Business

ASB's owner says trading still tough here

07:25 am on 10 November 2009

The owner of the ASB, Australia's Commonwealth Bank, says trading remains tough in New Zealand, despite signs the economy is improving.

Australia's second biggest lender says ASB has performed relatively well in the three months to September, with good volume growth in home lending and deposits.

Overall, Commonwealth Bank saw its cash profit rise 3% to about $A1.4 billion.