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Auckland house prices not a concern: ASB boss
Wednesday 10th of August 2016
Growth in its lending book has helped ASB report a sixth-straight annual profit increase while net interest margins have been squeezed.
The Australian-owned bank reported annual net profit after tax was up 6% to $913 million, for the 12 months to June 30 compared to $859 million last year.
Overall loans were up by 10% to $72.08 billion. ASB has around 21% market share in home lo...
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