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.
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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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