Source: PSA
ASB – Kashin money boxes return to celebrate 150 years of ASB setting up tamariki for a more resilient future
ASB is bringing back New Zealand’s most beloved elephant, launching a limited-edition Kashin money box to celebrate 150 years of helping Kiwi kids with their finances.
ASB Chief Executive Vittoria Shortt says the bank has a long history of commitment to financial education and wellbeing. Tools like Kashin, alongside ASB’s digital banking features and educational programmes help start crucial conversations with children about finances.
“We know the importance of good money habits, and Kashin has encouraged generations of Kiwi kids to learn these skills. The more that whānau can have these conversations and help kids understand concepts like budgeting and saving, the more confident they’ll be in making good financial decisions that will set them up for life.
“It’s not just about young people. We’re investing heavily in financial wellbeing tools for customers of all ages with ASB MoneySpace, offering people practical ways to improve their financial insights and planning. We’ve seen first-hand the impact this can have on outcomes.”
This commitment to comprehensive financial support across all of life’s stages isn’t new to ASB, it’s built on over a century of experience. The Kids Penny Bank Account was launched in 1876, school banking began in 1926, the Kashin money box was created in 1964, and the GetWise education in schools programme was launched in 2010.
“Our GetWise programme has reached more than 1.3 million children across 1,800 schools. In 2023 we expanded this with the introduction of our Tikitiki o Pūtea education programme grounded in Kaupapa Māori and delivered exclusively in te reo Māori for kura because we’re committed to giving every young person the financial tools to succeed.
“We believe financial confidence should start from a young age and we’re pleased to see financial literacy becoming part of the school curriculum. GetWise is fully booked through 2025 and demand from schools wanting to book the programme has increased by 60% since the Government’s announcement.”
Kashin brings years of wisdom about the importance of starting small, thinking long-term, and making smart choices with money. Not bad for an elephant who fits on a bedroom shelf.
The limited edition money box is available now to customers aged up to 17 opening an ASB Headstart account, while stocks last.
About GetWise
GetWise lessons are designed to complement the New Zealand school curriculum and are created in collaboration with experts in primary education. Independent, trained facilitators deliver the interactive workshops to students in years three to eight, integrating cutting edge augmented reality content, and a free online learning platform for year seven and eight students.
Teachers are also given access to resource packs to help them provide ongoing financial literacy lessons in the classroom, at their own pace.
Primary and intermediate schools can sign up to the ASB GetWise financial literacy programme by visiting getwise.co.nz, calling 0508 GetWise
For more information please visit asb.co.nz/GetWise.
Timeline
1876 – ASB launches kids Penny Bank Account
1926 – ASB brings banking to the classroom with the introduction of school banking
1964 – Our advertising symbol becomes an elephant called Kashin
1972 – The ‘real’ Kashin arrives at Auckland Zoo
2010 – Students GetWise with the launch of ASB’s financial literacy programme
2015 – Kashin goes digital with the Clever Kash money box
2025 – ASB celebrates 150 years of helping kids with money with a new Kashin money box.
Media release – Public consultation opens on design of the next census
September home consents climb as trend turns – Building consents issued: September 2025 – Stats NZ news story and information release
Renewable Energy – Pahiatua wind farm granted resource consent – EPA
Source: Environmental Protection Authority
Fire Safety – Restricted Fire Season for most of the Hawke’s Bay District
Source: Fire and Emergency New Zealand
Weather News – A warm and dry start to November – MetService
Covering period of Monday 3rd – Thursday 6th November – After a turbulent October, this week we see a turn to dry and settled weather. This news will be especially welcomed by both Wānaka and Queenstown who had their second wettest Octobers on record. (Records began in 1992 and1968 respectively)
The sunshine has come out for Marlborough Anniversary Day today (Monday) and there are plenty of blue skies across the rest of the country. MetSevice is forecasting these warm and dry conditions to persist for most regions this week. These sunny days are a good reminder to stock up on sunscreen for the summer.
MetService Meteorologist Michael Pawley details, “The northwesterly wind will drive up temperatures this week. Invercargill looks to rise to 24°C on Wednesday. Christchurch and Hastings are set to get to 27°C on Thursday.”
With Guy Fawkes on Wednesday night, these warm and dry conditions are something to be cautious about. Check the latest fire conditions from Fire Emergency New Zealand at https://www.checkitsalright.nz/.
Westland can expect to get wet on Wednesday as a front moves on to the South Island. There is minimal risk of severe weather however, and this front will weaken as it moves north on Thursday. On Thursday, a low pressure system approaches from the north, which looks likely to bring rain to the North Island for the latter part of this week.
“Cricket fans will be keeping a close eye on the forecast for the upcoming T20 when the Blackcaps will face the West Indies at Eden Park. Conditions are looking pretty good on Wednesday, but Thursday could be a bit dicey. Wet weather will be moving in from the north later this week.” advises Michael.
Climate – Seasonal Climate Outlook (November – January): La Nina is here – Earth Sciences
Source: Earth Sciences New Zealand
Economy – RBNZ publishes 2025 Bank Stress Test Results
03 November 2025 – The RBNZ has published the results from the 2025 Bank Industry Stress Test. The exercise assessed the resilience and responses of the country's five largest banks to two severe but plausible scenarios involving geopolitical risks.
“Recent developments in global trade policies have heightened the importance of evaluating banks' resilience to geopolitical shocks,” says Director of Financial System Assessment, Kerry Watt.
In the first scenario, banks model the impact of a recession triggered by a breakdown in trade, disruption to global supply chains and instability in the geopolitical environment. The scenario saw bank capital ratios fall significantly. While capital remained above the minimum regulatory requirements, it would take some time and significant actions to restore them to current levels.
In a second scenario, each bank faces a cyber-attack triggering a severe outflow of retail deposits to other banks and closure of wholesale funding markets to the affected bank over three months. This is against the backdrop of the recession described in Scenario 1. Bank capital was depleted further but remained above regulatory minimums. Banks' liquidity buffers were sufficient to meet the cash outflows. However, their liquidity ratios fell significantly with some banks requiring mitigating actions to remain above the regulatory minimum. The recovery period takes longer with the additional liquidity stress, leaving banks at a disadvantage to peers. The results can help inform banks' preparedness for managing a combined stress of their solvency and liquidity, a new feature of this year's test.
In Scenario 2 the overnight borrowing facility of the Reserve Bank is important in managing a sharp liquidity shock and providing stability to the financial system. However, since this is not a committed facility, banks could consider a more diversified range of funding options, particularly in a scenario where other financial entities are not under liquidity stress.
“The exercise provides valuable insights for both participating institutions, the Reserve Bank and the wider financial system, helping to build our capability and preparedness to manage complex risks,” says Mr Watt.
More information
Assessing banks' resilience to geopolitical risks: 2025 bank industry solvency stress test results – Reserve Bank of New Zealand – Te Pūtea Matua: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=5952544b14&e=f3c68946f8

