About ASB Bank
ASB Bank is a company based in Auckland (New Zealand) founded in 1847.. ASB Bank offers products and services including Bank Accounts, Credit Cards, Loans, and Investments. ASB Bank operates in a competitive market with competitors including Scotiabank, Bank of New Zealand, Kreissparkasse Biberach, RBFC and RaboDirect New Zealand, among others.
- Headquarter Auckland, New Zealand
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
$2.74 M (USD)0as on Dec 31, 2015
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Net Profit
$122.21 K (USD)0as on Dec 31, 2015
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EBITDA
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Latest Funding Round
$286 M (USD), Debt – Conventional
Nov 01, 2016
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Investors
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Employee Count
Employee Count
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Products & Services of ASB Bank
ASB Bank offers a comprehensive portfolio of products and services, including Bank Accounts, Credit Cards, Loans, and Investments. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides accounts for everyday transactions and savings.
Offers cards for purchases and cash advances.
Facilitates personal and business borrowing needs.
Includes options for KiwiSaver and term deposits.
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Software Development Team
108 people
Senior Team
37 people
Leadership Team
29 people
Head Team
27 people
Legal and Compliance
19 people
Finance and Accounting
16 people
Business Team
16 people
Product Management Team
16 people
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Funding Insights of ASB Bank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $286.0M
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First Round
First Round
(01 Nov 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2016 | Amount | Debt – Conventional - ASB Bank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by ASB Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ASB Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Asb Bank Comparisons
Competitors of ASB Bank
ASB Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Scotiabank, Bank of New Zealand, Kreissparkasse Biberach, RBFC and RaboDirect New Zealand, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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Operates as a commercial bank, offering deposits, loans, and payment services to customers.
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Provides retail and business banking services with online platforms and financial products.
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| domain | founded_year | HQ Location |
A commercial bank offering deposits, loans, and payment services to customers.
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| domain | founded_year | HQ Location |
Offers agri-lending, online savings, community support, and financial software services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Asb Bank
Frequently Asked Questions about ASB Bank
When was ASB Bank founded?
ASB Bank was founded in 1847 and raised its 1st funding round 169 years after it was founded.
Where is ASB Bank located?
ASB Bank is headquartered in Auckland, New Zealand.
Who is the current CEO of ASB Bank?
Vittoria Shortt is the current CEO of ASB Bank.
What is the annual revenue of ASB Bank?
Annual revenue of ASB Bank is $2.74M as on Dec 31, 2015.
What does ASB Bank do?
ASB Bank was established in 1847 in Auckland, New Zealand, as a commercial bank. Retail and business banking services, including loans, deposits, and investment options, are offered to individuals and corporations. Operations are conducted primarily within New Zealand, with headquarters in Auckland. Leadership is provided by CEO Vittoria Shortt, overseeing financial services in the domestic market.
Who are the top competitors of ASB Bank?
ASB Bank's top competitors include Scotiabank, Bank of New Zealand and Kreissparkasse Biberach.
What products or services does ASB Bank offer?
ASB Bank offers Bank Accounts, Credit Cards, Loans, and Investments.
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