ASB: Focus on insurance sales
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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