Non-bank lending institutions (NBLIs) include non-bank deposit-taking institutions (NBDTs) and non-deposit-taking finance companies. We regulate NBDTs, but we don't regulate or supervise non-deposit-taking finance companies.
NBLIs account for just under 3% of intermediated credit, mainly focusing on the business and consumer sectors (see figure 1).
Figure 1: Non-bank lending institutions' lending by sector (March years)
Note: Excludes assets of deposit-taking finance companies in receivership or moratorium. In the period shown on the chart, several large NBLIs left the sector and/or became banks.

Figure 1 shows the lending value of non-bank lending institutions (NBLI) from 2010 to 2024. The figure breaks down this lending amount into housing loans, consumer loans, agriculture loans, commercial properties, and other business loans.
Total NBLI lending was $23 billion in March 2024, up from $20 billion in March 2022 and $16 billion in March 2020. As of March 2024, the largest share of NBLI lending were housing loans ($5.7 billion), consumer loans ($7 billion) and non-property business loans ($7 billion).
About non-bank deposit takers
NBDTs offer debt securities to the public (as defined in the Securities Act 1978) and borrow and lend money or provide financial services, or both.
NBDTs include credit unions, building societies and finance companies. They exclude registered banks, managed investment schemes and organisations that raise funds from related parties or from corporate or wholesale sources.
There are 13 licensed NBDTs operating in New Zealand. You can see who they are in our public register of licensed NBDTs.
Public register of licensed NBDTs
As at March 2024, the total assets of NBDTs are $2.81 billion. Of this, $1.37 billion is in building societies and $1.02 billion is in credit unions.