ASB Bank is a provider of banking and financial solutions. It offers loans and mortgages. The company provides insurance, commercial banking, and other services.

Employee Rating

4.2
TypeSubsidiary
Parent CompanyCommonwealth Bank of Australia
HQAuckland, NZ
Founded1847
Websiteasb.co.nz
Cybersecurity ratingBMore
ASB Bank was founded in 1847 and is headquartered in Auckland, NZ
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Key People/Management at ASB Bank

Vittoria Shortt

Vittoria Shortt

Chief Executive Officer, Managing Director
Adam Boyd

Adam Boyd

Executive General Manager, Private Banking, Wealth and Insurance
Carl Ferguson

Carl Ferguson

Chief Risk Officer
Craig Sims

Craig Sims

Executive General Manager, Retail Banking
David Bullock

David Bullock

Executive General Manager, Technology and Operations
Jon Raby

Jon Raby

Chief Financial Officer
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ASB Bank Office Locations

ASB Bank has offices in Auckland, and Wellington
Auckland, NZ (HQ)
12 Jellicoe Street
Wellington, NZ
185 Main St Wellington, Wellington 5018
Show all (3)

ASB Bank Financials and Metrics

Summary Metrics

Founding Date

1847
ASB Bank is a subsidiary of Commonwealth Bank of Australia

ASB Bank Revenue

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View revenue for all periods
ASB Bank's revenue was reported to be $4.11 b in FY, 2021 which is a 12% decrease from the previous period.
Annual
NZDFY, 2019FY, 2020FY, 2021

Revenue

5.0b4.7b4.1b

Revenue growth, %

(7%)(12%)

Cost of goods sold

2.2b1.9b1.1b

Gross profit

2.8b2.7b3.0b
Half Year
NZDH1, 2019H1, 2020H1, 2021

Revenue

2.5b2.4b2.1b

Cost of goods sold

1.1b1.1b687.0m

Gross profit

1.4b1.4b1.4b

Gross profit Margin, %

55%57%67%
Annual
NZDFY, 2019FY, 2020FY, 2021

Cash

2.5b4.2b2.8b

Accounts Receivable

87.7b90.2b99.4b

PP&E

197.0m452.0m413.0m

Total Assets

98.5b105.6b112.6b
Half Year
NZDH1, 2019H1, 2020H1, 2021

Cash

3.5b1.9b3.5b

Accounts Receivable

85.2b89.3b94.9b

PP&E

192.0m457.0m422.0m

Total Assets

97.0b100.5b109.2b
Annual
NZDFY, 2019FY, 2020FY, 2021

Net Income

1.3b958.0m1.3b

Depreciation and Amortization

86.0m132.0m141.0m

Accounts Payable

2.7b8.2b3.7b

Cash From Operating Activities

822.0m6.6b(5.1b)
Half Year
NZDH1, 2019H1, 2020H1, 2021

Net Income

630.0m599.0m625.0m

Depreciation and Amortization

41.0m65.0m71.0m

Accounts Payable

3.3b2.5b2.0b

Cash From Operating Activities

562.0m767.0m(3.6b)
NZDH1, 2019

Debt/Equity

0.1 x

Financial Leverage

11.8 x
Show all financial metrics

ASB Bank Acquisitions / Subsidiaries

Company NameDateDeal Size
ASB Finance Limited
ASB Group Investments Limited
ASB Management Services Limited
ASB Nominees Limited
ASB Securities Limited
Mortgage Holding Trust Company Limited
Securitisation Management Services Limited

ASB Bank Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

ASB Bank Online and Social Media Presence

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ASB Bank Frequently Asked Questions

  • When was ASB Bank founded?

    ASB Bank was founded in 1847.

  • Who are ASB Bank key executives?

    ASB Bank's key executives are Vittoria Shortt, Adam Boyd and Carl Ferguson.

  • How many employees does ASB Bank have?

    ASB Bank has 5,027 employees.

  • What is ASB Bank revenue?

    Latest ASB Bank annual revenue is $4.1 b.

  • What is ASB Bank revenue per employee?

    Latest ASB Bank revenue per employee is $818.2 k.

  • Who are ASB Bank competitors?

    Competitors of ASB Bank include Fidelity Bank, Simmons First National and Seacoast Banking Corporation of Florida.

  • Where is ASB Bank headquarters?

    ASB Bank headquarters is located at 12 Jellicoe Street, Auckland.

  • Where are ASB Bank offices?

    ASB Bank has offices in Auckland, and Wellington.

  • How many offices does ASB Bank have?

    ASB Bank has 3 offices.