accounts for the breaking of fixed-rate mortgages differently from other banks.
Jenny Ruth
Thu, 09 Aug 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
ASB Bank recorded its first significant expansion in net interest margin in the six months ended June after contracting since June 2015.
That and strong growth in net interest income while keeping costs contained explains the bank’s 10% increase in net profit to almost $1.2 billion for the
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Jenny Ruth
Thu, 09 Aug 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
