C5 Sector credit

Released
28 February 2017 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Monthly
Data files
Agriculture Business Total household claims
Date ($m) (Y/Y%)1 ($m) (Y/Y%)1 ($m) (Y/Y%)1 (M/M%sa)2
Previous years:
Jan 2015 54,236 4.9 83,980 4.1 212,497 4.8 0.5
Jan 2016 58,986 8.8 90,331 7.6 228,345 7.5 0.6
Monthly:
Feb 2016 59,014 8.6 90,208 7.0 229,712 7.6 0.6
Mar 2016 59,369 8.2 90,838 5.5 231,077 7.7 0.6
Apr 2016 59,421 7.5 91,337 6.2 232,908 7.9 0.8
May 2016 59,992 7.3 91,912 6.4 234,963 8.1 0.7
Jun 2016 60,264 6.0 92,113 7.0 236,791 8.3 0.8
Jul 2016 60,502 5.5 91,743 6.6 238,432 8.6 0.8
Aug 2016 60,819 4.9 91,945 6.0 240,370 8.7 0.8
Sep 2016 60,880 4.0 94,005 7.8 242,110 8.8 0.8
Oct 2016 60,912 3.8 95,875 8.0 243,624 8.7 0.6
Nov 2016 61,178 4.0 94,779 5.8 245,163 8.6 0.6
Dec 2016 61,155 4.2 94,750 6.0 246,877 8.7 0.7
Jan 2017 61,226 3.8 95,041 5.3 248,163 8.7 0.5
  1. Nominal percentage rate calculations have been break-adjusted, reflecting the underlying market change.
  2. Seasonally-adjusted percentage rate calculations have been break-adjusted, reflecting the underlying market change.

The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

Table C5 shows a breakdown of lending to the agriculture, business and household sector by registered banks and non-bank lending institutions (NBLIs).

Data is sourced from the Registered Bank Standard Statistical Return (SSR) and Non-Bank SSR.

Balance sheet figures reported by banks and NBLIs conform to generally accepted accounting practice in New Zealand. In particular, values may be at book or ‘marked to market’ according to appropriate practice for the instruments involved.

The resident/non-resident distinction in these tables is based on the geographical location of respondents and counterpart transactions. To facilitate statistical reporting however, the New Zealand income tax rules on residency are accepted as an approximation.

Periodicity

Monthly, as at the last business day.

Timeliness

On or before the last business day of the month after the end of the reference month.

Access by the public

Statistics release calendar

The Statistics Release Calendar is updated and released on the last business day of the month. 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

Data are collected under Section 36 of The Reserve Bank of New Zealand Act 1989 (The Act).

The Reserve Bank of New Zealand publishes only aggregated data. Individual institutional data is confidential.

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 as a ‘special note’.

Any major changes in methodology are posted on the website as a special note.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

Changes to the way monetary and credit aggregates have been compiled since 30 June 1998 are explained in Financial Statistics, June 1998 Vol 1, No 2.

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

Disclosure statements published by registered banks offer checks for reasonableness. Links to registered bank websites can be found in the Banks section of this site.

Series breaks

Series breaks occur when registered bank data are affected by survey changes that are not 'organic' but arise from one period to another because of factors such as the introduction of a new bank to the survey; a bank relinquishing its registration; the sale of assets; merger with another institution or a change in substance in business practice that interrupts a 'like for like' time series.

Series breaks for key balance sheet components for all registered banks are displayed in the table below.

Registered Banks

Series Breaks ($m)

Loans

All other assets

Less: Counter-part funding

Total Assets (A15)

House-hold Deposits

Table C5

Table C6

Break Date

Released

Ag.

Bus.

Housing

Consumer

Sep. 15

Oct. 15




-57



-62


Dec. 12

Jan. 13

+519

+891

+279

+375

+279


+2,343

+1,482

Oct. 11

Nov. 11



+1,082

+114

+265


+1,461

+1,177

Nov. 09

Jan. 10



+144






Jan. 09

Feb. 09





+212


-865


Oct. 08

Nov. 08

+400

+264

+1,632

+88

+142

-301

+2,224

+1,859

Aug. 06

Sep. 06



-484




-484


Feb. 06

Mar. 06



-291



291

+0


Series breaks for key balance sheet components for all non-bank lending institutions are displayed in the table below.

All non-bank lending institutions (NBLIs)

Series breaks

Loans

Less: Counter-part funding

Total Assets (A15)

Memo: House-hold Deposits

Break date

Table C5

Table C6

Agriculture

Business

Housing

Consumer

May. 16

-39

-39

Sep. 15




+57


+62


Dec.12

-519

-891

-279

-375


-2,343

-1,482

Dec.11

-1,082

-114

-170

-1,290

-1,177

Dec.10

-6

-117

-143

-123

Dec. 09

-175

-144

-144

-175

Jun. 09

718

1,158

Dec. 08

-400

-328

-1,631

-104

-301

-2,323

-1,859

Sep. 06

-555

Series breaks last updated: 30 June 2016

Unless otherwise specified, data are in millions of New Zealand dollars

Agriculture

Lending to farmers by registered banks and non-bank lending institutions (NBLIs).

Business

Lending to the resident business sector by registered banks and NBLIs. The series is derived by deducting agriculture, finance and insurance, general government, household and non-resident sector loans from total New Zealand dollar claims.

Housing

Lending to households by registered banks and NBLIs for the purpose of housing. Includes all residential mortgage loans to personal customers (housing) unless they are explicitly recorded as consumer loans. ‘Lifestyle property' loans on ‘farmlets' are classified by banks as housing or farming using the same principles applied to determine the BIS‘risk weight' for capital adequacy purposes. Includes securitised mortgages.

Consumer

Lending to households for non-housing purposes by registered banks and NBLIs. This includes loans, whether or not secured by mortgage, which have been separately identified as being for personal customers, but are not housing– e.g. boat or car purchase, travel etc and all credit card lending. Includes securitised consumer loans.

Total household claims

Lending to households for housing and consumer purposes by registered banks and NBLIs, as well as securitised lending. See also C6: Household credit.

Mapping Registered Bank and NBLI aggregates to the sector credit data in tables C5 and C6

The time series for sector credit, in table C5 is produced from data reported in the monthly registered bank aggregates and the quarterly non-bank lending institution aggregates. The following table identifies the source data used to calculate sector credit totals in C5 and C6.

Published in table

Series

Source Data

Notes

C5

Agriculture

Registered Bank SSR

Line Item D2.1 - Agriculture


NBLI SSR

Line Item: D2.1 - Agriculture

Published quarterly. Inter-quarter months are imputed using data provided by a subset of responding institutions.

Business

Registered Bank SSR

Line items:

D2.2 to D2.15, D2.19, D2.21 to D2.24, D2.29.

Non-bank business lending is published quarterly. Inter-quarter months are imputed using data provided by a subset of responding institutions

NBLI SSR

Line item D2.19 – Property and business services

Line item D2.29 – All other business

Total Household Claims

Summation of Housing and Consumer lending.


C6

Registered Bank Housing

Registered Bank SSR

Line item D2.25 - Housing

Line item E8.10 – Housing (specified loans off balance sheet)


Registered Bank Consumer

Registered Bank SSR

Line item D2.26 - Consumer


Non-bank Housing

NBLI SSR

Line item D2.25 - Housing

Line item E8.10 – Housing (securitised assets administered)

Published quarterly. Inter-quarter months are imputed using data provided by a subset of responding institutions

Non-bank Consumer

NBLI SSR

Line item D2.26 - Consumer

Line item CC1.12 – Consumer (securitised assets administered)

Published quarterly. Inter-quarter months are imputed using data provided by a subset of responding institutions

The Reserve Bank has been working with registered banks since mid-2015 to develop a new registered bank balance sheet collection that will replace the existing Standard Statistical Return (SSR).

In March 2017 the SSR will be retired and the publication of the following tables will be discontinued:

B5

Interest rates on funding and claims

C1

Monetary aggregates

C2

Credit aggregates

C3

Monetary and credit aggregate components

C4

Balance sheet of M3 institutions

C5

Sector credit

C6

Household credit

C17

Household deposits

S1

Banks: Balance Sheet ($m)

S6

Banks: Funding by sector ($m)

S7

Banks: Claims by sector ($m)

S8

Banks: Mortgage lending ($m)

In the first week of April 2017 we will publish data from the new balance sheet collection for the first time. Our first publication is aimed at replacing key data currently published from the SSR. Later in 2017 we plan to publish other more detailed data collected from the new balance sheet collection.

More in depth information on the new balance sheet data can be viewed on our statistics news and updates page www.rbnz.govt.nz/statistics

If you have any questions, please contact us at stats-info@rbnz.govt.nz.

28 February 2017

Symbols and conventions

0 Value rounded to zero
- Zero or not applicable
.. Not available
bold Revised/new
italics Provisional

General notes

  • Individual figures may not sum to the totals due to rounding
  • Percentage changes are calculated on unrounded numbers
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