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Supporting information:

Basic information: Information extracted from the Key Information Summaries of overseas incorporated banks table (G2)

The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

Data is extracted from the “Key Information Summary” part of the disclosure statements published by registered overseas incorporated banks.

Data series from March 1996 onwards include: Profitability; Peak credit exposure concentrations; Peak connected person credit exposures; Credit rating; Capital adequacy; Size; and Asset quality.

Periodicity

Quarterly

Timeliness

Released on the second Friday of the month after the end of the quarter.

Access by the public

Advance release calendar

The “Advance Release Calendar” is updated and released each Friday on the website. This is a long-term plan of scheduled releases.

Integrity

Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses

The Reserve Bank of New Zealand Act 1989 (The Act), Section 81 states, “ The Bank shall, from time to time... prescribe the information which...shall be published by all registered banks or any specified class of registered banks.”

Provision of information about revisions and advance notice of major changes in methodology

Provisional data are italicised. Data are deemed provisional when a series is under review. New data, or revised data, are in bold font. Revisions are generally published when the table is next due to be updated and released. Should revisions need to be made more promptly, a note is posted on the website under “Revisions to Tables”. Any major changes in methodology are posted on the website as a note.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

A list of the Registered Banks can be found on the websites of each registered bank, while specified information required in the disclosure statements can be found in The Act.

Dissemination of statistics that support statistical cross-checks and provide assurance of reasonableness

Disclosure statements can be found on the websites of each registered bank.

Additional notes

(*1) A minimum requirement of 4 percent applies.

(*2) A minimum requirement of 8 percent applies.

(*3) Locally incorporated banks are subject to a condition of registration that sets limits on their connected person exposures. The total exposures to connected persons must not exceed 75 percent of tier one capital and the exposure to non-bank connected persons must not exceed 15 percent of tier one capital. A disclosure in the Key Information Summary of a connected person exposure in excess of the specified limits may not necessarily mean that the bank in question has breached its condition of registration. The disclosure requirement is based on the peak connected person exposure during the disclosure period as a percentage of end-of-period tier one capital, whereas the condition of registration applies to the connected person exposure as a percentage of tier one capital on a continuous basis.

(*4) Rabobank New Zealand Limited is not subject to any limit on its exposure to connected persons. The external obligations of this locally incorporated bank are guaranteed by its parent bank.

(*5) Overseas banking group data is that of Citicorp.