Media Centre

ASB lowers variable rates for personal, business and rural customers

09 Apr 2025

ASB is dropping variable interest rates across home lending, business and rural lending by 0.25%, following today's decision by the Reserve Bank of New Zealand to reduce the Official Cash Rate (OCR).

ASB's Quarterly Economic Forecast: Road to recovery: New Zealand's economy finds its footing

31 Mar 2025

Lower interest rates, strengthening primary exports and higher consumer spending are signalling a steady but gradual economic recovery over 2025, according to the latest ASB Quarterly Economic Forecast.

ASB further boosts rural commitment with new Head of Food & Fibre

21 Mar 2025

ASB launches Caller Check to combat scammers

17 Mar 2025

ASB has launched Caller Check, its latest innovation in its fight against scammers to help protect customers from impersonation scams.

Otago retains top spot in ASB's latest Regional Economic Scoreboard

14 Mar 2025

• Otago top of the leaderboard for second quarter running
• The South Island secures top four places through an uptick in tourism, strong rise in construction and increased consumer confidence
• Economic recovery expected to be gradual, rather than swift, across 2025

ASB Housing Confidence Survey: Optimism persists, but momentum slows

26 Feb 2025

• Number of New Zealanders expecting house prices to increase continues to rise - a net 33 percent compared to 24 percent in the previous quarter, with Aucklanders most confident. 
• Slight drop in proportion of Kiwi expecting interest rates to fall, from net 57 to net 51 percent, reflecting some concerns.
• Nationwide, a net 23 percent of respondents think it's a good time to buy a house, although confidence wavers in Auckland. 

ASB lowers variable rates for personal, business and rural customers

19 Feb 2025

ASB is dropping variable interest rates across personal, business and rural lending by 0.50%, passing on today's Official Cash Rate (OCR) cut in full. 

ASB half year result: Profit up 1% as economy moves toward recovery

12 Feb 2025

ASB has reported a cash net profit after tax (NPAT) of $716 million for the six months to 31 December 2024, an increase of 1% on the prior comparative period, as the economy moves towards recovery.  Statutory NPAT is $763 million, a 2% increase on the prior comparative period.

ASB kicks off the new year with market-leading mortgage rates

17 Jan 2025

ASB has today announced changes to some of its most popular fixed home lending rates, including the 6-month and 1-year terms. ASB's 1-year term drops 20 basis points from 5.79% to a market- leading rate of 5.59%, while its 18-month term also drops 20 basis points to 5.39%. 

May New Zealand’s 2025 be merry and bright

13 Dec 2024

ASB is looking ahead to 2025 with its Economics team considering what factors are likely to have the biggest impact on New Zealand’s economy.  While much of the uncertainty seen throughout 2024 will likely remain, there is more reason to be optimistic for the new year.

South Island trifecta leads ASB's latest Regional Economic Scoreboard

10 Dec 2024

• South Island leads top three, with Otago, Canterbury and Southland in first, second and third place
• Big drops are seen in Northland, down from 5th to 8th, and Waikato, down from 4th to 9th and Auckland, falling from 9th to 14th
• Despite ongoing economic challenges, the outlook for 2025 is more optimistic

ASB lowers rates following OCR decrease

27 Nov 2024

ASB is dropping interest rates across personal, business and rural lending by 0.50% following today's decision by the RBNZ to lower the Official Cash Rate (OCR).

Confidence in the housing market on the rise

26 Nov 2024

• More New Zealanders expect house prices to increase - a net 24 percent of respondents anticipate gains compared to 13 percent in the previous quarter.
• A net 57 percent of respondents expect lower interest rates, the highest rate recorded since the survey began in 1996.
• A net 20 percent of respondents believe it's now a good time to buy, a significant jump from 8 percent last quarter.

ASB appoints new Climate Transition lead

25 Nov 2024

ASB is further investing in its commitment to a sustainable future with the appointment of Sam Friggens to the newly established role of General Manager Climate Transition.

ASB partners with CMC Markets to enhance share trading platform

04 Nov 2024

ASB has partnered with CMC Markets Stockbroking, a world-leading online trading provider, to deliver a new, enhanced share trading platform.

ASB lowers rates following OCR decrease

09 Oct 2024

ASB is dropping interest rates across personal, business and rural lending following today's decision by the RBNZ to decrease the Official Cash Rate (OCR) by 0.50%. The move comes hours after ASB lowered its fixed mortgage rates across several popular terms.

ASB offers relief to Dunedin customers affected by severe weather

04 Oct 2024

ASB will support customers affected by extreme weather events impacting Dunedin, with tailored packages including suspension of home loan repayments and emergency overdraft facilities available for personal, business and rural customers.

Gisborne the country's top performer in ASB's latest Regional Economic Scoreboard

24 Sep 2024

• Gisborne claims first place on the leaderboard for first time in more than four years 
• Biggest drops seen in Southland, down from first spot to ninth, and Marlborough, falling from fourth place to second-to-last
• Despite signs of optimism in housing market and export growth in some regions, economic outlook to remain sluggish until 2025

ASB Housing Confidence survey: Kiwi expect house prices to stay down, despite falling interest rates

04 Sep 2024

• House price expectations fall dramatically, with only net 13% of respondents believing house prices will increase – down more than 30% compared with last quarter  
• A net 20% of respondents now expect lower interest rates, the highest share since October 2020
• Only a net 8% think now is a good time to buy 

ASB's Quarterly Economic update: The light at the end of the tunnel is starting to shine, say ASB economists

19 Aug 2024

• Falling inflation, and Reserve Bank's decision to cut OCR, means economic pressure expected to soon ease off.
• GDP expected to remain flat-to-down over rest of 2024, while global growth outlook remains below average.
• Household spending remains under pressure; NZ dollar likely to strengthen against US dollar.

ASB full year results: Profit down 10%

14 Aug 2024

ASB today reported a cash net profit after tax (NPAT) of $1,364 million for the 12 months to 30 June 2024, a decrease of $149 million or 10% on the prior year. Statutory NPAT was $1,455m, a decrease of 7% on the prior year.

ASB drops all home lending rates following OCR decrease

14 Aug 2024

ASB is dropping all interest rates across fixed and floating lending in response to the RBNZ's decision to decrease the Official Cash Rate (OCR) by 0.25%, and downward movements in the wholesale money market.

ASB Household Sector Outlook: interest rate relief this year looks possible

04 Jul 2024

• Current economic difficulties being experienced by NZ households are largely a hangover from factors that inflated spending and the housing market during the COVID-19 era boom.
• The remainder of 2024 looks to be challenging as employment prospects weaken but brighter signs are on the horizon for 2025.
• Weaker inflation could lead to interest rate relief and OCR cuts may come as soon as 2024.

Southland takes top spot in ASB's latest Economic Regional Scoreboard

03 Jul 2024

• South Island has strongest performers, with Southland and Otago in first and second place
• Auckland drops to fifth spot, having led the scoreboard for two previous quarters
• Economic challenges persist across the country, with a cooling labour market, falling migration and tourist numbers

ASB offers relief to customers affected by severe weather

27 Jun 2024

ASB will support customers affected by extreme weather impacting the East Coast with tailored packages including suspension of home loan repayments and emergency overdraft facilities available for personal, business and rural customers.

ASB to teach fraud and scam awareness in schools

26 Jun 2024

ASB is teaching the next generation of New Zealanders how to spot fraud and scams with its new ScamWise workshop in schools.

ASB to propel rising Māori business stars

26 Jun 2024

To coincide with Matariki, ASB has launched Te Mātahi, a new business lending programme aimed at supporting entrepreneurship and growing the Māori economy. By providing access to capital, the programme will help established Māori businesses to upscale alongside additional support.

ASB: Interest rate sentiment has turned but housing market uncertainty remains

29 May 2024

• Interest rate expectations have shifted with more people now expecting rates to fall.
• Net 44 per cent of respondents think house prices will increase, however this fell slightly from net 51 per cent in the previous three months.
• The country remains divided on whether it is a good time to buy or not with just net 2 per cent saying it is a good time – unchanged from the last quarter.

ASB becomes first NZ bank to partner with Hidden Disabilities Sunflower to help all customers feel seen

16 May 2024

ASB is the first bank in New Zealand to join the Hidden Disabilities Sunflower programme, a not-for-profit initiative that enables customers with a non-visible disability to use a Sunflower Lanyard or pin as a discreet cue, to signal they might need extra support. Almost a quarter of New Zealanders live with some kind of disability and one in 10 are carers.

Productivity reset needed to help push inflation down, says ASB

16 May 2024

New Zealand’s low productivity performance is likely to be a factor behind New Zealand’s sustained high inflation according to ASB. Low productivity is a key reason we are less well off than many OECD peers, with New Zealanders having lower incomes, working harder and retiring later.

$1 trillion bill for New Zealand infrastructure in the pipeline

08 May 2024

New Zealand is facing up to a $1 trillion bill over the next 30 years to bring the country’s infrastructure up to scratch and to future-proof it to meet challenges, including climate change.

Persevere through a flat 2024, says ASB

27 Mar 2024

• Inflation on track to fall below 3%
• Consumer and government spending contracting
• Business confidence and housing market sluggish 

ASB Sustainable Economics report calls for Kiwis to change the way they use energy

25 Mar 2024

ASB's Regional Economic Scoreboard shows Auckland coping best, amid economic slowdown

20 Mar 2024

• Auckland has led the Scoreboard for the second consecutive quarter.
• This quarter's Scoreboard 'winners' are those coping better than others rather than producing significantly positive results.
• Falling retail trade volumes and construction challenges continue across the country.

ASB Rural Quarterly report: Dairy rebounds, forestry looking up as meat prices lag, but overall a more positive outlook for the sector

15 Mar 2024

• Central banks keeping interest rates high, markets hopeful the global economy will avoid a sustained recession
• Decent rebound for dairy prices, with global prices up about 20% since their lowest point
• Forestry prices turning slowly, expected to bolster construction activity and domestic demand
• Meat prices down due to flagging demand from cost-of-living pressures
• Lamb prices hit hard by increase in Aussie supply to global markets

ASB Housing Confidence survey: Price expectations highest in two and a half years

07 Mar 2024

• House price expectations on the up, but annual price growth remains at a muted 2.2%
• Higher interest rates continue to counterweight upward momentum
• Aucklanders most confident the tide has turned on house pricing
• New Zealanders largely agree the downturn is done and dusted, but are on the fence as to whether now is a good time to buy

ASB research: Business, not government, should lead the charge in improving productivity

26 Feb 2024

• Low investment in capital, knowledge and research and development has left New Zealanders working longer and producing less than overseas counterparts.
• High-performing small advanced economies benefit from exposure to international competition and domestic innovation ecosystems which support businesses to innovate and grow. 
• Investing in innovation now will unlock benefits and choice for New Zealand and add tens of billions per year to the economy, raising real GDP to $500 billion by 2045.
• Role for government and the finance sector is to ensure there are minimal barriers to businesses wanting to innovate.
• To support business growth, ASB announces $500 million in lending for productivity with grants to encourage business investment. 

ASB half-year profit down 12%: focus on customer support continues, including tackling financial crime

14 Feb 2024

ASB today reported a cash net profit after tax (NPAT) of $707 million for the six months to 31 December 2023, a decrease of $96 million or 12% on the prior year. This reflects a lower net interest margin (NIM), down 26bps on the prior year. Statutory NPAT is $749 million for the six months to 31 December 2023, a decrease of $91 million or 11% on the prior period.

ASB partners with Rewiring Aotearoa to identify opportunities to transition Kiwi homes to low-cost, low-emissions electricity

13 Feb 2024

ASB has signed a letter of intent with Rewiring Aotearoa, New Zealand energy transition charity.

ASB's Māori land lending helps whānau return to their whenua

19 Dec 2023

One important way ASB is supporting Te Ōhanga Māori (the Māori economy) is with lending solutions enabling whānau to build homes and return to living on ancestral land.

ASB announces new fund backing New Zealand's clean tech industry

14 Dec 2023

ASB is accelerating New Zealand's clean tech sector with a new fund that makes it easier for early-stage companies to access capital.

ASB launches new Aggressive Investment Funds

22 Nov 2023

ASB has today launched two new Aggressive Funds that aim to provide customers with the highest investment returns over the long term of all its funds, with the largest movements in value up and down. The funds have been launched in response to strong customer demand for more aggressive investment options.

Youthline moves to 24/7 counselling service, with support from ASB

04 Nov 2023

For the first time in its 53-year history, Youthline's phone and text message Helpline is now available to young people 24 hours a day, seven days a week, thanks to support from ASB – and it's already saving lives.

ASB champions affordable and social housing with innovative Accelerated Housing Fund

03 Nov 2023

ASB will support the delivery of up to 1,000 new homes over the next two years, funded through its new Accelerated Housing Fund for affordable and social housing.

3 Steps for Life: ASB and Hato Hone St John Join Forces to Teach Lifesaving Skills to Kiwi this ‘Shocktober’

16 Oct 2023

ASB and Hato Hone St John are joining forces this October to support ‘Shocktober’, a lifesaving skills training campaign that aims to equip local communities across Aotearoa with essential knowledge in cardiopulmonary resuscitation (CPR) and the use of an automated external defibrillator (AED).

ASB increases term deposit rates to 15-year highs

12 Oct 2023

ASB has increased several of its term deposit rates today, with some terms now at rates not offered by major New Zealand banks since 2008. It's the twelfth time the bank has increased term deposit rates this calendar year.

ASB ACCESS: boosting the food and fibre sector with a new programme for high-potential exporters

03 Oct 2023

ASB has today launched ASB ACCESS, a new programme to accelerate the export growth of established high-potential food and fibre businesses, through access to debt capital alongside advice, connections and expertise.

ASB rural report: Rural resilience set to be tested; weaker China outlook carries risk for some sectors including dairy, lamb and forestry

02 Oct 2023

• Set to be another challenging 12-18 months for many farmers
• Commodity prices down another 6 percent over the past quarter
• Weaker outlook for the Chinese economy creating risk for some Kiwi rural sectors, particularly dairy, lamb and forestry
• 12-month NZD lows may offset some impact of lower commodity prices on farmgate returns

ASB's new Te Reo financial literacy programme sets tamariki up for financial success

27 Sep 2023

More than 160 children have taken part ASB's successful Tikitiki o Pūtea pilot programme, a financial literacy programme delivered exclusively in Te Reo Māori and developed with Te Ao Māori principles in mind.

ASB Canstar's Bank of the Year for Digital Banking for the second year running

26 Sep 2023

ASB Securities awarded Canstar Most Satisfied Customers for Online Share Trading

08 Sep 2023

ASB Securities, ASB’s online share trading platform, has taken out Canstar’s 2023 Most Satisfied Customers award for online share trading.

ASB Trade Disruptions Report: Wine, horticulture and a focus on climate action the bright points in a gloomy outlook for global and export growth

25 Aug 2023

• Global economic growth forecast to halve from 6% in 2021 to 3% this year.
• Weak demand for New Zealand exports, with the exception of wine.
• Geopolitical challenges remain a key issue - with climate the new trade 'battleground'.

ASB predicts economic flatlining ahead of 2024 rebound

23 Aug 2023

• The New Zealand economy is expected to be flat until early 2024
• RBNZ predicted to hold the OCR until the second half of 2024 before making cuts
• Net immigration is up and providing a boost to the labour market
• Inflation expected to remain above 5% for the rest of 2023

ASB full year results: Challenging operating environment sees profit decline 11% in second half

09 Aug 2023

ASB introduces Support Finder tool for all New Zealanders

06 Jul 2023

ASB has expanded its Support Finder tool to make it accessible to all New Zealanders, whether they are existing customers or not.

Changes to ASB Executive Leadership Team

05 Jul 2023

After eleven and a half years as Chief Financial Officer (CFO), Jon Raby has decided to leave the bank on 11 August 2023 following the publication of ASB's financial statements.

ASB welcomes market study announcement

20 Jun 2023

ASB Housing Confidence survey: Sentiment inches up, but Kiwi still on the fence on housing market

13 Jun 2023

• More New Zealanders think we're nearing the bottom of the housing market, with just a third (net 34 %) expecting house prices to fall further, down from net 43% last quarter
• A growing number of Kiwi expect home loan rates are nearing their peak, but more than half (net 59%) still anticipate further interest rate rises
• Aucklanders are the most confident, with net 6% agreeing it's a good time to buy property

ASB's ESG work recognised at INFINZ awards

29 May 2023

ASB's leadership in the Environmental, Social and Governance (ESG) space has been recognised at the 2023 Institute of Finance Professionals New Zealand (INFINZ) awards. ASB was named winner of the Corporate ESG Award.

ASB adjusts rates following OCR increase

24 May 2023

ASB is making interest rate adjustments following today’s decision by the Reserve Bank of New Zealand to increase the Official Cash Rate (OCR) by 0.25%.

Sound of science: BENEE and Youthline launch song to help young New Zealanders calm anxious thoughts

24 May 2023

• Anxiety in young people is rising, impacting almost one in five young New Zealanders.
• Youthline's Principal Partner ASB teams BENEE with neuroscientists to create Bagels, a science-based song to help young people find calm.
• Stream Bagels by BENEE on Spotify or watch the music video here.

ASB offers discounted lending to support businesses’ social and environmental sustainability efforts

23 May 2023

ASB is helping businesses on their sustainability journey with its new Business Sustainability Loan, aimed at supporting positive social and environmental change. 

ASB and Trevelyan's partner on new sustainability linked loan

17 May 2023

New Zealand's largest family owned and single-site kiwifruit and avocado post-harvest service provider, Trevelyan's, is taking steps to grow a better future, signing a sustainability linked loan (SLL) with sustainability coordinator ASB.

ASB appoints new Business Banking lead

09 May 2023

ASB has appointed the Chief Executive of Australian based Humm Group, Rebecca James, as its new Executive General Manager of Business Banking. 

ASB predicts deeper 2023 recession and tough year ahead in latest outlook

02 May 2023

• Overall GDP fall of around 2% expected by early 2024.
• RBNZ expected to increase the OCR by another 25bp before holding until the first half of 2024. 
• Consumer spending is shifting from durables and furniture to experiences.
• International tourism is already back up to two thirds of previous levels, but could be hampered by worker shortages. 

ASB launches the True Rewards Koha Store, a new way for customers to support its charity partners

01 May 2023

ASB has opened its True Rewards Koha Store, a digital store enabling customers to use their True Rewards dollars, earned by making purchases with ASB Visa Rewards credit cards, to purchase tangible items for the bank’s charity partners.

ASB research finds one in five New Zealanders keep financial secrets in relationships

06 Apr 2023

As rising costs put more financial strain on relationships, new ASB research has found many couples avoid crucial money conversations, with one in five Kiwi's keeping financial secrets from their partner.

ASB signs up to UN Principles for Responsible Banking

21 Mar 2023

ASB has officially become a signatory of the UN Principles for Responsible Banking - a single framework for a sustainable banking industry developed through a partnership between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).

New ways to give to New Zealand Red Cross as ASB activates True Rewards spending power for Cyclone Gabrielle relief

23 Feb 2023

ASB customers can show their support for cyclone hit regions without spending a cent, with ASB True Rewards dollars now able to be donated to the New Zealand Red Cross New Zealand Disaster Fund.

ASB pledges $400 million in low-cost funding to support cyclone impacted rural and corporate sectors

21 Feb 2023

ASB has today announced new disaster relief for corporate, business and rural customers, committing $400 million in low-cost lending to support businesses heavily impacted by Cyclone Gabrielle.

ASB to give $2 million to Red Cross New Zealand Disaster Fund

19 Feb 2023

ASB has today announced a $2 million donation to the New Zealand Red Cross New Zealand Disaster Fund, further boosting its support for communities and customers devasted by Cyclone Gabrielle.

ASB half year results: Supporting New Zealanders to navigate cost-of-living impacts

15 Feb 2023

ASB today reported a cash net profit after tax (NPAT) of $822 million for the six months to 31 December 2022, an increase of $80 million or 11% on the prior comparative period. The result was driven by 4% growth in total lending, with home and business lending up 5% and 6% respectively when compared with the first half of FY22 (December 2021). Total regulatory capital held by ASB increased in the 12 months to December 2022 by $1.9 billion to $10.8 billion.

ASB extending financial relief and $2,000 one-off payment to customers affected by Cyclone Gabrielle

14 Feb 2023

ASB is extending its support to customers hardest hit by the extreme weather causing damage across many regions of New Zealand.

ASB personal and business customers hardest hit by recent weather offered $2,000 one-off payment

03 Feb 2023

ASB is offering customers whose homes have been red or yellow stickered following the recent extreme weather events in the upper North Island a one-off $2,000 ex gratia payment per household to help with unforeseen costs.

ASB offers relief to customers affected by severe weather

28 Jan 2023

ASB will support customers affected by extreme weather events impacting Auckland with tailored packages including suspension of home loan repayments and emergency overdraft facilities available for personal, business and rural customers.

ASB scrapping millions in business and personal account fees

27 Jan 2023

ASB will charge $0 monthly fees on everyday business and personal accounts, removing more than $14 million in account fees over the coming year, one of several initiatives to support customers as the cost of living continues to rise.

ASB announces market-leading term deposit rates in response to strong customer appetite

26 Jan 2023

ASB is adjusting interest rates following the Reserve Bank of New Zealand’s announcement that it is increasing the Official Cash Rate (OCR) by 0.75%.

ASB offers relief to customers impacted by Cyclone Hale

12 Jan 2023

ASB is supporting customers and businesses affected by the extreme weather that's battered Coromandel Peninsula and the East Coast, offering tailored packages including suspension of home loan repayments and emergency overdraft facilities for personal, business and rural customers.

No Christmas miracle for the New Zealand economy: ASB predicts 2023 recession and rising unemployment in latest outlook

21 Dec 2022

• New Zealanders urged to prepare for sustained period of economic slowdown.
• OCR expected to peak at 5.5% by mid-2023 as RBNZ grapples with stubborn inflation.
• Consumer spending to fall as household budgets squeezed further. 
• International tourism rebuild starting, but could be hampered by worker shortage. 

ASB research shows Kiwi are not confident in their retirement plans as it unveils new digital KiwiSaver advice tool

08 Dec 2022

64% of Kiwi believe they need to be saving more for retirement and only around a quarter (27%) have a clear idea how much money they’ll need when they retire, according to new research commissioned by ASB.

ASB adjusts rates following OCR increase

05 Dec 2022

ASB is adjusting interest rates following the Reserve Bank of New Zealand’s announcement that it is increasing the Official Cash Rate (OCR) by 0.75%.

ASB reveals one in five customers are paying for subscriptions they don’t use, and unveils new card tracker feature

22 Nov 2022

As the cost of living continues to bite, ASB customer research shows one in five subscription holders are paying for services they don’t use and close to a third spend more than $100 on rolling subscription costs each month.

ASB’s new low interest home loan top up could be the key to a new EV or more energy efficient home

07 Nov 2022

ASB has long been a passionate supporter of tennis in New Zealand. This year the bank celebrated its 25th year sponsoring the ASB Classic tournament in Auckland by announcing it has again signed as the naming rights sponsor for a further three years.

ASB announces Youthline as the official charity of the 2023 ASB Classic

18 Oct 2022

ASB has announced youth mental health charity Youthline will be the official charity partner of the 2023 ASB Classic.

ASB adjusts rates following OCR increase

12 Oct 2022

ASB is making interest rate adjustments following the Reserve Bank of New Zealand's announcement that it is increasing the Official Cash Rate (OCR) by 0.50%.

Joint statement from ASB, Tennis Auckland & Tennis New Zealand re ongoing support for ASB Classic tournament

12 Oct 2022

ASB has long been a passionate supporter of tennis in New Zealand. This year the bank celebrated its 25th year sponsoring the ASB Classic tournament in Auckland by announcing it has signed as the naming rights sponsor for a further three years.

ASB celebrates Mount Albert Grammar centenary with gift of inner-Auckland farm

03 Oct 2022

As Mount Albert Grammar School’s (MAGS) 100th birthday celebrations come to a close, ASB is helping secure the future of a unique inner city learning opportunity by gifting farmland valued at around $150 million to support ongoing farming education at the school in perpetuity.

Official Rugby World Cup sponsor ASB to share the love with thousands of fans

27 Sep 2022

Christmas is set to come early for thousands of rugby fans in Auckland and Northland, with ASB surprising families across both regions with all-inclusive passes to attend the upcoming women’s Rugby World Cup.

ASB Classic tennis tournament serves up tens of millions of dollars in economic benefit

13 Sep 2022

The ASB Classic tennis tournament is returning to Auckland in January 2023 after a two-year break and new research shows it can be expected to bring a boost in consumer spending to the region of as much as $27 million.

ASB announced as official sponsor of Rugby World Cup 2021

08 Sep 2022

ASB has today announced it will become the Official Sponsor of Rugby World Cup 2021 - using the tournament to help inspire future generations.

ASB adjusts savings deposit rates and home lending rates following OCR increase

22 Aug 2022

ASB is making interest rate adjustments following the Reserve Bank of New Zealand's announcement that it is increasing the Official Cash Rate (OCR) by 0.50%.

ASB offers relief to customers affected by severe weather

18 Aug 2022

ASB will support customers affected by extreme weather events impacting Nelson, Tasman and the West Coast region, offering tailored packages including suspension of home loan repayments and emergency overdraft facilities for personal, business and rural customers.  

ASB research finds young Kiwis 19 per cent more likely to live paycheck-to-paycheck

16 Aug 2022

ASB’s latest Financial Wellbeing research has found many young New Zealanders aged 18 -24 are struggling to balance day-to-day living costs and want support to build good money habits.

ASB full year results: building resilience today and for our future

10 Aug 2022

In its 175th year, ASB has reported a cash net profit after tax of $1,418 million for the 12 months to 30 June 2022, an increase of $122 million or 9% on the prior year.

ASB’s latest Trade Disruption report: Low export demand and high import prices look set to continue

02 Aug 2022

• Global trade outlook weakens as inflation, labour shortages and the Ukraine conflict compound COVID woes
• Import prices continue to rise, up 15% on pre-COVID levels, with further increases to come
• Export volumes not expected to return to 2020 peak until 2024

ASB lifts savings deposit rates and home lending rates following OCR increase

14 Jul 2022

ASB is making interest rate adjustments following the Reserve Bank of New Zealand’s announcement that it is increasing the Official Cash Rate (OCR) by 0.50%.

ASB opens flagship advice centre in North-West Auckland

06 Jul 2022

ASB has recently welcomed the first customers to its new look advice centre in Auckland’s NorthWest retail precinct. As well as expanding the footprint of the centre, better reflecting the needs of the growing community, locals are getting a first full look at the bank’s future branch experience.

ASB’s Quarterly Economic Forecast: COVID splutters; Inflation heats up; Labour shortages flare

31 May 2022

• Omicron’s economic impact has been far milder than the 2020 and 2021 COVID outbreaks
• Labour markets are exceptionally tight, with labour shortages the most elevated since the 1970s
• Borrowers are currently bearing the brunt of combatting inflation, but rate cuts to a more neutral level will happen – potentially from 2024
• Further lifts in businesses’ capital spending are likely, but this and other productivity-boosting measures will take time to have an impact

Hundreds of millions in government KiwiSaver contributions still up for grabs

30 May 2022

With a month remaining until the 30 June deadline for New Zealanders to be eligible for an annual government KiwiSaver contribution, ASB says potentially hundreds of thousands of people could miss out on receiving the full benefit.

ASB rolls out more Community Bankers as cost-of-living concerns rise

18 May 2022

This month, ASB will roll out Community Bankers across New Zealand, providing targeted coaching and seminars to help customers with their personal finance needs. Community Bankers will work with customers in areas they’d like additional support such as boosting their financial wellbeing to banking online, either one-on-one or in small groups depending on their needs. 

ASB and Youthline announce partnership to boost youth mental wellbeing

06 May 2022

• ASB to become Youthline's principal partner 
• Three-year partnership will help connect more New Zealanders aged 12-19 with mental wellbeing support

ASB research insights helping the two in five Kiwis experiencing frequent payment problems

12 Apr 2022

With concerns about the cost of living superseding COVID-19 as the issue Kiwis are most concerned about, ASB's most recent financial wellbeing research has found close to 40% of New Zealanders already experience frequent payment problems; while nearly half of customers spent more than they earned in February 2022.

New ASB Director and 'Future Director' appointments

11 Apr 2022

ASB is pleased to announce that Victoria (Vic) Crone will join the Board of ASB Bank Limited with effect from 12 April 2022. ASB will also host Merewaakana (Mere) Kingi as an observer on the Board under the Institute of Directors' Future Director programme.

Unemployment hits a record low while retail spending bounces back from lockdown in the ASB Regional Economic Scoreboard

11 Apr 2022

• Annual wage growth reaches ten-year high this quarter.
• Retail sales have mostly recovered from the sharp Q3 fall.
• Canterbury retains its top spot on the scoreboard after top three positions in the past three quarters.
• Manawatū-Whanganui is the only region to equal or outperform national averages across all variables, retaining second place. 
• Taranaki is this quarter's biggest mover - driven by non-residential construction.

Hold the course during market volatility says ASB

07 Apr 2022

Volatile markets are continuing to cause concern for KiwiSaver members, but the majority of investors are sticking with their strategies and some are making the most of the lower market by making voluntary contributions. Many are also continuing to contribute if they are still working over 65 years old.

Falling for scams doesn't make you a fool - ASB data shows Kiwis being defrauded at record levels since COVID-19 began

01 Apr 2022

Data released by ASB this April Fool's Day shows a dark side-effect of COVID-19, with a significant increase in Kiwis falling victim to scams since the pandemic began in March 2020. 

ASB's Blair Wiggins recognised with top legal award

30 Mar 2022

Regulatory work and advising on strategic acquisitions and divestments over the past 12 months has earned ASB’s Blair Wiggins an in-house lawyer of the year award from industry group NZ Lawyer.

Customers benefit from fresh ASB Financial Wellbeing innovation

28 Mar 2022

ASB’s new online and in-app Financial Wellbeing Hub have been designed to help give more New Zealanders the tools and insights they need to enhance their financial wellbeing.

More than 4,300 new homes under construction as ASB concludes Back My Build initiative

18 Mar 2022

ASB is celebrating helping 8,800 Kiwis achieve their new home dream as it calls time on its popular Back My Build home loan which made headlines when it launched last year with an historically low floating interest rate of 1.79%.

ASB/NZIER research finds working from home has many benefits, but is more challenging for women

08 Mar 2022

• More than 60% of people surveyed said working from home during lockdowns was a positive experience, but there are pros and cons to working remotely that need to be well understood and managed.
• When it comes to juggling home working with care responsibilities, women are more likely to do all or most of the housework and childcare.
• Women were less likely than men to report having the ideal equipment and space to work from home.
• Men in management roles are more likely than women to prefer their employees to be in the office.

ASB lifts home loan rates and savings deposit rates following OCR increase

25 Feb 2022

ASB is making interest rate adjustments following the Reserve Bank of New Zealand’s announcement that it is increasing the Official Cash Rate (OCR) by 0.25%.

Consumer squeeze set to slow spending growth as businesses pick up the slack

23 Feb 2022

• Omicron is expected to cause significantly less economic disruption than previous COVID strains.
• Inflation is likely to near 6.5% (a more than thirty-year high) by the middle of this year and remain above 3% until 2024.
• ASB expects the OCR to reach 2.75% by early 2023 which will have an impact on other interest rates.
• House prices are now expected to dip by about 6% this year - for the first time in more than ten years.

ASB survey finds men are bigger Valentine's Day spenders

14 Feb 2022

With the most romantic day of the year just around the corner, an ASB survey has revealed men and women have markedly different Valentine's Day spending expectations.

ASB reports 8% increase in lending and remains focused on supporting customers’ financial resilience

09 Feb 2022

ASB has reported a cash net profit after tax (NPAT)  of $742 million for the 6 months to 31 December 2021, a 22% increase on the prior comparative period. The result was driven by an 8% growth in total lending, with home and business lending up 8% and 10% respectively when compared with the first half of FY21.

As Kiwis brace for Omicron, ASB reveals personal financial wellbeing is strongest in Tasman, Nelson

25 Jan 2022

As New Zealand braces for Omicron following confirmation of the variant in Auckland, Tasman and Nelson, the latest financial wellbeing research from ASB suggests people in these regions may be better placed financially to manage the impacts of an Omicron surge. 

ASB's inaugural Trade Disruptions Report predicts exports to grow in 2022 but global supply chains will get worse before they get better

09 Dec 2021

• Export volume growth expected to be constrained in year ahead, but surging commodity prices will drive growth in value.
• Merchandise export values grew 3% to $62 billion in 12 months to October 2021. 
• Dairy, kiwifruit and forestry are the most resilient commodity sectors. Seafood, wine and some horticulture produce are most exposed. 

ASB backs home buyers with market leading 2-year fixed home lending rate

07 Dec 2021

ASB has dropped its two-year fixed home loan rate by 0.2% to a market-leading 4.15%. Craig Sims, executive general manager retail banking, said the change gives home buyers options in a rising rate environment.

ASB urges customers to unleash more than $60 million of True Rewards spending power to help Kiwi businesses this summer

29 Nov 2021

ASB is encouraging customers to dust off their True Rewards loyalty cards and get shopping as a practical way of supporting COVID impacted businesses.

New Zealand economy set for a slower lockdown rebound according to the latest ASB Quarterly Economic Forecast

26 Nov 2021

• New Zealand is expected to begin opening its borders in the first half of 2022 but will face ongoing domestic headwinds in its economic recovery.
• Inflation is likely to near 6% (a thirty year high) by the end of this year and remain above 3% into 2023.
• ASB expects the OCR to reach 2% which will have an impact on other interest rates.
• Annual house price growth is sitting around 30% but predicted to slow to 22% this year and 2.5% by the end of 2022.

ASB increases savings deposit rates; moves home loan rates following OCR increase

24 Nov 2021

ASB will make changes to some interest rates following the Reserve Bank of New Zealand’s announcement today it is increasing the Official Cash Rate (OCR) by 0.25%.

KiwiSaver confidence hits record high as Kiwis eye up their investments

22 Nov 2021

More New Zealanders have been seeking expert financial advice to help with their investments, and this is flowing through to confidence according to the latest ASB KiwiSaver Survey.

Craigmore and ASB team up on $78 million sustainable transition loan

17 Nov 2021

Craigmore Sustainables, one of the largest diversified farm management companies in Aotearoa, has secured nearly $80 million in funding from ASB in an innovative sustainability-focused deal.

Investor Confidence hits five-year high, with Aucklanders the most confident despite lockdown

11 Nov 2021

• Investor confidence has rebounded to the highest level since early 2017, sitting at nett 25% for Q3 2021.
• Aucklanders are the most optimistic despite lockdown, with confidence at nett 31% compared with 23% for the rest of New Zealand.
• Respondents' own home remained the best perceived investment for returns, while rental property dipped slightly from 17% to 14%.
• Strong returns on investments in the past year have given New Zealanders confidence, even as the country remains on alert due to COVID-19.

ASB selects Microsoft Azure as its preferred cloud provider

09 Nov 2021

ASB has selected Microsoft Azure as its preferred cloud provider, becoming an anchor tenant for Microsoft's New Zealand data centres.

ASB and Hawke's Bay Airport partner on multi-million dollar sustainability-linked loan

01 Nov 2021

Hawke's Bay Airport has taken an important step in its goal to become New Zealand's most sustainable airport, this week securing tens of millions in sustainability linked funding from ASB.

ASB backs small business with contactless debit fees waiver until end of 2021

29 Oct 2021

ASB has today announced it will continue to waive merchant fees on contactless debit card transactions for eligible small business customers until 31 December, 2021. 

ASB teams up with Russell McVeagh for “Borrow the Expert” webinar to help Kiwi businesses navigate vaccination issues

28 Oct 2021

ASB is partnering with law firm Russell McVeagh and a workplace health and safety expert to help Kiwi businesses navigate the complex issues surrounding COVID-19 including vaccination requirements for employees, contractors, customers and others who may need to enter their premises.

ASB data shows financial wellbeing improving but many 'just coping'

28 Oct 2021

• Customers were better prepared financially for the most recent Level 4 lockdown, with average cash balances now 60% higher than those of the first 2020 Level 4 lockdown. 
• Despite the improved average cash balances, 40% of customers still have less than $1,000 in funds available.
• Spending was down in September, with outflows from Auckland customers' accounts dropping 22%, compared with 5% for the rest of New Zealand.
• 18 -24-year-olds emerged as New Zealand's top savers, boosting their average cash balances by 9% during September 2021 lockdown period compared with an average of 5% across the board.   

ASB donates $200k towards two major incident welfare vehicles for St John after Super Saturday pledge

19 Oct 2021

ASB is donating $204,000 to charity partner St John, which will be used to fund two major incident welfare vehicles after 39,025 people headed out on Saturday to get their first COVID-19 vaccine.

ASB to support Super Saturday with $5 to St John for every first jab

15 Oct 2021

ASB is getting behind New Zealand’s vaccination drive this weekend, pledging a $5 donation to charity partner St John for every Kiwi who receives their first COVID vaccine on Super Saturday.

ASB supports Kiwi businesses with a commitment to hold the interest rate on its most common small business loan for the rest of the year

06 Oct 2021

ASB has today committed to holding its base business interest rate through to the end of 2021.

ASB Regional Economic Scoreboard Q2 2021

27 Sep 2021

• Volatility on the Scoreboard this quarter reflects regional COVID-19 recovery differences.
• The West Coast takes the lead with the most significant turn-around, with Canterbury in second place helping to narrow the North and South Island divide.
• Hawke's Bay and Manawatū-Whanganui fell 10 and 11 places after a stellar run.
• Next quarter's Scoreboard expected to paint a different picture after current lockdown.

ASB Housing Confidence survey shows Kiwis are bullish about house price growth, despite looming headwinds

13 Sep 2021

• Surveyed house price expectations have remained high again this quarter.
• Net 54% of respondents now expect interest rates to increase.
• ASB expects house price growth to drop to just 2% next year.

Tens of thousands of Kiwis access ASB Support Finder tool as COVID impact felt

13 Sep 2021

In the five weeks since ASB launched its Support Finder tool, almost 13,000 Kiwis who may be eligible for government support they’re not currently receiving have been referred to government agencies, as the effects of COVID continue to bite.

ASB extends support for business customers, waives contactless debit fees until end of October

03 Sep 2021

ASB has today moved to waive debit card contactless merchant fees to support businesses trading through COVID-19 Alert Levels 3 and 4.

ASB appoints The Monkeys and Accenture Interactive as new agency of record

30 Aug 2021

ASB has appointed The Monkeys and Accenture Interactive as its new agency of record with the bank signing on as the agency’s foundational client in New Zealand.

ASB full year result – supporting a resilient and strong New Zealand

11 Aug 2021

Following a determined focus to support its customers and New Zealand through an unpredictable year, ASB has reported a cash net profit after tax of $1,295 million for the 12 months to 30 June 2021. This represents an increase of $330 million or 34% on the year prior, when ASB reported a 20% profit decline, largely due to the impacts of COVID-19.

Labour shortage sting set to cause issues for years according to latest ASB Quarterly Economic Forecast

05 Aug 2021

• New Zealand’s labour shortage has intensified and is likely to last years.
• Inflation is likely to spike to 4% – the highest it’s been since GST was increased in 2010 – and then settle around 2.5%. 
• ASB expects the OCR to reach 1.5% which will flow through into interest rates.

ASB's new Support Finder tool helps connect customers with thousands in government support

02 Aug 2021

ASB research alongside benefit numbers from the Ministry of Social Development shows an increased number of Kiwis are struggling financially, and many may not be aware they're eligible for government support.

ASB appoints world's largest asset manager BlackRock in major partnership to enhance investment offering

19 Jul 2021

ASB has entered into a strategic partnership with BlackRock, that will see its investment customers benefit from the global expertise of the largest investment management firm in the world. 

ASB offers relief to customers affected by Westport and Marlborough flooding

19 Jul 2021

ASB is supporting customers affected by the extreme weather event in Westport and Marlborough, offering tailored packages including suspension of home loan repayments and an emergency overdraft facility of up to $100,000 at a reduced variable interest rate of 2.95% p.a. for business and rural customers.

ASB adjusts interest rates as the economic outlook improves

14 Jul 2021

ASB has today announced increases to its fixed term mortgage and term deposit rates.

ASB connects thousands more Kiwis to digital banking with new community support

13 Jul 2021

More than 100,000 ASB customers used digital banking for the first time in the past year and with the move online accelerating, ASB is putting more support in place for customers who need some extra help.

ASB Regional Economic Scoreboard Q1 2021

02 Jul 2021

• The island divide continues this quarter with the North Island taking the top nine spots and the South Island the bottom seven.
• Northland retains its top spot on the scoreboard for the third consecutive quarter.
• Strong housing and construction growth across the country has boosted fortunes for many regions.
• Southland drops to the bottom of the scoreboard with soft statistics across the board.

ASB Back My Build tops $2 billion in lending for new build houses

30 Jun 2021

In just over a month since ASB launched its special Back My Build home loan rate to boost housing supply and help Kiwis onto the property ladder, the bank has received applications for more than $2 billion in lending to support the construction of 3,000 new homes.

Women better off day to day but miss out on $750 million at retirement: ASB reveals New Zealand’s financial wellbeing gender divide

25 Jun 2021

• Despite a 9% gender pay gap, Kiwi women have better everyday financial wellbeing than men, as they spend less and save more.
• Despite saving more, women’s KiwiSaver balances are 12% lower at retirement due to lower pay and less appetite for risk.
• If Kiwi women invested their additional bank savings in the right KiwiSaver fund for their goals, they could collectively unlock three quarters of a billion more at retirement.

ASB offers relief to customers affected by Canterbury region flooding

03 Jun 2021

ASB is supporting customers affected by the extreme weather event in Canterbury, offering tailored packages including suspension of home loan repayments as well as an emergency overdraft facility of up to $100,000 at a reduced variable interest rate of 2.95% p.a. for business and rural customers.

ASB Housing Confidence survey shows policy changes yet to curb house price expectations

31 May 2021

• Surveyed house price expectations have wobbled but remain high despite government policy changes.
• Buyer sentiment has turned more negative with a net 21% saying it is a bad time to buy.
• The rate of house price growth is expected to slow over the second half of this year.

ASB helping boost NZ’s housing supply with 1.79% rate for new homes

17 May 2021

ASB supports move to regulate merchant service fees

13 May 2021

ASB welcomes the Government’s announcement today that it will introduce a bill later this year to reduce and regulate merchant service fees in New Zealand.

ASB helps a million Kiwi kids get cash clever with ASB GetWise

20 Apr 2021

New Zealand’s largest in-school financial education programme, ASB GetWise has reached a record achievement, with one million children registering for the programme.

ASB issues agency RFP

14 Apr 2021

ASB is seeking expressions of interest from brand, marketing and digital agencies, with a Request for Proposal (RFP) process for a range of creative services kicking off today.

ASB Board Chairman Gavin Walker to retire from ASB Board

30 Mar 2021

ASB Chairman Gavin Walker ONZM will retire from the ASB Board at the end of August 2021 and be replaced as Chairman by current Director Dame Therese Walsh.

ASB Regional Economic Scoreboard Q1 2020

29 Mar 2021

A tale of two islands as the rural and tourism sectors divide the North and the South

• Northland retains its top spot – with almost five percent job growth year on year
• The rural and tourism sectors continue to divide the scoreboard
• North Island still outperforming the South Island
• Housing and construction boom fueling growth

One year on from lockdown: New research from ASB highlights the financial impact of Covid-19 on Kiwis

26 Mar 2021

• Kiwis’ overall financial wellbeing has improved 8% on average since the first lockdown, largely driven by reduced spending.
• But we’re still doing it tough – more than a third of Kiwis are living pay-day to pay-day and nearly half have less than $1000 in savings. 

Housing confidence at a 25-year high but buyer sentiment turns negative as affordability bites

11 Mar 2021

• Surveyed house price expectations have hit a fresh high this quarter.
• Buyer expectations have turned negative with a net 8% saying it was a bad time to buy.
• The rate of house price growth is expected to level out somewhat in the coming year.

ASB supports savers with new 1.75% market leading term deposit rate

01 Mar 2021

ASB is increasing its term deposit rates, including lifting the 60-month term deposit rate by 0.75% to a market leading 1.75%.

ASB Quarterly Economic Forecast predicts OCR hike as early as August 2022

22 Feb 2021

• Official Cash Rate forecast to plateau at 1.25% by early 2024
• New Zealand economy amongst the first to emerge from 'COVID eclipse'
• Most economic activity growth in the first half of 2021 will come from construction sector
• It will be 2022 before the New Zealand and global economies properly enter 'recovery mode' 

Small change adds up to nearly $4m a month for ASB customers

17 Feb 2021

ASB customers using the bank’s Save the Change tool are collectively saving nearly $4 million a month by simply rounding up their ASB EFTPOS or Visa Debit card purchases to the nearest $1, $2, $5 or $10.

ASB welcomes Business Finance Guarantee Scheme extension with an interest rate cut

15 Feb 2021

ASB has cut its Business Finance Guarantee Scheme (BFGS) interest rates to help ensure more businesses benefit following the scheme’s latest extension, announced by the Government today.

ASB half year result - supporting a strong and sustainable New Zealand

10 Feb 2021

The result reflects the continued resilience of the New Zealand economy in the face of the ongoing impacts of COVID-19. Strong home and business lending growth was offset by reduced margins due to the low interest rate environment and increased operating costs reflecting ASB's continued commitment to reinvest in its business.

ASB further adjusts LVR restriction in support of first home buyers

05 Feb 2021

ASB is immediately increasing the minimum deposit required from investors in a move to further address the rapid growth in home lending volumes.

ASB welcomes Climate Change Commission report

02 Feb 2021

ASB welcomes the release of the Climate Change Commission's first draft advice to government which calls for 'transformational and lasting' change across society and the economy.

A million reasons to use ASB's card control this summer

22 Dec 2020

ASB is reminding customers who lose or temporarily misplace their Visa card this summer to use the bank’s mobile app to place an instant block on its use.

ASB launches a virtual marketplace to help Kiwis support local this Christmas

18 Dec 2020

ASB has created the ASB Virtual Christmas Marketplace, a one-stop online shop to help consumers with Christmas gift ideas from New Zealand businesses this year.

ASB Regional Economic Scoreboard Q3 2020

18 Dec 2020

Northland and New Zealand's rural sector steal the show in the latest ASB Regional Economic Scoreboard

• Northland climbs seven spots to take top place 
• Rural New Zealand dominates this quarter with Bay of Plenty and Waikato rounding out the top three
• The North Island is still the place to be as the South Island trails
• Taranaki dropped eight spots, slipping from fourth to 12th after a mediocre quarter

ASB decreases merchant services fees to further support Kiwi businesses

10 Dec 2020

ASB welcomes the Government’s announcement today that it will consult on merchant services fees and has immediately moved to implement a substantial rebate for small and medium sized ASB business customers until the outcome of the consultation. The rebate announced today will be back dated to 1 December 2020.

Out of the frying pan, into the mire according to ASB KiwiSaver research

10 Dec 2020

Sharemarket volatility has tested the nerve of ASB KiwiSaver customers this year, with six percent switching to lower risk cash and conservative funds in March as Covid-19 saw sharemarkets plunge.

NZ economy holding up well amongst the developed world, forecast to finish the year down 3% on 2019

02 Dec 2020

• A speedy exit from lockdown and large spending volumes mean NZ’s economy is now expected to finish 2020 just three percent down on 2019.
• Fear of job losses has given way to fear of missing a bargain as household spending soars.
• The OCR is no longer expected to go into negative territory given the economy’s performance.

ASB adjusts LVR restrictions in support of first home buyers

12 Nov 2020

ASB is moving immediately to increase the minimum deposit required from investors in the wake of the Reserve Bank of New Zealand’s announcement yesterday that it is considering the reintroduction of loan-to-value restrictions (LVR) in March 2021.

ASB’s award winning school financial literacy programme celebrates 10th birthday with digital relaunch, including new augmented reality content

05 Nov 2020

ASB is celebrating ten years of the popular GetWise school programme inspiring Kiwi kids to be confident with money, by taking it to the next level with the launch of a new digital version and expanding its reach.

ASB lends Eden Park naming rights to Kaikoura fish & chip business

12 Oct 2020

ASB Bank today revealed a Kaikoura fish and chip business as the naming rights sponsor of Eden Park for this weekend’s Bledisloe Cup encounter.

ASB makes history by scoring naming rights to Eden Park

06 Oct 2020

In a world first, ASB Bank has secured weeklong naming rights to New Zealand’s national stadium for the upcoming Bledisloe Cup, and as part of its continued efforts to back New Zealand business, will gift the opportunity to a Kiwi business in need of a helping hand.

ASB Backing Business Hits Primetime on TVNZ 1

02 Oct 2020

Hard on the heels of the innovative Borrow the All Blacks campaign, ASB is continuing its support for Kiwi businesses with a new short-format TV series showcasing businesses that are successfully adapting to the challenges of COVID-19.

ASB set to begin announcing the 100 Kiwi businesses selected to Borrow the All Blacks

24 Sep 2020

ASB has reviewed nearly 2,000 entries to select the 100 small to medium Kiwi businesses that will get a share of the bank’s New Zealand Rugby sponsorship through the ASB Borrow the All Blacks campaign.

First ASB Borrow the Māori All Blacks ad is a celebration of te wiki o te reo Māori

17 Sep 2020

ASB has chosen Māori Language Week to reveal the first of a series of 100 Borrow the All Blacks, Māori All Blacks and Black Ferns ads it's creating as part of a campaign to help support Kiwi businesses through tough times. Production is in full swing for the rest of the 100 ads which will be released progressively over coming weeks.

Mighty Manawatu makes its mark in ASB's quarterly Regional Economic Scoreboard

14 Sep 2020

• Manawatu-Whanganui climbs six spots to take top place on the regional economic scoreboard this quarter
• Manawatu-Whanganui climbs six spots to take top place on the regional economic scoreboard this quarter
• Weak retail sales and the lack of tourists kept Nelson on the bottom rung for the second quarter in a row
• Canterbury plummeted nine places to 14th equal, however, it’s coming off 12 months of relative strength 

ASB Quarterly Economic Forecast shows NZ economy doing better than expected, but challenges remain

07 Sep 2020

• August lockdown estimated to have shaved 8% off NZ's weekly GDP, and 0.5% off annual GDP 
• Economy now expected to shrink 5% (year-on-year) by end of 2020 
• Unemployment rate now expected to peak at 7.5% 

ASB supports small business by introducing a capped fee for contactless

07 Sep 2020

ASB is amplifying its support for New Zealand small businesses, introducing a maximum merchant service fee for debit contactless transactions.

Seeing light at the end of the tunnel

28 Aug 2020

• Views on whether it is a good or a bad time to buy a house are the most optimistic since 2012.
• House price expectations have partly recovered from lockdown depths. 
• Unsurprisingly, a greater proportion of respondents expect interest rates will fall further.

ASB says Business Finance Guarantee Scheme extension will save jobs and businesses

20 Aug 2020

ASB supports the Government’s decision to extend the Business Finance Guarantee Scheme (BFGS) to a broader group of customers, describing it as a timely lifeline for businesses.

ASB puts health and safety first as Kiwis stand together against COVID-19

17 Aug 2020

ASB is making sure Kiwis have access to essential banking services as New Zealand responds to the re-emergence of COVID-19.

ASB is committed to keeping Kiwis in their family homes

17 Aug 2020

ASB welcomes the Government’s decision to extend the Mortgage Repayment Deferral Scheme until 31 March 2021.

Supporting New Zealand’s recovery

12 Aug 2020

“ASB has today announced a 20% decrease of its cash net profit on the prior year, which was expected due to the significant impacts of COVID-19 and the low interest rate environment,” says ASB’s CEO Vittoria Shortt as the Bank released its full year results to June 2020.

New ambulance heading to Helensville thanks to ASB

10 Aug 2020

A new Gen-4 ambulance has been unveiled by ASB and gifted to St John for use in Helensville, following a donation by ASB over lockdown.

ASB wins Canstar's Most Satisfied Customers - Merchant Services award

04 Aug 2020

ASB has been named Canstar’s Top Merchant Service Provider for Small Business, as voted by almost 200 small business owners surveyed across the last few months.

ASB moves to a single fixed home loan rate card to support first home buyers

16 Jul 2020

ASB is moving from having two fixed home loan rate cards for home lending to just one, a move that will put thousands of dollars back into the pockets of first home buyers with less than 20% equity.

ASB appoints Ben Speedy as Rural general manager

15 Jul 2020

ASB is pleased to announce that Ben Speedy has been appointed to the bank’s leadership team in the role of general manager, Rural. 

ASB partnering with KidsCan to provide 5,000 winter jackets to kids in need

13 Jul 2020

Every day in New Zealand, thousands of children go to school lacking one or more basic necessities including food, shoes or a warm jacket; and COVID-19 has only exacerbated the situation.

ASB Regional Economic Scoreboard Q1 2020

13 Jul 2020

Gisborne the place to be for the past four quarters

• Gisborne came out tops for the fourth consecutive quarter in the latest ASB Regional Economic Scoreboard.
• Neighboring Hawke’s Bay and Taranaki have both climbed dramatically up the rankings, with these regions looking good as the economy went into lockdown.
• The dry summer was a big challenge at the start of the year, but COVID-19 emerged to become the biggest challenge the country has faced in many years, impacting all areas.
• Missing tourists is a theme for many regions that suddenly find themselves in a completely different environment than what we imagined only six months ago.

ASB launches online resource to help struggling SMEs

06 Jul 2020

Research by ASB among small and medium-sized businesses reveals SMEs are struggling to find the information they need most to help their business manage the economic impacts of COVID-19.

ASB donates New Zealand Rugby sponsorship to help kickstart small business

06 Jul 2020

ASB is donating its largest sponsorship asset, the All Blacks, Black Ferns and Maori All Blacks, to promote small and medium-sized New Zealand businesses in an effort to spotlight SMEs and stimulate New Zealand's economy.

ASB evolves to best support its customers

01 Jul 2020

ASB is recruiting for more than 150 roles to provide specialist guidance and advice to its customers.

Investor confidence falls to four-year low

08 Jun 2020

• Overall investor confidence plummeted for the first quarter of 2020, dropping from net +11% to net +4%
• This was driven by a significant decline in March, as the impacts of COVID-19 began to hit
• Surprisingly, investor confidence was steady over Q1 in Auckland, but fell from net +14% to net +2% across the rest of the country

ASB welcomes alert level 1

08 Jun 2020

ASB welcomes the Government’s decision to move Kiwis to a more expansive alert level 1 from midnight tonight.

ASB launches Compassionate Care, a free home loan benefit to support customers

02 Jun 2020

ASB has launched Compassionate Care, a free home loan benefit designed to provide support for customers when they need it most.

Fast and Furious

29 May 2020

• NZ abruptly went into a stringent lockdown to combat health risks, prompting a huge and rapid economic response from the Government.
• NZ comes out of stringent restrictions able to entertain the possibility of moving to 'normal' distancing.
• But the hard road of economic recovery is just starting and has several levels of its own to work through.

Housing confidence whipsawed by COVID-19

26 May 2020

• Confidence in rising house prices whipsawed by COVID-19
• Perceptions of whether it’s a good time to buy also decline as households batten down the hatches
• Interest rate expectations flick back to lower for longer

ASB takes the lead again with new low home loan interest rate

22 May 2020

ASB has moved again to support its customers, cutting a number of home loan rates, including the two-year special rate to a new low of 2.69% p.a.

ASB officially endorsed as carbon zero

18 May 2020

ASB has achieved a major step towards its climate goals, by achieving carboNZero certification from Toitu Envirocare.

ASB extends customer support during Alert Level 2 and launches priority hour

11 May 2020

As New Zealand continues to progress out of lockdown, ASB is opening a further 12 branches from Monday, increasing operating hours, and launching a priority hour across all open branches for customers needing extra support.

Two's the magic number - ASB interest rate that's two for two

08 May 2020

As the country prepares to move to level 2, ASB has moved again to support customers by cutting a number of home loan rates, including the two-year special rate to a new low of 2.99% p.a.

ASB welcomes changes to Business Finance Guarantee Scheme

04 May 2020

ASB supports the Government's decision to extend the Business Finance Guarantee Scheme to a broader group of customers.

ASB extends branch opening hours as country moves to Alert Level 3

24 Apr 2020

ASB is doubling the operating hours of its 42 branches when Alert Level 3 starts on Tuesday.

ASB proud to partner with PaySimple to support New Zealand businesses

24 Apr 2020

ASB-backed Kiwi start-up PaySauce is offering a free version of its platform for the next few months to support Kiwi businesses dealing with the COVID-19 impacts.

ASB reinforces its support for Kiwi businesses with its competitive COVID-19 overdraft facility rate

22 Apr 2020

ASB has helped over 8,600 business customers providing more than $4 billion across its various relief packages since the COVID-19 situation started to impact New Zealand.

An essential thanks to all of New Zealand's essential workers

08 Apr 2020

For many New Zealanders, alert level 4 has meant staying at home. For those working in essential services however, it has meant heading out and working even harder to support the country during the lockdown period.

ASB strengthens support measures to help more businesses

02 Apr 2020

ASB has further increased its range of support measures for Kiwi business customers impacted by the economic effects of Coronavirus (COVID-19), by participating in the Government's Business Finance Guarantee Scheme.

We're here to get Kiwis through

27 Mar 2020

ASB Chief Executive Vittoria Shortt is commending the swift action taken by all parties to develop another major financial support package for homeowners whose income has been impacted by COVID-19.

ASB cuts home loan interest rates to support customers

16 Mar 2020

ASB Regional Economic Scoreboard Q4 2019

06 Mar 2020

• Gisborne ended 2019 as King of the Scoreboard castle, making it three consecutive quarters on the trot.
• The Mighty Waikato jumped a whopping 11 spots to 3rd this quarter.
• Despite climbing one spot this quarter, Otago may be at risk going forward from the Coronavirus impact on tourism and education in the region.
• Hawke’s Bay fell from silver medal position last quarter to 11^th.
• Northland has been handed a raw deal, with drought to be compounded by coronavirus-related disruptions to its export industries.

ASB invests in Dunedin community

06 Mar 2020

ASB has reaffirmed its commitment to Dunedin and the Otago community, making a significant investment in a new home for its Dunedin branch.

ASB offers support to drought-affected customers

04 Mar 2020

ASB is supporting its farming customers affected by drought and unseasonably dry conditions, offering tailored packages including principal relief on lending, no fees on new working capital if required, as well as up to $100,000 overdraft at a reduced interest rate on that facility.

ASB becomes a Living Wage employer

02 Mar 2020

ASB has become an accredited Living Wage employer.

This means all workers, including security guards, cleaners and others employed by contractors providing regular and ongoing services, will be paid no less than the Living Wage - currently $21.15 an hour.

Hoping for some immunity

27 Feb 2020

• The NZ economy was showing signs that it was turning up heading into the New Year.
• Coronavirus will cause a sharp and - we hope - short jolt to the economy in the first half of the year.
• Both the RBNZ and the Government are well placed to provide support if the outbreak has prolonged impacts.

2019 best year for KiwiSaver returns but perceptions remain low

24 Feb 2020

• 2019 was the best calendar year ever for the ASB KiwiSaver Scheme diversified fund returns
• Just 13% of respondents thought KiwiSaver was the best bank product for returns

ASB and WiTH Collective New Zealand launch new brand platform, encouraging New Zealanders to 'Live Life One Step Ahead'

24 Feb 2020

ASB has launched its latest brand campaign, encouraging New Zealanders to "Live Life One Step Ahead" via WiTH Collective New Zealand, Linked by Isobar.

2019 best year for KiwiSaver returns but perceptions remain low

24 Feb 2020

• 2019 was the best calendar year ever for the ASB KiwiSaver Scheme diversified fund returns
• Just 13% of respondents thought KiwiSaver was the best bank product for returns

ASB half year result – Supporting Kiwis’ financial wellbeing through innovation

12 Feb 2020

ASB today reported a statutory net profit after taxation (NPAT) of $599 million for the six months ended 31 December 2019. This represents a 5% decrease on the prior comparative period. This included a one-off $28 million loss on the sale of Aegis, its funds administration business.

Love affair with housing boosts overall investor confidence

30 Jan 2020

• Recent developments in the housing market have led to renewed confidence in investor’s own homes as providing the best return on investments.
• In contrast, perceptions of rental property as providing the best return fell to a more than 15-year-low at 13%.
• Overall investor confidence has recovered somewhat this quarter, lifting from nett +8% to nett +11%.
• Investor confidence in Auckland trailed the rest of the country, sitting on net +6%, although still up from net +4% last quarter.

Regions have a stable quarter on the scoreboard

16 Dec 2019

• The scoreboard remained fairly stable this quarter, with three regions holding their table position and a further six moving less than three places.
• Gisborne held onto its reign at the top of the leaderboard.
• Hawke's Bay climbed back into medal position, taking out silver.
• Auckland jumped seven places to third equal after a bounce in consumer confidence.
• Northland dipped seven spots from third place into 10^th equal.
• Nelson fell two places to the bottom rung of the ladder.

ASB Housing Confidence Survey November 2019

09 Dec 2019

• All three of our key housing confidence measures lifted in Q3, for the second straight quarter. 
• Buyer sentiment reached a seven-year high.
• This sentiment matches the turn higher we are seeing in most key indicators of the housing market. House price inflation is picking up and we expect the upturn to continue through to at least the middle of 2020.

Are we there yet?

27 Nov 2019

• We are still waiting for resolution of trade tensions and Brexit, and an end to NZ’s economic deceleration.
• Monetary policy has done some work to lift growth; the Government also has plenty it could do.
• Australia hasn’t had a recession for 28 years, something NZ can actively aspire to.

ASB Investor Confidence Survey Q3 2019: Investor Confidence in need of a spring boost

07 Nov 2019

• Investor Confidence has fallen from nett +15% to nett +8%, a more than three-year low.
• The decline has in part been driven by declining confidence in housing, particularly in Auckland.
• Low term deposit rates are also impacting the mood, and confidence in the returns from managed funds and KiwiSaver has slipped over the quarter.
• Confidence in return on investments differed significantly by age group.

The million dollar question: how much is enough to retire?

04 Nov 2019

Working out how much money is needed to retire can be a complex process, and at current levels, the average person will outlive their savings by roughly nine years according to the World Economic Forum’s analysis, so how do we close the gap?

ASB Auckland Marathon runners to provide 20,000 hot lunches through KidsCan

21 Oct 2019

More than 15,000 people walked, ran or wheeled across the finish line at yesterday's ASB Auckland Marathon, and ASB is converting this effort into hot lunches for children in need through KidsCan.

ASB confirms sale of Aegis

10 Oct 2019

ASB has sold its investment administration and custody businesses, Aegis Limited and Investment Custodial Services Limited (together "Aegis") to MMC.

ASB Auckland Marathon runners pay it forward with hot lunches for KidsCan

04 Oct 2019

Last year, ASB Auckland Marathon runners helped clock up more than 5,000 volunteer hours for ASB staff to spend helping in the community. This year, ASB is going one step further, committing to another 5,000 volunteer hours, as well as providing a hot lunch to Kiwi kids in need through KidsCan, for every runner who crosses the finish line.

Consistent top quartile returns and low fees key to ASB's Canstar KiwiSaver win

26 Sep 2019

ASB Group Investments, the manager of the ASB KiwiSaver Scheme, has once again been recognised for excellence, after being named joint winner of the Canstar Outstanding Value KiwiSaver Scheme of the Year award, for the second year in a row.

ASB launches Positive Impact funds

19 Sep 2019

ASB has added two new funds to its stable of investment options – the ASB KiwiSaver Scheme Positive Impact Fund and the ASB Investment Funds Positive Impact Fund. Both will have a focus on investing in companies that are making a positive impact on society or the environment.

ASB partners with KidsCan and launches day and a half volunteering

17 Sep 2019

Every day in New Zealand, thousands of children go to school lacking one or more basic necessities including food, shoes or a raincoat. ASB is helping to change this by partnering with KidsCan on its hot meals programme, and volunteering at least 5,000 hours each year to the charity as part of its new volunteering policy.

Kiwis saving more as contribution changes picked up

12 Sep 2019

• 6% of respondents have taken up the new contribution rates in the last few months
• 64% said they needed to save more for retirement, up from 58% last quarter
• Those saving more than 6% of their income had increased from 39% last quarter to 41%

ASB customers benefit from New Zealand first Business Debit card

12 Sep 2019

ASB has announced a new Visa Debit card dedicated to providing small business customers with more purchasing power.

Gisborne Gold

09 Sep 2019

• Gisborne has leapfrogged the sunny Hawke’s Bay to take out top spot this quarter
• Wellington takes out the silver medal, climbing two spots to second
• Northland reverses its fortunes, climbing 10 spots to claim the bronze medal
• The Bay of Plenty and Manawatu-Whanganui dipped seven places each to 15th and 9th place respectively
• The West Coast remains stubbornly at the bottom of the scoreboard 

ASB launches Kete Aronui Māori language app

06 Sep 2019

As one of Aotearoa's official languages, te reo Māori is commonly used in New Zealand, with words and phrases often seen in sports, community and business sectors.

ASB is embracing this and helping its staff, customers and the public to become more familiar with everyday words and phrases through the launch of its Māori cultural learning app - Kete Aronui.  

Home Comforts

26 Aug 2019

• Housing confidence is tentatively turning higher. All three of our key confidence measures we monitor show respondents are feeling more positive about housing relative to the situation three months ago.
• This sentiment broadly matches the nascent signs of a turning we’ve seen in other housing data.
• House price expectations crept higher, interest rate expectations fell sharply, and more people believe now is a good time to buy a house.

Auckland honours Dame Kiri

21 Aug 2019

One of the world's greatest sopranos is being celebrated in a grand theatre tradition, with a permanent tribute to be unveiled at Auckland’s Aotea Centre on 20 November.

Failure to launch?

19 Aug 2019

• The economy looks like it will fail to rebound significantly over the next year, with growth to lift only slightly.   
• Ongoing domestic malaise remains the gravitational drag, though global headwinds are intensifying.
• Monetary policy may test its practical limits, which would bring quality Government action to the fore.

ASB launches 'Smiles' campaign, celebrating financial literacy and its All Blacks sponsorship

12 Aug 2019

ASB GetWise graduate Hana follows up her successful 'Stick' start up business with orange smiles in the second chapter of ASB’s financial literacy advertising campaign, celebrating a generation of cash clever Kiwi kids.

ASB invests in keeping Kiwis' finances safe, sound and secure

07 Aug 2019

ASB today reported a statutory net profit after taxation (NPAT) of $1,274 million for the year ended 30 June 2019. This represents an 8% increase on the prior year. This included a one-off $46 million gain from the sale of Paymark Ltd.

Cash NPAT was $1,191 million, an increase of 4% on the prior year. Cash NPAT presents ASB's underlying operating results and excludes items that introduce volatility and/or one-off distortions which are not considered representative of ASB’s on-going financial performance.

ASB Chief Executive Vittoria Shortt said the result was the product of a solid across the board performance. "While all parts of the business contributed to the result, growth in underlying profit was more subdued this year, reflecting a backdrop of slowing credit growth in the business and consumer finance sectors."

ASB moves quickly to cut home loan interest rates

07 Aug 2019

ASB has responded immediately to the RBNZ's decision to reduce the Official Cash Rate by lowering its variable home loan and Orbit home loan rates.

Investors largely unswayed by positive market developments

05 Aug 2019

• Investor Confidence has remained stable at nett +15% this quarter
• Confidence in respondents’ own home as providing the best returns continues to soften despite positive developments in the housing market
• Strong returns have helped expectations for KiwiSaver improve
• Low interest rates are impacting perceptions of term deposits, but by less than expected

ASB launches investment podcast on Spotify

30 Jul 2019

As part of its core purpose to help accelerate the financial progress of all New Zealanders, ASB Bank has launched an investment podcast which will be available to all listeners through Spotify and Apple podcasts.

ASB welcomes KiwiSaver changes

03 Jul 2019

ASB welcomes KiwiSaver changes

From today, all New Zealanders will be able to access KiwiSaver regardless of their age with the government’s policy for over 65-year-olds coming into force from 1 July.

ASB takes out Canstar First Home Buyer Award for 2019

28 Jun 2019

First home ownership is a huge step in most people’s lives, and ASB has been recognised for its work in helping Kiwis with this process, winning the Canstar First Home Buyer Award for 2019.

ASB adds Google Pay just months after the addition of Apple Pay

19 Jun 2019

ASB has added Google Pay to its suite of payment technologies, with its Android customers now able to use the payment technology.

Winter may be coming but the North is heating up

05 Jun 2019

Winter may be coming but the North is heating up

• The sunny Hawke’s Bay tops the Scoreboard for the second quarter in a row
• The central North Island dominates with the Hawke’s Bay, Gisborne and Manawatu-Whanganui taking out the medals
• Gisborne was this quarter’s fastest mover, jumping a massive 10 spots to 3rd
• Canterbury was this quarter’s biggest loser, dipping 10 spots to 14th
• Marlborough props up the bottom of the Scoreboard

ASB wins Canstar Tertiary Banking and Canstar Junior Banking awards

31 May 2019

ASB Bank has added to its collection of Canstar awards, scooping the Tertiary Banking Award for the second year in a row and the Canstar Junior Banking Award for the fourth year in a row.

Proposed Capital Gains Tax puts a dampener on housing

28 May 2019

• House price expectations fell across the country in the three months to April 2019, with Auckland house price expectations turning negative for the first time since 2009   
• Interest rate expectations reveal most respondents expected interest rates to remain unchanged, or rise, ahead of the RBNZ’s cut to the Official Cash Rate in May
• On balance, it’s a slightly better time to buy in Auckland, but most have no strong view either way

ASB announces strategic review of Aegis

21 May 2019

ASB has made a decision to undertake a strategic review of its investment and custody businesses Aegis Limited and Investment Custodial Services Limited (together "Aegis").

ASB gives Kiwis the chance to pay-it-forward with term deposit donation offer

20 May 2019

ASB is celebrating its 11-year partnership with Ronald McDonald House Charities® New Zealand by launching a term deposit offer which will see the bank donate up to $100,000 to the charity on their customers' behalf.

Expected economic pickup a no show

17 May 2019

• New Zealand growth is taking its time to arrive.
• Risks no longer looming - they've moved in globally, amidst further signs of economic slowdown.
• Another cut to the OCR is pencilled in for August.

ASB lowers variable home loan rate

10 May 2019

Following the RBNZ’s decision to reduce the Official Cash Rate, ASB is taking the opportunity to lower its variable home loan and Orbit home loan rates.

ASB's latest ad campaign celebrates a generation of cash clever Kiwi kids

03 May 2019

Armed with ASB's Clever Kash digital money box and the knowledge from ASB GetWise financial literacy classes, more than 850,000 Kiwi kids across the country have the money smarts to get them one step ahead – a feat that is heroed in ASB’s latest advertising campaign 'Cash Clever Kids'.

KiwiSaver performance bounces back after market volatility

01 May 2019

KiwiSaver fund performance has rebounded in the first few months of 2019, more than recovering last year's losses after a volatile quarter in the markets saw many member balances dip.

ASB honoured with Canstar Innovation Excellence Award

26 Apr 2019

ASB has been named the winner of the Canstar Innovation Excellence Award following the launch of the innovative ASB ID mobile app.

ASB's Clever Kash technology will be available to millions in China

17 Apr 2019

Clever Kash, the digital moneybox and brainchild of ASB and Saatchi & Saatchi, is taking a trip to China where the technology will be available to millions of customers.

ASB named Canstar bank of the year for Home Loans 2019

17 Apr 2019

ASB Bank has once again been recognised for excellence in home lending, taking out the Canstar Bank of the Year for Home Loans Award for the second year in a row

ASB True Rewards available to contribute to Our People, Our City Fund

29 Mar 2019

ASB customers now have the option to contribute their True Rewards dollars to the official Christchurch Foundation’s Our People, Our City Fund.

ASB appoints Tim Deane as Executive General Manager Business Banking

27 Mar 2019

ASB is pleased to announce that Tim Deane has been appointed to the bank's executive leadership team in the role of Executive General Manager, Business Banking.

ASB launches personal wealth and savings tool for everyday Kiwis

26 Mar 2019

ASB is helping all of its customers become wealth experts with its latest digital service, Wealth Central.

ASB welcomes government KiwiSaver move

25 Mar 2019

KiwiSaver provider ASB is welcoming changes to contribution rates for the savings scheme, saying it will encourage Kiwis to engage with their personal finances and start thinking more about retirement.

Food for thought at New Zealand AgriFood Week in Manawatu

11 Mar 2019

The future of New Zealand's food story will be shaped this week as thousands walk through the gates of this year’s New Zealand AgriFood week, in association with ASB.

The future of food production from a female perspective

07 Mar 2019

Nine influential Kiwi women from across the primary industries sector are gathering in Manawatu next week to discuss where-to-next for our food producing nation. They’re coming together as part of the ASB Perspective 2025 round-table discussion, which is a headline event at this year's New Zealand AgriFood Week in Palmerston North. 

ASB and Hnry share vision for the future of work

05 Mar 2019

Tax and payment services company Hnry has announced a new banking relationship with ASB Bank.

Sunny Hawke's Bay shines bright in the ASB Regional Economic Scoreboard

04 Mar 2019

• The sunny Hawke’s Bay tops this quarter’s Scoreboard
• Otago grabs the silver medal, but it’s Dunedin leading the way for the region
• Canterbury was this quarter’s fastest mover, jumping a massive 11 spots to 4^th
• Auckland’s housing market is weak, while in many other regions it is ticking along nicely
• Waikato loses its silver medal, falling 10 places

ASB Quarterly Economic Forecast February 2019

21 Feb 2019

It’s getting untidy

• New Zealand growth outlook is reasonable supported by strong fundamentals.
• Risks loom large amidst signs of a global economic slowdown.
• New Zealand Dollar expected to come up smelling like roses in Year of the Pig.

ASB Housing Confidence Survey

18 Feb 2019

Good time to buy as Year of the Pig begins

• House price expectations slipped slightly again in the three months to January, though respondents were still more bullish than they were 12 months ago in the aftermath of the 2017 election
• Interest rate expectations continue to decline significantly, remaining at two-year lows
• For the first time in more than five years, a plurality think it’s a good time to buy – but only by a whisker

ASB Lantern Garden returns for Lunar New Year

14 Feb 2019

Auckland Domain will be lit up with more than 800 handmade lanterns as the 20^th annual Auckland Lantern Festival kicks off to celebrate the Lunar New Year.

ASB Investor Confidence Survey Q4 2018

11 Feb 2019

Sharemarket weakness and uncertainty weigh on confidence

• Investor Confidence has fallen 9% pts to nett +10%, the lowest level in more than two years
• Confidence in respondents' own home as providing the best returns continued to lift as confidence in other investments declined over the quarter
• Perceptions of rental properties providing the best return continued to decline, and now sit at a four-year low
• Term deposits are back to being viewed as the best bank product for return on investment, overtaking KiwiSaver as sharemarket volatility dents confidence

ASB celebrates diverse longstanding title sponsorships

11 Feb 2019

For more than 30 years through events such as ASB Polyfest, Diwali and Auckland Lantern Festival, ASB has celebrated diversity through a range of sponsorships which the company is heroing in its latest ad.

ASB half year financial results - Investing in financial wellbeing a key priority

07 Feb 2019

ASB today reported a statutory net profit after taxation (NPAT) of $630 million for the six months ended 31 December 2018. This represents a 6% increase on the prior comparative period.

ASB appoints Lohit Kalburgi as Executive General Manager, Corporate Strategy and Customer Experience

01 Feb 2019

ASB is pleased to announce the appointment of Lohit Kalburgi to the bank’s executive leadership team in the role of Executive General Manager, Corporate Strategy and Customer Experience.

ASB appoints new Executive General Manager to lead its retail business

29 Jan 2019

ASB is pleased to announce that Craig Sims has been appointed to the bank’s executive leadership team in the role of Executive General Manager, Retail Banking.

ASB introduces Apple Pay

23 Jan 2019

Offering an easy, secure and private way to pay

Southland steps up to ASB Regional Economic Scoreboard's top spot

19 Dec 2018

• Waikato moo-ves northward, climbing 10 places and nabbing the silver medal
• Auckland heads south slipping to sit in last spot alongside Canterbury
• The weather's warming but Northland and the Bay of Plenty cool off

ASB announces appointment of new investment manager

11 Dec 2018

ASB Group Investments (ASBGI) has appointed Vanguard Investments Australia Limited (Vanguard) as the new investment manager for the Australasian Equity assets of a number of its products, including the ASB KiwiSaver scheme and ASB Investment Funds. The move comes after a review by ASBGI of its underlying investment manager arrangements to ensure ASBGI is delivering on its commitment to deliver the best possible investment outcomes for customers.

ASB KiwiSaver Q3 2018 report

10 Dec 2018

Retirement planning is a challenge, regardless of how far away it is

• The vast majority of people believe they need to save more for retirement
• Views on the amount of money required each year for retirement vary widely
• The part that KiwiSaver plays in the retirement savings puzzle varies, but the majority plan on using saved funds to cover day to day expenses, or keep them invested
• Almost 60% of people think KiwiSaver should be compulsory

ASB appoints David Bullock as Executive General Manager Technology and Operations

07 Dec 2018

ASB is pleased to announce that David Bullock has been appointed to the bank’s executive leadership team in the role of Executive General Manager, Technology and Operations.

Shifting faith in property returns poses a challenge for Reserve Bank ahead of report this week

27 Nov 2018

Investors' confidence in rental property providing the best investment return is fading relative to owner-occupier property returns according to the latest ASB Investor Confidence Report, coinciding with government changes relating to property moving ever closer. The report asks respondents where they think the best returns are, and as ASB’s chief economist Nick Tuffley explains, there is a noticeable cooling in the favourability of rental property compared to respondents’ own home.

Kiwi investor confidence rises before the latest market turmoil

26 Nov 2018

Confidence amongst Kiwi investors lifted over the third quarter, following a significant decrease in the June quarter.

The latest ASB Investor Confidence Report showed nett investor confidence, the difference between those who thought return on investment would improve in the year ahead and those who thought it would get worse, had risen from +16% to +19% in the three months to September.

ASB’s Jon Raby named CFO of the year at Deloitte Top 200

22 Nov 2018

Jon Raby has been awarded the title of chief financial officer of the year at a black tie gala for the Deloitte Top 200 Awards.

ASB making selfie ID a reality

21 Nov 2018

Confirming customer identity is now as easy as taking a selfie, with the ASB ID mobile app.

The biometric app allows customers to verify their identity by comparing a photo of themselves and a photo of their eligible drivers’ licence or passport, without having to go into a branch.

Summer breeze or summer squeeze?

19 Nov 2018

• New Zealand growth outlook is expected to hold steady
• Support stems from RBNZ keeping rates low until second half of 2020
• But fuel price pain could mean a Kiwi Christmas with a side of belt tightening 

ASB reduces one-year fixed home loan rate

13 Nov 2018

ASB has lowered its one-year fixed home loan rate by 24bps.

ASB's one-year fixed home loan rate (special) has reduced from 4.19% p.a. to 3.95% p.a., while the standard rate for the same term has reduced from 4.59% p.a. to 4.45% p.a.

ASB celebrating Clever Little Life Savers in latest ad campaign

12 Nov 2018

Almost half a million Kiwi kids have been taught life-saving first aid skills thanks to the ASB St John in Schools programme, and ASB is celebrating this achievement by putting children at the centre of its latest ad campaign.

Price expectations faltering

12 Nov 2018

• House price expectations fall, reversing the recent trend of increasing price expectations
• Fewer expecting interest rate increases ahead
• The proportion of respondents who think it’s a bad time to buy hits a five-year low

ASB makes New Zealand exporting history with first bank-led blockchain trade

02 Nov 2018

ASB in partnership with VerifyUnion has successfully launched this country's first bank blockchain single trade window. It comes after the platform was used by Kiwi meat exporter Greenlea Premier Meats to make a trade with a large Korean importer. The platform was used in parallel to the traditional trade process.

Thousands of dollars' worth of prizes up for grabs with ASB at Diwali

23 Oct 2018

ASB is inviting New Zealanders to hunt, snap and win at this year's Auckland Diwali festival with thousands of dollars' worth of prizes up for grabs, including a corporate box at Eden Park for a summer event.

ASB donates minute-for-minute to charity at ASB Auckland Marathon

09 Oct 2018

ASB staff will be getting out of the office and rolling up their sleeves for local charities and communities following this month's ASB Auckland Marathon.

ASB opens seven day bank branch in Tauranga city centre

03 Oct 2018

Bay of Plenty residents will be able to do their banking whenever they choose with the opening of a new ASB seven day branch in Tauranga tomorrow.

ASB celebrates its dedicated team of caring callers

01 Oct 2018

In celebration of International Day for Older Persons, ASB is highlighting the work of its caring callers team.

ASB partnering with Age Concern New Zealand to help prevent financial abuse

28 Sep 2018

With growing awareness around financial abuse, ASB is inviting New Zealanders to attend 'keeping you and your money safe' seminars to improve knowledge for older Kiwis on avoiding fraud and scams.

Outstanding value sees ASB take out inaugural Canstar KiwiSaver award

24 Sep 2018

ASB has been recognised for its strong performance being named the winner of the inaugural 2018 Canstar Outstanding Value KiwiSaver Scheme of the year award.

ASB customers help secure a win for Rush Digital

24 Sep 2018

Tech design company Rush Digital was celebrated at the Best Design Awards on the weekend, winning the User Experience Purple Pin award for their work in collaboration with ASB and the Starship Foundation.

ASB shines a spotlight on progressive Kiwi businesses in latest campaign

18 Sep 2018

Pic's Peanut Butter, Burger Burger, Craggy Range and Farmlands - they're businesses well-known across New Zealand, created by some inspirational, innovative, and passionate people. And ASB is celebrating their achievements by heroing their progress stories in their latest business banking campaign.

Otago climbs to top spot on the ASB Regional Economic Scoreboard

18 Sep 2018

• Otago is top dog this quarter, climbing three places to take out the top spot
• Hawke’s Bay and Manawatu/Whanganui regions were big movers, both jumping 10 places
• Horticulture continues to shine through, boosting Bay of Plenty, Hawke’s Bay and Gisborne

ASB invites Wellington rugby fans to take on the All Blacks

13 Sep 2018

Kei te pōwhiri atu a ASB ki ngā apataki o te Whutupōro o Pōneke kia parekura i te kapa Ōpango

ASB invites Wellington rugby fans to take on the All Blacks

New Director appointed - ASB Bank Limited

12 Sep 2018

ASB is pleased to announce that Dr Roderick Carr has been appointed as a director of ASB Bank Limited effective today. 

ASB helping Laura Stuart to the ASB Auckland Marathon start line

11 Sep 2018

Kei te āwhina a ASB kia tae atu a Laura Stuart ki te pae tīmatanga o te ASB Auckland Marathon

ASB helping Laura Stuart to the ASB Auckland Marathon start line

ASB gives Nelson fans the chance to take on the All Blacks

05 Sep 2018

As part of its support of the All Blacks, ASB is inviting fans to try their luck in a game of coin rugby against the boys in black this Friday.

KiwiSaver index lifts but knowledge lacking

04 Sep 2018

New Zealanders' knowledge of KiwiSaver has increased slightly in the last quarter, but remains low, an ASB survey highlights.

ASB Quarterly Economic Forecast August 2018

27 Aug 2018

ASB economists are clinging to their positive song sheet this quarter and once again urging the New Zealand business community to realise that, while yes there are some troubles, if we worry we'll make it double.

ASB Investor Confidence Survey Q2 2018

20 Aug 2018

Confidence amongst Kiwi investors continues to ease, with expectations around return on investment from term deposits contributing to the decline.

ASB Housing Confidence Survey August 2018

17 Aug 2018

House price expectations are proving slow to recover in the latest ASB Housing Confidence Survey. Price expectations may have rebounded back to pre-election levels, but they remain below recent highs.

Toy ambulance sets morph into real one for Napier

10 Aug 2018

New Zealanders have helped turn block-set toy ambulances and stations into a much-needed ambulance for the Napier community following ASB's successful St John Toy ambulance campaign.

New ambulance driving to the Bay thanks to lotto winner's support of ASB appeal

10 Aug 2018

The generosity of a Tauranga ASB customer who won Lotto last year means a new state-of-the-art ambulance has been unveiled by ASB and gifted to St John for use in Tauranga. 

ASB Annual Result 2018

08 Aug 2018

ASB Annual Result 2018

Queensgate branch relocates to temporary home

01 Aug 2018

Queensgate branch relocates to temporary home

ASB financial literacy programme GetWise reaches 800,000

30 Jul 2018

ASB financial literacy programme GetWise reaches 800,000

ASB's regional centre opens in Hamilton city centre

30 Jul 2018

ASB's regional centre opens in Hamilton city centre

ASB funding a custom-made racing wheelchair for a competitor

17 Jul 2018

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ASB gives Dunedinites the chance to take on the All Blacks

21 Jun 2018

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ASB gift Black Ferns a lasting memento at historic capping event

12 Jun 2018

ASB as proud partner of the world-champion Black Ferns is delighted to have been part of the inaugural capping event celebrating former players, who created history 20 years ago by coming home victorious from the first official Women’s Rugby World Cup.

ASB supports Wāhine Kākano - The New Zealand Young Women's Festival

24 May 2018

ASB is proud to support the inaugural Wāhine Kākano - The New Zealand Young Women's Festival, taking place this weekend at Auckland University of Technology (AUT).

ASB first bank in New Zealand to step out with Garmin Pay

22 May 2018

ASB has teamed up with global wearable device company Garmin to give ASB customers on-the-go the ability to make contactless purchases right from their wrist with a compatible Garmin smartwatch.

ASB helps marathon entrants run Fasta this year

14 May 2018

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Don't get 'smished' this weekend

11 May 2018

ASB is aware of a current SMS ('smishing') scam where people have been sent a text message pretending to be from the bank. The 'smishing' SMS contains a link that once clicked prompts the person to provide personal information and their Netcode.

Dedicated website provides students practical #CareersAdvice

02 May 2018

The ASB/KPMG Strategic Insights Panel has today announced its latest initiative #CareersAdvice, an online hub providing school leavers practical information to help advise their next steps in skills development.

ASB to make 'selfie' ID a reality

23 Apr 2018

Biometric technology a New Zealand banking first

ASB has announced it will launch a beta pilot of a biometric ASB ID mobile app at six of its south Auckland branches early next month.

ASB announces sponsorship of Black Ferns and Maori All Blacks

06 Apr 2018

ASB today announced a multi-year partnership with the Black Ferns and Maori All Blacks teams to sit alongside its existing All Blacks sponsorship, which has been extended until 2020.

ASB employs digital assistant

02 Mar 2018

Avatar powered by artificial intelligence an Australasian banking first

ASB has announced plans to launch Josie, a digital assistant designed to help ASB staff support small-to-medium (SME) business owners in New Zealand.

ASB removes fees for customers using other banks’ ATMs

20 Feb 2018

ASB customers are not charged for using ASB ATMs but currently incur a $1 fee for using another bank's ATM which banks in New Zealand charge each other. The cost of these fees will be absorbed by ASB.

"We support industry moves to eliminate this fee," says Russell Jones, ASB’s Executive General Manager for Retail Banking. 

"This change will benefit our customers and provide them with a greater level of freedom and flexibility to decide when and where to access their money."

The change is effective from 31 March 2018.

ASB delivers strong half year performance

07 Feb 2018

ASB today reported statutory net profit after taxation (NPAT) of $593 million for the six months ended 31 December 2017. This represents a 13% increase on the prior comparative period.

Roberto Bautista Agut and Joao Sousa smash for cash at Ronald McDonald House

08 Jan 2018

ASB Classic players Roberto Bautista Agut and Joao Sousa visited families at Ronald McDonald House in Auckland, raising money for Ronald McDonald House Charities New Zealand.

Agnieszka Radwańska surprises bride and groom at the ASB Classic

05 Jan 2018

WTA tennis champion Agnieszka Radwańska helped make dreams come true for a tennis-mad couple when she officiated their wedding on centre court at Auckland's ASB Tennis Arena on New Year’s Eve.

ASB announces Vittoria Shortt as new Chief Executive

15 Dec 2017

ASB Chairman Gavin Walker today announced the appointment of Vittoria Shortt as Chief Executive of ASB.

Ms Shortt will succeed retiring CEO Barbara Chapman and will commence her new role at ASB in early February 2018.

ASB’s South Island Regional Centre opens at The Crossing

14 Dec 2017

ASB’s South Island regional centre has moved back into Christchurch’s central city, opening the doors to its new home in The Crossing retail and hospitality precinct on 27 November 2017.

Game, set, matrimony at ASB Classic 2018

08 Dec 2017

ASB is giving two tennis fans the chance to win a match-made experience on the ASB Tennis Arena’s Centre Court. 

Toy ambulance campaign returns to help put another ambulance on New Zealand's roads

04 Dec 2017

Media release

ASB named New Zealand Bank of the Year

30 Nov 2017

ASB has been named New Zealand Bank of the Year for the fifth consecutive year by Financial Times-owned magazine The Banker.

New platform a ‘PLUS’ for SMEs

31 Oct 2017

ASB has launched a new mobile app that aims to save small business owners valuable hours in their day.

ASB announces new ways to pay with ‘Fitbit Pay’

17 Oct 2017

ASB has teamed up with global wearables brand Fitbit to offer payments on-the-go with Fitbit's new 'Ionic' smartwatch.

ASB donates defibrillator to 150-year-old Queenstown pharmacy

16 Oct 2017

Media release

ASB helps marathon entrants run Fasta this year

09 Oct 2017

Media release

ASB welcomes Te Whiri

06 Oct 2017

Media release

ASB Chief Executive Barbara Chapman announces intention to retire in 2018

02 Oct 2017

ASB has announced that Chief Executive Barbara Chapman intends to retire at Easter 2018. Ms Chapman has held the role at ASB since April 2011.

ASB KiwiSaver makes clean sweep in Canstar's annual KiwiSaver review

21 Sep 2017

ASB has been recognised for excellence in the funds management industry, achieving five-star ratings across all our KiwiSaver funds in the annual KiwiSaver review by independent ratings agency Canstar.

Changes for BankDirect

30 Aug 2017

ASB is removing its BankDirect brand, products and services and transitioning all customers to the equivalent ASB products.

ASB delivers strong full year performance

09 Aug 2017

ASB today reported statutory net profit after taxation (NPAT) of $1,069 million for the twelve months ended 30 June 2017.

Toy ambulances turn into a real one for Dunedin

08 Aug 2017

New Zealanders have helped turn block-set toy ambulances into a much-needed ambulance for the Dunedin community.

ASB invites Kiwis to participate in the Haier Big Hoot 2018

02 Aug 2017

ASB invites Kiwis to participate in the Haier Big Hoot 2018

ASB and the 2017 DHL New Zealand Lions series

20 Jul 2017

Media release

ASB Home Central empowers customers to take charge of their home loan

17 Jul 2017

ASB has created a digital tool to enable customers to view and manage their home loan(s) in one interactive dashboard.

ASB co-authors 2017 Maui Rau report

05 Jul 2017

Media release

ASB announces sponsorship of the Lions series

12 Apr 2017

ASB is proud to be an official sponsor of the 2017 DHL New Zealand Lions Series which will be played across New Zealand.

ASB supports St John Annual Appeal

06 Apr 2017

ASB is proud to support St John’s Annual Appeal month throughout April. 

ASB supporting ASB Polyfest for 33 years

16 Mar 2017

ASB is proud to celebrate 33 years of support for the ASB Polyfest this year.

ASB appoints Simon Tong as Executive General Manager, Technology, Innovation and Payments

09 Mar 2017

ASB has announced the appointment of Simon Tong to the role of Executive General Manager Technology, Innovation and Payments. This key position reports directly to Chief Executive Barbara Chapman and is part of ASB’s executive leadership team.

ASB supports Women in Sport Ngā Wāhine Hākinakina o Aotearoa launch

08 Mar 2017

ASB is proud to support the launch of Women in Sport Ngā Wāhine Hākinakina o Aotearoa (WISPA) – New Zealand’s first national advocacy entity for women in sport.

ASB posts solid first-half profit

15 Feb 2017

ASB today reported statutory net profit after taxation (NPAT) of $525 million for the six months ended 31 December 2016. This represents an 11% increase on the prior comparative period.

ASB gets verified Mainland China WeChat account

19 Jan 2017

ASB has launched an official Mainland China profile on Chinese social network WeChat, allowing Chinese customers, here and in China, to have mobile interaction with ASB.

Ronald McDonald House Charities receives more than $34,000 from the ASB Classic

16 Jan 2017

Jack Sock and Lauren Davis aren’t the only winners to emerge from the 2017 ASB Classic. Through the ASB Rally for Charity initiative, and additional fundraising efforts, the tennis tournament generated $34,000 for Ronald McDonald House Charities New Zealand.

Charity tennis match-up raises more than $65,000 for Kaikoura rebuild

01 Jan 2017

A charity match-up with tennis superstars Serena and Venus Williams and All Black brothers Julian and Ardie Savea raised more than $65,000 for Kaikoura earthquake recovery efforts.

ASB: New Zealand Bank of the Year four years running

08 Dec 2016

ASB has been named New Zealand Bank of the Year for the fourth consecutive year by Financial Times-owned magazine The Banker.

ASB appoints new senior executive to lead its retail business

06 Dec 2016

ASB has appointed Russell Jones to the role of Executive General Manager Retail Banking, on the Bank’s executive leadership team.

ASB earthquake special assistance package

17 Nov 2016

ASB has launched a special emergency assistance package for customers impacted by the South Island earthquakes of 14 November.

Sustainability comes out on top at 2016 ASB Bright Sparks

04 Nov 2016

A  South Island teenager and an Auckland-based student have won supreme innovator titles at the 2016 ASB Bright Sparks awards announced at the ASB Cube in Wynyard Quarter on November 1.

Vertical take-off for ASB Visa Light

04 Nov 2016

ASB has issued a vertical challenge to the credit card market with its new market-leading, low rate credit card ASB Visa Light.

Clever Kash arrives to trumpet the magic of saving

26 Oct 2016

The first herd of elephant-shaped cashless money boxes are making their way into Kiwi homes as part of ASB’s investment to inspire Kiwi kids to save and learn about money.

ASB St John in Schools programme

12 Sep 2016

ASB is pleased to announce its sponsorship of the new-look ASB St John in Schools basic first aid programme in which Kiwi kids learn life-saving skills and the confidence to take action in an emergency.

ASB term deposit campaign raises $100k for Ronald McDonald House Charities New Zealand

09 Sep 2016

ASB and its customers have donated $100,000 to Ronald McDonald House Charities® New Zealand, with the money going towards 714 additional nights’ accommodation for families with children in hospital.  

Aegis signs Bank of China NZ as wealth platform client

09 Sep 2016

Aegis, the ASB-owned investment platform, is pleased to announce it has agreed terms with Bank of China NZ (BOCNZ) to provide the platform to support its wealth solutions business.

ASB lowers variable home loan rate and raises key term deposit rate

11 Aug 2016

ASB has responded to the RBNZ's Official Cash Rate decision by reducing interest rates for home lending.

ASB granted MIS licence

04 Jul 2016

ASB Group Investments has been granted its Managed Investment Scheme (MIS) licence by the Financial Markets Authority (FMA).

ASB powering the New Zealand Rugby Awards

04 Jul 2016

ASB is proud to be the new sponsor of the New Zealand Rugby Awards, a celebration of success and achievement across the sport.