January 31, 2015 8:15 PM ET


Company Overview of ASB Bank Limited

Company Overview

ASB Bank Limited, together with its subsidiaries, provides various banking and other financial services in New Zealand. It offers various personal banking services, such as transaction accounts, Visa debit cards, savings accounts, kids accounts, and school leavers and graduates accounts; home loans; credit cards; personal loans; investment advice, managed funds, retirement schemes, and share trading; foreign exchange services and foreign currency accounts; and home, contents, motor vehicle, life and loan protection, and travel insurance products. The company also provides a range of business banking services comprising business accounts, Visa credit cards, business insurance products, IT lea...

ASB North Wharf

12 Jellicoe Street

Auckland Central

Auckland,  1010

New Zealand

Founded in 1847

Key Executives for ASB Bank Limited

Chief Executive Officer
Age: 54
Chief Financial Officer
Executive General Manager of People and Operations
General Manager of Corporate Banking
Head of Group Product
Compensation as of Fiscal Year 2014.

ASB Bank Limited Key Developments

ASB Bank Limited Appoints Michael Spaans as Director Effective January 19, 2015

ASB Bank Limited announced that Mr. Michael Spaans has been appointed as a director effective January 19, 2015.

ASB Bank Limited Reports Unaudited Group Earnings Results for the Quarter Ended September 30, 2014

ASB Bank Limited reported unaudited group earnings results for the quarter ended September 30, 2014. For the quarter, on group basis, the company reported interest income of NZD 1,002 million compared to interest income of NZD 886 million for the same period a year ago. Net interest earnings were NZD 420 million compared to NZD 380 million last year. Total operating income was NZD 522 million compared to NZD 485 million last year. Net profit before tax was NZD 310 million compared to NZD 283 million last year. Net profit after tax was NZD 223 million compared to NZD 204 million last year. Net cash flows from operating activities were NZD 1,254 million compared to NZD 202 million last year.

ASB Bank Limited Announces the Resignation of Robert Jesudason as a Director

ASB Bank Limited announced the resignation of Mr. Robert Jesudason as a director of company effective October 31, 2014.

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