# ASB Bank

> Source: https://docs.barcoder.ai/docs/wallets/asb-bank
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [ASB Bank — official](https://www.asb.co.nz/)

## Overview

**ASB Bank** is **one of New Zealand's Big 4 banks** + **Commonwealth Bank of Australia (CBA) Australian subsidiary** + **ASB won Canstar's Award for Bank of the Year Digital Banking for 4th consecutive year in 2025** <sup>[1][1], [2][2], [New Zealand report](https://docs.barcoder.ai/docs/payments/NZ)</sup>. **2025 baseline**: 75% of New Zealand bank customers use mobile apps for banking (Canstar 2025 study); ASB Mobile Banking app + asb.co.nz online + ASB cards + ASB New Zealand branch network; **ASB Canstar's Bank of the Year Digital Banking 4 consecutive years 2022-2025** — distinctive New Zealand digital banking recognition.

**Distinctive ASB Bank positioning** <sup>[1][1], [2][2], [3][3]</sup>:
- **One of New Zealand's Big 4 banks** (ASB + [ANZ New Zealand](https://docs.barcoder.ai/docs/wallets/anz-nz) + [BNZ Bank of New Zealand](https://docs.barcoder.ai/docs/wallets/bnz-nz) + [Westpac NZ](https://docs.barcoder.ai/docs/wallets/westpac-nz))
- **Commonwealth Bank of Australia (CBA) Australian subsidiary** since 1989 CBA 75% stake acquisition + 2000 CBA 100% acquisition completion
- **ASB won Canstar's Award for Bank of the Year Digital Banking for 4th consecutive year in 2025** — distinctive New Zealand digital banking recognition
- **75% of New Zealand bank customers use mobile apps for banking** (Canstar 2025 study)
- **1847 Auckland Savings Bank founding** in Auckland, New Zealand — distinctive New Zealand banking heritage (one of NZ's oldest banks)
- **CBA Group 2nd largest international subsidiary post-2018 CBA UK CommBank Europe divestiture** (ASB Bank now CBA Group flagship international subsidiary)

## History

**Jun 1847 — Auckland Savings Bank founded** in Auckland, New Zealand — distinctive New Zealand banking heritage (one of NZ's oldest banks).

**1988 — Auckland Savings Bank renamed ASB Bank**.

**1989 — Commonwealth Bank of Australia (CBA) acquires 75% ASB Bank stake** — distinctive Australian-New Zealand banking acquisition.

**2000 — CBA acquires 100% ASB Bank** post-CBA 75% → 100% stake completion.

**2010 — ASB Mobile Banking app launches**.

**2022-2025 — ASB wins Canstar's Award for Bank of the Year Digital Banking for 4 consecutive years** <sup>[2][2]</sup>.

**2025 — 75% of New Zealand bank customers use mobile apps for banking** (Canstar 2025 study).

## Ownership & operator

**Operating entity**: **ASB Bank Limited** (Commonwealth Bank of Australia subsidiary).

**Parent**: **Commonwealth Bank of Australia (ASX: CBA)** — Australia's largest bank by assets.

**Regulators**: **RBNZ (Reserve Bank of New Zealand) + FMA (Financial Markets Authority New Zealand) + APRA (parent CBA Australia regulator)**.

## Technical integration

ASB Mobile Banking app (iOS + Android) + asb.co.nz online + ASB cards (Visa + Mastercard) + ASB New Zealand branch network; NZ Payments + DaPay (New Zealand instant payments); ASB Wealth + ASB Insurance + ASB Securities; ASB Mobile Business app (distinctive New Zealand business banking app).

## Users & growth

**2025**: 75% of New Zealand bank customers use mobile apps for banking (Canstar 2025 study); ASB won Canstar's Award for Bank of the Year Digital Banking for 4 consecutive years 2022-2025.

## Use cases

New Zealand retail + private + corporate + SME + investment + insurance banking via ASB Mobile + asb.co.nz online + cards + branches; NZ Payments + DaPay (New Zealand instant payments); ASB Wealth + ASB Insurance + ASB Securities + ASB Mobile Business app.

## Implementations & partners

**Operator**: ASB Bank Limited (Commonwealth Bank of Australia subsidiary); Commonwealth Bank of Australia (ASX: CBA) parent.

**ASB Group subsidiaries**: **ASB Wealth + ASB Insurance + ASB Securities + ASB Trustees + Sovereign Assurance (formerly; sold to AIA New Zealand for NZD 3.5B in 2017)**.

**Commonwealth Bank Group sister entities**: [CommBank (Commonwealth Bank of Australia)](https://docs.barcoder.ai/docs/wallets/commbank) (Australia parent; ASX: CBA) + Bankwest (CBA Australian subsidiary; integrated into CBA 2024) + Commonwealth Bank Indonesia (formerly; sold to OCBC Indonesia 2020).

**Major New Zealand banking competitors**: [ANZ New Zealand](https://docs.barcoder.ai/docs/wallets/anz-nz) (Australia and New Zealand Banking Group; New Zealand's largest bank by assets) + [BNZ Bank of New Zealand](https://docs.barcoder.ai/docs/wallets/bnz-nz) (Bank of New Zealand; NAB Australian subsidiary) + [Westpac NZ](https://docs.barcoder.ai/docs/wallets/westpac-nz) (Westpac New Zealand; Westpac Australian subsidiary) + [Kiwibank](https://docs.barcoder.ai/docs/wallets/kiwibank) (100% Kiwi-owned NZ Post + ACC + NZ Super Fund post-2016 NZ Post divestiture; first NZ bank to roll out open banking across all channels) + [Heartland Bank (New Zealand)](https://docs.barcoder.ai/docs/wallets/heartland-bank-nz) (post-2018 ASX dual listing) + [TSB Bank (New Zealand)](https://docs.barcoder.ai/docs/wallets/tsb-bank-nz) (Taranaki Savings Bank).

**Regulators**: RBNZ + FMA + APRA (parent CBA).

## Fun facts

- **One of New Zealand's Big 4 banks** (ASB + [ANZ New Zealand](https://docs.barcoder.ai/docs/wallets/anz-nz) + [BNZ Bank of New Zealand](https://docs.barcoder.ai/docs/wallets/bnz-nz) + [Westpac NZ](https://docs.barcoder.ai/docs/wallets/westpac-nz)).
- **Commonwealth Bank of Australia (CBA) Australian subsidiary** since 1989 CBA 75% stake acquisition + 2000 CBA 100% acquisition completion.
- **ASB won Canstar's Award for Bank of the Year Digital Banking for 4th consecutive year in 2025** — distinctive New Zealand digital banking recognition.
- **75% of New Zealand bank customers use mobile apps for banking** (Canstar 2025 study).
- **Jun 1847 Auckland Savings Bank founding** in Auckland, New Zealand — distinctive New Zealand banking heritage (one of NZ's oldest banks).
- **CBA Group 2nd largest international subsidiary post-2018 CBA UK CommBank Europe divestiture** (ASB Bank now CBA Group flagship international subsidiary).
- **2017 ASB Bank sold Sovereign Assurance to AIA New Zealand for NZD 3.5B** — distinctive New Zealand insurance industry consolidation.

## Comparison

| Feature | ASB Bank | [ANZ New Zealand](https://docs.barcoder.ai/docs/wallets/anz-nz) (Australia and New Zealand Banking Group; New Zealand's largest bank by assets rival) | [BNZ Bank of New Zealand](https://docs.barcoder.ai/docs/wallets/bnz-nz) (Bank of New Zealand; NAB Australian subsidiary rival) | [Westpac NZ](https://docs.barcoder.ai/docs/wallets/westpac-nz) (Westpac New Zealand; Westpac Australian subsidiary rival) | [Kiwibank](https://docs.barcoder.ai/docs/wallets/kiwibank) (100% Kiwi-owned NZ Post + ACC + NZ Super Fund rival) |
|---|---|---|---|---|---|
| Operator | **ASB Bank Limited (Commonwealth Bank of Australia subsidiary; ASX: CBA parent)** | ANZ New Zealand (Australia and New Zealand Banking Group Limited subsidiary; ASX: ANZ parent) | Bank of New Zealand (National Australia Bank subsidiary; ASX: NAB parent) | Westpac New Zealand (Westpac Banking Corporation subsidiary; ASX: WBC parent) | Kiwibank Limited (NZ Post + ACC + NZ Super Fund post-2016 NZ Post divestiture; NZ state-controlled) |
| Type | **One of New Zealand's Big 4 banks + CBA Australian subsidiary + ASB won Canstar's Award for Bank of the Year Digital Banking for 4 consecutive years 2022-2025 + ASB Mobile + ASB Mobile Business app + ASB Wealth + ASB Insurance + ASB Securities** | New Zealand's largest bank by assets + ANZ Group Australian subsidiary + ANZ goMoney + ANZ Plus | NAB Australian subsidiary + BNZ Mobile + BNZ Markets investment banking | Westpac Australian subsidiary + Westpac One mobile banking + Westpac Wealth | First NZ bank to roll out open banking across all channels + 100% Kiwi-owned NZ Post + ACC + NZ Super Fund post-2016 NZ Post divestiture + QuickPay+ business banking app |
| Country | NZ | NZ + AU | NZ + AU | NZ + AU | NZ |
| Distinctive | **Jun 1847 Auckland Savings Bank founding in Auckland (one of NZ's oldest banks); 1988 ASB Bank rename; 1989 CBA 75% acquisition; 2000 CBA 100% acquisition completion; 2010 ASB Mobile Banking app launch; 2017 Sovereign Assurance sale to AIA New Zealand NZD 3.5B; 2022-2025 ASB Canstar Bank of the Year Digital Banking 4 consecutive years** | 1840 Union Bank of Australia founding (ANZ Group ultimate heritage); 1979 ANZ Group formation via Australia and New Zealand Bank merger | 1861 Bank of New Zealand founding; 1992 NAB 100% acquisition | 1861 Westpac Banking Corporation New Zealand heritage (formerly Bank of NSW); | 2002 Kiwibank founding by NZ Post; 2025 first NZ bank to roll out open banking across all channels |

## Status

**Active, one of New Zealand's Big 4 banks + Commonwealth Bank of Australia (CBA) Australian subsidiary** <sup>[1][1], [2][2], [3][3]</sup>:
- **ASB Bank Limited (Commonwealth Bank of Australia subsidiary; ASX: CBA parent)** since Jun 1847 Auckland Savings Bank founding in Auckland + 1988 ASB Bank rename + 1989 CBA 75% acquisition + 2000 CBA 100% acquisition completion.
- **ASB won Canstar's Award for Bank of the Year Digital Banking for 4 consecutive years 2022-2025**.
- **RBNZ + FMA + APRA (parent CBA) regulated**.

## Sources

[1]: https://www.asb.co.nz/ "ASB Bank — Personal & Business Banking in New Zealand"
[2]: https://www.canstar.co.nz/digital-banking/best-digital-banking/ "ASB: the Best in Digital Banking — Canstar"
[3]: https://www.asb.co.nz/banking-with-asb/mobile-app.html "ASB Mobile Banking app — ASB"
[nz-cro]: https://docs.barcoder.ai/docs/payments/NZ

- [1] [ASB Bank — Personal & Business Banking in New Zealand][1]
- [2] [ASB: the Best in Digital Banking — Canstar][2]
- [3] [ASB Mobile Banking app — ASB][3]
- <sup>[New Zealand report](https://docs.barcoder.ai/docs/payments/NZ)</sup> In-corpus: `reports/countries/NZ-new-zealand.md`

## Source

Biography extracted from [asb-bank.md](https://docs.barcoder.ai/source/wallets/asb-bank). See `matrix.md` for standards-support matrix if present.