Aussie owner reveals mystery $35.5m remediation provision for ASB customers

An ASB payout four times bigger than a previous provision popped up on the ASX. (Image: NZME)

Wed, 06 Aug 2025

ASB Bank parent Commonwealth Bank of Australia has disclosed a material provision of A$33 million of "costs related to the remediation of ASB customers" ahead of reporting its full year results next week.Citing a media blackout leading into Wednesday’s results, CBA declined to provide further detail to BusinessDesk, other than to confirm the amount reported was in AUD, before referring questions to its subsidiary."ASB has provisioned for costs associated with customer remediation. While we are in the early stages of reviewi...

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