Economy

ASB lending growth slowed sharply in second half

Jenny Ruth
Thu, 13 Aug 2020

ASB lending growth slowed sharply in second half
Jenny Ruth
Thu, 13 Aug 2020
ASB Bank's lending growth slowed dramatically in the second half of its financial year, but chief executive Vittoria Shortt said that's not because her bank is turning loans down. The bank's results for the year ended June show lending growth in the second half slowed to 1 percent from 4.9 percent in the first half. "There are some people who have approached us to borrow more and we haven't been able to support them, but that has been very few and far between," Shortt told BusinessDesk. "When we can't help a customer, it really comes d...

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