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Why Did ASB’s Profit Dip Despite Lending Growth and Housing Investments?
9:01am on Wednesday 13th of August, 2025 AEST
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Financial Services
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Why Did ASB’s Profit Dip Despite Lending Growth and Housing Investments?
9:01am on Wednesday 13th of August, 2025 AEST
Key Points
Cash net profit after tax down 1% to NZD 1.35 billion
Home lending up 7%, business and rural lending up 2%
Operating expenses rise 10% due to tech and cybercrime investments
Over NZD 288 million committed to social, affordable, and Māori housing
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Commonwealth Bank of Australia (ASX:CBA)
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