REG - ASB Bank Limited - High Court approval of ASB settlement

Commonwealth Bank of AustraliaAnnouncement

20/01/2026 08:15

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RNS Number : 5191P  ASB Bank Limited  20 January 2026

ASB Bank Limited

20 January 2026

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.

END

For further information, please contact:

Ben Steed, HO Corporate & Governance, ASB Bank Limited

asbsecretariat@asb.co.nz

 

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