Mortgage News

ASB's profit and mortgage book grow

Monday 14th of September 2009

ASB's latest general disclosure statement shows its net profit rose 7.2% to $89 million in the three months ended June despite its charges against profit rising by $91 million compared with $22 million in the same quarter a year earlier.

The bank's net profit for the year ended June was down 17.5% at $425 million with charges for bad loans rising to $238 million from $40 million the prev...

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