Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


BankDirect And ASB Bank To Become More Aligned

March 8, 2001


Statement made by Ralph Norris, Managing Director, ASB Group

BankDirect and ASB Bank are to become more aligned operationally within ASB Group.

Both brands will retain their own identities, but they will share systems and processes, and will draw on the same support services.

ASB Bank will remain the ASB Group’s main banking brand and BankDirect will continue to extend the Group’s market coverage.

The decision to bring the brands closer together operationally is a logical one. Increasingly, BankDirect and ASB Bank customers are demanding similar services and as a consequence the operations of the two banks are beginning to duplicate each other.

Being more closely aligned will enable both banks to increasingly share the development work undertaken within the broader ASB Group.

The closer integration will be managed over the next 12 months.

Internally, some roles will take on a broader ASB Group focus and this will involve some redeployment within the Group. For customers of both banks it will be business as usual.

When BankDirect was launched a little over three years ago electronic and Internet banking were in their infancy. Since then the broader ASB Group has evolved incorporating ASB Securities, the Sovereign and Colonial organisations.

The realignment of both brands will allow all operations within the broader group to take full advantage of emerging technologies and the strength that comes from the diversity of financial services the Group possesses.

Today, 15% of all ASB Bank customers like using the Internet to undertake transactions while for BankDirect 90% of all its transactions are undertaken electronically.

BankDirect has been a success for ASB Group, contributing significantly to our growth. In some product areas as much as a third of our growth has come from BankDirect.

During its three-year history BankDirect has pioneered a number of progressive and efficient practices which will deliver significant value to ASB Bank, and these best practices will now be shared across the Group.

Issued on behalf of ASB Group by Dennis Lynch,
Network Communications, tel 0-9-379 3154

© Scoop Media

Business Headlines | Sci-Tech Headlines


Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>


Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news