ASB maintains consistent profit; costs rise 21%
CEO Vittoria Shortt champions higher lending growth across small business, commercial, and the rural sector in New Zealand.
ASB chief executive Vittoria Shortt.
ASB Bank has held its profit steady as the New Zealand economy turns a corner in a lower interest rate environment.
The Australian-owned bank today reported its net profit was $765 million in the six months ended December, up from $763m in the previous year.
Total operating income was up 8% to $1.84
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