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11 Sep 2024 11:29
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      Home > News > Business

    ASB has recorded a 10 percent drop in annual profits

    ASB has recorded a 10 percent drop in annual profits


    It's reporting an after tax cash net profit of 1364-million dollars in the year to June, down 149 million annually.

    Home, business and rural lending all grew one percent during that time.

    About 100 million dollars has been spent on fraud and scam protection systems and cyber security.

    The bank expects to spend at least the same in the year ahead.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     11 Sep: The Prime Minister thinks Wellington has a great future - but needs to focus
     11 Sep: Shane Jones says the country's electricity gentailers hold too much power, and that needs to change
     11 Sep: Another major blow for the central North Island economy
     11 Sep: The closure of two central North Island mills may be as much about falling returns, as rising costs
     10 Sep: A devastating blow for more than 200 workers - as two North Island mills confirm closure
     10 Sep: More evidence of the scale of the winter energy shortage
     10 Sep: Rating agencies and Africa: the absence of people on the ground contributes to bias against the continent – analyst
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    The Prime Minister thinks Wellington has a great future - but needs to focus More...


     Today's News

    		 National:
    No-sleep challenge: the dangers of sleep deprivation 11:17

     International:
    The arrest of Apollo Quiboloy of the Kingdom of Jesus Christ church changes the political landscape of the Philippines 11:17

     Soccer:
    An curiously-timed announcement for the United States men's football team in the lead-up to their international friendly kicking off against the All Whites 11:07

     Christchurch:
    A warning for heavy vehicles travelling through State Highway 1 in south Canterbury this morning, after a fatal head-on crash north of the Waimate turn off 10:57

     Business:
    The Prime Minister thinks Wellington has a great future - but needs to focus 10:47

     Motoring:
    Gondola-like vehicles could soon be the preferred public transport in our main cities 10:27

     National:
    The new politics of blame: why Donald Trump craves your rage – and three ways to resist the game 10:17

     Politics:
    Social media is like sex – young people need education, not unrealistic bans 10:07

     Law and Order:
    Lucy Letby was convicted of murdering seven babies, but some people still believe she is innocent 10:07

     Soccer:
    Harry Kane's celebrated 100 football caps for England in style 10:07

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