At 5.25%, ASB’s annual fixed-term home loan rate now matches ANZ National and Westpac's at a 17-year low.
Receivers warn of a likely shortfall to ASB.
The bank has dumped Droga5, who has represented the bank for two years, after gaining the account from TBWA in 2010.
The bank has ruled a line under a net profit of $372 million for the six months to December 31 – up $89 million on the same time last year.