ASB thanks the solid economy for 10% profit lift
Commonwealth Bank of Australia's results weighed down by regulatory costs and penalties.
Jenny Ruth
Wed, 08 Aug 2018
ASB Bank says annual net profit rose 10% to nearly $1.2 billion, underpinned by New Zealand’s strong economy.
The bank’s net interest earnings grew at a strong 10.2% while it contained growth in costs to 5.4% in the 12 months ended June.
“It’s clear that New Zealand’s sound economic
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Jenny Ruth
Wed, 08 Aug 2018
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