High Court approval of ASB settlement

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.

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For further information, please contact:

Ben Steed, HO Corporate & Governance, ASB Bank Limited
[email protected]

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MSCSEFSSSEMSESF

Date	20 Jan 2026
Time	07:00:01
Category	Miscellaneous
ID	5191P

Date	20 Jan 2026
Time	07:00:01
Category	Miscellaneous
ID	5191P

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High Court approval of ASB settlement