ASB Bank Ltd - Company Profile
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ASB Bank Ltd (ASB) is a provider of a wide range of banking and non-banking products and services to individual, corporate, and rural clients. Business Performance of Personal Banking segment, net interest margin and robust adequate capital are a few of its strengths, even as decline in non-interest income could be cause for concern. Strategic initiatives, growing market for payment channel in New Zealand, and the emergence of FinTech companies could offer ample growth opportunities to the bank. However, the emergence of neobanks, risks related to online identity theft and hacking, and intense competition could pose various challenges to the bank.
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