Litigation costs a factor as ASB net profit drops to $1.3b
2 sources·Updated August 12, 2026
Covered by 2 sources
- NZ Herald Business·3h agoASB profit drops to $1.4b as class action settlement lifts costs
Impairment losses rose to $78m from $60m a year earlier.
Read at NZ Herald Business → - RNZ Business NZ·5h agoLitigation costs a factor as ASB net profit drops to $1.3b
ASB is the first of the big four Australian-owned banks to report its New Zealand result.
Read at RNZ Business NZ →
