ASB 2024 Half Year Financial Results Media Release

ASB 2024 Half Year Financial Results Media Release Financial Overview Compared to June 2023 o Advances to customers down 1% to $108 billion o Total customer deposits up 4% o Total capital decreased by $0.2bn to $10.9bn o Total capital ratio down 0.2% to 15.5%, (vs. RBNZ requirement of 12.5%, including buffer) Compared to the December 2022 prior comparative period (cash basis) o NPAT decreased 12% to $707 million o Net interest income decreased 7% to $1,403 million o Net interest margin decreased 26bps to 221bps o Operating expenses increased 6% to $648 million o Impairment losses on financial assets decreased $39 million to $10 million o Cost to income ratio increased 510bps to 39.5% Compared to the December 2022 prior comparative period (stat basis) o NPAT decreased 11% to $749 million o ROE decreased 230bps to 14.1% ENDS Released by: Holly Ryan ASB Corporate Communications Mobile 021 234 7865 holly.ryan@asb.co.nz End CA:00426169 For:ABB Type:HALFYR Time:2024-02-14 10:01:23