Vittoria Short: ASB CEO on the bank reporting profit drop to $1.3 billion for the year

Best of Business · Aug 12, 2026 · 4m · transcript

ASB's settlement over alleged historic breaches of credit disclosure rules has affected its bottom line.

The bank reached a $135.6-million-dollar settlement in October last year.

In annual results released today, ASB's reporting a six-percent rise in operating income, but a 16 percent rise in operating expenses.

CEO Vittoria Short says inflation and new investments in technology also added to the profit drop.

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