Mortgage News

ASB's profit, mortgage market share dips

Thursday 18th of March 2010

ASB's December quarter general disclosure statement (GDS) showed net profit slipped 20.8% to $144 million in the three months ended December compared with the same three months a year earlier, mainly because other income, which includes fees and fair value gains and losses on trading assets, fell 31.4% to $118 million.

Net interest income was up 1.6% to $247 million in the three months.<...

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