ASB wants less dairy debt, pushes repayments

ASB wants less dairy debt, pushes repayments
Jenny Ruth
ASB Bank is actively reducing its exposure to dairy lending by "definitely encouraging" borrowers to take advantage of high commodity prices and low interest rates to pay down debt, chief executive Vittoria Shortt said.The latest results from its parent bank, Commonwealth Bank of Australia, show the group's New Zealand dairy book fell to A$7.3 billion at Dec. 31 from A$7.7 billion a year earlier."When we've got record commodity prices, you typically see farmers paying down debt," Shortt said."We've stood by our customers when they've gone throu...

More Finance

FMA gets eligible investor certification clarity
Finance

FMA gets eligible investor certification clarity

High Court Justice Sally Fitzgerald released a 45-page judgment on Thursday.

Sharesies’ app affected by more than hour-long outage
Finance

Sharesies’ app affected by more than hour-long outage

Sharesies portfolio app was down for more than an hour, frustrating US-focused investors.

Nothing to see here – Aussie regulator slams ANZ
Finance

Stock & Trade: Nothing to see here – Aussie regulator slams ANZ

FMA confirms eight complaints over NZ bond trading, but no action was taken.

Life insurance market shrinks
Finance Risky Business

Life insurance market shrinks

Foreign firms dominate as affordability, tax and access barriers stymie growth.

Michael Neilson 18 Sep 2025