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ASB loses market share in deposits, loans; asset quality worsens

Thursday 10th of February 2011

Its market share stood at 21.2% at the end of December.

The bank, however, managed to increase its deposit book by 3% to around $31 billion compared to the year before but it's unclear if retail deposits saw an increase in the recent quarter. The bank said deposit margins remained under pressure in an extremely competitive market.

During the recent three month period, ASB was most...

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