Latest news with #ASBBank
NZ Herald
6 days ago
- Entertainment
- NZ Herald
One of Napier's most prominent art deco buildings gets facelift
One of Napier's most prominent art deco buildings has received a facelift. The ASB Bank building in Napier's CBD has received a fresh paint job and had exterior brass decorations and Māori artwork restored. The building's architecture and features annually attracts thousands of photographs
Scoop
6 days ago
- Business
- Scoop
ASB Drops Mortgage Rates For The Seventh Time This Year
Press Release – ASB Bank 'Whether youre looking to fix or float, todays drops to our fixed lending rates across short and medium terms, along with our lower variable rates announced last week, give New Zealanders a range of appealing options to consider. ASB has today reduced several of its fixed home lending rates by up to 20 basis points, marking the bank's seventh fixed rate mortgage drop in 2025. ASB has also lowered some of its term deposit rates by between 5 and 20 basis points. ASB's Executive General Manager Personal Banking Adam Boyd says 'Interest rates remain a hot topic of conversation, with homeowners and first home buyers watching the market closely. Whether you're looking to fix or float, today's drops to our fixed lending rates across short and medium terms, along with our lower variable rates announced last week, give New Zealanders a range of appealing options to consider.' All rate decreases are effective immediately. Content Sourced from Original url
RNZ News
7 days ago
- Business
- RNZ News
Trump tariffs worse for NZ businesses than Covid-19 pandemic
US President Donald Trump delivers remarks on reciprocal tariffs during an event in the Rose Garden at the White House in Washington, DC, on April 2, 2025. Photo: AFP / Brendan Smialowski Two-thirds of Kiwi businesses think United States tariffs would have a more severe global impact than Covid-19 and the Global Financial Crisis over the next 12 months, with nearly 80 percent of exporters most concerned, a survey indicates. However, the Talbot Mills Research survey of more than 300 business leaders commissioned by ASB Bank indicates a quarter saw some opportunity in the tariffs. "The current market volatility and geopolitical tension may be our 'new normal', but we've been in positions of global uncertainty before and the research shows Kiwi businesses are already thinking about actions they can take to make their business more resilient and generate returns," ASB's executive general manager business banking Rebecca James said. "It's clear businesses view any proposed US tariffs as troubling, but it's pleasing that nearly a quarter of respondents see opportunity in tariffs too. New Zealand has a reputation on the world stage for ingenuity and a can-do attitude, and we want businesses to know there are things they can do to future-proof and manage risks in turbulent times." Donald Trump holds a chart with each country's tariffs, although some have been paused or changed since the announcement on 2 April, 2025. Photo: AFP / Brendan Smialowski President Donald Trump's America First trade policy is aimed at protecting US industries and addressing the trade deficit through tariffs. While tariffs were set at 10 percent for most countries, including New Zealand, there were some notable outliers including Chinese origin goods. Negotiations between China and the US were scheduled to begin this week, while the 10 percent baseline was paused for a 90-day period. Given the uncertainty, James said businesses were shifting their focus to closer to home. "The research shows a pendulum swing when it comes to trading partners, with businesses redirecting their attention to our close neighbours. "Location seems to be king, with our customers prioritising relationships much closer to home. "We're also seeing exporters maintaining high standards and doubling down on premium products to give us an edge on the global stage, even where it costs more for consumers." She said banks were seen as a critical support function for 39 percent of respondents, specifically for working capital support (31 percent), risk advice (26 percent) and trade finance (24 percent). "ASB has provided $4.6 billion to Kiwi businesses over the past five years including considerable support to companies looking to expand and navigate opportunities abroad. "We encourage companies doing business overseas to speak with their banker and engage with a trade specialist to ensure your business is in the strongest position." Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
RNZ News
7 days ago
- Business
- RNZ News
Trump tariffs worse for businesses than Covid-19 pandemic
US President Donald Trump delivers remarks on reciprocal tariffs during an event in the Rose Garden at the White House in Washington, DC, on April 2, 2025. Photo: AFP / Brendan Smialowski Two-thirds of businesses think United States tariffs would have a more severe global impact than Covid-19 and the Global Financial Crisis over the next 12 months, with nearly 80 percent of exporters most concerned, a survey indicates. However, the Talbot Mills Research survey of more than 300 business leaders commissioned by ASB Bank indicates a quarter saw some opportunity in the tariffs. "The current market volatility and geopolitical tension may be our 'new normal', but we've been in positions of global uncertainty before and the research shows Kiwi businesses are already thinking about actions they can take to make their business more resilient and generate returns," ASB's executive general manager business banking Rebecca James said. "It's clear businesses view any proposed US tariffs as troubling, but it's pleasing that nearly a quarter of respondents see opportunity in tariffs too. New Zealand has a reputation on the world stage for ingenuity and a can-do attitude, and we want businesses to know there are things they can do to future-proof and manage risks in turbulent times." Donald Trump holds a chart with each country's tariffs, although some have been paused or changed since the announcement on 2 April, 2025. Photo: AFP / Brendan Smialowski President Donald Trump's America First trade policy is aimed at protecting US industries and addressing the trade deficit through tariffs. While tariffs were set at 10 percent for most countries, including New Zealand, there were some notable outliers including Chinese origin goods. Negotiations between China and the US were scheduled to begin this week, while the 10 percent baseline was paused for a 90-day period. Given the uncertainty, James said businesses were shifting their focus to closer to home. "The research shows a pendulum swing when it comes to trading partners, with businesses redirecting their attention to our close neighbours. "Location seems to be king, with our customers prioritising relationships much closer to home. "We're also seeing exporters maintaining high standards and doubling down on premium products to give us an edge on the global stage, even where it costs more for consumers." She said banks were seen as a critical support function for 39 percent of respondents, specifically for working capital support (31 percent), risk advice (26 percent) and trade finance (24 percent). "ASB has provided $4.6 billion to Kiwi businesses over the past five years including considerable support to companies looking to expand and navigate opportunities abroad. "We encourage companies doing business overseas to speak with their banker and engage with a trade specialist to ensure your business is in the strongest position." Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Scoop
7 days ago
- Business
- Scoop
ASB Drops Mortgage Rates For The Seventh Time This Year
ASB has today reduced several of its fixed home lending rates by up to 20 basis points, marking the bank's seventh fixed rate mortgage drop in 2025. ASB has also lowered some of its term deposit rates by between 5 and 20 basis points. ASB's Executive General Manager Personal Banking Adam Boyd says 'Interest rates remain a hot topic of conversation, with homeowners and first home buyers watching the market closely. Whether you're looking to fix or float, today's drops to our fixed lending rates across short and medium terms, along with our lower variable rates announced last week, give New Zealanders a range of appealing options to consider.' All rate decreases are effective immediately. Fixed home lending term Previous rate New rate Rate decrease 6-month 5.59% 5.45% - 14 bps 1-year 4.99% 4.95% - 4 bps 18-month 4.99% 4.89% - 10 bps 2-year 4.99% 4.95% - 4 bps 3-year 5.35% 5.15% - 20 bps © Scoop Media ASB Bank Helping you get one step ahead. In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today. ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance. ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want. We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.
