Latest from ASB Bank Limited

Home loan demand drives bumper profits

New Zealand's banks had a bumper 2014, with home loan demand amid a booming property market helping to boost their combined profit by more than 20 per cent to a record $4.8 billion.

Bank settlements top $24m

A probe into how three banks marketed interest rate swaps to farmers will see up to $24.2 million go back to rural customers and their communities, with Westpac following ANZ and ASB and settling with the Commerce Commission.

Hamish Fletcher: Out-of-court deals feel like a cop-out

Out-of-court settlements may be cheaper, quicker and more certain than seeing a case through - but they can often feel like a cop-out.

More banks slash loan rates

Two of New Zealand's biggest lenders have slashed mortgage interest rates, giving impetus to price rise expectations in the hot housing market.

One person injured during bank robbery

A member of the public has been hospitalised after being injured during an altercation at a bank robbery in Auckland today, police say.

ASB profits up 7pc to record $444m

ASB misled court in 'half-truth case'

Two fraud victims’ $3.8 million lawsuit against ASB can go ahead without the pair needing to pay $60,000 upfront after a judge found the bank had misled the court.

Banks need to lift their game: report

Banks will need to "reinvent themselves" if they want to keep increasing shareholder returns, according to a new report.

In the red over bank error

A business owner who was mistakenly given thousands of dollars by his bank later had his account put into the red without warning.

Growth beckons for busy parents

Summer holidays are coming but Eli and Wyndi Tagi won't be expecting to switch off their phones.

Generous banks lure in clients

Banks are offering cash, TVs and furniture vouchers to entice customers into taking out home loans - but experts warn consumers not to be taken in.

Tennis: Venus Williams returns for ASB Classic

One of the biggest names in world sport, Venus Williams, will return for the 2015 ASB Classic as part of the NZ Festival of Tennis.

Developments keep retail world exciting

Chris Wilkinson was just 19 when he started in business, establishing what would become a chain of five one-hour photo stores around Wellington.

ASB profit hits $806m high

An improving economy helped boost ASB's annual net profit by 14 per cent to a record $806 million, but the bank's chief executive, Barbara Chapman, says bad-debt expenses are likely to begin trending upwards from their present low levels.

ASB banks record $806m profit

An improving economy and favourable funding conditions helped ASB Bank boost its annual statutory net profit by 14pc to a record $806 million.

Westpac nears release of 3D banking app

Westpac New Zealand says it is gearing up to release a world first banking app that will allow customers to view their account details in 3D.