Mortgage News

Another record profit for a bank

Wednesday 13th of August 2014

It reported a record statutory net profit for the 12 months to June 30, $806 million, which is 14% higher than last year.

Key numbers in the result include cash net profit rising 11% on the previous year to $776 million; net interest margin increasing 0.13% to 2.38% and the level of impaired loans remained at $56 million - the same as last year.

ASB's lending growth came from the...

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