‘No signs of stress’: ASB reports $1.47b profit
The bank is seeing no signs of material pressure among customers, CEO says.
ASB CEO Vittoria Shortt speaks with Maria Slade.
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Growth in mortgage lending helped drive an 11% increase in profit for ASB in 2022, despite the slowing housing market.
ASB today reported statutory net profit of $1.47 billion in the 12 months to June, up from $1.32b the prior year.
Home lending grew 6% in the period, albeit this was less than the
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