ASB Bank
ASB Bank Limited is one of New Zealand’s largest employers and taxpayers with about 5,500 staff, 85 branches and 230 ATMs nationwide. It offers a comprehensive range of financial products for retail, business and corporate customers including personal and home loans, car loans, business loans, Visa debit and credit cards, everyday banking accounts, KiwiSaver scheme, insurance, mobile and online banking as well as term investments, share trading, expense and cash management, banking for self-employed, small business and rural banking, plant, equipment and vehicle finance, foreign exchange, international payments and more. The company was established as the Auckland Savings Bank in 1847. Today, it is one of the biggest providers of financial and insurance services in New Zealand. ASB was the world’s first bank to enable mobile payments and digital moneybox for kids. It is also the first bank in New Zealand to introduce seven day branches across the nation. BankDirect, a division of ASB, is the first online bank in the country opened in 1997. ASB Bank operates as a wholly-owned subsidiary of Commonwealth Bank of Australia. For the year ended 30 June 2023, ASB Group reported $126.9 billion in total assets, $108 billion in advances to customers, $89.7 billion in deposits and $10.7 billion in shareholders’ equity. Net profit after tax was $1.559 billion.
Subsidiaries:
BankDirect
ASB Securities
ASB Group Investments Ltd
Long-term Credit Ratings:
Moody's: A1
Fitch: A+
Standard & Poor's: AA-
Ratings at January 2024
Headquarters address:
Level 2, ASB North Wharf
12 Jellicoe Street
Auckland Central, Auckland 1010
New Zealand
Website: www.asb.co.nz
Phone number: 64 9306 3000
General enquiries: 0800 803 804
Hours: Monday - Friday, 8:00 am - 8:00 pm
Saturday, Sunday, public holidays, 8:30 am - 5:00 pm