ASB Bank Ltd - Company Profile
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ASB Bank Ltd (ASB Bank), a subsidiary of Commonwealth Bank of Australia, is a provider of accounts and cards, loans and mortgages, investments, insurance solutions, international and foreign exchange, and business and rural banking solutions. The bank’s lending portfolio comprises loans for home, business, and personal needs. Investment solutions consist of investment advisory, managed funds, property investments, retirement accounts, term investments, and share trading. Insurance coverage solutions include life insurance, non-life insurance, travel insurance, and business insurance. Offerings under International and Foreign Exchange comprise foreign exchange management, trade finance, and bank guarantee. Business and rural banking incorporate small business banking, rural banking, and commercial and corporate banking solutions. ASB is headquartered in Auckland, New Zealand.
Headquarters
New Zealand
Address
Level 2, ASB North Wharf, 12 Jellicoe Street, Auckland, 1010
Website
www.asb.co.nz
Telephone
64 800 803804
No of Employees
5,900
Industry
Financial Services
Revenue (2023)
$4.0B
ASB Bank Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Account: | Payment Solutions |
| Savings | Cash Management |
| Cards: | Expense Management |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | New Products/Services | In December, the bank launched a new fund supporting New Zealand's clean tech industry. |
| 2023 | New Products/Services | In November, the bank launched two new Aggressive Funds. |
| 2023 | Contracts/Agreements | In February, the bank collaborated with Rewiring Aotearoa to explore possibilities to migrate Kiwi households to low-cost, low-emissions power. |
Competitor Comparison
| Key Parameters | ASB Bank Ltd | ANZ Bank New Zealand Ltd | Westpac New Zealand Ltd | Bank of New Zealand | Kiwibank Ltd |
|---|---|---|---|---|---|
| Headquarters | New Zealand | New Zealand | New Zealand | New Zealand | New Zealand |
| City | Auckland | Auckland | Auckland | Auckland City | Wellington City |
| State/Province | Auckland | Auckland | Auckland | Auckland | Wellington |
| No. of Employees | 5,900 | - | 5,000 | - | 1,000 |
| Entity Type | Private | Private | Private | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Dame Therese Maria Walsh | Chairman | Executive Board | 2021 | - |
| Vittoria Shortt | Managing Director; Director; Chief Executive Officer | Executive Board | 2018 | - |
| Carl Ferguson | Chief Financial Officer | Senior Management | 2023 | - |
| Amie Nilsson | Chief Risk Officer | Senior Management | 2023 | - |
| Lohit Kalburgi | Chief Transformation Officer | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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