Our investments section covers wealth management, investing and KiwiSaver.
When it launched the so-called Positive Impact Fund in 2019, ASB took a bit of stick. At the time, several KiwiSaver competitors and others in the then-nascent environmental, social, and governance (E
Arvida Group is a developer, owner and operator of retirement villages and aged-care facilities across New Zealand. The company has 32 sites located throughout the country servicing over 4,500 residen
The ASB Showgrounds went into liquidation on June 22 owing more than $4.8 million, the first liquidator's report shows. Liquidator Paul Vlasic of Rodgers Reidy said the showground's custodians, the Au
ASB is hiking mortgage rates again, targeting terms proving popular among borrowers. The bank is lifting its one-year and 18-month rates by 20 basis points to 7.45% and 7.15% respectively. Meanwhile,.
ASB Bank says it has sold its investment administration and custody business Aegis to MMC, a specialist outsourcing and investment administration business based in Auckland, for an undisclosed sum. Th
Business sentiment is improving but it hasn't yet tipped over into appetite for borrowing, according to ASB Bank chief executive Vittoria Shortt. "I think the sentiment is changing but we haven't yet.
ASB has created a $500 million housing fund to support lending to affordable, social and Māori housing developments. In a statement released on Friday, the bank said the Accelerated Housing Fund woul
ASB Bank grew both its business and mortgage lending faster than total bank lending in the year ended June and its net interest margin (NIM) fattened by 18 basis points in the second half of the year.
AgriZeroNZ has committed $191 million to reduce agricultural emissions but is pushing hard to allow those solutions to be used in New Zealand. AgriZeroNZ was established in February 2023. Its newly re
Most of ASB Bank's 39% jump in annual net profit reflected writebacks of covid-related provisioning but the bank is keeping provisioning at elevated levels in case there's further disruption ahead. "W
ASB Bank's chief executive is walking a fine line between crowing about how many first-home buyers it helped in the second half of 2020 while stressing her bank had tried to "moderate" the raging hous
By Paul McBeth Oct. 27 (BusinessDesk) - New Plymouth-based freight and logistics group Transport Investments Ltd plans to join the NZX through a backdoor listing via Bethunes Investment in a deal valu
CDL Investments New Zealand Limited is an Auckland-headquartered land development company which undertakes development of land into residential subdivisions.The company has its origins in the former c
$0.23 Open $0.22 -0.01 -4.26% January 29, 2025, 5.00pm Today 5D 1M 1Y 2Y Key announcement - click for info Created with Highcharts 8.2.2Apr '24Jul '24Oct '24Jan '250.20.30.250.35 20 minute delayed inf
New Zealanders are feeling more positive about the housing market but aren't expecting a swift recovery, ASB's latest Housing Confidence Survey shows. It indicated 24% of respondents expect gains co
ASB chief executive Vittoria Shortt is welcoming the opportunity to again be quizzed by politicians worried about the lack of competition in the banking sector, saying it would be good to “get the f
By Suze Metherell Nov. 3 (BusinessDesk) - Robert Jesudason, an executive at Commonwealth Bank Australia, has resigned from the board of the Australian bank's New Zealand arm, ASB Bank. Jesudason resig
Vittoria Shortt has been with the ASB Bank's parent company, the Commonwealth Bank of Australia, for 24 years. She lives with her husband, Tony, and has two children, Ben and Will. I grew up in Auck
By Gavin Evans May 21 (BusinessDesk) - Commonwealth Bank of Australia-owned ASB is considering selling its Aegis investment administration business. The firm, started by Sovereign Insurance and 1996 a
If there ever was a "Chinese wall" between government-linked investment funds and politicians, a coalition of 17 US states has just demolished that illusion. In a sledgehammer letter sent to some of
The investment fund set up to help prepay the eventual Treaty of Waitangi settlement with Ngāpuhi, Tupu Tonu, has committed almost a third of its $150 million as it approaches its second anniversary.
The Financial Markets Authority has a date, a very important date. On May 1, the regulator will appear in court to argue a case against nobody in particular and everybody in general about the obligati
NZ Automotive Investments Limited Ordinary Shares Company Details Registered Office: 102 Mays Road, Onehunga, Auckland 1061 Postal Address: 102 Mays Road, Onehunga, Auckland 1061 Telephone: 09-869-333
Stuff has sold its fledgling broadband business, Stuff Fibre, to Australian-owned telco Vocus and confirmed the sale of its stake in power retailer Energyclubnz to management as it turns its atten
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