ASB Bank Increases Variable Home Loan Interest Rate
Statement made by Barbara Chapman, Head of Retail Banking & Marketing, ASB Bank Limited
ASB Bank today announces an increase in its variable home lending interest rate, from 8.50% p.a. to 8.75% p.a.
This increase takes effect immediately for new home loans, and on or after 22 November 2004 for existing variable home loans.
This increase follows the rise in the OCR announced by the Reserve Bank last week.