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ASB Bank

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ASB launched pago in November 2006, which is an electronic payment service that allows anyone with a New Zealand bank account to send cleared funds via mobile phone or the internet to another person or participating retailer in real-time. The technology has not succeeded in the way ASB hoped, with
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character (played by American actor Steve Mellor), a bumbling American banker sent to New Zealand to find out "what makes that bank different". The ads were popular over an 11-year period. However, the campaign ended in 2010 as the bank moved to a new advertising agency from
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In early July 2020, ASB announced that it would be closing nine branches while 25 branches would be moving to three day weeks due to a shift in demand for online services. The company will also hire 150 additional staff to provide specialist online support.
599:. The Trust has distributed more than $ 745 million since 1988, mostly giving grants to the arts, sport, recreation, environment, heritage, health and social services areas, as well as funding capital projects in local communities around New Zealand. 428:. In 2000, Commonwealth Bank bought the remaining 25% of ASB's shares from the Trust. In 2005 the bank changed the ASB Bank brand to ASB to reflect the more integrated financial services provider that it had become. 399:
During the 1980s the association of savings banks amalgamated the local savings banks throughout New Zealand with ASB at their head, and adopted the name, ASB Trust Bank. In 1986, ASB withdrew from the
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very little use and virtually no significant updates since 2010. ASB Securities, launched in 1999, remains the largest online broker in New Zealand in terms of trading volume and active customers.
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The bank has found significant success by being the first to introduce innovative services and features to the New Zealand market. ASB was the first bank in New Zealand to offer:
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under the name, ASB Bank. In 1988, the Government passed the Trustee Banks Restructuring Act, which enabled ASB to become a public company. In 1989, the owner of the bank,
2529: 316:, operating in New Zealand. It provides a range of financial services including retail, business and rural banking, funds management, as well as insurance through its 1694: 1017: 911: 420:, another former savings bank, located on the South Island's west coast, which enabled it to operate on a truly national basis. In 1999, ASB Group acquired 1339: 803: 561:
ASB has become known for using well-known characters in its advertising. The bank had a series of highly successful, award-winning commercials with the
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Innovation Award for Financial Service in 2001, 2002, 2003 and 2005, and recently Canstar's inaugural annual 'Best Online Banking Award' in 2012.
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The bank also supports the ASB Community Trust, which was formed in 1988 with an endowment from the sale of ASB to Australia's
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playing a fictionalised version of himself encouraging New Zealanders to be proud of their achievements whether big or small.
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featuring over 9,000 student performers celebrating the culture of the Pacific and attracting an audience of over 90,000.
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ASB is the corporate sponsor for a number of high-profile New Zealand organisations and events such as:
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online share trading on both the Australian and New Zealand share-markets (via ASB Securities in 1999)
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ASB was established in 1847 as the Auckland Savings Bank. The first meeting was held in the store of
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In October 2011 the bank introduced the Experience ASB campaign with new advertising agency
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automatic rounding of transactions where the difference is put into a savings account (
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The bank is also a major sponsor of several event venues in New Zealand:
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and allowed potential customers to "test drive" the bank before joining.
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the ability for customers to stop receiving their paper statements (2003)
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subsidiary, and investment and securities services through its
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Royal Commission of Inquiry into COVID-19 Lessons Learned
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Award for best financial services site in 2006 and 2007,
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ASB Gardens Magic - A series of summer concerts held in
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COVID-19 Response (Vaccinations) Legislation Act 2021
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Former executive leadership of the Commonwealth Bank
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In 1994, ASB purchased and amalgamated 2117:COVID-19 Public Health Response Act 2020 24:This is an accepted version of this page 2203:Samoan Assemblies of God in New Zealand 795: 20: 469:branches open seven days a week (1998) 524:a dedicated real estate app for iOS ( 7: 2213:The Freedoms & Rights Coalition 2127:COVID-19 Response Recognition Award 659:ASB Polyfest - A four-day event in 1660:Eastern & Central Savings Bank 700:TelstraClear Pacific Events Centre 440:The bank has won awards including 404:and in 1987 became a full-fledged 49: 2325:Millennium & Copthorne Hotels 1018:"ASB wins best online bank award" 584:In July 2012 ASB left Droga5 for 336:that provided service via phone, 2152:New Zealand Microbiology Network 1711:COVID-19 pandemic in New Zealand 1016:Crossley, Jazial (6 June 2012). 857:"ASB Sustainability Report 2012" 743: 729: 224: 223: 204: 203: 62: 1245:"ASB Bank - Sports Sponsorship" 938:Auckland, the city of the seas 912:Department of Internal Affairs 396:, and William Smellie Graham. 314:Commonwealth Bank of Australia 249:Commonwealth Bank of Australia 1: 983:Burrows, Matt (1 July 2020). 960:. 1 July 2020. Archived from 328:divisions. ASB also operated 1614:Colonial Bank of New Zealand 764:List of banks in New Zealand 686:ASB Stand and ASB Lounge at 412:, sold 75% of the shares to 2515:Companies based in Auckland 2345:SkyCity Entertainment Group 1215:"About ASB Community Trust" 910:. Vol. I. Wellington: 533:Advertising and sponsorship 475:banking via mobile phones ( 378:Robert Appleyard Fitzgerald 2556: 2223:The Disinformation Project 334:branchless banking service 113:(as Auckland Savings Bank) 2520:Banks established in 1847 626:ASB National Youth League 61: 1629:Post Office Savings Bank 1219:Asbcommunitytrust.org.nz 829:"ASB Annual Report 2011" 31:latest accepted revision 2421:2022 Wellington protest 1655:Canterbury Savings Bank 1185:"Who is Brian Blessed?" 308:, commonly stylised as 228:NZ$ 63.5 billion (2012) 104:; 177 years ago 2392:Papatoetoe High School 2132:District health boards 1648:Regional trustee banks 1110:The New Zealand Herald 716:Owen G. Glenn Building 712:University of Auckland 607:Coastguard New Zealand 558: 550: 542: 386:John Israel Montefiore 312:, is a bank owned by 302: 1974:Helen Petousis-Harris 1665:Westland Savings Bank 1539:The Co-operative Bank 1452:Former notable people 1426:Catherine Livingstone 694:North Harbour Stadium 586:Saatchi & Saatchi 556: 548: 540: 322:ASB Group Investments 293: 211:1.607 billion (2011) 181:Investment Management 161:Finance and insurance 2525:Banks of New Zealand 2167:Traffic light system 1509:Banks of New Zealand 1378:Colonial First State 692:Founding sponsor of 622:New Zealand Football 506:friend payments via 149:Vittoria Shortt, CEO 2268:Bank of New Zealand 1564:Rabobank/RaboDirect 1533:Bank of New Zealand 1398:Former subsidiaries 1302:on 10 November 2019 1195:on 19 February 2013 1163:Campaignbrief.co.nz 1137:Campaignbrief.co.nz 1113:. 21 September 2010 1030:on 10 November 2019 617:Starship Foundation 612:St John New Zealand 426:Warburg Dillon Read 410:ASB Community Trust 370:John Jermyn Symonds 234:Number of employees 93:Investment services 58: 51:Bank in New Zealand 21:Page version status 2218:Voices for Freedom 2208:Te Pūnaha Matatini 2142:Ministry of Health 1908:Sarah Stuart-Black 1602:Nationwide service 1276:on 9 February 2013 559: 551: 543: 526:ASB Property Guide 489:and browser-based 303: 176:Investment Banking 89:Financial services 27: 2535:Commonwealth Bank 2502: 2501: 2475:Associated states 2434: 2433: 2330:Ngāi Tahu Tourism 2288:Fletcher Building 2273:Bauer Media Group 2198:Counterspin Media 2137:Managed isolation 2098: 2097: 1999:Collin Tukuitonga 1853:Ashley Bloomfield 1832:Michael Woodhouse 1822:Fletcher Tabuteau 1772:Epidemic Response 1677: 1676: 1673: 1672: 1476: 1475: 1389:Sovereign Limited 1373:Commonwealth Bank 1349:Commonwealth Bank 1296:"ASB Showgrounds" 1266:"ASB Bank - Arts" 957:Radio New Zealand 774:Commonwealth Bank 698:ASB Foyer at the 682:ASB Tennis Centre 597:Commonwealth Bank 557:Previous ASB logo 549:Previous ASB logo 541:Previous ASB logo 422:Sovereign Limited 414:Commonwealth Bank 394:Alexander Kennedy 318:Sovereign Limited 288: 287: 261:Sovereign Limited 171:Corporate Banking 2547: 2477:and dependencies 2379:Disease clusters 2365:Virgin Australia 2355:Steel & Tube 2283:Dunedin Railways 2236: 2162:NZ Pass Verifier 1883:Caroline McElnay 1722: 1704: 1697: 1690: 1681: 1619:Countrywide Bank 1599: 1503: 1496: 1489: 1480: 1470:Bank of Hangzhou 1444:Chief Economist) 1405:CBHS Health Fund 1342: 1335: 1328: 1319: 1312: 1311: 1309: 1307: 1298:. 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Archived from 980: 974: 973: 971: 969: 948: 942: 941: 930: 924: 923: 921: 919: 909: 899:Scholefield, Guy 895: 889: 888: 881: 875: 874: 872: 870: 861: 853: 847: 846: 844: 842: 833: 825: 819: 818: 816: 814: 800: 753: 751:Companies portal 748: 747: 746: 739: 734: 733: 732: 634:- including the 460:internet banking 306:ASB Bank Limited 284: 281: 279: 277: 238:4907 (2018) 227: 226: 220: 207: 206: 166:Consumer Banking 112: 110: 105: 66: 59: 57:ASB Bank Limited 2555: 2554: 2550: 2549: 2548: 2546: 2545: 2544: 2505: 2504: 2503: 2498: 2476: 2470: 2430: 2404: 2374: 2370:Warehouse Group 2303:Hermitage Hotel 2298:H & J Smith 2253:Air New Zealand 2227: 2186: 2157:NZ COVID Tracer 2147:My Vaccine Pass 2094: 2090:Billy Te Kahika 2023: 1984:Papaarangi Reid 1939:Jemma Geoghegan 1922: 1903:Heather Simpson 1836: 1797:Marama Davidson 1773: 1766: 1752:Grant Robertson 1713: 1708: 1678: 1669: 1643: 1590: 1510: 1507: 1477: 1472: 1460: 1447: 1414: 1393: 1351: 1346: 1316: 1315: 1305: 1303: 1294: 1293: 1289: 1279: 1277: 1264: 1263: 1259: 1249: 1247: 1243: 1242: 1238: 1228: 1226: 1213: 1212: 1208: 1198: 1196: 1183: 1182: 1178: 1168: 1166: 1157: 1156: 1152: 1142: 1140: 1131: 1130: 1126: 1116: 1114: 1103: 1102: 1098: 1088: 1086: 1078: 1077: 1073: 1063: 1061: 1060:on 30 July 2012 1048: 1047: 1043: 1033: 1031: 1015: 1014: 1010: 1000: 998: 982: 981: 977: 967: 965: 950: 949: 945: 932: 931: 927: 917: 915: 907: 897: 896: 892: 883: 882: 878: 868: 866: 859: 855: 854: 850: 840: 838: 831: 827: 826: 822: 812: 810: 802: 801: 797: 792: 784:ASB Premiership 749: 744: 742: 735: 730: 728: 725: 704:ASB Theatre at 672:ASB Showgrounds 535: 498:Save the Change 464:FastNet Classic 438: 406:commercial bank 382:Thomas Forsaith 354: 274: 263: 235: 216: 195: 146: 136: 129: 125: 108: 106: 103: 91: 87: 52: 47: 46: 45: 44: 43: 42: 26: 12: 11: 5: 2553: 2551: 2543: 2542: 2537: 2532: 2527: 2522: 2517: 2507: 2506: 2500: 2499: 2497: 2496: 2491: 2486: 2480: 2478: 2472: 2471: 2469: 2468: 2463: 2458: 2453: 2448: 2442: 2440: 2436: 2435: 2432: 2431: 2429: 2428: 2423: 2418: 2412: 2410: 2406: 2405: 2403: 2402: 2394: 2389: 2386:Marist College 2382: 2380: 2376: 2375: 2373: 2372: 2367: 2362: 2357: 2352: 2347: 2342: 2337: 2332: 2327: 2322: 2317: 2310: 2305: 2300: 2295: 2290: 2285: 2280: 2275: 2270: 2265: 2260: 2255: 2250: 2244: 2242: 2233: 2229: 2228: 2226: 2225: 2220: 2215: 2210: 2205: 2200: 2194: 2192: 2188: 2187: 2185: 2184: 2179: 2174: 2169: 2164: 2159: 2154: 2149: 2144: 2139: 2134: 2129: 2124: 2119: 2114: 2108: 2106: 2100: 2099: 2096: 2095: 2093: 2092: 2087: 2082: 2077: 2072: 2067: 2062: 2057: 2052: 2047: 2042: 2037: 2031: 2029: 2025: 2024: 2022: 2021: 2016: 2014:Siouxsie Wiles 2011: 2009:Ayesha Verrall 2006: 2001: 1996: 1994:Simon Thornley 1991: 1986: 1981: 1976: 1971: 1966: 1961: 1956: 1951: 1946: 1944:Matire Harwood 1941: 1936: 1930: 1928: 1924: 1923: 1921: 1920: 1915: 1910: 1905: 1900: 1895: 1890: 1885: 1880: 1875: 1870: 1868:Peter Crabtree 1865: 1860: 1855: 1850: 1844: 1842: 1838: 1837: 1835: 1834: 1829: 1824: 1819: 1814: 1809: 1807:Paul Goldsmith 1804: 1799: 1794: 1789: 1784: 1778: 1776: 1768: 1767: 1765: 1764: 1759: 1757:Ayesha Verrall 1754: 1749: 1747:Winston Peters 1744: 1739: 1734: 1732:Jacinda Ardern 1728: 1726: 1719: 1715: 1714: 1709: 1707: 1706: 1699: 1692: 1684: 1675: 1674: 1671: 1670: 1668: 1667: 1662: 1657: 1651: 1649: 1645: 1644: 1642: 1641: 1636: 1631: 1626: 1621: 1616: 1611: 1605: 1603: 1596: 1592: 1591: 1586: 1585: 1580: 1573: 1566: 1561: 1554: 1549: 1546:Heartland Bank 1542: 1535: 1530: 1524: 1518: 1516: 1512: 1511: 1508: 1506: 1505: 1498: 1491: 1483: 1474: 1473: 1468: 1466: 1462: 1461: 1455: 1453: 1449: 1448: 1446: 1445: 1435: 1429: 1422: 1420: 1419:Notable people 1416: 1415: 1413: 1412: 1407: 1401: 1399: 1395: 1394: 1392: 1391: 1386: 1381: 1375: 1370: 1365: 1359: 1357: 1353: 1352: 1347: 1345: 1344: 1337: 1330: 1322: 1314: 1313: 1287: 1257: 1236: 1206: 1189:Blog.asb.co.nz 1176: 1165:. 5 April 2012 1150: 1124: 1096: 1084:moneyhub.co.nz 1071: 1041: 1008: 997:on 1 July 2020 975: 964:on 1 July 2020 943: 925: 901:, ed. 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W. 869:24 December 813:27 February 779:ASB Classic 677:ASB Stadium 654:Hagley Park 636:ASB Classic 521:apps (2012) 139:New Zealand 135:Area served 128:New Zealand 109:5 June 1847 102:5 June 1847 2509:Categories 2388:(Auckland) 2320:MediaWorks 2177:Zero-COVID 2104:Government 1927:Scientists 1878:Megan Main 1812:Shane Reti 1802:Ruth Dyson 1787:Kiri Allan 1639:Trust Bank 1634:Rural Bank 1432:Matt Comyn 1428:(Chairman) 1306:15 October 1054:Pago.co.nz 918:26 January 790:References 643:Wellington 579:Judi Dench 508:ASB Mobile 477:ASB Mobile 436:Innovation 402:Trust Bank 330:BankDirect 265:BankDirect 145:Key people 75:Subsidiary 2075:Paul Reid 2035:Suzy Cato 1873:Rose King 1858:Mike Bush 1848:Jim Bliss 1841:Officials 1774:Committee 1270:Asb.co.nz 864:Asb.co.nz 836:Asb.co.nz 769:Sovereign 688:Eden Park 570:/Whybin. 186:Mortgages 2439:Timeline 2416:Protests 2278:Bunnings 2263:ASB Bank 2248:2degrees 2050:Sue Grey 2045:Rob Fyfe 1913:Ian Town 1570:SBS Bank 1558:Kiwibank 1368:Bankwest 936:(1955). 808:ASB Bank 723:See also 661:Auckland 528:in 2012) 504:Facebook 500:in 2010) 479:in 1999) 466:in 1997) 442:NetGuide 358:Campbell 338:Internet 300:Auckland 296:Ponsonby 154:Products 123:Auckland 81:Industry 35:reviewed 2494:Tokelau 2340:Te Papa 2308:Jetstar 2240:Economy 1725:Cabinet 1583:Westpac 1465:Related 1442:CommSec 1384:CommSec 1280:30 July 1250:30 July 1229:30 July 1117:30 July 1064:31 July 1034:31 July 990:Newshub 885:"Stuff" 841:27 July 515:Android 352:History 348:only. 271:Website 200:Revenue 107: ( 99:Founded 85:Banking 2409:Social 2232:Impact 2028:Others 1718:People 1001:1 July 968:1 July 632:Tennis 575:Droga5 493:(2006) 342:EFTPOS 244:Parent 1434:(CEO) 1380:(45%) 1023:Stuff 908:(PDF) 860:(PDF) 832:(PDF) 446:TUANZ 362:Brown 2489:Niue 2466:2024 2461:2023 2456:2022 2451:2021 2446:2020 2335:NZME 1552:HSBC 1456:See 1308:2016 1282:2012 1252:2012 1231:2012 1201:2013 1171:2013 1145:2013 1119:2012 1091:2018 1066:2012 1036:2012 1003:2020 970:2020 920:2014 871:2012 843:2012 815:2018 568:TBWA 517:and 487:PDAs 360:and 346:ATMs 344:and 332:, a 324:and 278:.asb 209:NZ$ 2360:TAB 1577:TSB 1527:ASB 1522:ANZ 1363:ASB 714:'s 652:'s 511:iOS 376:), 310:ASB 282:.nz 280:.co 276:www 37:on 2511:: 1268:. 1217:. 1187:. 1161:. 1135:. 1107:. 1082:. 1052:. 1020:. 987:. 954:. 862:. 834:. 806:. 513:, 392:, 388:, 384:, 380:, 368:, 340:, 298:, 126:, 33:, 1703:e 1696:t 1689:v 1502:e 1495:t 1488:v 1440:( 1341:e 1334:t 1327:v 1310:. 1284:. 1254:. 1233:. 1203:. 1173:. 1147:. 1121:. 1093:. 1068:. 1038:. 1005:. 972:. 922:. 887:. 873:. 845:. 817:. 645:. 628:. 462:( 111:) 41:.

Index

latest accepted revision
reviewed

Subsidiary
Banking
Financial services
Investment services
Auckland
Finance and insurance
Consumer Banking
Corporate Banking
Investment Banking
Investment Management
Mortgages
Credit Cards
NZ$
Total assets
Parent
Commonwealth Bank of Australia
Subsidiaries
Sovereign Limited
BankDirect
www.asb.co.nz

Ponsonby
Auckland
Commonwealth Bank of Australia
Sovereign Limited
BankDirect
branchless banking service

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