• Vittoria Short: ASB CEO on the company's half-year profit dropping by 11 percent

  • Feb 14 2024
  • Duración: 6 m
  • Podcast

Vittoria Short: ASB CEO on the company's half-year profit dropping by 11 percent Por arte de portada

Vittoria Short: ASB CEO on the company's half-year profit dropping by 11 percent

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  • ASB's CEO isn't surprised by today's reduced half-year profit.

    The bank has reported a 11 percent fall, due to slower lending, reduced margins and higher costs.

    CEO Vittoria Short says their profitability is linked to New Zealand's economy.

    "We've seen a slowing in growth as headwinds impact everything from inflation that's feeding through to businesses and homes- and also the rising interest rate environment. That's really contributed to the decline."

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