Bloomberg News

ASB Lowers Fixed Home-Loan Interest Rates on Wholesale Costs

October 31, 2011

Nov. 1 (Bloomberg) -- ASB Bank Ltd. will offer lower interest rates on its New Zealand fixed home-loans from tomorrow because of lower wholesale funding costs, the Auckland-based bank said in an e-mailed statement.

The two-year loan rate falls to 6 percent from 6.3 percent and the three-year falls to 6.3 percent from 6.7 percent.

To contact the editor responsible for this story: Tracy Withers at twithers@bloomberg.net


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