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Home > Heather du Plessis-Allan Drive > Vittoria Shortt: ASB CEO on the bank's 10 percent increase in half year profits during 'challenging' financial time
Podcast: Heather du Plessis-Allan Drive
Episode:

Vittoria Shortt: ASB CEO on the bank's 10 percent increase in half year profits during 'challenging' financial time
Category: News & Politics
Duration: 00:02:58
Publish Date: 2023-02-15 06:36:36
Description:

ASB is reporting a 10 percent increase in half year profits for the six months to December 2022.

The latest half-year financial report states that the bank has made an $840 million net profit.

CEO Vittoria Shortt acknowledged that ASB's increase in earnings came at a challenging time for Kiwi households, thanks to rising interest rates and the increased cost of living.

Vittoria Shortt says this recent profit increase was driven by an increase in lending across both their business and personal customers, and that they've proceeded more deposits this period.

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