ASB announces High Court approval of ASB settlement

ASB announces High Court approval of ASB settlement ASB announced on 7 October 2025 that it reached a settlement in relation to the Credit Contracts and Consumer Finance Act 2003 (CCCFA) class action proceedings served on ASB Bank Limited (ASB) in September 2021, with ASB agreeing to pay $135,625,000. The settlement was subject to High Court approval. On 14 January 2026 the High Court approved this settlement. In resolving the litigation ASB makes no admission of liability. ENDS For further information, please contact: Ben Steed, HO Corporate & Governance, ASB Bank Limited asbsecretariat@asb.co.nz