Ewen Luskie
Katikati
Financial support for mortgage holders
I am a long-term customer of ASB Bank, along with family and friends. Even when we were kids, we learned to learn to save money.
Great days. Much later, our own children were introduced to ASB Bank at school. They soon knew what to do with their savings.
I read in the Bay of Plenty Times about the record half-year profit (net profit after tax rising 10 per cent to a record high of $840 million for the six months to December 2022) for the ASB (News, February 15 and 16). You get a warm feeling for a moment which dies quickly when seeing the number of people - 13,000 customers - who face rates being pushed up yet again later this year.
I fear they will be stressed and fearful of not being able to put food on the table or not being able to buy the equipment for school or school uniforms.
I read how ASB is going to handle this, including a process that could see financially stressed customers referred to an external financial mentoring agency. But I believe this is not the way to go because it keeps one’s fear and stress as the most important items, day after day.
In my view, ASB can do better. Keep these customers on rates of no more than 4 per cent for the length of their mortgage and ASB will get more plaudits than any other bank in town.
Those it has treated well and their families will become its most special customers. No advertising is needed.
ASB - you know you can afford it.
Russell McKenzie
Pāpāmoa
Tackle truancy first
Night after night on television, the Government is advertising for Corrections officers. Instead, they should be hiring truancy officers.
Those officials would investigate why the children aren’t at school and then make recommendations to deal with the real problem of truancy.
That way, if children have a good standard of education, we will not need the Corrections officers.
Jim Sherlock
Tauranga
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