Slowing economy drags on ASB’s second half
The cost of living, rising interest rates, and householders' concerns about falling property prices are starting to bite, CEO says.
ASB Bank CEO Vittoria Shortt speaks with Maria Slade.
ASB has reported a 9% lift in annual profit to $1.55 billion for 2023, but it was a year of two halves with the second six months affected by the slowing economy.
The bank’s total operating income was up 12% to $3.4b, bolstered by a 17% rise in net interest income to $3.05b.
However, performance
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