ASB's profit is flat-lining, at the same time it's surging for its Australian parent company
ASB's profit is flat-lining, at the same time it's surging for its Australian parent company
13 August 2025
Annual statutory net profit is down 0.4 percent.
That's alongside a seven-percent rise in home lending, and a two percent lift in business and rural lending.
Across the Tasman, parent company Commonwealth Bank -- Australia's largest company -- has has a seven percent rise in profit.
It's pushing the Australian sharemarket to a new record high. also helped by another cut to Australia's OCR.
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