ASB Bank to merge with its finance subsidiary and take over its debt obligations
LONDON, UK: ASB Bank Limited (ASB), one of New Zealand’s leading banks, has announced that it will merge with its wholly-owned finance subsidiary, ASB Finance Limited (AFL), under the provisions of the Companies Act 1993 (New Zealand). The merger is expected to take effect on 15 June 2023. As a result of the merger, ASB…