ASB: Focus on insurance sales
ASB is focused on building its wealth and investment business, the bank said when it today released its financial results for the six months ended December 21.
Wednesday, February 13th 2013, 4:40PM
Its chief executive, Barbara Chapman, said there had also been a significant increase in the number of customers with life insurance policies through the bank.
It reported net profit after tax of $365 million for the six months ended 31 December 2012, a 2% decrease on half-year ended December 2011.
Its KiwiSaver scheme has about 370,000 customers and achieved 31% growth in funds under management over 2012.
Chapman said the bank was developing its wealth and insurance business by offering customers advice and investment and insurance solutions.
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