Mortgage News

Room to move within rules: ASB

Wednesday 12th of February 2014

ASB today released its half-year result for the six months ended December 31.

It reported a record net profit after tax of $416 million.

The bank's loan book grew from $55.5 billion to $59.3 billion and there was growth in loans of 7% since December 2012. But Barbara Chapman said the fastest loan growth was in commercial and rural lending, which was increasing above market pace.

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