Game of two halves for ASB Bank
Slowing mortgage lending stems margin pressure.
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NBR Focus: GMO
ASB Bank’s efforts in the mortgage market eased to a whimper after starting the financial year with a hiss and a roar but the bank’s profitability improved considerably.
Indeed, the bank cracked the $1 billion mark, lifting statutory net profit 17% in the year ended June.
Margin pressure
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Jenny Ruth
Thu, 10 Aug 2017
Thu, 10 Aug 2017
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Game of two halves for ASB Bank
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