Summary information for locally incorporated banks - G1

Released
20 April 2017 03:00 p.m.
Next release
18 July 2017 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Quarterly
ANZ ASB Bank of China Bank of India Baroda BNZ CCB Co-op Heartland ICBC Kiwibank Rabobank SBS TSB Westpac
Period
For the period ending 31-Dec-16 31-Dec-16 31-Dec-16 31-Dec-16 31-Dec-16 31-Dec-16 31-Dec-16 31-Dec-16 31-Dec-16 31-Dec-16 31-Dec-16 31-Dec-16 31-Dec-16 31-Dec-16 31-Dec-16
Profitability (NZ$m)
Net profit for the past 12 months 1,586 964 -2 1 1 944 2 11 58 1 116 89 25 52 868
Net profit as a % of average total assets 1.0 1.2 -0.4 0.9 0.7 1.0 0.3 0.5 1.6 0.2 0.6 0.8 0.7 0.8 1.0
Net profit as a % of average equity 12.4 14.5 -2.9 1.8 1.5 13.4 1.6 6.6 11.6 1.3 10.1 6.8 10.0 9.1 13.1
Credit rating(s)
Issued by Standard and Poor's1 AA- AA- - BB+ - AA- A - - A A+ A - - AA-
Issued by Moody's1 Aa3 Aa3 A1 - - Aa3 A1 - - A1 Aa3 - - - Aa3
Issued by Fitch1 AA- AA- - - BBB- AA- - BBB BBB - AA+ - BBB A- AA-
Capital adequacy (%)
Common equity tier 1 ratio2 10.5 10.0 12.7 59.6 84.0 10.1 23.0 14.4 13.0 19.2 9.8 12.5 12.3 14.7 10.9
Tier 1 ratio2 13.8 12.3 12.7 59.6 84.0 11.6 23.0 14.4 13.0 19.2 11.3 12.5 12.4 14.7 10.9
Capital ratio2 14.3 13.9 12.7 59.6 84.0 13.1 23.3 17.5 13.0 19.2 13.4 13.6 13.3 14.7 12.9
Assets (NZ$m)
Cash, liquid assets and due from other institutions 5,487 3,890 162 22 22 3,432 132 33 70 159 692 284 93 119 2,651
Securities 15,888 4,925 - - - 4,905 - 166 299 41 1,143 724 346 2,034 8,783
Gross loans 114,257 76,368 346 86 71 76,979 745 2,046 3,362 704 17,476 9,689 3,262 4,467 76,150
Mortgages 65,858 50,279 34 36 46 35,712 380 1,899 935 173 16,154 39 2,533 3,648 45,342
Other lending 48,399 26,089 312 50 25 41,267 365 147 2,426 531 1,322 9,650 729 819 30,808
Less individual provisions 184 41 - - - 104 - 1 10 - 7 4 3 2 63
Less collective provisions 456 266 1 - - 450 1 4 17 4 41 32 18 21 331
Derivatives 14,929 1,398 0 - - 5,942 5 5 - 0 422 4 6 0 60
Other assets 7,780 712 8 4 7 3,433 6 26 117 3 323 643 59 31 3,131
Total assets 157,701 86,986 515 110 100 94,137 888 2,272 3,820 904 20,008 11,308 3,745 6,629 90,381
Annual % change 6.3 12.2 146.9 15.8 12.6 8.2 120.9 14.6 14.2 21.8 5.3 5.0 13.8 5.2 10.2
Liabilities and equity (NZ$m)
Equity 13,093 7,178 55 53 46 6,666 196 169 528 140 1,295 1,367 274 589 6,838
Subordinated debt 3,282 800 - - - 1,823 15 45 3 - 257 305 39 - 1,080
Other borrowings 122,999 76,581 455 57 54 78,430 671 2,033 3,244 755 17,902 9,610 3,363 5,998 80,883
Derivatives 15,326 1,916 0 - - 6,633 5 8 - 0 445 4 22 5 901
Other liabilities 3,001 511 5 1 1 585 1 16 45 8 109 22 47 38 679
Total liabilities and equity 157,701 86,986 515 110 100 94,137 888 2,272 3,820 904 20,008 11,308 3,745 6,629 90,381
Asset quality (NZ$m)
Impaired assets 536 432 - - - 252 - 2 20 - 9 131 7 16 181
90 days past due 142 78 - - - 188 - 3 36 - 9 8 1 6 69
Non-performing loans as a % of gross lending 0.6 0.7 - - 0.1 0.6 - 0.2 1.7 - 0.1 1.4 0.3 0.5 0.3
Individual provisions as a % of impaired assets 34.3 9.5 - - 100.0 41.3 - 28.3 49.2 - 77.8 3.3 38.1 9.9 34.8
Balance date
Annual balance date 30-Sep 30-Jun 31-Dec 31-Mar 31-Mar 30-Sep 31-Dec 31-Mar 30-Jun 31-Dec 30-Jun 31-Dec 31-Mar 31-Mar 30-Sep
  1. On NZ$ long-term senior unsecured obligations in NZ
  2. As a % of total risk-weighted credit exposures

The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

Data was extracted from the "Key Information Summary" part of the disclosure statements published by locally incorporated registered banks until December 2010 and then extracted directly from disclosure statements.

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

Data included in the table was revised in 2013. A summary balance sheet was added and Peak credit exposure concentrations were removed.

Periodicity

Quarterly

Timeliness

Released during the fourth month after the end of the quarter the disclosure statements were issued for.

Access by the public

Statistics release calendar

The Statistics Release Calendar is updated and released on the last working 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

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. 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 our website. The information required in the disclosure statements can be found in the Orders in Council made under The Act.

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

Disclosure statements can be found on the websites of registered banks that are directed primarily at New Zealand customers.

Interpretation of the table

The information contained in the table was extracted from the "Key Information Summary" part of the disclosure statements published by registered banks until December 2010 and then directly from the disclosure statements. A review of the tables was made in 2013 and consequently there were changes to the presentation and content of the table from the 30 June 2013 data.

The information relates only to the periods specified in those disclosure statements. The financial position of a bank may have changed subsequent to the publication of its disclosure statements. The disclosure statements also contain other information that may be relevant in interpreting the information contained in the tables. Readers are advised to consult those disclosure statements for comprehensive information about any particular bank.

Format of the table

All locally incorporated banks are listed in table G1, and all overseas incorporated banks (which operate as a branch in New Zealand) are listed in table G2. This is done because it may be misleading to compare locally incorporated banks with overseas incorporated banks. In each section of the table, banks are listed in alphabetical name order.

In the case of overseas incorporated banks, the key information disclosed covers both the New Zealand branch and the bank as a whole. The overseas bank information provided is the most recently published information and is not always for the same date as that provided by the New Zealand branch. In some cases the overseas bank information may be for different dates. The key information disclosed by locally incorporated banks with an overseas parent bank does not include information relating to the overseas parent bank.

The number of decimal places used to disclose quantitative information is not prescribed, and so differs among banks. This has resulted in varying numbers of decimal places appearing in some lines of the table. Some of the numbers disclosed by banks have been rounded in order to improve the consistency of the table.

Contents of the table

Period

From the 30 June 2013, the end of the accounting period is shown at the top of the table while the annual balance date is shown at the bottom.

Up to 31 March 2013 the first block of information in the table lists the annual balance date of each bank, the date of the end of the accounting period to which the information disclosed relates and the number of months in that accounting period. For example a bank may have a balance date of 31 December, and an accounting period ending on 30 June.

Profitability

From 30 June 2013 the net profit covers the 12 months to the end of the relevant accounting period. Up to 31 March 2013 the net profit for the year-to-date is shown. Net profit over the previous 12 months as a percentage of average total assets is also shown and from 30 June 2013 also as a percentage of equity.

Credit rating

Credit ratings for long-term unsecured obligations payable in New Zealand in New Zealand dollars and the name of the issuer of the rating are disclosed. Some banks have more ratings than those shown in the table. Readers are advised to refer to the banks' disclosure statements for information about additional ratings (if any).

See Standard & Poor's, Moody's and Fitch's websites for explanation of their ratings.

Capital adequacy

The table shows common equity tier one capital ratio (from 31 March 2013), tier one capital ratio and total capital ratio, and each of these as a percentage of risk weighted credit exposures. Locally incorporated banks are required to calculate capital and risk weighted credit exposures in accordance with the Reserve Bank's policy document entitled Capital Adequacy Framework.

Assets

From 30 June 2013 a breakdown of assets is shown. Up to 31 March 2013 only the amount of total assets was shown. The percentage change in total assets over the last 12 months is also shown.

Liabilities and equity

From 30 June 2013 a breakdown of liabilities and equity is shown.

Asset quality

The table shows the value those assets that have been identified as impaired and from 30 June 2013 the value of those assets that are 90 days past due that are not considered impaired. The table now also shows the ratio of these two items as a percentage of gross lending. Up to 31 March 2013 the table shows impaired assets as a percentage of total assets.

Peak credit exposure concentrations

Up to 31 March 2013 the table shows the peak number of credit exposures over the past quarter to individual customers, or groups of closely related customers. Exposures are calculated as a percentage of equity, and disclosed as the number of exposures within percentage ranges of equity. (Banks are required to disclose peak exposures within 10 percent equity bands. However, some aggregation has been used in the table - readers are advised to refer to the banks' disclosure statements for detailed peak credit exposure concentration information.) Customers are subdivided into banks and non-banks.

Connected persons

Up to 31 March 2013 the table shows the peak credit exposure to connected persons over the past quarter. (It shows both the exposure to all connected persons and the exposure to non-bank connected persons.) The exposures are shown as an amount and as a percentage of tier one capital.

Definitions

Net profit

From 30 June 2013 the value of the profit earned over the past 12 months to the end of the period. Up to 31 March 2013 it was the value of the profit earned from the beginning of the current accounting period up to the end of the period.

Net profit as a percentage of average assets

Also called return on assets, it is the net profit as a percentage of the average assets over the past 12 months.

Net profit as a percentage of average equity

Also called return on equity, it is the net profit as a percentage of the average equity over the past 12 months.

Capital – common equity tier one, tier one capital and total capital

Common equity tier one capital is capital that is permanently and freely available to absorb losses without the bank being obliged to cease trading. It generally comprises ordinary share capital and retained earnings but excludes perpetual preference shares which are included in tier one capital. Total capital consists of tier one capital plus other capital (called tier two capital) which can only absorb losses in the event of a winding up (eg, revaluation reserves, redeemable preference shares, subordinated debt), less certain deductions (eg, unrealised revaluation losses). See the Reserve Bank's policy document entitled Capital Adequacy Framework issued in March 2005.

Cash, liquid assets and due from other institutions

Cash or items readily convertible into cash, claims on the Reserve bank of New Zealand, deposits and placements with other institutions.

Securities

Securities include trading securities, available for sale investments and held to maturity securities.

Gross loans

Total loans before the deduction of provisions.

Mortgages

Mortgage lending has been obtained from residential mortgages loan-to-value information.

Other lending

Loans and advances excluding mortgages. Includes overdrafts, credit card lending, personal loans, lease finance, commercial bills, hire purchase finance, redeemable preference share finance and other term lending.

Individual provisions

An amount that has been charged to profit and loss against identified credit losses or an identified deterioration in the value of an asset.

Collective provisions

An amount that has been charged to profit and loss against assets where credit losses in value of assets is collectively assessed.

Derivatives

A security whose price is dependent upon or derived from one or more underlying assets.

Other assets

All other assets, including amounts due from related parties and goodwill.

Total assets

The sum of all assets.

Equity

Shareholders' capital including ordinary capital, retained earnings, perpetual preference shares, other reserves and non-controlling interests.

Subordinated debt

Borrowings which rank below all other borrowing for repayment should the organisation fail.

Other borrowings

All forms of funding except Subordinated debt. Includes transactional and saving accounts, term deposits, certificate of deposits and amounts due to related parties.

Other liabilities

All other liabilities.

Impaired assets

Any credit exposure for which it is probable that the bank will not be able to collect all amounts owing, and any credit exposure on which the original terms have been changed to grant the debtor a concession, and any asset acquired through the enforcement of security.

90 days past due

Any credit exposure that has been outside its terms and conditions for more than 90 days.

Glossary of terms

Banking group

The banking group consists of the New Zealand business of the registered bank. For overseas incorporated banks this usually comprises the New Zealand branch of the overseas bank and subsidiaries of the parent bank incorporated in New Zealand. For locally incorporated banks the banking group usually comprises the bank and its subsidiaries.

Connected persons

Any person or entity that has an ownership interest in the registered bank. Any other entity in which the owner has a substantial interest and any person or entity that has a substantial interest in the owner are also included. (A person or entity holds a substantial interest in an entity if they: own, or receive dividends from, or control more than 20 percent of the shares in an entity; or control the composition of the board of directors, or the management of the company.)

Risk weighted credit exposures

This includes both on-balance sheet exposures (e.g. loans to customers) and off-balance sheet contracts that expose a bank to credit risk (e.g. the provision of guarantees). Exposures are risk weighted according to broad categories of relative credit risk.

Adoption of IFRS

Between 1 January 2005 and 1 July 2007, banks in New Zealand changed accounting standards from New Zealand accounting standards (NZ GAAP) to New Zealand International Financial Reporting Standards (NZ IFRS).  The move to NZ IFRS affects both balance sheet and income data published in the Bank disclosure tables (G) in respect of those banks. Adoption dates for banks registered over the period are listed below.

For Key information summary of locally incorporated banks (G1) and Key information summary of overseas incorporated banks (G2) tables, this reduces the comparability of individual bank data with data for previous periods, for those banks that have adopted NZ IFRS.

For the Summary of selected aggregated financial data (G3), the aggregated balance sheet and income data reported between 2005 and 2007 are a combination of data reported under the two sets of accounting standards. For the 31 December 2005, 92 percent of the total assets of registered banks reported in Table G3 were held by banks using NZ IFRS.

Dates from which banks adopted NZ IFRS are:

Date:

Banks adopting NZ IFRS:

1 January 2005

The Hong Kong and Shanghai Banking Corporation Limited

1 July 2005

ASB Bank Limited

Commonwealth Bank of Australia

1 October 2005

ANZ National Bank Limited

Bank of New Zealand

Westpac Banking Corporation

1 January 2006

Rabobank Nederland

Rabobank New Zealand Limited

1 January 2007

ABN AMRO Bank NZ

Citibank NZ

Deutsche Bank AG

Kookmin Bank

1 April 2007

TSB Bank Limited

The Bank of Tokyo-Mitsubishi UFJ

1 July 2007

Kiwibank Limited

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
  • You are free to copy, distribute and adapt these statistics subject to the conditions listed on our copyright page.