Mortgage Rates Daily Commentary
Thursday 6 August 2026
Taranaki residents plan to try and stop TSB sale - but there's a hitch; ASB hikes rates
Taranaki residents unhappy with the plan to sell TSB Bank to Heartland are hoping to file an injunction to stop it next week - but there's a catch. [READ ON]
ASB is the latest bank to increase fixed rates.
It has increased its fixed home loan rates by between 10-26 bps on its 6-month to three-year terms and has increased term deposit rates by 10-20 bps on its 6-month to two-year terms.
ASB’s Executive General Manager Personal Banking Adam Boyd says “We’re continuing to see volatility in wholesale interest rates, which have climbed over the past month. This has a direct bearing on the rates we offer on lending and deposits, in line with what is happening in markets around the world.”
Sovereign appoints home loans head
Sovereign has appointed a new general manager home loans to take over from Chris Barry
Thursday, December 16th 2004, 10:36AM
Sovereign has appointed Adrienne Smith as general manager home loans. Smith has held various roles in ASB Group over the last 18 years, most recently as general manager technology – insurance and investments at Sovereign.
Smith will have responsibility for the overall strategic direction of Sovereign’s home loan team, including customer service and business growth. She will manage a team of people who deal directly with Sovereign’s adviser network.
“I am genuinely excited to be getting back into the home loans side of the business. I’ve enjoyed my time in IT, but it will be great to take on another challenge leading the Sovereign home loans team in what is a hugely competitive market at the moment” Smith said.
Prior to her most recent role, Smith held a number of positions spanning both retail and institutional financial services within ASB Group. She held a key project role in the startup of BankDirect, has managed a retail bank branch and is a current member of the Sovereign executive management committee.
Smith takes over from Chris Barry, who is leaving Sovereign to focus on a business venture he has been planning for some time.
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